All about Permanent Account Number (PAN) and how it is structured

Know Your Income Tax Refund Status online Posted: 12 Jan 2012 04:10 PM PST The Centralised Processing Centre of the Income Tax Department here has processed over 26 lakh e-filed returns in Forms 1-4 for the assessment year 2009-10. It has determined refunds in over five lakh cases. A release said refunds are being sent... [[ This is a content summary only. Visit www.taxguru.in for full article.]] All about Permanent Account Number (PAN) and how it is structured Posted: 12 Jan 2012 03:55 PM PST Permanent Account Number is basically a method of identifying a taxpayer on the computer system through a unique All-India number so that all information relating to that taxpayer, e.g. taxes paid, refunds issued, outstanding arrears, income disclose [[ This is a content summary only. Visit www.taxguru.in for full article.]] How to open your ITR V / ITR Acknowledgement Posted: 12 Jan 2012 03:40 PM PST By now, many of you would have filed several tax returns of your clients or your own companies or even your own returns. It has been brought to our notice that this year, whenever an ITR form is filed electronically without the digital signature,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Check Your Income Tax Refund Status,Return Processing Status, status of Refund dispatched by post Posted: 12 Jan 2012 03:38 PM PST Income Tax department has provided the facility to the Assessee / tax Payer to check status of Income Tax Return Filed online on its e-filing portal. In addition to this Assessee can also check status of Income Tax Refund of return filed by the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Brought Forward business Loss can not be set off against Capital Loss on sale of Depreciable Business Assets Posted: 12 Jan 2012 02:13 AM PST Nandi Steels Limited Vs The ACIT (ITAT Bangalore)- It is not in dispute that the land, building and bore well sold by the assessee were used by the assessee for its business purposes. It is also not disputed that these assets were fixed assets of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Investment covered under section 80C of Income Tax Act, 1961 Posted: 11 Jan 2012 11:20 PM PST Provident Fund (PF) & Voluntary Provident Fund (VPF: PF is automatically deducted from your salary. Both you and your employer contribute to it. While employer's contribution is exempt from tax, your contribution (i.e., employee's contribution)... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Delhi HC to Facebook, Google – Remove obscene content or face blocking as blocked in China Posted: 11 Jan 2012 10:17 PM PST The Delhi High Court warned social networking site Facebook India and search engine Google India that websites can be 'blocked' like in China if they fail to devise a mechanism to check and remove objectionable material from their web pages. 'Like... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Despite Dependence, Arms' Length Agent is Not Permanent Establishment (PE) Posted: 11 Jan 2012 08:30 PM PST Delmas, France vs. ADIT (ITAT Mumbai) - Scope of dependent agent permanent establishment (DAPE) is set out in Article 5(5) and Article 5(6) of the Indo French DTAA. Article 5(5) provides the situations in which business being carried on through a... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Status of various Bills Presented in Parliament or pending to be present Posted: 11 Jan 2012 08:29 PM PST On December 30, 2011, Shri Pawan Kumar Bansal, the Minister for Parliamentary Affairs spoke to the media and gave a detailed account of the Bills that were passed in one or both the Houses and the Bills that are pending for consideration. Of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Performance of CBI in 2011 Posted: 11 Jan 2012 08:25 PM PST The year 2011 was marked by complex, specialized, high profile investigations conducted by the Central Bureau of Investigation, to probe corruption and crime. The Bureau's investigations made national headlines in several cases, such as, the 2G... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries – Georgia Posted: 11 Jan 2012 08:25 PM PST Notification No.4/2012[F.No.503/05/2006-FTD.I], dated 6-1-2012 Whereas an Agreement between the Government of the Republic of India and the Government of Georgia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Comments/Suggestions for future XBRL Implementation Posted: 11 Jan 2012 08:12 PM PST The Ministry of Corporate Affairs has formed a committee to develop the roadmap for future implementation of XBRL. The committee has its Terms of References as under: A. Identification of class of companies and various reports to be filed in XBRL in... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Finance Minister holds Moderation in Inflation Would Continue in Coming Months Posted: 11 Jan 2012 08:10 PM PST The Union Finance Minister Shri Pranab Mukherjee said that he is confident that moderation in inflation would continue in the coming months, though softening in the prices of manufactured goods, despite the rapid decline in non-food primary... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Insurance – Standard Instructions and Guidelines Applicable for Approval/Renewal of Agents Training Institutes Posted: 11 Jan 2012 08:10 PM PST Circular no. IRDA/AGTS/CIR/GLD/017/01/2012, A. As per clause 3 (b) of the guidelines only entities registered as Company under the Companies Act, 1956 and Societies and Trusts registered under Societies Registration Act shall be eligible to apply... [[ This is a content summary only. Visit www.taxguru.in for full article.]] RBI – Export of Goods and Services – Forwarder's Cargo Receipt Posted: 11 Jan 2012 08:10 PM PST A. P. (DIR Series) Circular No.65, uthorized dealers may, at their discretion, also accept FCR issued by Shipping companies of repute/IATA approved agents (in lieu of bill of lading), for purchase/discount/collection of shipping documents even in... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Filing of applications for DEPB in cases of exports made under `EPCG Shipping Bills` for items `Cotton yarn including Melange yarn` from 01.04.2011 to 04.08.2011 and `Cotton` from 01.10.2010 to 04.08.2011 Posted: 11 Jan 2012 08:10 PM PST Policy Circular No. 47 (RE 2010)/2009-2014 dated 08.11.2011 laid down the procedure to file the DEPB applications for 'Free Shipping Bills" for exports of 'Cotton Yarn including Melange Yarn' and 'Cotton'. Representations have been received from... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Post Your Views/ Comments on ICAI Vision 2030 Posted: 10 Jan 2012 08:30 PM PST ICAI has been working on development of ICAI Vision 2030 along with strategic priorities to draw upon its strategic action plan for next 3 years. For this purpose, the draft Vision 2030, Mission Statement & Strategic priorities has been... [[ This is a content summary only. Visit www.taxguru.in for full article.]]