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Friday, 3 May 2013
Arrear Demands of the Incometax Department Resolving grevances
The Incometax Department had last year, uploaded the arrear demands of the assessees as per the books of accounts of the Incometax Officers.
Their books contained lot of mistakes. Several demands not pertaining to the assessees concerned were uploaded. In several cases huge demands, where the assessee filed returns showing below taxable income or loss were also shown as arrears with some tax effect. In many cases the intimation of the demand were not even despatched or served on the assessees.
The CPC Bangalore started deducting these unverified demands with out giving proper notice to assessees.
Representations to the Incometax Officers were met with the reply that it is not in their realm and the party had to approach CPC Bangalore. CPC Bangalore never replied.
It is in these circumstances, the High Court of Delhi, intervened on a letter from a Chartered Accountant, and issed directions that the refunds should not be adjusted for arrear demands, unless the assessees were issued letters calling for objections.
Based on the directions, the CBDT had earlier issued instructions to the Incometax Officers to settle these grivances at the earliest. However nothing much was done. Now the CBDT had again issued fresh instructions to the field formations to observe this month as grevance settlement month and settle all the grevances. I hope that better sense will prevail and the assessees grevances in this regard will be settled.
In many cases I find that the officers were not trained enough on the technology side and the software,the assessing officers use and software used by the CPC Bangalore, are not compatible and this results in these problems.
I do hope that the department take necessary steps to train the officers and software issues may be cleared at the earliest.
For more information the readers may go through the link as below:
http://www.itatonline.org/info/index.php/resolve-arrear-demand-grievances-in-transparent-manner-cbdt-directive/
Their books contained lot of mistakes. Several demands not pertaining to the assessees concerned were uploaded. In several cases huge demands, where the assessee filed returns showing below taxable income or loss were also shown as arrears with some tax effect. In many cases the intimation of the demand were not even despatched or served on the assessees.
The CPC Bangalore started deducting these unverified demands with out giving proper notice to assessees.
Representations to the Incometax Officers were met with the reply that it is not in their realm and the party had to approach CPC Bangalore. CPC Bangalore never replied.
It is in these circumstances, the High Court of Delhi, intervened on a letter from a Chartered Accountant, and issed directions that the refunds should not be adjusted for arrear demands, unless the assessees were issued letters calling for objections.
Based on the directions, the CBDT had earlier issued instructions to the Incometax Officers to settle these grivances at the earliest. However nothing much was done. Now the CBDT had again issued fresh instructions to the field formations to observe this month as grevance settlement month and settle all the grevances. I hope that better sense will prevail and the assessees grevances in this regard will be settled.
In many cases I find that the officers were not trained enough on the technology side and the software,the assessing officers use and software used by the CPC Bangalore, are not compatible and this results in these problems.
I do hope that the department take necessary steps to train the officers and software issues may be cleared at the earliest.
For more information the readers may go through the link as below:
http://www.itatonline.org/info/index.php/resolve-arrear-demand-grievances-in-transparent-manner-cbdt-directive/
Thursday, 2 May 2013
New Income tax Forms for AY 2013-14 and transfers of Commissioners and Chief Commissioners
The Incometax Department is yet to publish the new forms for filing Incometax Returns. It wants all the Salaried employees to file their retun of Income before the end of June and all other returns before July 30th except tax audit cases.
In the last year the returns were prescribed very late and internet filing enabled also very late. Still many assessees are yet to receive their refunds.
I dont know when the Incometax Department will act in time and announce new returns on 1st April of the new assessment year. May be the Apex Court has to issue an order in this regard?
Similarly the orders of the transfers of the Commissioners and Chief Commissioners are yet to be issued. Only thereafter the orders of transfer of Additional Commissioners and Joint Commissioners will be issued. If these transfers are not issued, all the activity in the department stops and everything is at standstill. I dont know who will bell the cat?
Wednesday, 1 May 2013
Huge and un necessary expansion of the Incometax Department
This is how the Incometax department is going to
expand like anything and create all sorts of hurdle to business. Please curse
or thank the FM for this as you wish.
Cadre Restructure
proposal for Income Tax Department cleared by DOPT (as in Feb 2012 )
Cadre restructuring proposal- Changes
in Gr.A as approved by the Department of Personnel & Training.
