Reimbursement of CST will be made on quarterly basis. The application for claiming reimbursement should be filed within a period 6 months from the completion of the quarter in which the claim has arisen.
As a proof of landing of export consignment in specified market, (i) a self attested copy of import bill of entry filed by importer in specified market or (ii) delivery order issued by port authorities or (iii) arrival notice issued by goods carrier or (iv) tracking report from the goods carrier, evidencing arrival of export cargo to destination Focus Market.
It is hereby notified for general information that the organization Engineers India Limited, New Delhi has been approved by the Central Government for the purpose of clause (a) of sub-section (2)of section 35D of the Income-tax Act 1961 for the period from 8.11.2005 to 7.11.2008.
Notification No. 235 – Income Tax It is hereby notified for general information that the organization Mandke Foundation, Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.2003 in the category of ‘other Institution’, partly engaged in research activities subject to the following conditions, namely
Notification No. 234 – Income Tax It is hereby notified for general information that the organization The Gujarat Cancer Society, Ahmedabad has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.2001 in the category of ‘other
YOU are liable to deduct TDS. By a mistaken understanding, you deduct less TDS than what was required to be deducted. However the deductee pays the correct Income Tax. Can the Department demand the TDS again from you? Logic would say, NO, but logic and tax don’t always go together and you need the Supreme Court to tell you that on the same income, you cannot levy tax twice.
Hope all of you are familiar with efiling of ITR – 1, 2, 3, 4, &5. I have a message for you…. IT people (You may call them Income Tax People or Inefficient Taxman) are not very clear about Circular No. 5 – 2007. I find it very difficult to convince them that their department has enabled efiling and it is also sufficient to submit a verification form in ITR – V, they are blissfully ignorant about their department’s STATE OF THE ART!!!!!!!!!!! Technology in infusion of Information Technology at the service of Taxpayer!
Instruction No. 5 dated 16-7-2007- The Board has also decided that cases where the question of law involved or raised in appeal is/are of a recurring nature to be decided by the Court, should be separately considered on merits without being hindered by the monetary limits. Subject to paragraphs 2 and 3 above, the Instruction No. 979, dated 27-3-2000 clarified subsequently by Instruction No. 985, dated 29-6-2000 and Instruction No. 2/2005, dated 24-10-2005, will continue to govern the decision for filing of departmental appeals.
Tax can be recovered only when it becomes debt due from assessee and it becomes a debt due when notice of demand is served – tax recovery officer cannot file claim against property attached by court : SC
