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

Amendments in Income Tax Rules


The income tax department came up with a new form making it compulsory for salaried taxpayers to provide proof of travel for claiming tax deductions on LTA/LTC.

The new form 12BB needs to be produced before the employers by the employees with evidence in relation to house rent allowance (HRA) if it exceeds more than Rs. 1 Lakh per assessment year.

The required details include name, address, and PAN of landlord where the total rent paid is over Rs. 1 Lakh.

Similarly in the case of tax deduction on LTA/LTC, employee needs to furnish travel expenditure to the employer.

CBDT extended the time limit for depositing TDS on transfer of immovable property from 7 days to 30 days.

Also due date for quarterly TDS returns in Form 24Q, 26Q and 27Q was extended by 15 days. These rules will be applicable from June 1, 2016.

An employee can claim tax deduction of Rs. 1.5 Lakh from the total taxable income if invested/spent in PPF, life insurance schemes, child tuition fee, home loan repayment among others.

Section 80E provides for deduction of interest on loan taken for pursuing higher education.

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