In case of any request from these unitholders as detailed above for physical copies notwithstanding their registration of email addresses, AMCs shall provide the same without demur.
The CBI found Rs 2.01 crore belonging to arrested Income Tax commissioner Daya Shankar from his chartered accountant’s residence in Lucknow. The CBI also seized Rs 8.5 lakh from Shankar’s Mumbai residence and Rs 4 lakh from his Ghaziabad house. Shanker was arrested on August 29 while accepting Rs 2 lakh from a businessman to reduce his income tax liabilities.
Rolls Royce Singapore Pvt. Ltd. Vs ADIT (Delhi High Court)- It is critical to examine if the agent has carried out work wholly or almost wholly for the other enterprise, to determine if he is an independent agent under the India- Singapore Double Taxation Avoidance Agreement (DTAA). The attribution of profit to the Permanent Establishment (PE) needs to be done on the basis of a Transfer Pricing Analysis.
The assessee has paid both the service tax and interest for delayed payments before issue of show cause notice under the Act. Sub-Sec.(3) of Sec. 73 of the Finance Act, 1994 categorically states, after the payment of service tax and interest is made and the said information is furnished to the authorities, then the authorities shall not serve any notice under Sub-Sec.(1) in respect of the amount so paid. Therefore, authorities have no authority to initiate proceedings for recovery of penalty under Sec. 76 of the Act.
Order No. 155 of 2011 , Dated- 8th September 2011 -The following officers in grade of ACIT/DCIT and JCIT/Addl. CIT are hereby transferred and posted at the post indicated against each in the Directorate of International Taxation and Transfer Pricing with immediate effect and until further orders:-
14 Bills (11 in the Lok Sabha and 3 in the Rajya Sabha) introduced during the Monsoon Session The Lok Sabha passes 13 Bills and the Rajya Sabha passes 09 Bills during the session.
The Reserve Bank of India today released its ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, March 2011’. The publication contains data relating to deposits and credit of scheduled commercial banks including regional rural banks (RRBs) as on March 31, 2011. The data are based on Basic Statistical Return (BSR)-7 received from all scheduled commercial banks (including RRBs).
Last date for submission of hard copy of the Declaration of MEF 2011-12 has been extended upto 15th September, 2011.
All in one Income Tax Calculator for Financial year 2011-2012 and Assessment Year 2012-2013 – The Calculator have the the following features- 1. It calculate taxable Income and prepare Computation of Income. 2. It Prepares Form 16 Automatically 3. It Prepares and Fills Sahaj (ITR-1) Automatically
To Achieve the Target of Direct Tax Revenue Collections of Rs.8.3 Lakh Crore and Direct Tax to GDP Ratio at 7.62 % by 2014-15, CBDT to Continuously Evolve Processes, Procedures Innovative Ways of Taxation Especially Related to Cross Border Taxation: FM
