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: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: articles on VAT and GST in India :: TDS :: VAT Audit :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
 
 
« News Headlines »
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government

IT Department to ensure prompt refunds of excess tax deducted at source
January, 28th 2008

Income tax payers in Himachal Pradesh can now expect to get prompt refund of the payment of excess income tax deducted at source.

The new Chief Commissioner for Income Tax Subhash Chander Gupta today admitted that earlier, the tax payers in the state had to wait for long to get the refunds. He asserted that January onwards, prompt action will be taken by the department to clear all the refund payments for the current financial year.

Replying to a question today after joining at Shimla, Gupta said that so far, there are no backlogs for refunds, but all the cases will be cleared soon. There was delay in processing because some offices in HP could not be connected to the Central Computer Terminal in Delhi, where the final processing was planned to be done earlier, said Gupta.

He added that the work to connect various offices to the central terminal in Delhi is in the final stages, and is likely to be completed by March. Thereafter, the processing of cases will be faster, he said.

Gupta highlighted that though the IT department works on the philosophy of trust, but for the enforcement of tax payment, the department relies on external mode of verification rather than troubling tax payers. The Annual Information Return, submitted by banks and various financial institutions, gives detailed information about the transactions based on PAN numbers of assesses. This is used for follow up in cases of evasion, said Gupta.

He pointed out that the other modes of enforcement are inspection, surveys and searches, under various sections of the Income Tax Act. Gupta stated that in Himachal, the incidence of tax evasion does not seem to be high. The cases that are found while random sampling through computers relate to legal dispute over claiming tax exemption under various sections, he revealed.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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