Procedure for Correction of Income Tax Payment challan

Procedure for Correction of Income Tax Payment challan Posted: 14 Feb 2012 06:30 PM PST Revised Procedure from 1st September 2011 to get Income Tax , TDS, Self Assessment Tax, Advance Tax, Wealth Tax and Other Direct tax Payment Challan corrected / Rectified which were paid at bank in Physical Mode and time period within which... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Reassessment notice not invalid just because of absence of suffix private Limited in Notice Posted: 14 Feb 2012 06:08 PM PST CIT Vs. Jagat Novel Exhibitors Private Limited (Delhi HC) - Main contention of the Assessee was that the notice under Section 147/148 of the Act was not issued to the respondent company in the name of the principal officer but was issued to Jagat... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Income Tax Refund cheque issued by CPC Bangalore Returned undelivered, What to do if ? Posted: 14 Feb 2012 05:59 PM PST In case of Physical cheques there may be chances that after filing of Income tax Return Assessee has moved to new address and his Income tax Refund cheque issued by CPC Bangalore returned back for non-delivery. There may also be a chance that... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Disallowance U/s. 14A as per Rule 8D can not be made for the period prior to 01.04.2008 Posted: 14 Feb 2012 05:42 PM PST Prakash Securities Private Limited Vs. ACIT (ITAT Mumbai) -Asst. Comm. of Income Tax The dispute is regarding disallowance of expenses relating to exempt income under section 14A of the IT Act. Under the provisions of Section 14(2) and 14(3),... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Procedure for issuance of Lower / Nil TDS Certificate Posted: 14 Feb 2012 05:22 PM PST Every finance professional are making estimated accounts of the company and based on that you can also prepare the estimated computation of total income assuming same adjustments as done for the previous year. Determine the expected tax liability... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Deductibility of TDS on Provision for Expenses for which no invoice been received Posted: 14 Feb 2012 05:05 PM PST One of the most disputed arguments between assessee and income tax department is that whether payments made towards specified expenditure attracts disqualification u/s 40(a) (ia) and applicability of this section to provisions made at the year end... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Valuation of goods manufactured on job-work basis – Tribunal did not consider whether the parties were related – Matter remanded – SC Posted: 14 Feb 2012 08:13 AM PST CCE Vs. M/s. Food & Healthcare Specialities & ANR.(Supreme Court) - In the present case, as aforesaid, neither did the Tribunal address this aspect of the matter, nor did it consider whether the Assessee and Heinz are related persons. It... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Certified Registration Centre at the office of chartered accountants to provide online registration facility in CPT course Posted: 14 Feb 2012 07:53 AM PST The Institute of Chartered Accountants of India has introduced a scheme for opening of Certified Registration Centre at the office of chartered accountants firms/practicing members in order to provide online registration facility in CPT course.