How to know Income tax Refund failure Status

How to know Income tax Refund failure Status Posted: 26 Jan 2012 07:45 PM PST CPC Refund Failure Status - Use this query to find out if your Income Tax refund could not be issued due to missing/incorrect mandatory fields or if the refund was returned due to reasons such as address not found, etc. Please note that, if the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] TDS – Provisions related to Lower deduction / non-deduction of tax and on payment to Government Posted: 26 Jan 2012 06:32 AM PST Section 197 gives a right to the assessee to obtain a certificate from the Assessing Officer that tax may be deducted at a lower rate than prescribed in Sections 192,193,194,194A,194C,194D,194G,194H,194I, 194J, 194K, 194LA, and 195, by making an... [[ This is a content summary only. Visit www.taxguru.in for full article.]] All about e-TDS and Quarterly Statements Of TDS Posted: 26 Jan 2012 05:45 AM PST -e-TDS implies, filing of the TDS return in electronic media as per prescribed data structure in either a floppy or a CD ROM. The aforesaid requirement is essentially a part of the process of automation of collection, compilation and processing of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Format of details to submitted during Income Tax Assessment Posted: 26 Jan 2012 12:31 AM PST We have attached a file in excel format. The file contains the format of various details which normally assessing officer asks Assessee to furnish during Scrutiny Assessment U/s. 143(3) of the Income Tax Act, 1961. We have attached the format of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Download Income Tax Calculator for A.Y. 2011-12, 10-11, 09-10, 08-09, 07-08 for Male, Female, Senior Citizens Posted: 26 Jan 2012 12:22 AM PST Download Income Tax Calculator for salaried For A.Y. 2011-12, 10-11, 09-10, 08-09, 07-08 for Male, Female, Senior Citizens. The calculator also calculate interest U/s. 234A, 234B and 234C, Automatically. Calculator for those having Income from... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Delay in notice U/s. 143(2) Renders Assessment Void – HC Posted: 25 Jan 2012 11:12 PM PST Alpine Electronics Asia Pte Ltd vs. DGIT (Delhi HC) - Draft order is not the final assessment order and does not result in completion of assessment. Under sub-section (2) to Section 143, the assessee has a right to accept, within 30 days, the draft... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Public issue of Hudco Tax Free Bonds to open on 27 Jan 2012 Posted: 25 Jan 2012 09:59 PM PST State-run Housing and Urban Development Corporation (HUDCO) today said its public issue of tax-free bonds will hit the market on January 27 with a target of raising up to Rs 4,685 crore. The income by way of interest on these Bonds shall not form... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Petition in HC against minimum wages specified in CA Offices by Kerala State Government Posted: 25 Jan 2012 09:58 PM PST CA Club, Thrissur, has filed a writ petition in Kerala High Court against the notification issued by Kerala State Government imposing minimum wages in Offices of Chartered Accountants in Kerala State. The writ petition was filed in Kerala HC by CA... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Procedure and FAQ for On-line Submission of Application for Verification of Answer Books for CA students Posted: 25 Jan 2012 09:57 PM PST Candidates of November 2011 CA examinations Final, IPCE and PCE can submit their application for verification of answer books and also make payment of verification fees, on-line at http://icaiexam.icai.org. This facility will be in addition to the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Get Your Firm Status Updated by 31.01.2012 for Empanelment with C&AG and Bank Branch Auditors' Panel Posted: 25 Jan 2012 09:56 PM PST For the purposes of Empanelment in the panel prepared by Office of C&AG and Bank Branch Auditors' Panel prepared by ICAI (for which Constitution Certificates as on 1st January are issued every year); no condonation of delay in submission of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICAI issues Exposure Draft of Guidance Note on Rate Regulated Activities for comments Posted: 25 Jan 2012 08:37 PM PST A key aspect of rate regulation is that the regulator is empowered to determine prices that bind the entity's customers under a statute or otherwise. Regulatory authorities are usually set up under a legislation which stipulates their constitution,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Budget 2012- Government may bring provisions to tax overseas deals Posted: 25 Jan 2012 03:05 PM PST To avoid disputes like the Vodafone tax case in future, government is contemplating incorporation of provisions on taxation of overseas deals from the stalled Direct Taxes Code (DTC) Bill in the Budget for 2012-13. "The Direct Taxes Code Bill... