"April, 2013" Archive

Download Finance Bill 2013-14 passed by Lok Sabha on 30.04.2012

The Finance Bill 2013 has been passed by the Lok Sabha today (30.04.2013) after incorporating  12 minor amendments. THE MINISTER OF FINANCE (SHRI P. CHIDAMBARAM) Moving the motion for consideration of the Bill said: Post the Budget presentation and post the Finance Bill introduction, we had discussions with stakeholders, Members of Parli...

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Posted Under: Income Tax |

CBDT Clarifications on Functional Profile of Development Centres engaged in Contract R&D Services with insignificant risk

CA Kamal Garg TRANSFER PRICING: CBDT Clarifications on Functional Profile of Development Centres engaged in Contract R&D Services with insignificant risk – conditions relevant to identify such Development Centres...

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Posted Under: Income Tax |

TDS – New File Validation Utility (FVU) version 2.133 – Key features / Download

Import of challan file (.csi file): Import of challan file downloaded from the TIN website (Challan Status Inquiry) has been made mandatory at the time of validating the quarterly TDS/TCS statement, if the TDS/TCS is deposited through challan. This will be applicable in case of regular statement and for correction statement in the scenari...

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Posted Under: Income Tax |

TDS – New File Validation Utility (FVU) version 3.7 – Key features / Download

Section 80CCG: Section 80CCG has been incorporated for Form no. 24Q Q4. Section code 80CCG is applicable for FY 2012-13 onwards. Section 80CCF: Quoting deduction under section 80CCF has been restricted to FY 2010-11 and 2011-12....

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Posted Under: Income Tax |

Form 24G – Procedure to obtain duplicate copy of Provisional Receipt Number

Services / Form 24G / Procedure to obtain duplicate copy of Provisional Receipt Number In case if Account Office needs duplicate copy of Provisional Receipt Number, AO is required to send request letter to NSDL....

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Posted Under: Income Tax |

Revised Guidelines for filling Form 15CA Online

1. Guidelines for Part A of Form 15CA: a. Remitter: i. Permanent Account Number (PAN) and Tax Deduction and collection Account Number (TAN) allotted by the Income Tax Department should be mentioned. TAN is mandatory in cases where- General Form 15CA should be used for furnishing information of remittances in e-mode in accordance...

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Posted Under: Income Tax |

New FVU for Form 15CA Bulk upload (version 1.3)

File Validation Utility (FVU) for Form 15CA Bulk upload (version 1.3) released on 07/03/2013 The Form 15CA FVU is a Java based utility. JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 or 1.4.2_03 or 1.4.2_04 or IBM JRE: 1.4.1.0] should be installed on the computer where the Form 15CA FVU is being installed. Java is […]...

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Posted Under: Income Tax |

CA Final & IPCC Examination Dates, Timing, Changes for May 2013

 CA final exams will be started from 2nd May 2013 and ended on 16th May 2013 CA IPCC will be started from 3rd May and ended on 15th May 2013 CA IPCC Exam Date Sheet for May 2013...

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Posted Under: Income Tax |

HC have no jurisdiction on consumer commission orders – SC

Cicily Kallarackal Vs Vehicle Factory (Supreme Court of India)

The basic issue has been raised in the petitions that the Kerala High Court did not have jurisdiction to entertain the writ petition against the judgment and order passed by the National Consumer Disputes Redressal Commission (hereinafter called 'the Commission'). The said order could be challenged only before this Court in view of the p...

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Transfer Pricing – Important principles on turnover filter & comparison explained

Capgemini India Private Limited Vs. Asstt. Commissioner of Income tax (ITAT Mumbai)

. Facts in brief are that the assessee during the assessment year 2007- 08 had provided software programming services to the parent company in the US for which the assessee had received a sum of Rs.5,39,40,81,065/-. Since the assessee had entered into an international transaction with an associate enterprise, the income arising from such...

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