| Posted: 19 Jun 2013 09:34 AM PDT For most of the individual income tax assessees, last date for filing of income tax return for the assessment year 2013-14 (financial year 2012-13) is just few weeks away, i.e., 31st July, 2013. |
| Posted: 19 Jun 2013 09:14 AM PDT Chief Commissioner of Income-tax, Mumbai, has ordered transfer and posting of 148 officers in the grade of Assistant/ Deputy Commissioners of Income-tax (Mumbai Region) with immediate effect vide Order No. 1 dated 18.06.2013. Download Order No. 1 dated 18.06.2013 |
| Posted: 18 Jun 2013 09:30 PM PDT Attention is invited to Board's Circular No 22/2012-Cus dated 07.08.2012, whereby 24X7 Customs clearance was made operational on pilot basis with effect from 01.09.2012 at identified Air Cargo Complexes and Sea ports for following item of imports/exports:- |
| Posted: 18 Jun 2013 06:20 PM PDT Notification No. 24 (RE-2013)/2009-2014, New Delhi, Dated the 19th June, 2013 Subject: Amendment in Para 2.38 of Foreign Trade Policy, 2009-2014. S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the... |
Filing Income Tax Returns to be Simpler
Changes In ITR Forms & Return Filing Rules For A.Y. 2013-14
| Posted: 18 Jun 2013 07:09 PM PDT In terms of Section 66B of the Act, service tax will be leviable on all services provided in the taxable territory by a person to another for a consideration other than the services specified in the negative list. Due to Section 66B, the regime of service tax from taxable 119 services to 17... |
| Posted: 18 Jun 2013 06:26 PM PDT Some recent amendments have been introduced by the Income Tax Department for filing Income tax Return by the assessees for the Assessment Year 2013-14. These rules have substituted old Income Tax Return Forms with new Income Tax Return Forms . |
| Posted: 18 Jun 2013 08:58 AM PDT Form 16 becomes quite a topic of discussion in all office campuses during the tax filing season. Though we know that Form 16 is for tax filing, many of us still find it hard to understand the components of Form 16 while filing the return. Understanding Form 16 is the key to better tax planning. |
| Posted: 18 Jun 2013 08:54 AM PDT We all love to give and receive gifts of all kinds. With the holiday season quickly approaching we takes a minute to look at the 'cost' of receiving and giving gifts and the effect it could have on your tax returns. Taxable Gifts On October 1, 2009, the Central Board of Direct Taxes (CBDT) put [...] |
| Posted: 18 Jun 2013 08:48 AM PDT Lot of people misses the deadline every year due to lack of time or plain laziness. Did you miss it too? In case you have, do not worry, you can still file the belated return. As a tax payer, you are likely to fall under one of these 4 categories. The associated rules and implications are outlined... |
| Posted: 18 Jun 2013 07:31 AM PDT Leviability of service tax has undergone a drastic change. From the list of 119 taxable services to a negative list and mega exemption has been introduced. With such a change from positive to negative list there are lots of issue which needs clarification. If no clarification is issued by CBEC it... |
| Posted: 18 Jun 2013 07:28 AM PDT The Service Tax Voluntary Compliance Encouragement Scheme (VCES) has come into effect upon enactment of the Finance Bill 2013 on the 10thMay, 2013. The said scheme provides an opportunity to any person whose service tax is due or has short paid and has not declared in his service tax return to pay... |
| Posted: 18 Jun 2013 06:57 AM PDT List of declared services has been prescribed under section 66E wherein clause (b) includes construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, as a declared service except where the entire... |
| Posted: 17 Jun 2013 07:52 PM PDT Notification No 22 (RE – 2013)/2009-2014 New Delhi, Dated : 18 June, 2013 Subject: Amendment in Notification No 39(RE-2012)/2009-14 dated 25th March, 2013 relating to export of edible oils. S.O.(E) In exercise of the powers conferred by Section 5 of the Foreign Trade (Development &... |
| Posted: 17 Jun 2013 07:49 PM PDT Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year, i.e., till 23.6.2014 or until further orders, whichever is earlier. |
Fw: TaxGuru : “Online Empanelment with Punjab & Sind Bank for Concurrent Audit for CA firms” plus 10 more
Online Empanelment with Punjab & Sind Bank for Concurrent Audit for CA firms
| Posted: 17 Jun 2013 07:51 PM PDT APPLICATION FOR ASSIGNMENT OF CONCURRENT AUDIT FOR CHARTERED ACCOUNTANT FIRM IN PUNJAB & SIND BANK (Only Online Applications will be considered. Applications submitted in other form including Hard copy or through e-mail will not be entertained. Prior to filling up application please go... |
| Posted: 17 Jun 2013 07:34 PM PDT Amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.6/2013-Service Tax, dated the 18th April, 2013 Notification No. 11/2013 – Service Tax, Dated 13th June, 2013 G.S.R. 373(E).- In exercise of the powers conferred by sub-section (1)... |
| Posted: 17 Jun 2013 07:22 PM PDT Railways to Launch Ticket Booking through Non-Internet based Mobile Phones with Effect from 1st July 2013 With an aim to further facilitate the passengers, Indian Railways Catering & Tourism Corporation (IRCTC),a public Sector Undertaking of the Ministry of Railways, will be launching a pilot... |
| Posted: 17 Jun 2013 07:06 PM PDT While our endeavour would be to promote voluntary compliance and provide a hassle-free service to the honest tax payers, we would also need to focus on non-filers and stop-filers in order in order to enhance the tax base and augment tax collection. We aim at achieving a tax regulation regimen in... |
| Posted: 17 Jun 2013 06:48 PM PDT What is VCES? What is the effective date for implementation of the VCES? Who are eligible to apply under VCES? Who are ineligible to apply under VCES? What is the scope of Section 106 (2)(a)(iii) of the Finance Act, 2013? Whether a service provider who is not registered can apply under the VCES? |
| Posted: 17 Jun 2013 06:33 PM PDT In simple words, the assessee who is required to furnish the tax audit report for AY 2013-14 shall submit the tax audit report electronically. The following steps should be followed for filing the tax audit report electronically. |
| Posted: 17 Jun 2013 06:19 PM PDT Section 40(a)(iia) of Income Tax Act, 1961 deals with non compliance of provision of TDS where payment is made to a Resident. Any interest, commission or brokerage, Rent, Royalty, fees for professional services or, fees fir technical services payable to a resident, or amounts payable to a... |
| Posted: 17 Jun 2013 12:24 PM PDT Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity... |
| Posted: 17 Jun 2013 12:15 PM PDT TRAI Reduces National Roaming Tariff Ceilings, Permits Customised Tariffs Through Special Tariff Vouchers for National Roamers and Mandates Free National Roaming Plans TRAI has reduced ceilings for national roaming calls and SMS and instituted a new regime for providing flexibility to telecom... |
| Posted: 17 Jun 2013 11:51 AM PDT The President of India is pleased to appoint Ms. Sudha Sharma, Member, Central Board of Direct Taxes as Chairperson of the Ceuta" Board of Direct Taxes (CBDT) in the Department of Revenue, Ministry of Finance in the pay scale of Rs. 80,000/- (fixed) with the status of Special Secretary to the |
| Posted: 16 Jun 2013 01:19 AM PDT The Mumbai Bench found that short deduction of TDS, if any, could have been considered as liability under the Income-tax Act as due from the assessee. Therefore, the disallowance of the entire expenditure, whose genuineness was not doubted by the assessing officer is not justified. A similar view... |
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