tax payers - Page 3

Income Tax Refund for A.Y. 2008-09 may get delayed

Even as income-tax payers grapple with non-acceptance of their returns, it’s surely not a good time to expect refunds. Refunds across the country will be enormously delayed as the software at the new Centralised Processing Centre (CPC) of the I-T department is yet to be rid of bugs. The net result is that processing tax returns [&h...

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Posted Under: Income Tax |

Five easy to follow Security tips for Indian tax payers filing their return online

It’s that time of the year again when you need to file your end of year income tax return, but is the plethora of paperwork bogging you down? The Indian government has just made things easier by launching the facility of filing your income tax returns online. The advantages of filing your income tax returns […]...

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Posted Under: Income Tax |

Income tax department is set to start an online 'judicial reference system'

The income tax department is set to start an online ‘judicial reference system’ in order to streamline thousands of departmental cases being fought in various courts and I-T tribunals across the country. The facility, to be used by I-T department officials initially, will put in place all the cases, petitions and Special Leave...

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Posted Under: Income Tax |

Service Tax – Access to registered premises – Empowerment of Officers thereof

Trade Notice No. 19/2009 13/03/2009

Trade Notice No. 19/2009 Rule 5 A was inserted in the Service Tax Rules, 1994 vide Service Tax (Sixth Amendment) Rules, 2007 (Notification No.45/2007 – ST dated 28.12.2007 refers). Attention is also drawn to the instructions issued by the Board vide F.No.137/26/2007-CX.4 dated 01.01.2008 in this regard...

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Tax Credits Available In the Annual Tax Statement for A.Y. 2008-09

The Income Tax Department (ITD) creates Annual Tax Statement of each taxpayer using their Permanent Account Number (PAN) as identifier. The tax statement contains details of tax paid by the taxpayer himself (self assessment/advance tax) and also details of tax deducted/collected from him during the financial year. ...

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Posted Under: Income Tax |

Income Tax Grievances to Be Registered Online

Tax payers will now be able to lodge their grievances with the taxman at the click of a mouse, with the launch of an online complaint redressal mechanism on the lines of the existing e-filing facility of tax returns. ...

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Posted Under: Income Tax |

Mandatory E-Payment, Practical Issues

From 1st April 2008, payment of tax has been made mandatory for all corporate and firms covered under tax audit. During the first month, many practical issues were faced by depositors. Some of these are discussed below: Only few Banks authorised Only 27 banks are authorised to accept online payments. Persons not having account with [&hell...

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Posted Under: Income Tax |

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