The question before the Tribunal was whether Service Tax paid on outward transport of goods can be taken credit as input service. The issue is too well known for any detailed elaboration. Straight to what the Tribunal had to say; In a lucid and analytical dissection matching mathematical precision, the Tribunal observed.
As per Income-tax (Ninth Amendment) Rules, 2007 notified vide No.238/2007, Dated 30-08-2007, the following persons are mandatory required to file TDS / TCS returns electronically on quarterly basis: The deductor is an office of Government, or The deductor is a company; or The deductor is a person required to get his accounts audited under section 44AB in the immediately preceding financial year; or
Making things easier for the business process outsourcing (BPO) units, other call centres and the manufacturing sector, the government is likely to amend Section 66 of the Factories Act, 1948 to enable these entities to put women on night shifts, particularly between 7 pm and 6 am, which is otherwise prohibited under the Act.
The government is likely to introduce biometric PAN cards soon to address the problem of duplicate cards. A joint working group in the ministry of finance has given its report after obtaining technical and commercial proposals from leading biometric solutions providers, finance minister P Chidambaram said in the Lok Sabha during Question Hour. “The report is at present under consideration,” the minister said. He said the number of individuals suspected to have duplicate PANs is estimated to be 13,10,127 throughout the country.
