Related News

A colossal rocket stands ready on its launch pad, bathed in the dramatic light of an intense solar storm and vibrant auroras. CAPE CANAVERAL: Intense solar storms responsible for breathtaking

Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle

Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Cisco reported better-than-expected profit and

Advanced Micro Devices‘ CEO Lisa Su shut down concerns over Big Tech’s elevated spending during an interview with CNBC’s “Squawk Box” on Wednesday and said investing in more computing will

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images

It’s become nearly impossible for people to tell the difference between music generated by artificial intelligence and that created by humans, according to a survey released Wednesday. The polling firm

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Consolidate reforms, focus on key ops, FM Nirmala Sitharaman tells CBDT

Word Count: 627 | Estimated Reading Time: 4 minutes


Consolidate reforms, focus on key ops, FM Nirmala Sitharaman tells CBDT
Consolidate reforms, focus on key ops, FM Nirmala Sitharaman tells CBDT

NEW DELHI: The income tax department and the revenue department must consolidate reforms and focus on key operational priorities in the areas identified in June this year, finance minister Nirmala Sitharaman said on Thursday.“I would want the CBDT and the department of revenue to continue focussed work on the areas identified in June 2025,” Sitharaman said at 166th Income Tax Day celebrations. FM recalled the five areas that included accelerating the disposal of disputed tax demands pending before the faceless appellate authorities and ensure timely resolution of litigation backlog. It also includes identifying and withdrawing departmental appeals falling below the revised monetary threshold announced during the 2024-25 Budget within the next three months.“I would want these cleared within the next three months,” said Sitharaman, adding that this was identified among the key focus areas during the principal chief commissioners meeting in June 2025. Among the other key areas, it was also agreed to ensure timely processing of tax refunds and proactive and timely resolution of taxpayer grievance, analyse the grievances and devise strategies not only to resolve the existing pendency but also to address the challenges that are causing the grievances. The fifth area was to undertake region wise performance reviews to help identify factors affecting performance and streamline operations through indicators such as grievance disposal and orders giving effect (OGE).“The delay in giving OGE (orders giving effect) issuance is not explainable,” Sitharaman said and urged the department to accelerate the process of issuing OGEs. FM also said the CBDT must focus on developing its technological capabilities to ensure more effective management of systems and IT related issues.





Source link

Most Popular Articles