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Showing posts from December, 2015

CBDT introduces mandatory e-filing of first appeal

CBDT introduces mandatory e-filing of first appeal i.e. before CIT(A) for persons who are required to file e-returns; E-filing also expected to facilitate fixation of hearing of appeals electronically; E-filing of CIT(A) appeals (alongwith the documents relied upon) expected to “remove human interface, reduce paperwork and decrease the transaction cost for the taxpayer”; CBDT anticipates that this step shall result in fewer deficient appeals as validations will be inbuilt which would ensure consistent and error free service; Current form for filing of CIT(A) appeal i.e. Form No. 35 to be replaced by a new form; CBDT press release states that “The new format for filing of appeals is more structured, objective, systematic, and aligned with the current provisions of the Income-tax Act”; CBDT recognizes this as another significant step in Income tax Department’s endeavour to digitise various functions of the Department for providing efficient taxpayer services and will reduce taxpayers’ c…

CBDT issued clarifications on several issues in order to facilitate the conduct of scrutiny

Update: CBDT has issued Instruction No. 20/2015 dated 29.12.2015 in which it has issued clarifications on several issues in order to facilitate the conduct of scrutiny assessments in cases selected through Computer Aided Scrutiny Selection (‘CASS’). The CBDT has also stated that as far as the returns selected for scrutiny through CASS-2015 are concerned, two type of cases have been selected for scrutiny in the current Financial Year – one is ‘Limited Scrutiny’ and other is Complete Scrutiny’. The assessees concerned have duly been intimated about their cases falling either in ‘Limited Scrutiny’ or ‘Complete Scrutiny’ through notices issued under section 143(2) of the Income-tax Act, 1961 (‘Act’). The procedure for handling ‘Limited Scrutiny’ cases has been explained in detail by the CBDT.Key points:
1.States that the said Instruction is applicable only to cases selected for scrutiny under CASS and only on the parameter(s) of AIR/CIB/26AS data;

2.Indicates that scope of enquiry to be “S…

Pre Budget Memorandum-Indirect Taxes-2016

ICAIPre-BudgetMemoranda2016forIndirectTaxes–KeyPointsRaisedonServiceTax,Cenvat,CentralExcise, Customs&CSTTheKey Points Raised areasunder:-Service Tax1.Introduction of Tax Audit Report under ServiceTax2.Introduction Reconciliation Certification under ServiceTax3.Exempting Employer to EmployeeServices4.WorksContractDefinitiontobeBroughtinParitywithCSTAct5.TradingofGoods to beremovedfromNegativeListasitisnotevenaService6.SeekingClarificationforNonTaxabilityofcharges/ recoveriesforsupplyof electricity bydevelopers7.No Serice tax on Take Away or

Final list of elected candidates from WIRC

So finally, it's final. Here is the list of our new regional council members:

Congratulations!!

Position NAME OF CANDIDATE Votes 1  SAVLA PRITI PARAS- MUMBAI 1681 2  CHITALE SUSHRUT MUKUND- MUMBAI 1681 3  KHANDELWAL PURUSHOTTAM LAL- AHMEDABAD 1681 4  DESAI DRUSHTI RAHUL- MUMBAI 1681 5  ALSHI RAKESH GANPAT- MUMBAI 1681 6  KELKAR ABHIJIT JAYANT- NAGPUR 1681

ITD to quote e mail and Phone Number

Govt directs taxman to quote email, phone number in e-notice In an attempt to bring authenticity to e-mail based communication to taxpayers, the Finance Ministry has asked Income Tax department officials to mandatorily mention their email and official phone numbers in such letters and notices. An official order, accessed by PTI, in this regard was issued by the Ministry sometime back on the directions of Revenue Secretary Hasmukh Adhia. "Henceforth any notice, letter, communication issued by any officer under Department of Revenue, including CBDT, its directorates and field formations to the taxpayers, members of public should invariably contain mention of email address and office phone numbers, of the officers signing such, communications, notice, letters for facilitating tax payers' electronic interface with the department. "All are requested to kindly ensure that the above directions are strictly followed," the order said. A senior official expla…