Recently, the Special Investigation Team (SIT) constituted on black money submitted its first report to the Supreme Court wherein indications are that certain changes like disclosure of foreign travel in a year in income tax return have been suggested. Over the past decade, Indians undertaking foreign visits have increased manifold due to holidaying, medical treatment, education […]
TARC in its first report had addressed four terms of reference. These terms of reference related to customer focus, structure and governance, people’s function, dispute management, key internal processes and ICT. This report of the TARC, which is the second report, addresses two important aspects of tax administration, capacity building of the customs department and […]
