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Online commentary on Budget in tax portal

Our Bureau

CALCUTTA, Feb. 21

INCOMETAXINFO.COM, the new comprehensive tax portal which answers taxpayers' queries on various aspects of income-tax online, has decided to provide an online commentary on the Union Budget 2001-2002, soon after the proposals are announced by the Union F inance Minister, Mr Yashwant Sinha, on February 28.

Talking to Business Line, Mr Narayan Jain, director of incometaxinfo.com, said a special feature titled `Budget chat' would also be available on the site, providing answers to questions pertaining to income-tax proposals contained in the Budget and its i mplications.

He said the queries will be addressed by an expert panel comprising Mr S.C. Mishra, former DG (Investigations) of Income Tax, Government of India, Mr N.M. Ranka, President of the All-India Federation of Tax Practitioners, Mr S.R. Wadhwa and Mr Pesi M. Na rielwala, former president of ICAI, besides others.

Stating that the tax portal enjoyed a daily average of more than 20,000 hits, he expected close to a million hits on Budget day.

Besides fielding routine questions on income-tax problems, the site provides information on recent court decisions, Government circulars and notifications, besides an exclusive section for NRIs featuring the full text of all double taxation avoidance agr eements India has entered into with various countries.