Wednesday, 21 March 2018

CBDT invites suggestions from general public on new direct-tax law, issues questionnaire

CBDT invites suggestions and feedback from stakeholders and general public for drafting the new direct tax law; Issues questionnaire covering over 25 questions on broadly six categories, viz. Filing of return of income, Tax credit, Processing / scrutiny of return, Litigation and recovery of disputed tax demand and Penalty & prosecution and the residuary category; Seeks feedback on e-filing of income-tax returns, TDS returns, working of the Centralised Processing Centre (‘CPC’), seeks suggestions for tackling TDS mismatch; Likewise, seeks views on the newly implemented e-assessment process, effectiveness of the Mutual Agreement Procedure (‘MAP’), working of Income tax Appellate Tribunal, Income tax Settlement Commission; Invites suggestions/ feedback by April 2nd.   

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