« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Finmin opposes move to shift fiscal goalposts... State FMs, Centre inch closer to blueprint for reducing CST... » FM, VAT panel to work out compensation package August, 25th 2006 Union Finance Ministry and VAT panel will try to iron out their differences over a compensation package in a week's time to enable states to implement phased reduction of central sales tax from October 1. Union Finance Ministry and the Empowered Committee of state finance ministers on VAT have some differences over the compensation package and both sides will try to iron them out, VAT panel Chairman Asim Dasgupta told mediapersons after meeting Finance Minister P Chidambaram. "We are trying hard from both sides to converge to an agreed compensation package. Our meeting in that sense is fruitful. There were some differences of opinion. We are trying to iron out those differences," he said. To this end, Parthasarthi Shome, Advisor to the Finance Minister and VAT Panel Secretary Satish Chandra will work out an agreed compensation package. "In seven days time, we will meet again with an objective to attain convergence to agreed compensation package," he said. When asked how confident he is that CST phase-out would start from October 1, Dasgupta said he is incurably a confident man. Coming out of the meeting, Chidambaram merely said," We need to meet again."