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Oct 9, 2011

Government plans to allow reopening of income tax returns of past 16 years

Government plans to allow reopening of income tax returns of past 16 years

Posted: 08 Oct 2011 07:10 PM PDT

Government plans to allow reopening of income tax returns of past 16 years of suspected assessees, as against 6 years at present. The move is aimed at strengthening the mechanism to investigate black money cases. A Finance Ministry official said in...

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Service Tax Rate Chart and Rules Related to Payment of Service Tax

Posted: 08 Oct 2011 06:55 PM PDT

In case of Individuals or Proprietary Concerns and Partnership Firm, service tax is to be paid on a quarterly basis. The due date for payment of service tax is the 5th of the month immediately following the respective quarter ( in case of e-payment,...

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ICAI statement on the matter of Global Trust Bank

Posted: 08 Oct 2011 06:37 PM PDT

The Council of The Institute of Chartered Accountants of India (ICAI), on consideration of the Report of the Disciplinary Committee with respect to Shri P.Rama Krishna and another in the matter of Global Trust Bank (GTB) for the year 2000-01 decided...

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E-Filing in F.Y 2011-12 – Quick Statistics (as on 30th September 2011)

Posted: 08 Oct 2011 06:32 PM PDT

  QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 30/9/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR FORM WISE RECEIPT OF E-RETURNS UPTO 30th SEPTEMBER S.N. FORM NAME F.Y. 2010-11 F.Y. 2011-12 PERCENT GROWTH IN F.Y. 2011-12 1 ITR-1...

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Frequency Norms of Audit for Service Tax Assessees

Posted: 08 Oct 2011 06:26 PM PDT

Director General of Audit, New Delhi has published Service Tax Audit Manual, 2010. As per the guidelines, tax payers whose annual service tax payment (including cash and CENVAT) was Rs.3 crore or more in the preceding financial year may be subjected

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