| Posted: 10 Jul 2013 08:30 PM PDT As advised by Income Tax Department: TIN will accept TDS/TCS statements only pertaining to Financial Year 2007-08 and onwards. Statements for Financial Years upto 2006-07 will not be accepted at TIN. Acceptance of 'Y' type of correction TDS/TCS statements have been discontinued at TIN... |
| Posted: 10 Jul 2013 08:02 PM PDT ICAI has released the Revised Guidance Note on Tax Audit u/s 44AB of the Income-tax Act, 1961- Revised 2013 Edition on 09th July 2013. The last edition of this Guidance Note was brought out in the year 2005. Thereafter, a number of amendments were made in the Income-tax Act, 1961 which had a great... |
| Posted: 10 Jul 2013 07:54 PM PDT The result of the Chartered Accountants Final Examination held in May, 2013 and Common Proficiency Test (CPT) held in June, 2013 are likely to be declared on Tuesday, the 16th July, 2013around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and... |
| Posted: 10 Jul 2013 06:23 PM PDT Service tax is a subject which has been posing quite a few problems to assessees since its introduction in the year 1994 through Chapter V of Finance Act 1994. Over Rs.131,000 Crores has been collected last year on this count. The service tax law like other tax laws prevalent in the country is not... |
| Posted: 10 Jul 2013 02:04 AM PDT RETURN OF INCOME – CREDIT OF TDS U/S 199 TO AN ASSESSEE WHEN THE TAX DEDUCTED HAS BEEN DEPOSITED WITH REVENUE BY DEDUCTOR – DIRECTION OF HON'BLE DELHI HC IN THE CASE 'COURT ON ITS OWN MOTION Versus UNION OF INDIA & ORS. IN WP(C) 2659/2012 & WP(C)... |
| Posted: 10 Jul 2013 12:45 AM PDT In India, a no. of families have their relatives living abroad who have gone either for earning livelihood or otherwise, always have intension to send/ remit the money in India for starting any business or to put their money in some projects. |
| Posted: 09 Jul 2013 10:05 PM PDT Payment of Membership Fee and Certificate of Practice Fee for the year 2013 -14 Fee circular for Payment of Membership Fee and Certificate of Practice Fee has already been sent to all the members of the Institute with request to remit applicable amount of Membership Fee and COP Fee so as to reach... |
| Posted: 09 Jul 2013 06:45 PM PDT PUBLIC NOTICE No. 19 (RE 2013)/2009-14 , NEW DELHI, DATED: 10th July, 2013 Subject: Amendments in the Reward/Incentive Schemes of Chapter 3 of Foreign Trade Policy 2009-14 – Appendix 37D of Handbook of Procedure (Vol. I). In exercise of powers conferred under paragraph 2.4 of the... |
| Posted: 08 Jul 2013 07:11 PM PDT DEPARTMENT OF TRADE AND TAXES (VAT AUDIT BRANCH) 12TH FLOOR, VYAPAR BHAWAN, IP ESTATE, NEW DELHI No.VAT AUDIT/HQ/2013-14/ .2601-2608 , Dated: 09.07.2013 CIRCULAR This is in continuation of circular No.VAT Audit/HQ/2013-14/2406-2413 dated 02-07-2013 vide which it was clarified that the audit of... |
| Posted: 08 Jul 2013 06:43 PM PDT Public Notice No. 17 (RE: 2013)/2009-2014 New Delhi : Dated 9th July, 2013 In exercise of the powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and paragraph 1.1 of Handbook of Procedure (Vol. I) the Directorate General of Foreign Trade hereby notifies a new SION A-3643... |
| Posted: 08 Jul 2013 06:41 PM PDT SION A-1442 has been revised to add (i) two new inputs and (ii) reduce the quantity of two existing inputs. The name of the export product has been widened from "Ortho Tertiary Butyl Cyclohexyl Acetate" to "Ortho Tertiary Butyl Cyclohexyl Acetate and or Ortho Tertiary Butyl Cyclohexyl Acetate... |
| Posted: 08 Jul 2013 11:43 AM PDT The consolidated FDI policy circular issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, effective from April 05, 2013, states that FII investments in Security Receipts issued by Asset Reconstruction Companies should be within the FII limit on corporate... |
| Posted: 08 Jul 2013 01:35 AM PDT Notification No. 34/2013 – Customs New Delhi, the 8th July, 2013 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby... |
| Posted: 07 Jul 2013 07:40 PM PDT In consultation with RBI and in view of the recent turbulent phase of extreme volatility in USD-INR exchange rate, it has been decided to curtail position limits and increase margin requirements for Currency Derivatives as follows: a. Margins: Initial and extreme loss margins shall be... |
| Posted: 07 Jul 2013 06:56 PM PDT As per the extant guidelines, non-banking financial companies (NBFCs) are allowed to avail of ECB under approval route from multilateral financial institutions, reputable regional financial institutions, official export credit agencies and international banks with minimum average maturity of 5... |
| Posted: 05 Jul 2013 01:56 AM PDT NOTIFICATION No. 52/2013 DATED 5-7-2013 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Gujarat State AIDS Control Society, a body constituted by the Government... |
| Posted: 05 Jul 2013 12:54 AM PDT NOTIFICATION NO. 17/2013-Cus.,(ADD), Dated: July 5, 2013 Whereas, the designated authority vide notification No. 15/1/2013-DGAD, dated the 30 th April, 2013, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 30 th April, 2013, had initiated review, in terms of... |
| Posted: 05 Jul 2013 12:52 AM PDT NOTIFICATION NO 16/2013-Cus.,(ADD), Dated: July 5, 2013 Whereas, the designated authority vide notification No. 15/1/2013-DGAD, dated the 30 th April, 2013, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 30 th April, 2013, had initiated review, in terms of... |
| Posted: 04 Jul 2013 07:18 PM PDT The process of offline payment of tax, interest and penalty or any other amount due under the Act. The challan will be filled up on the department's website (http://www.dvat.gov.in) both for physical/offline and epayment/online . For physical payment/offline payment, the dealer will present the... |
| Posted: 04 Jul 2013 07:15 PM PDT Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1) read with sub-section (2) and (3) of Section 70 and sub-section (2) of Section 59 of Delhi Value Added Tax Act, 2004, do hereby notify the revised Form DP-1, which is annexed with this... |
| Posted: 04 Jul 2013 01:39 AM PDT GOVERNMENT OF INDIA Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Bangladesh- Amendment in Notification No. GSR 758(E), Dated 8-9-1992 MINISTRY OF FINANCE ( DEPARTMENT OF REVENUE ) NOTIFICATION No. 50/2013 DATED 04/07/2013... |
RECENT INCOME TAX CASE LAWS IN INDIA
We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.
Fw: TaxGuru : “TIn to accept TDS/TCS statements pertaining to F.Y. 2007-08 & onwards only” plus 20 more
Posted by kanoisandeep | Thursday, July 11, 2013UPDATES FROM TAXGURU