CBDT has released ITR 6 for e-filing or Online filing of Income tax Return to be used by a company, other than a company claiming exemption under section 11 for Assessment year 2013-14 or Financial Year 2012-13. The ITR-6 can be downloaded from the following website :- https://incometaxindiaefiling.gov.in/
The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees. The CBDT vide its earlier notifications had exempted salaried employees having total income upto Rs. 5 lakhs including income from other sources upto Rs. 10,000/- from the requirement […]
This public discussion draft includes proposals for additions and changes to the Commentary on the OECD Model Tax Convention resulting from the work of that subgroup. These proposals have recently been presented to the Working Party for discussion with a view to their possible inclusion in the OECD Model Tax Convention.
Ministry of Finance Constitutes a Forum Chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister for Exchange of Views between Industry Groups and Government on Tax Related Issues or Tax Related Disputes; Forum to Meet Every Wednesday; First Meeting of the Forum on August 7, 2013
An Ordinance to Amend the Securities Laws Promulgated; SEBI would have now Powers to Regulate any Pooling of Funds Under An Investment Contract Involving A Corpus Of Rs.100 Crore Or More, Attach Assets In Case Of Non-Compliance And Chairman SEBI would have Powers to Authorize The Carrying out of Search and Seizure Operations, As Part […]
The Institute of Chartered Accountants of India (ICAI) announced on 16.07.2013 the following results 1) Chartered Accountants Final Examination held in May, 2013. 2) Common Proficiency Test (Paper Pencil Mode) held in June , 2013. Since December1949, the Chartered Accountancy Examination is held twice in a year. The top three rank holders on all India […]
The two day Conference will deliberate on the issues relevant to indirect tax administration, such as Additional Revenue Mobilization (Steps and Implementation), Tax Administration Reforms, Service Tax, Vision for IT Infrastructure for CBEC, Status of GST and Role of CBEC in its implementation and GSTN.
e Payment Module – Process flow: 1. Dealer logs in on the Department’s website https://www.dvat.gov.in 2. Dealer clicks on e-payment option available on the website 3. Dealer selects the type of tax (VAT/CST) for which the payments have to be made
Process flow for offline e-Payment 1. Dealer logs in on the Department’s website http://www.dvat.gov.in 2. Dealer clicks on e-payment option available on the website 3. Dealer selects the type of tax (VAT/CST) for which the payments have to be made
The Reserve Bank of India has imposed monetary penalty on the following 22 banks for violation of its instructions, among other things, on Know Your Customer/Anti Money Laundering. The details are: Monetary Penalty Sl. No. Name of the bank Penalty Amount (in Rs. crore) 1 Andhra Bank 2.50 2 Bank of Baroda 3.00 3 Bank […]
