"24 November 2012" Archive

ID Proofs Compulsory for Train Journey in All Reserved Classes from 1.12.2012

With effect from 01.12.2012, one of the passengers booked on a ticket for undertaking journey in any reserved class will have to produce any one of the prescribed proofs of identity failing which all the passengers will be treated as travelling without ticket and charged accordingly. ...

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Posted Under: Finance |

Online Tracking Facility to Check Corruption in Income Tax Refunds

Instances of alleged corruption for settlement of refund claims and complaints come to notice from time to time. Whenever any such instance or complaints comes to notice, the same is verified and if it is found to be correct, the concerned officers/officials have to face penal consequences depending on the facts and circumstances of the c...

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Posted Under: Finance | ,

IT – Control on count of Tax Audits, No Option to download Final Acknowledgment

Government has put the facility for CAs to upload 3CA, 3CB, 3CD etc. If Govt. makes upload of the same compulsory from AY 2013-14 by making appropriate rules under I T Rules, 1962, then we will be able to track - how many reports are filed with the department in our name? ...

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Posted Under: Finance | ,

Applicability of Service Tax for Software Freelancer

Software is not exempted from Service Tax because it does not appear in the List of Negative Services. Service Tax shall be levied or not is decided on case to case basis depending upon the location of service recipients. If the service recipient is located outside India, Service Tax is not leviable. ...

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Posted Under: Finance | ,

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