Tax department amends rules on addresses

Tax department amends rules on addresses

The Central Board of Direct Taxes (CBDT) has issued a notification to track taxpayers, who are not reachable on address available with tax officers through the PAN database.

By this notification, CBDT has amended the relevant income tax rules and now the tax authorities can send notices to such taxpayers at any address which is mentioned and available elsewhere such as banks, post offices, insurance companies, other wings of the income tax department, any other government authority or local authority.

Shailesh Kumar of Nangia &Co said the new rule will not only help the government reach taxpayers, who willfully try to avoid notices, but will also help those honest taxpayers, who inadvertently miss getting their new address updated in income tax records.

The Business Standard, New Delhi, 23rd December 2017

Leave a Reply

Your email address will not be published. Required fields are marked *