How to View Income tax Demand / Arrears Payable Online

Capital gain on compulsory acquisition of property already sold to builder? Posted: 03 Oct 2012 08:37 PM PDT Since in this case, the land is acquired compulsorily and no amount of compensation has been received by the assessee and further, the matter is still pending before the Hon'ble Allahabad High Court and has not attained finality, therefore, the provisions of section 2(47) (iii) and (v) section... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] S. 68 – AO need not establish that money come from assessee's coffers Posted: 03 Oct 2012 08:23 PM PDT We are unable to uphold the view of the Tribunal that it is incumbent upon the Assessing Officer, on the facts and circumstances of the case, to establish with the help of material on record that the share monies had come or emanated from the assessee's coffers. Section 68 of the Act casts no... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] MCA urges to expedite filing of Balance Sheet & Annual Return Posted: 03 Oct 2012 08:53 AM PDT The Ministry issued General Circular No.30/2012 Dated 28.09.2012, In order to ensure smooth filing and to avoid last minute rush, the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI is extended in following manner without any additional fee :- [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Service Tax on Transportation of Parcel Traffic (Leased or Non-Leased) by Rail from 1st October 2012 Posted: 03 Oct 2012 08:31 AM PDT In compliance of the provisions contained in Finance Bill 2012 and subsequent notifications issued by the Ministry of Finance, the Service Tax in case of transportation of parcel traffic (leased or non-leased parcel traffic) by rail, which was exempted upto 30th September 2012, would now be levied... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] How to View Income tax Demand / Arrears Payable Online Posted: 03 Oct 2012 07:48 AM PDT Taxpayers can view the details of their Arrear Demand in 'My Account' as communicated by their jurisdictional Assessing Officers to CPC. Steps to View Income tax Demand / Arrears Payable Online 1. Login on https://incometaxindiaefiling.gov.in/portal/index.do 2. Go to 'My Account' and Click on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Stay application cannot be rejected without giving reason for the same Posted: 02 Oct 2012 11:24 PM PDT While considering/deciding the stay application under the said Act, the authority must (i) briefly state the case of the party; (ii) consider whether the party has made out a case for unconditional stay; (iii) the financial difficulty if pleaded be considered and (iv) in case the authority... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] S. 271(1)(c) Ignorance of law can be valid excuse for non resident Posted: 02 Oct 2012 10:59 PM PDT The issue as to whether there was concealment of particulars of income on the part of the assessee so as to attract penalty under section 271(1)(c) depends on the acceptability of the explanation of the assessee that the mistake in this regard was inadvertent due to his ignorance of Indian... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Validity of penalty imposed u/s 271(1)(c ) for disallowance of expenses u/s 35D Posted: 02 Oct 2012 10:43 PM PDT Merely because the assessee had claimed the expenditure, which claim was not accepted or was not acceptable to the Revenue, that by itself would not, in our opinion, attract the penalty under Section 271(1)(c). If we accept the contention of the Revenue then in case of every return where the claim... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] If Quantum Appeal admitted by Court, penalty proceedings u/s 271(1)(C ) may be kept in abeyance till decision of Court on merits Posted: 02 Oct 2012 10:38 PM PDT The assessee's quantum appeal has been admitted by the High Court. If the assessee succeeds in the quantum proceedings, it would not even be necessary to consider the s. 271(1)(c) penalty proceedings and so no prejudice has been caused to the department qua the penalty proceedings. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Central Govt specifies wages of Rs. 18000 P.M. u/s.1(6) of Payment of Wages Act,1936 Posted: 02 Oct 2012 10:07 PM PDT In exercise of the powers conferred by sub-section (6) of section 1 of Payment of Wages Act, 1936 (4 of 1936), the Central Government, on the basis of figures of the Consumer Expenditure Survey published by the National Sample Survey Organisation, hereby specifies Rupees eighteen thousand per month... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Regarding deeper concessions under DFTP scheme for Least Developed Countries (LDCs) Posted: 02 Oct 2012 11:56 AM PDT Notification No. 56/2012-Customs following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 96/2008-Customs, dated the 13th August, 2008, published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the... 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