Income Tax : The present Rule 55 of the Income Tax Rules, 1962, contain a condition that the Applicant has been practicing before the Income Ta...
Income Tax : WHO CAN REPRESENT FOR & ON BEHALF OF INCOME TAX ASSESSEES? As per Section 288(2) of Income Tax Act, 1961 there are Eight (8) C...
Income Tax : Hitherto, the Lawyers/Advocates are attached to civil courts and are practicing Law before the Judges in Courts of Law by presenti...
Income Tax : After the judgment of the Supreme Court in the case of ACIT vs. Rajesh Jhaveri Stock Brokers (P) Ltd. delivered on 23-5-2007 and r...
Goods and Services Tax : After e-enrolment is made by a registered dealer, the ‘Acknowledgment’ will be made available on the website. The signed copy ...
Finance : The Supreme Court today said that only chartered or cost accountants will be eligible to audit and certify sales tax returns in bi...
Finance, Service Tax : The Delhi High Court held that the renting of immovable property is not a service, and accordingly, the levy of service tax on the...
Goods and Services Tax : No. VAT/ AMD-1008/IB/ ADM-06 Mumbai Dt: 23rd January, 2009 Trade Cir. 3 T of 2009 Sub : Submission of Audit Report for year 2007-0...
The present Rule 55 of the Income Tax Rules, 1962, contain a condition that the Applicant has been practicing before the Income Tax Authorities for not less than one year on the date of application, which has been originally a suffix to the Clause (vii) in a metamorphose form. This has been creating the main hurdle being encountered by the first generation applicants aspiring to be Authorized Income Tax Practitioners.
WHO CAN REPRESENT FOR & ON BEHALF OF INCOME TAX ASSESSEES? As per Section 288(2) of Income Tax Act, 1961 there are Eight (8) Categories of Persons eligible to act as Authorized Representatives for & on behalf of the Income Tax Payers/Assessees, as listed below: 1) The Relative or Employee of the Assessee/Tax Payer [vide […]
Hitherto, the Lawyers/Advocates are attached to civil courts and are practicing Law before the Judges in Courts of Law by presenting, representing or pleading on behalf of their clients/cases. Henceforth, if Lawyers & Advocates (Graduates in Laws) are alone entitled to practice even in Taxation Field (Income Tax, Service Tax, Custom & Central Excise, Sales Tax (VAT), etc.),
After the judgment of the Supreme Court in the case of ACIT vs. Rajesh Jhaveri Stock Brokers (P) Ltd. delivered on 23-5-2007 and reported at (2007) 291 ITR 500 (SC), a large number of actions are being initiated u/s. 147/148 of the Income-tax Act, 1961 (‘the Act’ for short) and often high-pitched Income tax assessments are being made at several places.
The Delhi High Court held that the renting of immovable property is not a service, and accordingly, the levy of service tax on the activity of renting is “ultra vires.” The decision may have significant accounting implications on the entities. The judgment delivered by the Division Bench of the Delhi High Court
No. VAT/ AMD-1008/IB/ ADM-06 Mumbai Dt: 23rd January, 2009 Trade Cir. 3 T of 2009 Sub : Submission of Audit Report for year 2007-08. Ref. : 1. Government Notification No. VAT-1508/C.R. -69/ Taxation-1 dated 10th November, 2008. 2. Trade Circular 39 T of 2008 No. VAT/ AMD-1008/IB/ ADM-06 dated 15th November, 2008. 3. Trade Circular […]
After e-enrolment is made by a registered dealer, the ‘Acknowledgment’ will be made available on the website. The signed copy of the Acknowledgment is required to be furnished in the Department only once. After furnishing such copy, there is no need to furnish the signed acknowledgment of e-return which at present is required to be furnished within 10 days from uploading the return.
The Supreme Court today said that only chartered or cost accountants will be eligible to audit and certify sales tax returns in bid to prevent evasion. The decision would affect the lawyers specialising in Sales Tax laws and former Sales Tax officers who work as sales tax practitioners.
