Budget 2019: Some wise tax messaging
The Budget 2019 must pay heed to suggestions made by various committees in the past on tax laws.
TARC not in favour of tax amnesty to unearth black money
Headed by tax expert Parthasarthi Shome, the TARC has recommended that taxpayers sho...
I-T Department constitutes 7-member panel to devise e-scrutiny procedures
The Central Board of Direct Taxes has already started phased pilot ...
Finance Ministry sets unfeasible revenue targets: TARC report
The mandate of the commission was to review tax laws and policies in the context of global best practices and recommend appropriate reforms measures.
First meeting of TARC on August 7
The Tax Administration Reforms Commission will hold its first meeting on August 7 to understand technical hitches in the policy.
TARC to look into amalgamation of Direct & Indirect Tax Departments
The Tax Administration Reform Commission, set up by the Finance Ministry will soon look into amalgamation of Direct Tax and Indirect Tax Departments.
Corporate tax cut in Budget 2015 a big boost for business: Parthasarathi Shome, TARC India
"I must say that I am duly impressed by the tax proposals. The pre-announcement of the reduction in corporate tax over four years is an excellent idea."
Taxman eyes service departments for complaint redressal
"The entity will deal with grievances and make sure that services offered to taxpayers, both individuals and companies, improve," said an officer.
Taxpayer services to be improved soon: Central Board of Direct Taxes
Chairperson of CBDT Anita Kapur said the Income Tax department was examining the recommendations of the Tax Administration Reform Commission.
Budget 2015: Govt’s tax moves to ensure policy certainty, assure investors
Shoring up tax administration is a key policy priority for the government as it moves to attract investment and boost growth.
Re-introduce fringe benefit, cash transaction taxes: Shome Panel
The panel has also favoured reintroduction of BCTT, saying there is no instrument that captures details of cash withdrawals from bank accounts, other than savings accounts.
Budget 2014: 10 big changes that can transform the realm of corporate taxation
The levy of a single moderate tax rate be adopted thereby reducing the effective tax rate and increasing the earnings of the industry.
Budget 2014: 10 big changes in Personal Taxation that can transform the industry
The most significant change is the Recommendations of the TARC, set up by govt to bring in more credibility amongst tax payers & streamlining tax procedures.
Tax Reform Commission to submit first report in 6 mths: Parthasarathi Shome
Tax Administration Reform Commission held the first meeting today and is expected to submit its report in six months.
Tax Administration Reform Commission to submit its first report by May-end
The Tax Administration Reform Commission (TARC), announced in last year's budget, would submit its first report to the government by May-end.
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