Arun Jaitley to inaugurate tax conference on Monday

Union Finance Minister Arun Jaitley will inaugurate two-day Annual Conference of Principal Chief Commissioners, Principal Director Generals, Chief Commissioners and Director Generals of Income Tax on July 21.

This would be the 30th Annual Conference of Heads of the Income Tax Department.

The major focus during the two day annual conference would be on the accountability of Assessing Officers, Non-filers Monitoring System, Data Warehousing and Business Intelligence, Role of Directorate of I and CI in Changing Scenario, Search, Seizure and Surveys - Study of Effectiveness among others.

One of the technical sessions will be addressed by Harish Salve, Senior Advocate, Supreme Court of India. Besides it, in this two day annual conference on 21 and 22 July, the Heads of different wings of direct taxes in the country will discuss the strategies for revenue collection, revenue audit, transfer pricing issues in business restructuring involving multinational corporations, international taxation including taxation of composite contracts and arrear management among others.

The valedictory address on July 22, will be made by Nirmala Sitharaman, Minister of State for Finance.

She will also release a Handbook on 'Effective Handling of Cases before Settlement Commission' on that occasion.