- Monday, January 25, 2010, 8:46
- Corporate Law
- 20 views
If you thought getting income tax details of a third person would be an easy task following the recent order of Central Information Commission (CIC), then you are mistaken. In a case filed by Delhi-based chartered accountant R.K. Gupta, the CIC had on December 14 ordered the Income Tax (I-T) Department (Delhi) to allow him inspection of records and give information regarding tax details of Escorts Limited and Dr Naresh Trehan. The commission had asked the I-T department ..
Full Article
- Sunday, December 13, 2009, 9:01
- Income Tax
- 13 views
Amendment of section 90 :-The Finance Bill (No. 2) 2009 proposes to replace the existing Section 90 with a new section 90. The new section 90 is substantially the same as earlier section 90 except that the proposed amendment seeks to empower the Central Government to enter into an agreement with the Government of any country outside India or a specified territory outside India, inter alia, for avoidance of double taxation of income.
Full Article
- Thursday, November 26, 2009, 2:46
- GST
- 27 views
The model legislation for the introduction of goods and services tax (GST) will have a provision for registration of individuals and companies which pay the tax.The registration will be done through a uniform PAN-linked business identification number. The Department of Revenue in the Ministry of Finance had recently sent a proposal to state governments for making the 10-digit permanent account number (PAN) the starting point for registering GST payees.
Full Article
- Saturday, November 21, 2009, 3:46
- Income Tax
- 292 views
The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided User ID and password for authenticated access. Benefit of registration- The access will result in the following benefits to the deductors. View of status of all statements filed;
Full Article
- Tuesday, November 3, 2009, 1:54
- Income Tax
- 1,013 views
A facility to register TAN online is available on the TIN website (www.tin-nsdl. com). The Income Tax Department requires all deductors to register their TANs online. Authenticated access (through user ID and password) will be provided to registered deductors. Registration is free.
An acknowledgment number will be displayed on successful registration. This acknowledgment number is to be kept securely. In future user id / password will be provided to the deductors who ha..
Full Article