*V. Akilandeswari Versus The Chief Commissioner of Income Tax * Interest u/s 234, 234B, 234C - waiver of interest
Section 80-IB(10) deduction on percentage completion method
Section 80-IB(10) deduction on percentage completion method * *Instruction No. 4/2009, dated 30-6-2009* Under sub-secti
Budget 2009 Highlights
Corporate tax unchanged. v Personal income tax exemption limit for senior citizens raised by Rs 15,000 and for other
Taxation of LLP & Changes related to partnerships
As per Finance bill taxation of LLP will be same as Partnership as the definition of firm includes LLP Sec 2(23)(i). Fu
Waiver of penalty in certain cases for non-filing of return within prescribed time
Date: 4th July, 2009* * * *No. VAT/ AMD-1009/IA/ ADM-06 Trade Cir. 21T of 2009 * * * *Sub : Waiver of penalty
check status of efiling Ack
Now You can check status of efiling Ack. receipt received by Central Processing Centre -Bangalore or Not. For that, 1.
CIT vs. Grasim Industries (Bombay High Court)
U/s 260A, High Court has no power to condone delay S. 260A permits the filing of an appeal to the High Court within 120
SMS BASED SERVICE FOR CHALLAN STATUS
Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Departmen
Market Rate of Gold & Silver as on 31.03.2009
Market Rate of Gold & Silver as on 31.03.2009 for the year 2009-10 Gold Standard 24 Carats at Rs.15,105/- for 10 Gr
XBRL (eXtensible Business Reporting Language)
XBRL (eXtensible Business Reporting Language) is a novel way of electronic communication of business and financial data
loss on purchase and sale of units of mutual fund cannot be treated as loss from speculation business
Units of mutual fund cannot be equated with shares of a company; hence, loss on purchase and sale of units of mutual fu
Levy of Penalty u/s 271(1)(c) of IT Act
The tax laws in this country are so complicated that even a person specializing in this field, including tax administra
E-Filing of ITR - password in acknowledgement
By now, many of you would have filed several tax returns of your clients or your own companies or even your own returns
Scope for rectification of a defective return under section 139(9) of IT Act, 1961
The return of income, if not signed by signatory as contemplated by section 140, would be mistake, defect or omission;
LLP - Taxation
LLP is a new corporate form that enables professional expertise and entrepreneurial initiative to combine, organize and
New Tax Code by Aug 20
The Lok Sabha was informed, on Friday that the new direct tax code will be released for public discussion by August 20.
Income-tax (Ninth Amendment) Rules, 2007
NOTIFICATION No. 238/2007, dated 30-8-2007 In exercise of the powers conferred by section 295 read with sub-section (3)
Modified India income tax slabs "2009 2010"
Modified India income tax slabs "2009 2010" per budget 2009 A detailed table for your ready reference in calculating yo
Sale & Lease back transactions are not a “sham”
The assessee, a State Electricity Board, sold energy saving devices on which 100% depreciation was permitted and took t
compulsory to quote Unique Transaction Number (UTN) From January 2010
Lok Sabha The Government has decided to make it compulsory to quote Unique Transaction Number (UTN) in the Income-tax r
Lok Sabha has passed the Finance Bill for 2009-10
The Lok Sabha has passed the Finance Bill for 2009-10 by a voice vote on Monday, Finance Minister Pranab Mukherjee has
Status of the Service Tax Regn number
There is one web site thru' which we can check the status of the Service Tax Regn number. Note:As u know the Service Ta
Basis for Charging Interest - RBI on Bank Interest
14:12 IST Lok Sabha According to the Reserve Bank of India (RBI) guidelines, banks are required to charge interest rate
Deal with fake Chartered Accountants
The Government has said that it is aware that several unqualified persons are using false registration numbers and issu
Bangalore Income Tax department, Central Processing Center (CPC) Helpline Number
To assist taxpayers, a limited call center service with two agents has been established at ITD-CPC, Bangalore. Taxpayer
Institute of Rural Management, Anand, Gujarat, approved by the Central Government U/s. 35(1) (iii) as research institutions
Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistic
CBDT withdrawn tax exemption and lower tax rates to foreign firms setting up consortia with domestic companies for engineering, procurement and constr
The government has withdrawn tax benefits enjoyed by consortia of foreign and Indian engineering firms undertaking infr
The Eye Research Foundation, Chennai, approved by the Central Government U/s. 35(1)(iii) as research institutions
Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associat
Slab of Auditors fees for inspection of Mutual Funds for the year 2008-09
Board’s right to inspect and investigation The Board may appoint one or more persons as inspecting officer to undertake
New Form 15CA & 15CB relating to remittance of payments to a non-resident or to a foreign company & CA Certificate
Currently, remittances to non-residents are allowed by banks if the person making the remittance furnishes an undertaki
Govt exempts taxable services provided to SEZ
Govt exempts taxable services provided to Special Economic Zone, and received by a developer or units of a Special
Internal auditor can carry tax audit for FY 2008-09
The Council in its 281st meeting held from 3rd to 5th October, 2008 decided that an internal auditor of an assessee, wh
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