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Section 254 of the Income-Tax Act, 1961 relates to appeals before the Income Tax Appellate Tribunal (ITAT) by assessees and the tax department. It also deals with the law relating to grant of stay of demand on assessees' petitions. This section was amended w.e.f. June 1, 2001, to provide that where in an appeal filed by the assessee, the Tribunal passes an order granting stay of demand, it shall hear and decide such appeal within 180 days from the date of passing of stay.. Full Article

Return of Income Tax [with/without FBT Return]: 1. Person not required to be audited - 31st July. 2. Person required to be audited - 31st October. Payment of Advance Taxes of Income Tax - Individual/Firms: * 1st Payment of 30% - 15th September. * 2nd Payment of 60% - 15th December. * 3rd Payment of 100% - 15th March. Full Article

the Court direct the department to accept the return Forms which are submitted by the taxpayers, sub­ject to a genuine difficulty. After acceptance of those return Forms, on scrutiny if it is found by the concerned officer that there is no genuine difficulty on the part of the taxpayer in giving the details required in various columns, those Forms may finally be treated as not filed as required, and they will be subject to final decision taken by the concerned officer. .. Full Article

Om Prakash Tewari v. Union of India - Section 139 of the Income-tax Act, 1961, read with rule 12 of the Income-tax Rules, 1962 - Return of income - General - Assessment year 2007-08 - Petitioners, lawyers/advocates, chal­lenged Income-tax (Fourth Amendment) Rules, 2007 which amended rule 12 and introduced new tax return Forms ITR-1 to ITR-8, and contended that Saral 2D Form is easiest way of filing returns which petitioners are using for filing their income-tax returns .. Full Article

The Information Technology Act, 2000 provides for use of Digital Signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically. Certification Agencies are appointed by the office of the Controller of Certification Agencies (CCA) under the provisions of IT Act, 2000. There are a total of seven Certification Agencies authorised by the CCA to issue the Digital Signature Certificates. Full Article

In exercise of the powers conferred by sub-clause (iii) of clause 44 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises every Gazetted Officer of the Government of Bihar, appointed to perform the functions of a Certificate Officer under clause (3) of section 3 of the Bihar and Orissa Public Demands Recovery Act, Full Article