Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: articles on VAT and GST in India :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: cpt :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: form 3cd :: VAT Audit
 
 
Direct Tax »
 Tax liability on taxable income: Clarification from CBDT is a must
 Income Tax Returns (ITR) filing for salaried staff, others: Advance tax payment deadline nearing, pay or face penalty
 To avoid extra TDS, give tax-saving proofs
 TDS on Rent under section 194I of Income Tax Act
 New direct taxes code aims for lower rates, wider base
 Towards a new direct tax system
 Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017
 CBDT asks I-T to slap higher tax rate on fraudulently revised ITRs
 CBDT to accept transfer pricing MAP sans riders
 CBDT relaxes norms for MAP & APAs
 CBDT directs I-T Dept to closely examine all revised ITRs filed after demonetisation

Set up local committees for grievances: CBDT to IT officials
November, 20th 2015

To improve tax collection, the CBDT today asked Principal Chief Commissioners of Income Tax to set up local committees to deal with grievances relating to "high pitched and unreasonable" tax assessments.

"...the purpose of the constitution of local committee is to effectively and efficiently deal with genuine grievances of taxpayers and help in supporting an environment where assessment orders are passed in a fair and reasonable manner," the instruction issued by the Central Board of Direct Taxes (CBDT) said.

The order has been issued to check the "tendency" of assessing officers to frame "high pitched and unreasonable assessment orders" resulting in harassment of taxpayers.

Commenting on the instruction, Amit Maheshwari, Partner, Ashok Maheshwary & Associates said the CBDT has "accepted the ground reality" and this order will help the vision at the highest level of tax administration become a reality.

CBDT observed that despite asking field authorities to be fair, objective and rational while framing scrutiny assessment orders, the tendency to unreasonable orders "is still persisting due to which grievances are being raised by the taxpayers.

"Such grievances not only reflect harassment of taxpayers but also lead to generation of unproductive work for the department as well as Appellate Authorities".

The local committees, the CBDT instruction said would aim to deal with the grievance petitions related to "high pitched" scrutiny assessments".

"It shall be the endeavour of the local committee to dispose of each grievance petition within two months from the end of the month in which the grievance petition is received by it".

The committee would consist of three senior members and would be set up various offices of the Chief Commissioners of Income Tax.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

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