Key features of File Validation Utility (FVU) version 3.71 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.
This Return Form is to be used by an individual or a HUF whose total income for the assessment year 2013-14 includes:- (a) Income from Salary / Pension; or (b) Income from House Property; or (c) Income from Capital Gains; or
Candidates in the examination centres in Patna appearing for Intermediate (Integrated Professional Competence) Examination may note that, owing to the rally called by some political party (ies) on 15th May 2013
Excise duty on jaggery powder has been reduced from 12 % to 2 % (without CENVAT) and 6 % (with CENVAT). For this purpose, notification No. 1/2011-CE and 2/2011-CE, both dated 1-3-2011 have been amended by notification No.16 /2013-Central Excise, dated 08-05-2013.
Central Sales tax (Registration and Turnover) Rules 1957, for furnishing of the portion marked ‘original’ of the Declaration Forms ‘C’, ‘E-I’ or ‘E-II’, ‘F’, ‘I’, ‘J’, and ‘H’ respectively, as per the following time schedule for the year 2011-12:-
Doubts have been raised regarding classification of the filters referred to as Disposable Sterilized Dialyzer and Microbarrier: for filtering blood, whether under heading 9018, in tariff item 90189031 which provides for renal dialysis equipment (artificial kidneys, kidney machines and dialysers)
On the other hand, the ld. Senior DR relied on the orders of the lower authorities and contended that theory of gift was having a fundamental flaw in so far as there was absolutely no explanation as to why the alleged donor has given gift to the assessee.
While there are over 17 lakh registered Service Tax assessees in India, only about 7 lakh people file their Service Tax returns. By all means, it is a very disappointing number. Thus, only 40 percent of the registered assessees file their returns (and pay tax).
The details of existing PSIA at Sl.No.30 in Appendix-5 of Handbook of Procedures (Vol – I) as notified in Public Notice No.52 dated 28.3.2013 are amended / corrected to read as under
In exercise of the powers conferred by sub-section (4) of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board has established its Local Office at Patna under the administrative control of its Eastern Regional Office at Kolkata.
