Tax : CBDT Asks I-T Officials To Set Up Local Committees for Grievances

The Central Board of Direct Taxes (CBDT) asked principal chief commissioners of income-tax to set up local committees to deal with grievances relating to ‘high pitched and unreasonable’ tax assessments. CBDT observed that, despite asking field authorities to be fair, objective and rational while framing scrutiny assessment orders, the tendency to issue unreasonable orders “is still persisting due to which grievances are being raised by the taxpayers.” The local committee would be set up at various offices of the chief commissioners of income-tax and would consist of three senior members. It will endeavour to dispose of each grievance petition within two months.

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Real Estate : Residential Realty Prices May Worsen, Says Study

Bearish sentiment is likely to continue in the residential real estate sector for the next six months and the pricing situation will remain stagnant, or may even worsen, while an uptick in office space rentals will give a boost to commercial realty, says a survey. According to a FICCI-Knight Frank report on sentiment index for July-September 2015 period, the festive season has not dented the bearish sentiment in the residential real estate market. The stakeholder sentiment declined to 59 in Q3FY15-16 from 71 in June-September 2014. According to the survey, nearly 82% of respondents feel that residential prices will remain stagnant or worsen in the coming six months.

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Tax : Twitter Handle, App from I-T Dept.
The income-tax department has launched its official handle on the micro-blogging website, Twitter. The handle “incometaxindia_” is aimed at keeping taxpayers and other users updated. “Follow us to stay updated on the latest taxpayer services,” the first tweet by the department said. It added that users can “get access to online taxpayer services such as filing income tax return, pay taxes, view tax credit, etc. at https://incometaxindiaefiling.gov.in.”
 
The income-tax department is developing a mobile app which can be used by users for filing their tax returns, a top finance ministry official told news agencies. “We are developing a mobile app which can be used by users for filing their income tax returns. There are some security related issues, which we will resolve soon,” Anita Kapoor, chairperson of CBDT, said in New Delhi.
 
Online filing of tax returns has caught up in a big way in recent years. Filings through mobile apps can make it even easier for taxpayers.

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