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: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD
 
 
« News Headlines »
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…
 File income tax returns in time to carry forward losses
 Missed the deadline to file income tax returns? Here is what you should do
 Who has to report foreign assets in Indian income tax return and how to do it
 How to file income tax return after due date
 Why you should not rely solely on your income tax return filer, chartered accountant when filing ITR

`Jurisdiction-free` tax returns by 2009-10
May, 17th 2008

Central tax return processing centres being set up in five major cities.

Taxpayers who are unable to file returns in the ward in which they are assessed to pay tax will be able to file their returns anywhere in the country from 2009-10, following enhanced computerisation in the income tax department.

A taxpayer's ward is determined on the basis of his or her place of work, business or residence. Every income tax officer has a specific jurisdiction (ward) that is a geographically contiguous area. Returns have to be filed in the specific ward. If a taxpayer's location changes, the department has to be notified of the address change.

This practice is complicated because of the crucial Permanent Account Number (PAN) card without which a return cannot be filed. The tax department has to be separately notified to change the PAN address (even though the number remains the same).

Over 31 million tax returns were filed in 2007-08 and given this volume, tax department officials said it was not possible to scrutinise every single filing to check taxpayer compliance, hence the move to ease locational restrictions.

This will be made possible by the setting up of central tax return processing centres in Delhi, Mumbai, Kolkata, Chennai and Bangalore.

"Filing returns would be jurisdiction-free in the long-run," said Ajai Singh, member, Central Board of Direct Taxes, who is in charge of the department's computerisation drive.

"Once the comprehensive restructuring of the tax administration is complete, taxpayers can file returns from anywhere, check accounts online and may get refunds even in a week after their return is processed. The interface with taxpayers will be minimised to issues like scrutiny and disputes," Singh added.

Tax return filing is partly "jurisdiction-free" for returns filed online (e-returns). Around 2 million e-returns were filed in 2007-08. The number is expected to go up to 5 million in 2008-09, said Singh.

To make anywhere filing of returns possible, the department is setting up a pilot central processing centre at Bangalore to process returns collected from any region. This facility will be linked to a national database. 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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