"07 December 2015" Archive - Page 2

No Rectification u/s 154 for mistake from long drawn process of reasoning

K.S. Venkatesh Vs DCIT (Karnataka High Court)

Karnataka High Court held In the case of K.S. Venkatesh vs. DCIT that The Hon’ble Apex Court in T.S.Balaram Vs Volkart Brothers and others reported in 1971 (82) ITR 50 has observed that a mistake apparent on the record must be obvious and patent mistake and not something...

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Notification No. 24/2015-Central Excise (N.T.), Dated: 07.12.2015

Notification No. 24/2015-Central Excise (N.T.) (07/12/2015)

In exercise of the powers conferred by rule 3 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number 27/2014-Central Excise (N.T.), dated the 16th September, 2014, published in the Gazette of...

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Children with Seat to Pay Full Rail Fares from April, 2016

Ministry of Railways has decided to revise the child fare rule. Under the revised provision, full adult fare will be charged for children of age 5 years and under 12 years of age if for whom berth/seat (in reserved class) is sought at the time of reservation. However, in case berth/seat is not sought for the children of age 5 years and un...

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Posted Under: Income Tax |

EPF : Process for Change in Name and Basic Detail of Members

EPFO has madea provision forchange the name of EPF members in the application software. Members who wish to get their name to be changed in the EPF Database can apply for the same through their employer alongwith supporting documents. In this regard a circular has already been issued to the field offices mentioning the supporting [&hellip...

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Posted Under: Income Tax |

Maharashtra Govt. allows women to work in night shifts

Section 66(1) (b) of the Factories Act 1948 which explicitly prohibits the employment of women in night shift between (7pm to 6am) has been challenged inter-alia, by the women organisations, in the High Court on the ground that it is unconstitutional being violative of Art 14, 15 and 19(1) (g) of the constitution. Since it discriminates w...

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Posted Under: Income Tax |

Wages Limit Chart for Employee Provident Fund from 01.11.1952

The Central Government has amended the ceiling for contributions under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act) and the Employees’ Provident Fund and Miscellaneous Provisions Scheme, 1952 (EPF Scheme) from Rs.  6,500 to Rs. 15,000, with effect from 1 September 2014. The Employees’ P...

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Posted Under: Income Tax |

PF Claims: Employer attestation not required; EPFO simplifies forms

After leaving employment, employees were supposed to get their forms for withdrawals attested through employer as earlier it was only the employer who could identify the worker and his/her details. After launch of UAN, EPFO has started collecting the KYC details such as Aadhaar, PAN, Bank details etc....

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Posted Under: Income Tax |

Excise / Service Tax: Extension of due date for payment & Return Filing in Tamil Nadu

For all Central Excise and Service Tax assessees in the State of Tamil Nadu, the date for payment of Central Excise duty and Service Tax for November 2015 is extended to 20th December 2015 while date of filing of the Central Excise return for November 2015 is extended to 31st December 2015 ...

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Posted Under: Income Tax |

CBDT extends Due date for Payment of TDS/TCS for Tamil Nadu

F.No. 385/26/2015-IT(B) (05/12/2015)

F.No. 385/26/2015-IT(B) Central Board of Direct Taxes hereby extends the due date [under section 200 (1) of the Act] for paying to the credit of the Central Government, tax deducted at source and the due date [under 206C (3)] for paying to the credit of the Central Government, tax collected at source, in respect of deductions or collectio...

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Empanelment of CSa/ CA Firms to carry out special audit u/s 142(2A)

Income Tax Department ,  New Delhi – Delhi Last Date : Dec 21, 2015 Work from qualified chartered accountants /firms of CAs for empanelment to carry out special audit u/s 142(2A) of the I.T.Act 1961.    ...

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Posted Under: Income Tax |