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Archive: 03 April 2012

Posts in 03 April 2012

Empanelment with Dena Bank for Concurrent Audit for 2012-13

April 3, 2012 14602 Views 0 comment Print

Applications are invited for web based registration of CA firms for the purpose of preparing a fresh panel of Audit Firms which will be used for selection of suitable Auditors for Appointment as Concurrent Auditors for the year 2012-13.

How to apply online For Obtaining Profession Tax Registration or Enrolment Certificate

April 3, 2012 11304 Views 7 comments Print

a) Log on to the web-site of the Sales Tax Department, Govt. of Maharashtra at www.mahavat.gov.in b) Thereafter on the home page Click e-PT Registrations in e-services link. c Next, e-Registration Information – (information for PTRC or PTEC Registration) page will open. Employer/person should enter/select details such as Name of Applicant, PAN, TAN, Status of applicant and Location. Applicants from Greater Mumbai should select location as Mazgaon

Proforma promtotion to Additional CITs on deputation As CITs

April 3, 2012 1306 Views 0 comment Print

CBDT has Vide Order No. 65 dated 3.4.12 passed in continuation to Order No. 8 of 1012 dated 12.1.2012 the to granted Proforma Promotion the several Additional Commissioner of Income Tax, who are on deputation to ex-cadre posts mentioned against each of them to the grade of Commissioner of Income Tax, CBDT in the Pay Band-4 Rs. 37,400-67,000/- Plus Grade Pay of Rs. 10,000/- w.e.f. 17.1.2012 i.e. the date on which their junior was promoted.

CA CS CWA to pay Service Tax on Accrual Basis if Turnover exceeded Rs. 50 Lakh

April 3, 2012 47163 Views 0 comment Print

In case of individual / partnership firms (including LLPs) whose aggregate value from one or more premises is 50 lakhs or less in previous financial year , the service provider may pay tax on receipt basis upto 50 lakhs taxable value. Beyond 50 lakhs, service tax will have to be paid on the mercantile basis on the basis of issue of invoice.

While dealing with application u/s. 80G(5) CIT cannot act as assessing authority

April 3, 2012 1984 Views 0 comment Print

The Hon’ble Gujarat High Court in the case of N.N. Desai Charitable Trust (supra) while deliberating upon the scope of enquiry for the purpose of granting of recognition u/s.80G of the Act opined that it does not envisage the commissioner to act as an assessing authority because the actual assessment of institution would not ultimately effect the claim for deduction u/s. 80G qua the donors.

Transfers of Hon’ble ITAT Members (March 2012)

April 3, 2012 1210 Views 0 comment Print

Vide Order dated 29.3.2012 passed in Pursuance of the consultations of the collegiums of the Income tax Appellate Tribunal consisting of the President and two senior-most Vice-Presidents, the following Members of the Income Tax Appellate Tribunal have been transferred, in public interest, in the same capacity to the Bench(es) of the Income tax Appellate Tribunal as shown against their names.with effect from the forenoon of 9th April 2012:-

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