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Punjab Polls – Candidates rope in CAs for managing poll expenses Posted: 25 Jan 2012 01:05 PM PST With the Election Commission keeping a strict vigil on expenditure in the Assembly polls, many candidates have roped in tax experts like Chartered Accountants to ensure that their spending remains within the maximum limit. [[ This is a content summary only. Visit www.taxguru.in for full article.]] I-T official convicted in bribary case Posted: 25 Jan 2012 11:18 AM PST An Income Tax official was today convicted for bribery charges in a case filed by the CBI. P K Chandrasekaran, Income Tax officer in the Office of Joint Commissioner of Income Tax, Tambaram range, was trapped in 2008 while demanding and accepting a... [[ This is a content summary only. Visit www.taxguru.in for full article.]] SEBI – Eligibility criteria for qualified depository participant Posted: 25 Jan 2012 10:11 AM PST Vide SEBI circulars Cir/IMD/DF/14/2011 and Cir/IMD/FII&C/3/2012 dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors (QFI) were allowed to invest in schemes of Indian mutual funds and Indian equity shares subject... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Inflation Forecasting- Issues and Challenges in India Posted: 24 Jan 2012 07:55 PM PST Muneesh Kapur1 This paper focuses on modelling and forecasting inflation in India using an augmented Phillips curve framework. Both demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on... [[ This is a content summary only. Visit www.taxguru.in for full article.]] External Commercial Borrowings – Simplification of procedure Posted: 24 Jan 2012 07:54 PM PST A.P. (DIR Series) Circular No.69 Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA... [[ This is a content summary only. Visit www.taxguru.in for full article.]] External Commercial Borrowings (ECB) Policy – Infrastructure Finance Companies (IFCs) Posted: 24 Jan 2012 07:52 PM PST A.P. (DIR Series) Circular No.70 It has now been decided that the designated AD Category – I banks should certify the leverage ratio (i.e. outside liabilities/owned funds) of IFCs desirous of availing ECBs under the approval route while forwarding... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Deregulation of Savings Bank Deposit Interest Rate – Guidelines – DBOD.Dir.BC. 75/13.03.00/2011-12 Posted: 24 Jan 2012 07:51 PM PST DBOD.Dir.BC. 75/13.03.00/2011-12 Based on the references received from banks, we clarify that the revised guidelines issued vide our circular referred to above would be applicable to domestic savings bank deposits held by residents in India.... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Section 42(1) of Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR) Posted: 24 Jan 2012 07:50 PM PST The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012, decided to reduce the Cash Reserve Ratio (CRR) of Scheduled Primary (Urban) Co-operative Banks by 50 basis points from 6.00 per cent to 5.50 per cent... [[ This is a content summary only. Visit www.taxguru.in for full article.]] TRAI Exempts limit of 200 SMS Per day Per SIM for Machine to Machine and Person to Machine Messages Posted: 24 Jan 2012 04:35 PM PST TRAI today exempted the machine to machine and person to machine messages from the limit of 200 SMS per day per SIM. All the provisions of "The Telecom Commercial Communications Customer Preference Regulations, 2010" issued by TRAI on 1.12.2010 have... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Section 233B of the Companies Act, 1956 – Audit of Cost accounts in certain cases – order under section 233B(1) Posted: 24 Jan 2012 10:18 AM PST ORDER [F.No. 52/26/CAB-2010], dated 24-1-2012 In exercise of the powers conferred by sub-section (1) of section 233B of the Companies Act, 1956 (1 of 1956), the Central Government, being of the opinion that it is necessary to do so, hereby directs... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Seeks to impose anti-dumping duty on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms, originating in, or exported from subject countries Posted: 24 Jan 2012 09:45 AM PST Notification No. 11/2012-Customs (ADD) Whereas, in the matter of import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms (including all widths and lengths)' (hereinafter referred to as the subject goods), falling... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Seeks to impose anti-dumping duty on import of Morpholine originating in, or exported from, China PR, European Union and the United States of America Posted: 24 Jan 2012 09:43 AM PST Notification No. 10/2012-Customs (ADD) Whereas, in the matter of import of Morpholine (hereinafter referred to as the subject goods), falling under tariff item 29333917 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Rescinds Notification No. 91/2011-Customs, dated the 20th September, 2011 Posted: 24 Jan 2012 09:41 AM PST Notification No. 09 / 2012-Customs (ADD) In exercise of the powers conferred by sub-sections (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection... [[ This is a content summary only. Visit www.taxguru.in for full article.]]