Tax Administration Reform Commission

• 

  Finance Ministry Denies Reports Of Merging Direct And Indirect Tax Bodies

  Finance Ministry said that the merger was earlier recommended by the Tax Administrative Reforms Commission but was not accepted

• 

  Have Reservations About India Rank In World Bank Report: Arun Jaitley

  India has expressed reservations on World Bank's 'Doing Business Report' where it has been ranked 172 amongst 190 countries, Finance Minister Arun Jaitley said today.

• 

  Government Looking at Shome Panel Report to Simplify Tax System: FM

  Finance Minister on Monday said the government is looking into the recommendations of Parthasarathi Shome committee.

• 

  Taxpayer Services to be Improved Soon: CBDT

  Chairperson of Central Board of Direct Taxes Anita Kapur said the Income Tax department was examining the recommendations of the Tax Administration Reform Commission (TARC), headed by economist Parthasarathi Shome, for its implementation soon so that taxpayer services and grievance redressal issues are resolved on priority.

• 

  Excise Board to Set Up Directorate of Taxpayer Services

  Seeking to improve its image as a customer-friendly organisation, the Central Board of Excise and Customs (CBEC) has decided to set up a dedicated wing to have a better connect with taxpayers.

• Government to Not Implement Banking Transaction Tax

  The government is not considering implementing Banking Transaction Tax to replace all taxes in the country, Parliament was informed on Friday.

• Opinion: Income Tax Benefits Should Be Adjusted to Inflation

  India's Union Budget 2014-15 is just a few days away and every taxpayer has his/her own wish list on what can be expected from it. In addition to the corporate sector, salaried taxpayers and middle class people of the country are also in the queue with strong expectations on rationalisation of tax system, improved taxpayer experience and inflation-...

• Tax Reform Commission to submit first report in 6 months: Shome

  Tax Administration Reform Commission (TARC), set up by the Finance Ministry to suggest measures to prevent economic offences among other things, held the first meeting today and is expected to submit its report in six months.

• Govt sets up Tax Administration Reform Commission under Shome

  The seven-member Tax Administration Reform Commission (TARC) will have an 18-month tenure to suggest various measures, including appropriate organisational structure for tax governance, an official statement said.

• Government approves setting up Tax Administration Reform Commission

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

• Voluntary compliance scheme to help widen tax base: Revenue secretary

  Pitching for higher tax collections, revenue secretary Sumit Bose on Wednesday said the recently announced voluntary compliance scheme for service tax defaulters will help the government widen the tax base.