Income Tax, Wealth Tax and Direct tax Code Related News

FM justifies decision to neutralise impact of SC decision in Vodafone case

Government on Wednesday justified its decision to neutralise the impact of Supreme Court decision in the Vodafone case by amending the Income Tax Act with retrospective effect suggesting it was to prevent outflow of Rs 40,000-Rs 50,000 crore from the exchequer.
Full Article

Cancellation of transfer order of Judicial Member, Chandigarh Benches to Pune Benches of ITAT

In partial modification of this office order of even number dated 11th May, 2012; and upon consultations of the collegium of the Income Tax Appellate Tribunal consisting of the President and two senior-most Vice Presidents, the transfer of Ms. Sushma Chowla, Judicial Member, Chandigarh Benches to Pune Benches is cancelled in public interest. Ms. Sushma Chowla, Judicial Member will continue to function from Chandigarh Benches.
Full Article

Transfer of specified members of ITAT from one Bench(es) to another Bench(es)

ORDER [NO. F-46-AD(AT)2012], DATED 11-5-2012 In pursuance of the consultations of the collegium of the Income Tax Appellate Tribunal consisting of the President and two senior-most Vice Presidents, the following Members of the Income Tax Appellate Tribunal are hereby transferred, in public interest, in the same capacity to the Bench(es) of the Income Tax Appellate Tribunal as shown against their names, with effect from 28th May, 2012: -
Full Article

Which Challan to use for Paying Income Tax Appeal Fees

Corporate Assessee:- In case you have to deposit appellate fees, copying charges or other miscellaneous payments, tick box 0020, thereafter tick box '400 Regular Tax' under 'Type of Payment' and fill up the amount to be paid in 'Others' column under 'Details of Payment'.
Full Article

Use Separate TDS Challan for Separate sections & category of deductee

If I have to deposit fees for filing appeal, what should I do? Corporate Assessee:- In case you have to deposit appellate fees, copying charges or other miscellaneous payments, tick box 0020, thereafter tick box '400 Regular Tax' under 'Type of Payment' and fill up the amount to be paid in 'Others' column under 'Details of Payment'.
Full Article
Tags:

Rajya Sabha passes Finance Bill 2012

Rajya Sabha on 16.05.2012 returned the ‘Finance Bill 2012', as passed by the Lok Sabha without making any amendment to the bill.
Full Article
Tags:

Baba Ramdev’s trust to Pay Tax on manufacture and sale of medicines

Yoga guru Baba Ramdev's trusts have been told they owe the government Rs. 58 crore in taxes against their income, largely from the sale of ayurvedic medicines. The Income Tax Department has calculated the taxes against an income of Rs. 120 crore from commercial activities.
Full Article

Some More Tax Sops As Budget Passed

The Union Budget 2012-13 and the Finance Bill, 2012 has been passed by the Lok Sabha and is likely to be passed by Rajya Sabha this week and then become a statute on President’s assent.
Full Article

Page 2 of 63712345...102030...Last »
Copyright © TaxGuru 2011. All Rights Reserved.
About Us - Advertise - Privacy Policy - Back to top