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: cpt :: list of goods taxed at 4% :: empanelment :: due date for vat payment :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: form 3cd :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT
Direct Tax »
 Deadline For Income Tax Returns Filing Only 12 Days Away. 10 Points
 Income Tax: E-assessment ensures greater efficiency in the taxation system
 10 Points Deadline For Income Tax Returns Filing Only 2 Weeks Away.
 Income tax returns (ITR) filing: A step by step guide to check your ITR status online and offline
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today
 Here are a few last-minute tax saving ideas Not planned taxes yet?
 Confessions of a fake CA exposes lacuna in e-filing of tax return
 Greetings from the income tax department

Resolve taxpayers' rectification cases in 6 months: CBDT to IT
February, 23rd 2016

In yet another step aimed at addressing taxpayers' grievances, CBDT has directed the taxman to mandatorily resolve rectification pleas from assessees within the set six-month deadline.

The Central Board of Direct Taxes (CBDT), the nodal authority for framing policies for the IT department, has also asked tax officials to issue orders in writing in these cases instead of just uploading them to the taxpayers' e-filing account.

The matter pertains to proceedings under Section 154 of the IT Act, which stipulates that when an application for amendment is made by an assessee, deductor or collector with a view to rectifying any mistake in their case records prepared by the Assessing Officer (AO) of the department, it is incumbent on the AO to either allow the amendment or reject the claim after perusal of records within six-months.

A number of taxpayers, deductors and collectors, in cases of Tax Deducted at Source (TDS) category, submit these applications to the AO when they find the assessment or any other proceeding made against them is incorrect.

CBDT, an official said, saw that in many cases, when the issue raised by the taxpayer is found to be correct, the application is not replied to and allowed to lapse.

Now, in its latest order, the Board said,"The time limit of six months is to be strictly followed by the AO while disposing of applications filed by the assessee or deductor or collector under section 154 of the Act."

It added that "supervisory officers should monitor the adherence of prescribed time limit and suitable administrative action may be initiated in cases where failure to adhere to the prescribed timeframe is noticed".

In a separate order on the same issue, CBDT has asked the taxman to pass such rectification orders "in writing" which should be duly served on the taxpayer and not merely uploaded on the electronic portal of the assessee as that was found to be leading to grievances since taxpayers remained unaware of such action.

"The taxpayers remain unaware that their rectification application has been cleared and hence are unable to pursue the matter in cases of appeal or further legal proceedings," a senior official said.

The directives in this regard are the latest set of orders issued by CBDT to address the taxpaying public's complaints after it recently asked IT department to ensure prompt clearance of refunds, a major area of concern for numerous people.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 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