Government of India has Introduce a new area for collection of Tax at source with effect from 1st June 2013 known as TDS on Transfer of Immovable Property. The intention behind the Introduction of TDS is to put check on Realty Sector and to ensure reporting of sale / purchase of Immovable property which were earlier not reported anywhere or reported at later stage i.e. after the end of the financial year in which actual transaction was taken place.
Solution to problems faced by Salaried Assessees with respect to Income Tax Returns
New President and Vice President of the Institute of Company Secretaries of India (ICSI) for 2014 CS R. Sridharan, a Fellow Member of the Institute has been elected uncontested as PRESIDENT of the Institute of Company Secretaries of India (ICSI) w.e.f 7th February, 2014. CS Vikas Y. Khare also a Fellow Member of the Institute […]
Any person, engaged in the manufacture or production of goods, or a provider of taxable service, who has paid during the financial year 2004-05 or during the financial year preceding the year of filing of application for registration under LTU,
EPFO has taken a revolutionary step in year 2012 by launching its EMPLOYER E- SEVA portal which benefited the employer by way in reducing the hassles of submitting the paper return to EPFO office. The EPFO announced an online withdrawal and transfer provision for employee’s provident fund (EPF) from 1 July 2013, with the aim to settle claims faster.
Consequent upon implementation of the recommendations of 6 th CPC under the CCS (RP) Rules, 2008 pay scale of a post/grade for below HAG level means the Pay Band and Grade Pay specified for that post. Under the CCS (RP) Rules, 2008 a Pay Band may cover Government servants in more than one Grade Pay or posts in the hierarchy. As per Rule 9 of the CCS (Revised Pay) Rules, 2008
The existent automation system of the sales tax department encompasses various functional modules of automation like Registration, Returns, Recovery, Refunds and Assessment etc. Each of the Modules has been developed on the concept of automation of physical processes underlying each of the functionalities. The Department has also established its own web site for an interface with the tax payers and has provided various e services to them.
Vide circular no. SMDRPD/Policy/Cir-37/2001 dated June 28, 2001, stock exchanges had been advised to implement appropriate individual scrip wise price bands in either direction.
The issue is covered against the revenue by the Special Bench decision in Rajeev Sureshbahi Gajwani’s case (supra) and this decision binds this division bench. The theory of differentiation vs discrimination was relevant, relevant if it was, only for the India US tax treaty
These appeals by the Revenue relates to Assessment Year 2001-02. The respondent-assessee, as noticed above, namely, Federal-Mogul Goetze (India) Limited, had filed return of income on 31st October, 2001 declaring „nil‟income after setting for brought forward losses and depreciation.