SL NO
|
GRADES
|
EXISTING
|
POSTS CLEARED
BY DOE
|
POSTS APPROVED BY DOPT
|
ADDL. POSTS GIVEN
|
1.
|
APPEX (80000)
PRINCIPLE CCIT
|
0
|
29#
|
27*
|
20#(-9)
|
2.
|
HAG+(75500-80000)
ADDL.CCIT
|
0
|
88
|
50
|
50(-38)
|
3.
|
HAG (67000-79000)
CCIT
|
116
|
333
|
150
|
34(-183)
|
4.
|
SAG PB-4(GP-10000)
CIT
|
731
|
602
|
831
|
100(+229)
|
5.
|
NFSG PB-4(GP-8700)
JAG PB-3(GP-7600)
ADDL.CIT/JCIT
|
1253
|
1565
|
1565
|
312(0)
|
6.
|
STS PB-3 (GP-6600)
DCIT
|
1358
|
1601
|
1396
|
36(-207)
|
7.
|
JTS PB-3 (5400)
ACIT
|
734
|
1091
|
1091
|
357(0)
|
8.
|
RESERVES-PB-3
GP 5400-ACIT
|
0
|
760
|
570
|
570(-190)
|
TOTAL
|
4192
|
6069
|
5678
|
1479(-398)
|
Figures in brackets denote number of
posts altered by the DOPT vis-Ã -vis that approved by the DOPT.
*Included posts of Chairman, Members,
CBDT which are to be excluded as per DOPT recommendations.
#Excluding the posts of Chairman and
Members, CBDT.
Cadre-restructuring proposal Gr.B
& C
S No.
|
Post/
Designation
|
Grade/Pay Scale
|
Existing
|
Proposed
|
9
|
ITO Gp-B
|
PB-2, GP Rs. 5400 & Rs. 4800
|
4448
|
6056
|
10
|
Sr. PPS
PPS
Sr. PS
PS
|
PB-3, GP Rs.6600
PB-3, GP Rs.5400
PB-2, GP Rs.4800
PB-2, GP Rs.4600
|
0
0
117
706
|
0
0
450
602
|
823
|
1051
|
|||
11
|
Pr. AO
Sr. AO
AO Gr. II
AO Gr. III
|
PB-3, GP Rs.6600
PB-3, GP Rs.5400
PB-2, GP Rs.4800
PB-2, GP Rs.4600
|
5
0
35
774
|
29
0
421
1049
|
Sub. Total
|
814
|
1499
|
||
12
|
ITI
|
PB-2, GP Rs.4600
|
9094
|
13521
|
13
|
Ex Asstt.(SrTA, OS/ Steno I & II/
DEO)
|
PB-2, GP Rs.4200
|
13867
|
19951
|
14
|
TA/ Steno III
|
PB-2, GP Rs.2400
|
11409
|
15123
|
15
|
Notice Server
|
PB-2, GP Rs.1900
|
2855
|
4088
|
16
|
Group C (Upgraded from GroupD)
|
PB-2, GP Rs.1800
|
7365
|
11138
|
17
|
Reserves (B & C)
|
PB-2, GP Rs.1800
|
nil
|
1125
|
New Changes in the Wealth Tax Law
No wealth-tax on agriculture land :Change in Finance Bill 2013 | SIMPLE TAX INDIA
Please read the above news item.
The Wealth Tax Act had been amended retrospectively from 01-04-1993 by exempting agricultural lands located with in the 8 km limit of municipalities, Corporations etc with the following two conditions:
1. The land should be used for agricultural purposes.
2. The said land should be shown as agricultural in the revenue records of the state Govt.
This is an important piece of information which should be known to all tax professionals.
Please read the above news item.
The Wealth Tax Act had been amended retrospectively from 01-04-1993 by exempting agricultural lands located with in the 8 km limit of municipalities, Corporations etc with the following two conditions:
1. The land should be used for agricultural purposes.
2. The said land should be shown as agricultural in the revenue records of the state Govt.
This is an important piece of information which should be known to all tax professionals.
Goolam Vahanvati: Attorney general or mob lawyer? - Firstpost: Latest and Breaking News from India, World, Business, Politics, Entertainment and Sports
Goolam Vahanvati: Attorney general or mob lawyer? - Firstpost: Latest and Breaking News from India, World, Business, Politics, Entertainment and Sports
See how the top legal man of the Govt works and his ethics. It is very interesting to read and to know.
See how the top legal man of the Govt works and his ethics. It is very interesting to read and to know.
I-T returns may require disclosure of all assets - The Economic Times
I-T returns may require disclosure of all assets - The Economic Times
Please kindly go through the above news item. May be it is putting extra burden on CAs this year. But this will help them in the future whenever any survey or search takes place. It will be easy for assessees to explain away all the assets they have. The clients also will not blame the Chartered Accountants if they do not reveal their assets to them and if later found out they have to face the music from the Incometax Department
Please kindly go through the above news item. May be it is putting extra burden on CAs this year. But this will help them in the future whenever any survey or search takes place. It will be easy for assessees to explain away all the assets they have. The clients also will not blame the Chartered Accountants if they do not reveal their assets to them and if later found out they have to face the music from the Incometax Department
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