विज्ञप्तियां उर्दू विज्ञप्तियां फोटो निमंत्रण लेख प्रत्यायन फीडबैक विज्ञप्तियां मंगाएं Search उन्नत खोज
RSS RSS
Quick Search
home Home
Releases Urdu Releases Photos Invitations Features Accreditation Feedback Subscribe Releases Advance Search
home  Printer friendly Page home  Email this page
English Release 26-March 2015
Date Month Year
  • President's Secretariat
  • Probationers of Indian Postal Service and Indian P&T Accounts and Finance Service call on the President
  • Emir of Qatar calls on the President
  • Vice President's Secretariat
  • DELEGATION OF CPWD OFFICER'S WIVES ASSOCIATION CALLS ON VICE PRESIDENT
  • It is Disappointing that even Country’s Top Universities Remain Largely Teaching-Focused with Limited Research and Doctoral Education-Vice President
  • Prime Minister's Office
  • PM calls for
  • Bihar CM calls on PM
  • Delegation meets PM to discuss issues related to Jat Community
  • PM greets the people of Bangladesh, on their Independence Day
  • AYUSH
  • Ayushman Bharat on Doordarshan
  • Election Commission
  • Biennial Election to the Council of States from Kerala.
  • Min of Agriculture
  • Union Agriculture Minister emphasises that the Prime Minister attaches importance to revitalization of the Agriculture Sector through modernization of farming practices
  • Min of Coal
  • Coal Minister Launches Projects Monitoring Portal to Enhance Efficiency, Transparency & Improve Communication Between B2G, G2G & G2B
  • Min of Comm. & Information Technology
  • Consumer Outreach Programme by the Telecom Regulatory Authority of India (TRAI) at Delhi
  • Spectrum Auction Concludes with Over 88% Of Spectrum Offered Provisionally Committed
  • Min of Earth Science
  • Total Eclipse of the Moon on Saturday
  • Ministry of Finance
  • NTPC Ltd. Becomes First PSU to Issue Bonus Debentures;
  • Government of India Releases an Amount of Rs. 805.17 Crore to the Government of Punjab Under National Small Savings Fund (NSSF) and Thereby Released Total Amount of Rs. 2045.16 Crore During the FY 2014-15
  • India Signs Loan Agreement with ADB for $300 Million for Improving Regional Road Connectivity along the North Bengal-North Eastern Region (NER); About 500 Km of Roads to be Constructed under the Program
  • Financial Assistance of Rs. 250 Crore to Andhra Pradesh for Setting up SPV for the Polavaram Irrigation Project
  • Amendment to Exchange Rates of Foreign Currency Notification No. 32/2015 - Customs (N.T.) Dated 19th March, 2015
  • Min of Home Affairs
  • Kiren Rijiju attends Hans Raj College Alumni
  • Holding of additional charge of the post of DG, BPR&D
  • Min of Personnel, Public Grievances & Pensions
  • Massachusetts Institute students call on Dr. Jitendra Singh
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 53.31 per bbl on 25.03.2015
  • Ministry of Railways
  • RWWCO Honouurs 35 Railway Women Employees or their Outstaning Performace
  • Min of Science & Technology
  • National Institute of Immunology (NII) Signs MoUs to Promote Science Education in Colleges
  • Min of Shipping
  • Cabinet Decisions for Shipping Sector Revolutionary, says Nitin Gadkari
  • Min of Textiles
  • 29th India Carpet Expo starts tomorrow

Previous Date

 
Ministry of Finance22-November, 2012 16:44 IST
Reduction in Fiscal Deficit by increased Tax Collection

 

           

            The following steps are being taken by the Ministry to mobilize resources to increase tax collection in order to reduce fiscal deficit:-

(A)                Direct Taxes:

(i)                 Monitoring of Advance Tax payment especially by top taxpayers; Emphasis is also given to monitor Advance tax payers that have to pay Alternate Minimum Tax applicable from the Financial Year;

(ii)               Conducting surveys for detection of concealment of income and for compliance of TDS provisions.  Detection of new areas of violation/avoidance of the provisions of TDS and taking action for proper deduction and deposit of TDS;

(iii)             Organizing training programs for senior management as well as for DDOs (particularly of Government departments and PSUs) to spreading awareness about TDS &TCS provisions;

(iv)             Emphasis on collection out of arrear demand and monitoring of high default cases;

(v)               Detailed strategy for making quality assessment has also been devised;

(vi)             Cross-verification of data collected through Annual Information Return with the return of income and issuance of notices in suitable cases.  Using the data collected through Transaction statements for better quality assessments as well as recovery of demand;

(vii)           Multi-media campaign to encourage voluntary compliance of tax laws.

 

 

(B)                Indirect Taxes:

 

(i)                 To broaden the tax base and limit exemptions, negative list based comprehensive approach to service tax has been introduced with effect from the 1st July, 2012.

(ii)               From 1st of October, 2012, service tax on transport of goods and passengers (in air-conditioned class and first class) by rail has been brought into effect.

(iii)             In addition, other steps including monitoring of revenue, strengthening of anti-evasion and audit mechanism, conduct of targeted audits and search operations, adjudication of pending show cause cum demand notices, realization of arrears, steps to curb undervaluation of import, disposal of confiscated bullion and precious stones, administrative steps like redeployment of human power to service tax field formations which have more potential for augmentation of revenue.

 

             This was stated by the Minister of State for Finance, Shri   Namo Narain Meena in written reply to a question in the Rajya  Sabha today.

 

 

* * *

DSM/RS/bs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


(Release ID :89199)

Web Ratana This site is winner of Platinum Icon for 'Outstanding Web Content' Web Ratna Award'09 presented in April 2010
Site is designed and hosted by National Informatics Centre (NIC),Information is provided and updated by Press Information Bureau
"A" - Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110 001 Phone 23389338
Content Manager : Ms. Ira Joshi, ADG(IT).
Go Top Top

उपयोग संबंधी शर्तें स्वोत्वाधिकार नीति गोपनीयता संबंधी नीति हाइपरलिंकिंग नीति Terms of Use Copyright Policy Privacy Policy Hyperlinking Policy