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The Department of Posts (DoP) has launched the mobile-based money transfer service by Post Offices for quicker transfer of money from one city to another. Launching the service, the Union Minister of State for Communications, Information Technology and Home, Mr Gurudas Kamat, said the aim of launching this service was to help those who were unable to avail banking services. The service will be operated by DoP with technological support from BSNL. Full Article

The assessee made payments to a foreign company for purchase of ‘shrink-wrapped’/ready-made software without deduction of tax at source u/s 195 (1). The AO held that the payments were chargeable to tax in the hands of the foreign company as “royalty” u/s 9 (1) (vi) and that the assessee was liable u/s 201 for non-deduction of tax and interest thereon. Full Article

Here are some Email Rules which we should follow in our day-to-day email communications; office or personal. We call them ‘Email Etiquettes’. 1. Indent: Keep your mail in Left Indent format. This is the American style and currently being followed. Full Article

starting from April 1, 2008, the deductors of TDS are not required to give TDS certificates to the recipients of income or payment in respect of which tax has been deducted. It is one thing to abolish the requirement to attach TDS certificates with the returns filed by the taxpayers but quite another to abolish the very requirement of furnishing TDS certificates to the recipients of income because it can cause considerable inconvenience to them. Full Article