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Tax In Media
Banks to Remain Open on Weekend for Collecting Tax
Courtesy : The Economic Times 20 March 2014
Bank branches will remain open all day on March 29, 30 and 31 to facilitate tax collection. March 29 is a Saturday, March 30 is Sunday and March 31 is the last day of the financial year and is a publi...
Advance Tax Disappointing: I-T dept
Courtesy : The Economic Times 19 March 2014
SBI and Bank of Baroda have paid .1,456 crore and .360 crore as advance tax, respectively, for the quarter ended March, reporting nearly flat growth from a year-period. According to income-tax dep...
Indefensible Tax Demand is Treason The taxman is the nation’s ambassador as well
Courtesy : The Economic Times 14 March 2014
Bharti Airtel recently got relief from the Delhi Income Tax Appellate Tribunal (ITAT) in a dispute. In itself, this would not be remarkable, but for the strong language used by the ITAT to castigate t...
Duty Refund Claims Touch . 19k Cr; Impacting Exports
Courtesy : The Economic Times 11 March 2014
The government should expeditiously clear . 19,000 crore of duty refund claims as the mounting arrears are hurting shipments, exporters have demanded. Federation of Indian Export Organisations (FIEO) ...
Norms for Gold Import Tightened
Courtesy : The Economic Times 07 March 2014
The government has tightened norms for Indians bringing gold into the country following a spurt in smuggling and pressure on inward remittances as overseas workers prefer to bring their savings in gol...
New Immigration and Customs Norms for Flyers
Courtesy : The Economic Times 03 March 2014
A new Customs form bearing additional fields for declaration of prohibited and dutiable goods for passengers flying into India has come into effect. Passengers coming to India will have to declare Ind...
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During my 37-year-old career with Income Tax department, I moved from place to place, post to post. For me, every posting was a challenge, and at the same time an opportunity to deliver.

After my retirement as Chairman of Central Board of Direct Taxes, I was invited by various institutions and NGOs to deliver talks on tax matters. While advising taxpayers across sectors, I noticed, our vast salaried class including armed and paramilitary forces, pensioners or senior citizens, NRIs, professionals and small business establishments need the right guidance. Most taxpayers do comply with their tax obligations fully. Yet, they are not somehow relaxed and are burdened with anxieties. A large number of taxpayers are not even aware that getting tax refund on time is a basic right.

In one such meeting, a middle-aged man quizzed me why could not I give tax advice 24X7. For a moment, I had no answer. He then added that I should give tax solutions online so that he does not need to come from a remote place to attend my lecture. I thanked him for his suggestion.

For a while I was restless. Already I had got myself enrolled as a Member of the Bar Council of Delhi and as an Advocate of Delhi High Court Bar Association, thanks to my law degree from the University of Allahabad. Yet, I was not sure how I could help the vast majority of taxpayers who somehow maintain a safe distance from the taxmen. I then tossed the idea of creating a tax think-tank with some of my former colleagues and highly spirited individuals. All of us immediately agreed on one count: millions of Indian taxpayers expect to access tailor-made tax research materials and seek guidance from those who have been parts of the tax machinery for decades.

That is how CTAR was born. So, be a part of our passionate journey to explain tax laws and rules in simpler words. Just drop us a few lines on any query related to direct and indirect tax or FEMA. We are at your assistance. We also look forward to hearing your experiences while dealing with the system.