« Top Headlines » Open DEMAT Account in 24 hrs  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible «  Draft of new service tax form issued... E-filing rakes in success... » `Less awareness hindering more tax compliance' October, 09th 2006 Attributing the current buoyancy in direct tax collections of the Government to growing voluntary tax compliance, the Chief Commissioner of Income Tax , Kolkata, Mr D.K. Das, said here today that two things have to be ensured by the department in the current context rewarding the cost of compliance by the taxpayers and making the cost of non-compliance quite heavy for the errant taxpayer. Speaking at a national workshop on `Finance Act '06, TDS, e-Filing and FBT', organised by the Delhi-based Institute of Socio Economic Research & Action (ISERA) here, Mr Das said lack of awareness on the part of the assessees to both changing income-tax laws and the approach of the department was coming in the way of greater compliance. Intensive investigation While the annual information reports filed during 2004-05 have yielded a whole host of information, only 9 out of every 1,000 transactions reported are being taken up for deeper investigation (by the traditional method). In the days to come, even this figure may go down. Explaining the rationale behind the Finance Act and its correlation with the charging section (Sec 4) of Income Tax Act 1961, Mr Das said out of the 4.6 crore PAN cards allotted countrywide, only 2.9 crore are filing their returns. Large taxpayer units Asked on the fate of the large taxpayer units, Mr Das said it was taking time as a complete foolproof system based entirely on a voluntary approach was yet to evolve, going by the response of the large taxpayers. Mr Das said that all the commissioners in the Bengal zone would be meeting on October 20 to finalise their recommendations, which would then be forwarded to the revenue department, which was now working on a new I-T Act.