« Top Headlines » Open DEMAT Account in 24 hrs   5 small savings options that save tax under Section 80C  ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know! «  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.