ITR-1 SAHAJ, ITR 2, ITR 3, SUGAM (ITR-4S), ITR-4, ITR 5, ITR-6, ITR-7 in Hindi font for A.Y 2011-12 / Financial Year 2010-11. ITR- SUGAM (ITR-4S) in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-7 in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-6 in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-5 in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-4 in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-3 in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-2 in Hindi for A.Y 2011-12 Financial Year 2010-11 ITR-1 SAHAJ in Hindi for A.Y 2011-12 Financial Year 2010-11
Students appearing for May 2011 Professional Competence Course (PCC), Integrated Professional Competence Course (IPCC) and Final examinations may note that due to unavoidable circumstances, the Palakad Examination Centre has been changed from Government Victoria College, Palakkad to Government Moyan Model Girls Higher Secondary School, Palakkad. The admit card already issued to the students remains unchanged and valid for the new examination centre. Inconvenience caused in the matter is deeply regretted.
Rane Brake Lining Ltd Vs ITO (ITAT Chennai) A perusal of the assessment order clearly shows that the Assessing Officer has not invoked the provisions of sec. 14A. In fact the Assessing Officer has pointed out that the total investment in shares as on 31.03.2003 was Rs. 26,00,31,694/- which included a sum of Rs. 5,28,82,350/- invested during the year. No dividend income has also been admitted during the relevant assessment year. A peRs.rusal of the order of the learned CIT(A) clearly shows that the assessee had put forward the plea that it had surplus and reserves sufficient to cover such investment in purchase of shares.
Assessment dispute: ITAT Chennai ruling on book profit computation, bad debts provision, and disputed tax liabilities under Section 115JB.
1. Why are the forms being Modified – Key Imperatives? Centralized Processing Center’s have been set up all over the country with the primary objective of processing returns on a bulk processing basis instead of case by case Processing. CPC would be the fulcrum of faster processing and world class Taxpayer Services. The automated environment at CPC requires forms to be designed in manner which would double the digitization productivity [ Digitization is conversion of manual return forms to Digitized XML Data which is fed to the Processing Engine for Processing]. Some of the problems noticed in Digitization
State of Tamil Nadu & ANR. Vs. India Cements Ltd. & ANR. -The Supreme Court last week dismissed the appeal of the Tamil Nadu government which denied sales tax benefits to India Cements Ltd. The high court had held that the cement firm was entitled to the benefit of deferral of sales tax as claimed by it under the interest free sales tax deferral scheme.
Circular No. 17/2011 Ministry of Corporate Affairs has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the Companies after considering sections 2, 4, 5, and 81 of the Information Technology Act, 2000 for legal validity of compliances under Companies Act through electronic mode. Section 53 of the Companies Act, 1956 provides service of documents under ‘Certificate of posting’ as one of the accepted mode of service. Whereas the Department of posts has recently discontinued the postal facility under ‘Certificate of posting’ vide their letter dated 23.02.201 1. The Information Technology Act, 2000 also permits service of documents etc., in electronic mode.
Section 53 of the Companies Act, 1956 provides service of documents under ‘Certificate of posting’ as one of the accepted mode of service. Whereas the Department of posts has recently discontinued the postal facility under ‘Certificate of posting’ vide their letter dated 23.02.2011. The Information Technology Act, 2000 also permits service of documents etc., in electronic mode.
RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 – In para 43 of the Union Budget Speech of 2011-12, it has been proposed to liberalise the existing scheme of interest subvention of 1 per cent on housing loans by extending it to housing loan upto Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh from the present limit of Rs.10 lakh and Rs.20 lakh respectively.
It may be noted that initially transactions relating to securitization and reconstruction of financial assets and those relating to mortgage by deposit of title deeds to secure any loan or advances granted by banks and financial institutions, as defined under the SARFAESI Act, are to be registered in the Central Registry. The records maintained by the Central Registry will be available for search by any lender or any other person desirous of dealing with the property. Availability of such records would prevent frauds involving multiple lending against the security of same property as well as fraudulent sale of property without disclosing the security interest over such property. It may be noted that under the provisions of Section 23 of the SARFAESI Act , particulars of any charge creating security interest over property is required to be filed with the Registry within 30 days from the date of creation.
