Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: form 3cd :: due date for vat payment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: empanelment :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT Audit :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

CBDT lays down norms for e-assessments
February, 16th 2016

The Central Board of Direct Taxes (CBDT) has laid down operational guidelines for e-assessments of select non-corporate taxpayers to be undertaken as a pilot in five metros.

It has now specified the format and standards for ensuring secured transmission of electronic communication between the taxpayer and the Income-Tax Department.

The move comes three months after the CBDT announced its intent use ‘electronic mail’-based communication for assessment.

It had then announced that a pilot project would be launched in five “non-corporate charges” at Delhi, Mumbai, Bengaluru, Ahmedabad and Chennai.

Non-corporate charges

Non-corporate charges are those dealing with assessments of individuals, Hindu Undivided Families and partnerships.

Initially, 100 cases would be identified for e-hearing in each of these five regions and a major part of the assessment would be done electronically, the CBDT had then decided. Only cases taken up for scrutiny were to be covered under the pilot.

Commenting on the move, Aseem Chawla, Partner, MPC Legal, a law firm, said: “If this IT-enabled exercise does succeed, it would usher in a new era in taxpayers’ interaction with tax department in making the process, simpler, economical and hassle-free.”

Amit Maheshwari, Partner, Ashok Maheshwary & Associates, a CA firm, said, “The guidelines allay various concerns of the taxpayers on the scheme and once it’s successful would enable quick percolation across the entire tax department and make it a standard practice. One good move is that the communication status would be displayed to the taxpayer in their online account.

“This would prevent missed dates, miscommunications and effective follow-ups.”

Vikas Vasal, Partner –Tax, KPMG in India, said the Centre has clarified the procedural aspects of usage of electronic communication regarding paperless assessment proceedings.

Saving time

“Gradually, the aim is to move most of the communication to the electronic format.

“Once done, it would save time and effort both for the tax payers and the tax department.

“Also, it would bring in more transparency and consistency in tax positions,” he told BusinessLine.

A number of tax simplification measures have been announced by the government recently and more are expected in the forthcoming Union Budget, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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