« Top Headlines » Open DEMAT Account in 24 hrs  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups  Result of the Information Systems Audit [ISA] Assessment Test held on 8th November 2025 is likely to be declared on late evening (around 9 pm) of 16th November 2025.  Income Tax: What is revised I-T return which you can file till the end of the calendar year?  Creating Vouchers Directly from Bank Statements in Tally Prime A Complete Step-by-Step Guide  Payroll Management in Tally Prime 7.0 Expected Enhancements, Current Features, and Future Scope «  I-T may soon get 10,000 more posts... Large tax payer unit to go on stream in Nov... » FM asks tax officials to draw from experience October, 03rd 2006 With revenue collections on a roll, finance minister P Chidambaram has come forward to give senior tax officials his motivation mantra. The FM wants the officials to play a more proactive role in policy making instead of merely clearing files. Mr Chidamabram, who recently held separate meetings with the senior officials of Central Board of Direct Taxes and Central Board of Excise and Customs, asked them to play a more active part in the policy-making process. Instead of acting as just another layer in the file-clearing system, he said the officials should be able to make value addition. Though in the normal course finance ministers always have a formal interaction with the commissioners and director generals under both the boards when he chairs their annual conferences, this kind of informal meeting sans board members is the first-of-its kind. The finance ministers contention is that both the boards should be able to draw from the experiences of the commissioners who come after a stint in field. They should act as a bridge between policy and its implementation process. Instead of getting bogged down by the routine file clearing process, they should be able to act as boards own in-house think-tanks in the policy making process, sources said. Also, on the revenue front, these officials are expected to fill in the boards with their experiences so that new ways and means could be devised to maximise collections.