« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Returns filed by realty developers under scrutiny... Notice to firms for claiming service tax abatement... » New body to look into gems and jewellery tax structure July, 12th 2006 The finance ministry has set up an expert body, headed by M R Sivaraman, former Revenue Secretary, to look into the potential of the gems and jewellery industry and make recommendations including tax measures to enable the country to become a hub for this sector.    Finance Minister P Chidambaram had announced the setting up of an expert body to examine the tax structure in gems and jewellery in the Budget.    The body will make recommendations for a taxation system based on the best international practices which will facilitate exports, widen the tax base and secure adequate revenues for the government, minimise the scope for evasion, and facilitate voluntary compliance.    It will also give suggestions to make domestic trade more transparent and for development of skills of Indian craftsmen so that the development in domestic trade could be a catalyst for promoting export of gems and jewellery.