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New challenges in tax administration due to globalisation:Prez

Last Updated: Thursday, July 17, 2014, 18:02

New challenges have emerged in the arena of tax administration in the wake of globalisation and economic integration, President Pranab Mukherjee has said.

Abolish Revenue Secretary post; merge CBDT, CBEC: Govt panel

Last Updated: Monday, June 16, 2014, 20:58

Recommending far-reaching reforms in tax administration, a government committee has suggested abolition of the post of Revenue Secretary, merger of CBDT and CBEC and broaden the use of Permanent Account Number (PAN).

Govt sets up Tax Administration Reform Commission: Shome

Last Updated: Saturday, March 29, 2014, 19:20

Hopefully there would be dynamic recommendations and once the recommendations are out, it would be discussed by the tax administration and tax payers, Parthasarathi Shome said.

India seeks automatic info-sharing to deal with tax avoidance

Last Updated: Friday, February 21, 2014, 20:36

India on Friday called for automatic exchange of key financial information and greater cooperation among G20 nations to deal with cases of tax avoidance.

TARC to submit its first report by May-end

Last Updated: Friday, February 21, 2014, 14:17

The Tax Administration Reform Commission (TARC), announced in last year's Budget, would submit its first report to the government by May-end, Chairman of the panel and Advisor to Union Finance Minister Parthasarathi Shome said Friday.

E-returns: CBDT may soon do away with submission of ITRV form

Last Updated: Sunday, January 12, 2014, 10:35

"The decision could happen soon as this concerns a lot of taxpayers and will be seen as customer-friendly," a source privy to the development said.

FinMin assures India Inc of efficiency in tax administration

Last Updated: Wednesday, November 20, 2013, 18:00

"As per law we will go for revenue, but what is due, we will do as per rules ... Please trust us. Ultimately we need to trust you, you need to trust us. Without trust, nothing can move on," Revenue Secretary Sumit Bose said at a CII event here.

Government sets up tax reform commission

Last Updated: Monday, August 26, 2013, 16:41

The “Tax Administration Reform Commission” has been asked to submit its report and recommendations within 18 months, the finance ministry said in a statement.

Govt nod to set up Tax Administration Reform Commission

Last Updated: Wednesday, August 14, 2013, 00:25

Government Tuesday approved setting up of a Tax Administration Reform Commission (TARC) to remove ambiguity and establish a stable and non-adversarial tax administration.

BRICS nations to cooperate in seven areas of tax policy

Last Updated: Saturday, January 19, 2013, 15:37

The five BRICS (Brazil, Russia, India, China and South Africa) countries have indentified seven areas of tax policy and tax administration for cooperation.

India should focus on data mining, analysis of tax admin: Shome

Last Updated: Thursday, November 22, 2012, 23:05

India should strengthen the Large Tax Payers Unit (LTUs) and focus on data mining and analysis of tax administration, expert Parthasarathi Shome said Thursday.