Document on which PAN required to be quoted

Document on which PAN required to be quoted Posted: 13 Feb 2012 07:54 PM PST PAN should be quoted on all - Income-tax / TDS / TCS Returns, Correspondence with tax department, Tax challans, Correspondence, bills, vouchers and other documents which are send by deductee of tax to deductor, Documents pertaining to... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Income Tax Payment Challan 280 in Excel Format Posted: 13 Feb 2012 07:41 PM PST In this Challan you to fill all the details in input sheet and Challan will get auto filled. Download Income tax Payment Challan No. 280 in Excel Format with Auto Fill Facility Developed by-  Pranab Banerjee [[ This is a content summary only. Visit www.taxguru.in for full article.]] Download Custom / Import Duty Calculator in Excel Format Posted: 13 Feb 2012 07:05 PM PST In this calculator you have to enter CIF Value (Cost Insurance & Freight) in Rupees and percentage rate of the following - Landing Cost, Assessable Value, BCD (Basic Custom Duty), CVD (Counter Veiling Duty), CVD Cess (Educational Cess 2% +... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Share loss to be first set-off to determine what Gross Total Income consists of under explanation to section 73 Posted: 13 Feb 2012 05:57 AM PST CIT vs. Darshan Securities Pvt. Ltd (Bombay High Court)- During the assessment year, the assessee returned an Income of Rs.2,25,04,588 from service charges. The assessee had a loss of Rs.02,23,32,127 in share trading. The assessee had a dividend... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Budget 2012 – Home Loan interest Exemption limit may be raised to Rs 3 lakh Posted: 13 Feb 2012 05:16 AM PST Government is contemplating to enhance income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh. The Budget is scheduled to be tabled on March 16. [[ This is a content summary only. Visit www.taxguru.in for full article.]] Reopening Notice u/s 147 issued within Limitation Period but served after Limitation Period is valid Posted: 13 Feb 2012 05:05 AM PST Section 149 of the 1961 Act, which provides the period limitation, categorically provides that no notice under Section 148 shall be issued after the period prescribed has lapsed. Once a notice is issued within the period of limitation, jurisdiction... [[ This is a content summary only. Visit www.taxguru.in for full article.]] No Capital Gain on transfer of FSI credit by way of TDR if cost could not be ascertained Posted: 13 Feb 2012 02:55 AM PST ACIT vs. Ishverlal Manmohandas Kanakia (ITAT Mumbai) - The issue raised by the Assessee is that while computing capital gain cost of improvement should also be capable of being determined. The dispute in the case decided by Tribunal in the case of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Regarding time bound Customs clearance of Cargo from Ports/Land Customs Stations/Air Cargo Complexes, CFSs/ICDs Posted: 12 Feb 2012 08:01 PM PST Kind attention is invited to Board's instructions issued from F.No. 450/82/95-Cus.IV,dated 7th July, 1997, Member (Customs)'s D.O. letter F.No. 450/82/99-Cus.IV, dated 2nd June, 2001 and Circular No.42/2001 dated 31st July, 2001 for time bound... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ICAI empanelment of exam observers for May-June 2012 Exams Posted: 12 Feb 2012 08:00 PM PST The Institute intends to draw a Panel from amongst its Members for acting as Observer at the examination centres in various cities during the Chartered Accountants Examinations to be held from 2nd – 17th May, 2012 and the Common Proficiency Test... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Inauguration of New Office Buildings in Durgapur and Kolkata by Finance Minister Posted: 12 Feb 2012 08:00 PM PST Inauguration of New Office Buildings 'Aayakar Bhawan Annexe', Durgapur and 'Aayakar Bhawan Poorva' Kolkata by Shri Pranab Mukherjee, Honorable Finance Minister, Govt. of India on 13.01.2012 and 14.01.2012. Shri Pranab Mukherjee, Honorable Finance... [[ This is a content summary only. Visit www.taxguru.in for full article.]] RBI raises Bank Rate as a Technical Adjustment Posted: 12 Feb 2012 07:55 PM PST The Reserve Bank of India has decided to change the Bank Rate with immediate effect by realigning it with the Marginal Standing Facility (MSF) rate, which in turn is linked to the policy repo rate under the Liquidity Adjustment Facility (LAF).... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Satyam Case – ICAI bans Srinivas Talluri and Vadlamani Srinivas from practice for life Posted: 12 Feb 2012 07:25 PM PST Accounting regulator ICAI on Monday barred the ex-CFO of the erstwhile Satyam Computer Services, Srinivas Talluri, and former Pricewaterhouse auditor Vadlamani Srinivas from practice for life, while slapping a Rs 5 lakh penalty on them over the Rs... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Indians deposited over $500bn black money in banks abroad- CBI Posted: 12 Feb 2012 07:20 PM PST Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI director said on Monday. India, in particular, has suffered from the flow... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Commercial production of mineral oil as per sec. 80IB (9) involves the activity of extracting oil from underneath of surface and transport it for sale Posted: 12 Feb 2012 06:28 PM PST ITO Vs. Hindustan Oil Exploration Co. Ltd. (ITAT Mumbai) - Definition given in Explanation to sec. 42, section 293A as well as in various clauses of Production Sharing Contract it does not require to undergo any process of any physical or... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Whether Section 25 company entitled to have two kinds of memberships Posted: 12 Feb 2012 06:09 PM PST The crux of the controversy is whether the appellant which is a Company incorporated under Section 25 of the Companies Act, 1956 is entitled to have two kinds of memberships as aforesaid. The only difference in the rights of the two kinds of members... [[ This is a content summary only. Visit www.taxguru.in for full article.]] ED, I-T dept may be asked to probe Antrix-Devas deal Posted: 12 Feb 2012 06:05 PM PST The Government is mulling a probe by the Enforcement Directorate and the Income-Tax Department into the role of two Mauritius-based entities to identify their stakes in Devas Multimedia Pvt Ltd which executed the controversial S-band deal with the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Railways Advise Passengers to Use Current Reservation Counter Facility for short Notice Journeys Posted: 12 Feb 2012 06:02 PM PST The Ministry of Railways has advised the passengers travelling on the train on a short notice to use the facility of Current Reservation Counter situated at the train originating main stations. The Ministry has pointed out that vacant reserved seats... [[ This is a content summary only. Visit www.taxguru.in for full article.]]