Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: empanelment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd
 
 
« Direct Tax »
 Can we measure demonetisation’s impact on income tax collections?
 CBDT signs 2 more advance pricing pacts
 Income tax returns: How to calculate income from house property
 CBDT proposes new accounting standards for real estate firms
 1 lakh entities face I-T action as ‘clean money’ drive gains pace
 Here are 4 things to know about how CBDT improves ease of doing business by issuing PAN and TAN within 1 day
 Online platforms make tax filing easy, help fill details automatically
 Delhi HC refuses to stay tax case against Young Indian
 CBDT issues draft ICDS on real estate
 CBDT chairman Sushil Chandra gets one-year extensiona
 Income-tax (9th Amendment) Rules, 2017? - Amendment of Income-tax Rules, 1962 - Prescribing form & manner of exercise of option by the domestic company for the purposes of section 115BA of the Income-tax Act, 1961-reg

Makes things easier for the tax payer
November, 06th 2015

There is now an effort being made by the income tax department to reduce the physical interaction between the taxpayers and the authorities. One of the ways in which this is planned is through the issue of communication for assessment for scrutiny through the electronic form by emails. This might seem to be a small thing of moving the assessment details from a physical letter to online but it is an indicator of a big change that can have a big impact on the manner in which taxpayers look at the department and how they feel comfortable handling the situation. Here is a look at what this change will entail and how an individual will benefit from the move.

Easy and quick

The first benefit that a taxpayer will witness when the scrutiny details are called for through the email route is that the process will be completed quickly and without any delay. There are times when the physical notice for the scrutiny often takes a lot of time to reach the individual and this leaves them scrambling to get the required information within the specified time period. When this is done through the email route then the question of wasting of time does not arise. The other benefit that comes along with this is also that there is a direct receipt of the details so it is also harder to miss. The fact that this will delivered in the inbox of the taxpayer means that this can be immediately seen and this will enable them to take quick action on the issue.

Clarity of requirements

Once the physical attendance in the income tax office is not required there is also a side benefit in the form of clarity of details that are required by the tax department. In case of an actual meeting there are a lot of instances wherein the tax officer wants a lot of additional details and documents that might not have been mentioned in the original letter which makes the job tough for the taxpayer. In case of an online response the details have to be clarified up front and this is what will have to be given by the taxpayer. This removes any element of confusion and makes the process easier to implement and hence is something that will benefit the tax payer.

Reduced troubles

There are also a lot of instances wherein the tracking of the details that have been given by the tax payer becomes difficult and this requires repeated visits to the income tax department. There are also cases wherein the matter does not get resolved and keeps dragging on for a long period of time. This can reduce if the online system is handled properly and this will prove to be a big boon for the taxpayer. Many of them are worried about entering the income tax department premises and hence this will also address this worry as they can submit whatever details are required online. This is the crucial part of the whole process. Just sending the notice online calling for details will not be the end of the matter because it is important for the reply process to be completed in a similar manner.

Overall

The manner of implementation of the process will be watched carefully because it has the potential to ensure that one of the biggest worries of the tax payer is addressed effectively. This will also raise the confidence of the taxpayer in the system and make the entire process smooth for them. This will take some time to show results but the direction is appropriate.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions