sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Direct Tax »
 Which form should salaried individual and pensioner file? Find out Income Tax Return (ITR) filing
 Net direct tax collection crosses ?10 lakh crore mark
 CBDT Widens Tax Dragnet on Notional Income through Section 56(2), but Loopholes Remain
 No respite from Angel Tax despite DPIIT notification
 Filing income tax returns before March 31 deadline? 5 TIPS to avoid last-minute calculation MISTAKES
 You may not be able to claim Income Tax refund, file ITR! Do this in the next 14 daysa
 How and when TDS deductions can be avoided
 Income Tax Department unearths huge violations in TDS deduction
 Received scrutiny notice from income-tax department? here's what you should do
 Exhausted Section 80C Income Tax saving options? No problem! Try these new ways if you are filing ITR this year
 CBDT to clarify on angel tax in a weeka

Direct tax collections to be monitored effectively: FM
September, 04th 2010

Finance Minister Pranab Mukherjee today asked commissioners of the income tax departmentand customs to focus on low growth in service tax, the high level of arrears and amounts locked in litigation and adjudication.

During the meeting with chief commissioners and commissioners of income tax, customs and central excise in Mumbai, Mukherjee also expressed concerns over the slow growth in direct tax collections in the Mumbai zone. He pointed out that there was a decline in collection of tax deducted at source (TDS) a major source of revenue for the government.

He also asked the revenue department to create a formal risk management institution to improve the voluntary tax compliance in India.

The achievement of direct tax collection largely depends on collection from Mumbai. Therefore, revenue collection should be monitored effectively and special efforts made to achieve not only the budgeted target but also to exceed it, Mukherjee said in his address.

Over half the direct tax collections come from the Mumbai zone and a slow growth could hit overall collections.

While urging indirect tax officials to improve on the performance so far, he said service tax collections that grew eight per cent in this financial year needed to be analysed.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions