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

Rs 14,000 Crore worth of tax free bonds coming soon from NHAI , PFC

  NHAI, PFC file prospectuses, coupon rate not yet decided MORE debt investment options have opened up for investors with AAA rated tax-free bonds worth over Rs 14,000 crore lined up. The National Highway Authority of India ( NHAI ) and Power Finance Corporation ( PFC ) are offering Rs 10,000 crore and Rs 4,033.13 crore worth of tax-free bonds, respectively, as per prospectuses filed with the Securities and Exchange Board of India (Sebi). Of a Rs 5,000 crore issue by PFC, Rs 966.87 crore has already been raised through private placement on September 28 and November 1. Tax-free bonds give investors tax-free return on any amount invested. In another kind of bonds, the long-term infrastructure bonds, investments up to Rs 20,000 are tax exempt, that is this cap amount can be deducted from the taxable income. Accordingly, the NHAI prospectus has clarified that only the amount of interest from -and not the actual investment on -its new bonds will be tax-free. "NHAI's publ...
Read more

Change in Fund Manager for some of HSBC Mutual Fund Schemes

Buy Gold Mutual Funds Invest Mutual Funds Online Download Mutual Fund Application Forms Call 0 94 8300 8300 (India) However, this facility is only available to Unit holders who have been assigned a folio number by the AMC.   HSBC Mutual Fund has announced that the below mentioned schemes shall be managed by the new fund managers as stated in the table. The effective date will be July 02, 2012.   Amaresh Mishra 's will be Vice President and Assistant Fund Manager. Having done a Post graduate diploma in Business Management and Bachelor of Chemical Engineering, he has over seven years of experience in Equities and Sales.   Mr. Piyush Harlalka's designation shall be Vice President- Fixed Income. Qualified as a C.A., C.S. and holding M.B.A.( Finance degree), he has over six years of experience in Fund management and ...
Read more

How EEE and EET Tax affect Retirement Investments

  An important factor while choosing a financial product is its taxation , and for retirement savings, this is even more important as the sums involved are usually life-long savings. Here's a look at the current tax treatment of three major long-term retirement planning products, which are - Employees' Provident Fund (EPF), Public Provident Fund (PPF) and National Pension System (NPS). EPF The tax treatment is EEE, which means your money is exempt from taxes at the time of investment, accumulation and withdrawal. At the time of investment, the tax deduction is under the limit of section 80C of the Income-tax Act , which is currently Rs 1.5 lakh. Partial withdrawals are also tax-free if made after 5 years of continuous service. If withdrawals are made before 5 years of service, 10% tax will be deducted at source. Exceptions have also been provided for transfer of amount and conditions wherein the subscriber is unemployed for more than 2 months or the loss of job was beyond th...
Read more

Personal Finance: You can insure your wedding

But luck may not always be on your side. With the frequency of such attacks, as also other risks and unforeseen accidents growing, a wedding insurance is something you may want to look at if a marriage is being planned in the family. Event insurance plans like this is still in its nascent stages due to low awareness. And given the sacred nature of the ritual, nobody wants to discuss or think negative. But as wedding spends and risks grow, it makes sense to cover the potential monetary loss. The policy in those countries even covers the loss of the wedding ring, the wedding gown not reaching on time and even the expenses/loss due to late or non-appearance of the photographer which may mean staging the event once again for the photograph. In India, most insurance companies — including ICICI Lombard General Insurance, Oriental Insurance, Bajaj Allianz and National Insurance — offer wedding insurance. The policy is tailor made to individual requirements and needs. The sum insur...
Read more

DSP BlackRock MidCap Fund

Best SIP Funds Online   HOW HAS DSP BlackRock Small & Mid Cap Fund PERFORMED? With a 10-year return of 14.61%, the fund has outperformed both the category average (12.34%) and the benchmark (10%) by a good margin. Should you invest in DSP BlackRock Small & Mid Cap Fund? This fund invests predominantly in mid-cap stocks but takes a sizeable exposure in small-caps as well. The focus is on nascent companies with high growth potential. The fund manager places emphasis on quality and avoids inferior businesses even if these look tempting from a valuation perspective. Over the past year, the fund portfolio has grown, having added to some of the underperforming sectors like chemicals and healthcare. Its portfolio churn has come down significantly. The heavily diversified portfolio is run completely agnostic of its benchmark index— most bets are from outside the index—which can at times lead to bouts of underperformance as seen in the recent years....
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