Vide Order No. 67 of 2011 dated 16.04.2011 issued by the CBDT, officers in the grade of Additional Commissioner / Additional Director of Income-tax have been promoted to the grade of Commissioner of Income-tax. Promotion from Addl.Commissioner Of Income Tax(Addl.CIT) to Commissioner Of Income Tax (CIT), ORDER NO. 67 OF 2011 Ad.VI
From the desk of Chairman,CBDT S.N. 35/April 15 ,2011. CBDT compliments one & all for their profound sincerity & deep commitment in issuing record number of refunds in the first 14 days of April 2011 & is confident that the remaining refunds would be issued by 20th April 2011. Status of refunds issued from April 1 to 14 2011
At the moment field formations are preparing around 30 statistical/ progress reports. CBDT realizes that substantial time is consumed in preparing these reports. It is, therefore, decided to reduce the number of these reports to two or three. For the same a Committee comprising of officers from Directorates of O&MS, Systems & the Board under the Chairmanship of Mr. Anjani Kumar CCIT (Central) Delhi has been appointed. The Committee would give its report by April 20, 2011.
Direct Taxes Committee of ICAI is compiling the difficulties faced by the assessees in claiming credit of Tax deducted at source. I request you to kindly send the issues, if any, being faced by your goodself or by members or by any assessees of your region/branch in claiming TDS credit. The issues so received will be compiled and considered by the Committee for making appropriate representation to the Central Board of Direct Taxes.
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Bangalore, Chennai, Delhi, Indore and Kolkata, some of the candidates have been allotted examinations centres in other zones of the said cities where the accommodation is available. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular zone of the city opted by them.
Ramesh Babu Rao vs. ACIT (ITAT Mumbai) – Considering the fact that assessee is not a broker or sub-broker and also not having any office establishment and also on the fact that all the shares as available on 0 1.04.2005 were sold mostly by the end of May and few shares at the end of September, assessee has intended to be an investor subsequent to the change in the scheme of tax by the Finance Act 2005. On these facts, we see no reason to interfere with the findings of the CIT(A) in holding that the assessee’s transactions are to be treated as capital gains, short term or long term depending on the period of holding.
We have uploaded below ITR 1- Sahaj, ITR 2, ITR 3, ITR-4, SUGAM (ITR-4S), ITR 5, ITR-6 and ITR-7 in Pdf Format applicable for Assessment year 2011-12 and Financial Year 2010-11. In addition to these we have also uploaded ITR 2, ITR 3, ITR-4 and ITR 5, ITR 6 and ITR 7 in Word Format. We will soon upload all the ITR and acknowledgement in Excel Format also.
A Supreme Court bench has recused itself from hearing cash-strapped retailer Subhiksha’s petition seeking a stay on criminal proceedings initiated against it after a cheque issued to Kotak Mahindra Bank was dishonoured. A bench of justices Markandey Katju and Gyan Sudha Mishra opted out of hearing the plea filed by Subhiksha. “List before another bench to be nominated by the Chief Justice of India,” the bench said.
Section 50(2) of the Maharashtra Value Added Tax Act, 2002 provides for claiming the refund at the end of financial year and does not permit the dealer to carry forward the refund to the next financial year. Considering the difficulties faced by the trade, it was administratively decided to permit such adjustment for the year 2009-10 as per Trade Circular 1ST of 2010 dated 15.04.2010.
Real estate prices in the metropolis, one of the most expensive realty markets in the country, are expected to remain stable in the near future, a top industry official said today. “The real estate prices may remain stable as the new supply is not going to come in the market and construction costs have gone up substantially,” Maharashtra Chamber of Housing Industry (MCHI) President Sunil Mantri told reporters on the sidelines of a property exhibition here.
