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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: form 3cd :: list of goods taxed at 4% :: cpt
 
 
Direct Tax »
 I-T department asks taxpayers to update their information on e-filing portal
 Companies may have to submit income estimates by 15 November
 CBDT proposal on advance estimates of tax liability irks industry
 Advance tax calculation: Firms may have to furnish Apr-Sept income estimates
 Companies may have to furnish Apr-Sept income estimates to I-T dept
 CBDT working on a draft rule that makes it compulsory for companies to provide income estimates by Nov 15
 Companies, HNIs may soon have to specify reason for paying less advance tax than previous year
 TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
 CBEC tells field officers to take GST disputes to Supreme Court
 Jurisdiction-free income-tax assessment on the cards
 CBDT asks I-T department to take urgent steps

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 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