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Five Things Indian Government Can do for Start-up Eco-System 27 Aug 2013 | 06:51 pm
In a country struggling with unemployment, entrepreneurship is the bright ray of hope that not only reduces the head count of job seekers but also increases the list of job providers as entrepreneurs ...
TDS on sale of Immovable Property (Sec 194IA) – Detailed Overview 27 Aug 2013 | 02:15 pm
Insertion of Section:- Vide BUDGET 2013, read with Notification No.39/2013 dated 31st May, 2013, a new Section 194-IA was inserted to Income Tax Act, 1961 to avoid tax evasion and collection of Capit...
Face jail and pay fine, if you have not filed income tax returns 17 Aug 2013 | 05:19 pm
Face jail and pay fine, if you have not filed income tax returns Those defaulting in filing income tax returns are liable to prosecution, the I-T department has said. If the tax evaded exceeds Rs 25...
If no service is rendered by service provider, there is no requirement to file ST-3 Returns 17 Aug 2013 | 04:50 pm
If no service is rendered by service provider, there is no requirement to file ST-3 Returns [2013] 35 taxmann.com 360 (Kolkata – CESTAT) CESTAT, KOLKATA BENCH, Suchak Marketing (P.) Ltd. v. Commiss...
Income Tax Department Amends Form 15CB & Form 15CA 16 Aug 2013 | 05:37 pm
Income Tax Department Amends Form 15CB & Form 15CA In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Bo...
Companies Bill 2012- Passed by Rajya Sabha is now just one step from reality 9 Aug 2013 | 11:22 am
Companies Bill 2012- Passed by Rajya Sabha is now just one step from reality After the multi-brand retail FDI and Banking bill, we finally have the big bang economic reform: Companies bill. It appear...
CBDT lays down criteria for manual selection of case for scrutiny assessment for FY 2013-14 8 Aug 2013 | 11:32 am
CBDT lays down criteria for manual selection of case for scrutiny assessment for FY 2013-14 PROCEDURE AND CRITERIA FOR SELECTION OF SCRUTINY CASES UNDER COMPULSORY MANUAL SELECTION OF RETURNS DURING....
Last date for filing income tax returns extended to August 5 31 Jul 2013 | 02:37 pm
The government on Wednesday extended the last date for filing of income tax returns by five days to August 5. The due date, which was today, has been extended in wake of “unprecedented surge” in numb...
Prepayment charges for closure of loan account which was taken for acquisition of property are allowable under section 24(b) 27 Jul 2013 | 04:04 pm
In the instant case during the assessment, the AO disallowed the assessee’s claim for deduction of prepayment charges on closure of housing loan. Further, the CIT (A) upheld the disallowance. Aggrieve...
If tax deducted at source on salary payable outside India is paid before due date for filing return, amount cannot be disallowed under section 40(a)(i... 27 Jul 2013 | 09:10 am
If tax deducted at source on salary payable outside India is paid before due date for filing return, amount cannot be disallowed under section 40(a)(iii) ■■■ [2013] 35 taxmann.com 343 (Delhi – Trib....
