New Initiative by Income Tax Department to resolve Complaints

Taxpayers facing unfair scrutiny by the Income Tax Department can have facility to get their grievances redressed in a short period of time. They do not need to take the route of courts and follow other mechanisms.

The Finance Ministry through the Central Board of Direct Taxes (CBDT), has asked the Income Tax Department to create “local committees” embracing senior officers in each region, and provide solution of all complaint petitions within two months from the end of month in which complaint received.

Income Tax Department is going to set up these committees across the country from next month.

A taxpayer, who feels unsatisfied by an order of a tax assessment officer or thinks it is irrational, can petition the committee which will be publicised in the media by the respective tax regions, the official said.

You can consult any tax consultant in India. They provide support from company registration to filing e-returns.

IT Department: Better monitoring of Taxpayer Email’s

There is another directive to enhance taxpayer services, the IT department asked its customer care centers to manage the email based complaints efficiently and send them to tax officers.

India’s Finance Minister Arun Jaitely brought out two taxpayer friendly initiatives which envisage the resolution of complaints on email and easy process to get a PAN card.

Aayakar Sampark kendras (ASK) will forward emails to range in-charge who will subsequently send to jurisdictional Assessing Officers (AOs) henceforth.

The region heads will be responsible for monitoring the emails.

The ASKs or the I-T customer care centres, are meant to answer queries related to the status of Permanent Account Number and Tax deduction Account Number applications, procedure of filing of Income Tax and Wealth Tax returns, refund related grievances and for redressal of other general queries over phone calls or email.

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The taxpayer will also get notifications about processing of his requests and he may do further correspondence with the concerned officer.

Finance Minister inaugurated e-sahyog initiative yesterday is aimed at reducing compliance cost.
It will help in matching the difference in returns of taxpayers whose returns have not been selected for scrutiny. Taxpayers do not need to appear before tax authorities.

In the pilot project, 91,000 tax payers have been identified. They will be notified by SMS and email about the mismatch and then they will have to log in to e-filing portal of the tax department to see the mismatch.

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It is very necessary to file e-returns accurately and with in time limit. It is always a good option to consult a tax consultant before filing e-returns. You can save a lot of money in this process. Chartered accountant can assist you in filing e-returns.

Tax Exemptions for Yoga

There’s good news for the Yoga Gurus who carry out their activities via charitable trusts. There are exemptions by the Indian Government on the income generated from the Yoga related activities. We all know that India’s PM Narender Modi has put yoga on the world map; the finance ministry has done something to boost yoga related activities by providing income tax and service tax exemptions. They do not have need to pay service tax of 14 percent. It will boost Yoga promotion activities across the country.

Yoga is very very necessary for the fitness of an individual. It is a great step taken by finance ministry.