Friendsar

E filing of Audit report has been made mandatory for assessees from assessment year 2013-14. CBDT has notified Income-tax (3rd Amendment) Rules, 2013 vide NOTIFICATION NO. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013.Under these rules ,various rules regarding Income tax return for assessment year has been amended. This will be…[Read more]

Important – TDS Returns for 4th Quarter (2012-13) 

The undisputed fact is that the property in question is an I.T. Park, with all infrastructure facilities and services. This is not a simple building. The Ministry of Commerce and Industries, notifies certain building as I.T. Park only if various facilities and infrastructure, as specified by the Department, are provided. It is an undisputed fact…[Read more]

The undisputed fact is that the property in question is an I.T. Park, with all infrastructure facilities and services. This is not a simple building. The Ministry of Commerce and Industries, notifies certain building as I.T. Park only if various facilities and infrastructure, as specified by the Department, are provided. It is an undisputed fact…[Read more]

DOWNLOAD REVISED FORM 15G AND FORM 15H

Everyone is aware that Form 15G and form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we are discussing important points to remember while submitting the Form 15G and Form 15H to the deductor. We have also included frequently asked questions and answers on Form 15G and…[Read more]

Service Tax Return (ST 3) for the period 1st July – 30th September, 2012 is now available in a modified format for e-filing in ACES.

CBEC extends the last date of e-filing of the new Service Tax Return (ST-3) for the period July-September 2012, from 15th April to 30th April, 2013.

Please download the appropriate Return Excel Utility, for…[Read more]

Individual can pay life insurance premium on the policy of following

1. On himself
2. On Wife/husband(dependent or not)
3. Child
1. Major or minor
2. Earning any income or […]

February 20, 2013

Compliance Certificate by Practicing Company Secretary (PCS) for listing of Small & Medium Enterprises (SMEs).
In recognition of the role of SMEs in economic development of the country, […]

The Directorate of Systems of the Income Tax Department has undertaken a business intelligence project to identify PAN holders who have not filed Income Tax Return and about whom specific information is available […]

Hon’ble Delhi High Court (DHC) has quashed the circulars Circular No. 158/9/2012-ST dated 08.05.2012 and Circular No.154/5/2012-ST dated 28.03.2012, which required assesses to pay 2% differential service tax on […]

INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J AND FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ AND INSERTION OF FORM NO. 26B

TDS related forms and rules regarding digital singnature of tds return has been changed through INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J AND FORM […]

Guide to ITR and Sahaj, Sugam tax forms to help you identify which ITR form to pick for filing your tax return in 2011. Income Tax department has unveiled the new income tax return forms for the Assessment […]

FACTS

1. Introduction :The Finance Act, 2012 has ushered in a new system of taxation of services; based on Negative list with effect from 1st July, 2012. A negative list of services implies two things: firstly, a list […]

Issue of Vehicle Parking 

ORDER NO. 3/2012 [F.NO.137/99/2011-ST], DATED 15-10-2012

In exercise of the powers conferred by sub-rule (4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends the […]

According to Supreme Court Judgement dated 19-02-2008 in the case of Thiruvengada Pillai vs. Navaneethammal and Anr., the stamp papers do not have any expiry period. .

The Indian Stamp Act, 1899, nowhere […]

Every statutory auditor appointed by the company in the Annual General Meeting under section 224(1) of the Companies Act, 1956 in this form has to intimate whether he has accepted the appointment or not to the […]