Wednesday, 18 May 2016

Tax grievances: Income Tax department to ensure ‘E-nivaran’


The income tax department has launched a special electronic grievance redressal system called ‘e-nivaran’ in order to fast track taxpayer grievances and ensure early resolution of their complaints.

A separate and dedicated window for grievance redressal has been launched recently in the has been launched recently has been launched recently in the income tax business application (TBA), the new smart electronic platform for the regular operations of the department.

The facility is called ‘e-nivaran’ (electronic solution and acts to integrate all online and physical complaints gathered by the department at this platform which will be monitored by the Assessing officer of the case upto the supervisory officers in a paperless environment.

The new system is called unified grievance management system and is acronymed ‘e-niravan’ The system not only records the origin of the grievance on the electronic platform it works on but it also keeps tracking it till it reaches its logical conclusion for final resolution “a-senior IT official said.


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Wednesday, 4 May 2016

No Official Estimation of Money sent to Foreign Countries by Indian Persons


There is no estimation of the amount of money that has been sent to the foreign countries by Indian persons said by government today.

The money sent by Indian persons to foreign countries is subject matter of investigation and requires follow-up actions by the relevant law enforcement agencies such as Income tax Department, CBI etc, which is going on.
“The economists from Bank of Itlay estimated that Indian share in black money stashed in tax heavens across the world is at $152-181 billion. These economists have reportedly analysed data from IMF and the Bank of International Settlement (BIS) and applied certain assumptions to arrive at the estimation. The same economists have reportedly estimated Indian share in black black assets at $4-5 billion with the new set of assumptions”, Mr. Sinha said .

These estimations have put a red flag that these estimations have to be considered with great care and in no way can represent firm data,” Mr. Sinha said.

Ruchi Anand and Associates are Tax Consultant in India.