Why Was Katrina Kaif Missing From Salman Khan's Eid Party.

Salman Khan’s recent star-studded Eid party at his Bandra residence saw Jacqueline Fernandez, Dia Mirza, Sonam Kapoor, Randeep Hooda and Daisy Shah, among other stars in attendance.

But Katrina Kaif decided to give it a miss, which was surprising as she had recently attended the Sultan premiere.

According to a report, she was spotted visiting Karan Johar at his Khar residence that evening. Looks like KJo and Kat are bonding big time as they were also spotted attending the Sultan premiere together! Wonder what Ranbir Kapoor might have to say to that?

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No Indirect Tax Recovery During Pendency Of Stay

The central board of excise & customs (CBEC) has directed its field officials not to proceed with the recovery of a “confirmed” demand in relation to indirect taxes if the matter has been stayed, providing significant relief to industry.

A confirmed demand of tax arises when, after examining submissions of a tax payer, an order is issued validating the claim made on the assesse.

The central board of excise & customs circular now makes it clear that no recovery action can be taken if the assesse has taken this recourse after making the due deposit.  

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Read more at: http://economictimes.indiatimes.com/news/economy/finance/no-indirect-tax-recovery-during-pendency-of-stay-cbec-to-officials/articleshow/53071195.cms

Ten Ways The Income Tax Department Can Reform Itself To Get Taxpayer Buy-in ?

Starting income tax data was in the news recently that only 1.2 crore, or 1% of Indians paid income taxes. Check with the tax department revealed that the data was somewhat unrepresentative, as it only considered taxes on salaries. The number of individuals paying taxes is close to 5crore or 4% of the population.

At the same time, the tax department did confirm that the number of individuals claiming to have an income greater that Rs 50 lakh annually is only 150,000 in a country of 120 crore people.

Hence, the tax department’s assertion that there is significant amount of tax evasion in the country may not be incorrect and the so-called hostility with which our tax officials approach taxpayers is somewhat justified. They could argue that if people behaved, they would not have to be so rough.

At the same time, there are constant reports of genuine taxpayers claiming harassment and persecution by tax officials. The tax department many income earners say, starts with the assumption that the taxpayer is in the wrong, deliberately complicates rules, comes after you only because you decided to pay taxes (while ignoring or remaining blissfully unaware of the real tax evaders and doesn’t seem to be getting any better.

 As the Indian economy gets bigger, we invite more foreign investment, and try to expand our tax base, some reforms are needed in the way the tax department does its job. It is one of the few government departments that are in constant touch with citizens. If it continues to operate in an archaic and hostile manner, much of the benefits of policy reforms will never accrue to the economy. Here are ten concrete, doable ideas on what the tax department can do to tax, but with love.

First treat the taxpayer as a customer. The current tax department mentally is to act like police and approach the taxpayer as a criminal unless proved otherwise. It is tough to make people part with their money in any case. The last thing you should do is not be gracious about it. Without the taxpayer, the government can’t function. Seeking the taxpayer as a customer means taking constant feedback, having service benchmarks and presuming guilt.

For more information: You can click At: Tax consultant firms in Delhi