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 :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit
 
 
Direct Tax »
 I-T department guidelines for interest waiver in specific cases offer tax relief
 ICDS provisions to prevail over judicial precedents: CBDT
 CBDT forms committee to check absconding I-T dept officers
 Central Board of Direct Taxes asks taxman to make all out efforts to recover arrears
 CBDT to honour honest taxpayers
 Startups in the docks over marked down valuation tax as March 31 nears
 CBDT asks taxman to make all out efforts to recover arrears
 CBDT chief prods taxmen to buck up, meet recovery target
 CBDT to hold review meeting on PMGKY, tax collection on Mar 17
 Monitor tax collection to meet target by Mar 31: CBDT to taxman
 File prosecution cases against shell companies: CBDT to taxmen

Regional tax advisory committee meet
September, 19th 2012

The income taxpayers are faced with a big problem due to mismatch in the income tax (I-T) returns being filed by them. In fact the arrear demand verification gets stalled due to this mismatch, resulting in the delay which further causes lots of troubles before the tax payers. Normally it takes several months for the taxpayers to get the mismatch rectified and there may be thousands of such affected assesses in the Indore region alone.

The issue was raised prominently by the members of the Regional Direct Tax Advisory Committee, which was held here on Monday. Keeping it in view, the committee has decided to open a special window at income tax office here so as to address the issue. The window, once opened, is likely to do its job of resolving the issue within 21 days only.

Talking to ToI, chief commissioner, income tax (Indore region) Surendra Mishra, who had chaired the meeting, said, "The problem of mismatch was taking place due to technical reasons. In absence of required information, there is an anomaly causing mismatch. So, what happens that despite the fact that the assessee has already paid the entire tax to the department, nevertheless the outstanding was reflecting in his account. Hence, we have decided to open a special window to address the problem."

Rajesh Joshi, an advocate who attended the meeting, said, "The returns are processed at central processing centre (CPC), intimations issued by CPC have lots of mistakes, which needs to be rectified.

Principal, Daly College Sumer Singh said, "We need to examine whether a school loses its charitable status if it makes profit and pays tax". Manish Dafria, who is the visiting faculty of IIM (I), said, "A time-bound mechanism may be created in the department for issuance of No TDS certificate."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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