Attached hereunder is a soft copy of the open letter and appeal to FM... you
can send this open letter or personal appeal to the FM Shri Pranab Mukherjee
via email to
[email protected]<http://us.mc01g.mail.yahoo.com/mc/[email protected]>
Please circulate this amongst your circle in a large number....
*A Distressed Taxpayer’s Fervent Appeal To The FM To Resolve The
Unprecedented Return Filing & TDS Crisis!*
Dear Mr. FM,
This open letter addresses to you the deep concern and
predicament of millions of Indian Income-tax payers, who are facing an
almost unprecedented crisis created in India’s tax history.
we think that your department belive that every tax payer
has a Internet facility & they can collect details (ie UTN etc) online as we
(your department) demand through FATVAS (circulars)
The Central Board of Direct Taxes (CBDT) has under its
Circular No. 3 dated 21st May, 2009 directed that the credit for any tax
deducted at source (TDS) or tax collected at source (TCS) claim in the
income-tax return will be allowed only if the taxpayer quotes the relevant
unique transaction number (UTN) for such claim and the said UTN matches with
the UTN in the database of the Income Tax Department.
This announcement from the CBDT, coming nearly two months
after the end of the financial year, more particularly when no system has
still been put in place until date to generate UTNs for crores of TDS/TCS
transactions effected during FY 2008-09, has virtually shocked millions of
salary earners, investors, senior citizens and small business concerns, who
have been rendered absolutely clueless as to when it would be possible to
file their tax returns, seek tax credit and consequential tax refunds.
The further assertion by the CBDT, that such UTNs proposed to
be now generated will be relied upon even for FY 2007-08, threatens to
critically stall the processing of the huge number of pending tax refunds
relating to FY 2007-08. Moreover, Circular No. 2 of even date has made it
mandatory for all deductors to make online payments of TDS/TCS with effect
from 1st June, 2009 and filing of compliance statements and returns only via
the electronic mode, without even taking into consideration several ground
realities and functional aspects involved.
Apart from hurting the taxpayer sentiment, the resulting impact of
the above three announcements will not only severely hamper the issue of
timely refunds due to millions of common taxpayers for FY 2007-08 and FY
2008-09, but also delay the payment of self assessment taxes and TDS in FY
2009-10. Quite ironically, this would be against the very spirit of the
earnest efforts undertaken by your Government through stimulus packages for
boosting the Indian economy.
Our apprehensions are not unwarranted, keeping in view the
fact the National Securities Depository Limited (NSDL), who has been
recently assigned this mammoth task, to generate UTN for every TDS and TCS
transaction in FY 2007-08 and FY 2008-09 (the total number of which would
run into several crores) and further implement the same for FY 2009-10, does
not appear to be even geared up to handle the same.
Infact, even as on date, in response to the search of UTN
on the Tax Information Network (TIN) website of NSDL, the response is “Your
Search - UTN - did not match any files on this site.” Sir, it appears that
the CBDT has attempted to put the cart before the horse, in as much as new
procedural mandates are being sought to be introduced both retrospectively
and prospectively, without adequate notice to taxpayers and even without the
necessary systems in place. While the underlying objective of the new
procedure may be justified, its timing and mode of implementation are
seriously flawed and thus highly questionable. Sir, TDS/TCS constitutes
nearly 65% of the personal income-tax collection of your budget and any
thoughtless tinkering with its systems can only create chaos and turmoil!
Keeping in view the grave hardships and practical
difficulties faced by every common taxpayer (your aam aadmi), we earnestly
request you to revoke the operation of the CBDT directions for FY 2007-08
and FY 2008-09 and further defer the implementation of the new guidelines
for FY 2009-10 until the relevant issues get to be resolved.
Thanking
you in anticipation....
भवदीय,
दीपेश
मेरा स्वप्न "अखंड भारत, समर्थ भारत, प्रभावी भारत"
visit us at www.shivajimaharaj.org
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