Skip to main content

Tax complaints? First option for redressal is ombudsman

Tax Saving Mutual Funds Online

Current open Infra Bond Application form

AS PER the Oxford English Dictionary, an "ombudsman" is a government official whose job is to examine and report on complaints made by ordinary people about the government or public authorities. In India, the income tax (I-T) authorities have also introduced the concept of an ombudsman with the objective of enabling resolution of complaints relating to public grievances against the I-T department and to facilitate the satisfaction or settlement of such complaints.


Who is an ombudsman: An ombudsman is an individual who is appointed by the Union government. The person previously has worked for Indian government. The ombudsman is independent of the juris ombudsman is independent of the diction of the I-T department.

In addition, the Union government is required to specify the territorial jurisdiction of each ombudsman.

At present, there are 12 locations, including New Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad, where ombudsman offices have been set up. However, the government can approve additional ornament can approve additional locations and appoint an ombudsman for each such location.


When can the ombudsman be approached? Some of the issues for which a complaint can be made to the ombudsman are listed below: Delays in issue of I-T refunds.

No credit of taxes paid, including tax deducted at source (TDS).

Impolite behaviour of tax officials.

Delay in allotment of permanent account number (PAN) card.

Delay in disposal of interest waiver or rectification of applications to name a few. Lack of transparency in identifying cases for scrutiny and non-communica tion of reasons for the same.

Any other administrative matter that could fall under the ambit of the ombudsman.

It is, however, important to note that before you approach an ombudsman, you are required to write a letter to an I-T authority, who is a senior to the person against whom the compliant has been made.

In addition, only if such an authority has rejected the complaint or the complainant does not receive any reply within one month, or, is not satisfied with the reply given to him by such an authority, then, he could approach the ombudsman. The complaint to the ombudsman has to be made within one year from the date the aforementioned period of one month expires. The ombudsman can't address any issues that are being looked into, like an appeal or writ, by any I-T authority or court.

How to file a complaint: In case you have a grievance with the I-T department, you need to file a written/online complaint with the ombudsman, which is duly signed by the individual or his authorised representative. Such com should provide details of the complainant's name, address and PAN card in addition to the name of the office and official against whom the complaint is made, facts and supporting documents and the relief sought from the ombudsman.

Resolution of complaints: The ombudsman considers the com plaints and facilitates the process of settlement.

For cases where no resolution is passed in a month's time of receiving the written complaint, the ombudsman would issue directives to the I-T authorities, which would be a speaking order. If deemed appropriate, a monetary compensation could be ordered by the ombudsman, which cannot exceed Rs 1,000. The decision of the ombudsman is binding on the I-T department and the complainant, subject to other conditions.

It is the duty of the ombudsman to protect the interests of an individual taxpayer's rights. He is also required to identify issues for which the compliance burden has to be broadened. The ombudsman also looks into issues that create problems for taxpayers and report the same to the authority in charge to improve processes.

Taxpayers, therefore, have an avenue for redressal of their grievances and they may make the most of the facility as required.

 

 

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

---------------------------------------------

Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

Popular posts from this blog

Debt Mutual Fund Dividends are Taxable

DDT is deducted when a non-equity fund declares dividends. Equity and balanced fund dividends are tax-free The AMC is correct to deduct the dividend distribution tax (DDT) as it is mandated by tax laws. DDT in mutual funds is deducted every time a non-equity fund declares dividends. Equity fund and balanced fund dividends are tax-free . It is possible that you have invested in a non-equity fund for the first time or have received the dividend under a non-equity fund for the first time. That is why this is the first occasion when you have come across DDT.   The rate at which non-equity schemes deduct DDT has also gone up after the July 2014 budget. This is due to a change in calculation methodology. Earlier, if the fund has to declare a dividend of R 100, it used to make a provision for R 128.3, paying R 28.3 to the taxman and distributing the balance to the investor. This allowed the investor to bear less tax since the effective tax rate was 22.07 per ce...
Read more

Franklin India High Growth Companies Fund

Franklin India High Growth Companies Fund Online One of the key developments that the Street is keenly waiting for is a cut in interest rates by Reserve Bank of India . With demand rising gradually, a rate cut is expected to boost earnings growth for companies. In such a situation, schemes which invest in high growth companies are best suited, especially when seen from a long-term perspective. One such scheme is Franklin India High Growth Companies Fund. Fund managers Anand Radhakrishnan, Roshi Jain and Srikesh Nair strictly follow valuation parameters when it comes to choosing stocks.Valuation parameters, such as enterprise value, price-to-earnings growth ratio, forward price-to-sales ratio and discounted earnings per share, play a critical role in selecting companies for investments. Taking into account these parameters, the fund managers invest in companies which are poised for high growth in their respective sectors. This approach has been in favour of the scheme and it has perform...
Read more

Atal Pension Yojana contribution Tax Benefit for spouse

Contributions to Atal Pension Yojana (APY) are eligible for the same tax benefits as the NPS. This means that the contributions can be claimed under Section 80CCD (1B). The current limit for Section 80CCD (1B) is   Rs   50,000, over and above the   Rs   1.5 lakh limit under Section 80C. Section 80 CCD (1) is a different one, meant to cover employers' contribution towards NPS . You cannot get tax benefit by investing in the name of your spouse under Section 80 CCD . ------------------------------ ----------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in India for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. ...
Read more

Avoid NFOs

  Don't get taken in by the flurry of new fund offers. You will be better off sticking to the tried and tested schemes.   For the past one year, to cash in on the bull run in equities, mutual fund houses have gone on a new fund offer (NFO) overdrive. But experts are unanimous in their advice: avoid NFOs . While past performance is not an indicator of how a fund will fare in the future, it does tell the investor how skilful the fund manager is. This crucial information is missing in an NFO. Not only is there no track record to judge an NFO by, many NFOs are similar to funds that already exist. If the new fund is similar to existing funds, you are better off investing in the latter. Around 67% of the new launches in 2014 were closed-end products. Investing in the NFO of a closed-end fund is doubly risky. In case the fund's performance is lacklustre, a closed-end fund does not allow you to exit. Even though closed-end funds are listed on the stock...
Read more

Mutual Fund Exit Load Changes

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Mutual Fund Exit Load Changes AMCs don't communicate about any change in exit load directly with investors, but do update on their website   The exit load applicable to your investments is the load which existed at the time when you invested in the particular fund. Any subsequent changes in the exit load will not be applicable to your investments.   However, Asset Management Companies ( AMCs ) periodically publish addendums in the newspapers, which state any change in exit loads of specific schemes managed by them. Such changes are also posted on their websites. However, a direct communication to an investor is not made, considering the costs involved in doing so. In their own interests, investors should not only track the performance of the funds they i...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now