west bengal

OFFICE OF THE CHIEF COMMISSIONER OF INCOME TAX, PUBLIC RELATIONS WING AAYAKAR BHAVAN, P-7, CHOWRINGHEE SQUARE, GROUND FLOOR, KOLKATA – 700 069. No. CCIT/PRO/Advert. & Publicity/CCIT-I/2010-11/ Dated :8.12.2010 To The Director of Income Tax [System]- I, ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 Sir, Sub: Inauguration of Income Tax Office at [...] Full Article

The transaction involves a global acquisition of a banking business by the Purchaser from the Seller. Consequent thereto, all assets and liabilities in India will be acquired by the Purchaser from the Seller. The acquisition of the assets and liabilities in India will either be through: (a) slump sale process, in which the undertaking as a going concern will be transferred by the Seller to the Purchaser for a lump sum consideration, or (b) through a court approved scheme.. Full Article

13. Rectification of mistake or error.- After the issue of directions under rule 10, if nay mistake or error is apparent in such direction, the panel may, suo motu, or on an application from the eligible assessee or the assessing officer, rectify such mistake or error, and also direct the assessing officer to modify the assessment order accordingly.14. Appeal against Assessment Order, - Any appeal against the Assessment Order passed in pursuance of the directions of the .. Full Article

Doctors, lawyers and other professionals —both salaried and self-employed— may now have to pay a higher professional tax. Acceding a long-pending demand of the state governments, the Centre has decided to raise the ceiling on professional tax from Rs 2,500 to Rs 7,500 per annum. The Union Cabinet is expected to take up the proposal on Thursday. Full Article