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Mar 22, 2013

Refund cannot be adjusted by CPC without following procedure prescribed in sec. 245

Refund cannot be adjusted by CPC without following procedure prescribed in sec. 245

As per Hon'ble Delhi High Court's Order dated 14-3-2013, the Department requires to follow the procedure prescribed u/s 245 before making any adjustment of refund payable by the CFC, Bengaluru. Accordingly, the assessee must be given an opportunity to file response or reply and the reply will be...

Banks to accept tax payment on 29,30 & 31st March (full day with extended hours)

Accordingly, it has been decided that all Agency banks shall keep the counters of their designated branches conducting Government business open (full day with extended hours) on March 29, 30 and 31, 2013 to facilitate receipt of Government taxes from members of public even at late hours.

PPT on Clubbing of Income Under the Income Tax Act,1961

Generally person is liable to pay tax only on the income which is earned by him. However provisions of Section 60 to 64 of Income Tax Act 1961 may make you liable to pay tax on income which is not earned by you...

Rayja Sabha approves Union Budget 2013-14 without debate

Faced with paucity of time, Rajya Sabha on Thursday approved Union Budget 2013-14 without debate, a development witnessed perhaps for the first time which triggered protests from opposition members. With only one day left for the house to go into month-long recess, the chair directed members to lay...

Excise Inspectors not to attend office on 29th, 30th and 31st March'13

CBEC had instructed that Customs and Central Excise offices throughout India will remain open on the holidays on 29, 30 and 31 March 2013. But Notice  has been served on the Chairperson CBEC that members of the AICEIA will not attend office on 29th, 30th and 31st March'13. Copy of same is...

CL – Amendment in Rules Related to Acceptance of Deposits U/s. 58A

In exercise of the powers conferred by section 58A read with section 642 of the Companies Act, 1956 (1 of 1956), the Central Government in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of Deposits) Rules, 1975, namely:-

Income Tax e-Filing Call Center will function 24/7 on all days during March 2013

The e-Filing Call Center (Toll Free – 1800 4250 0025) will be functioning 24/7(Including Saturday and Sunday), during the month of March 2013.

SEBI – Usage of electronic payment modes for making cash payments to investors

Please refer to SEBI circular no. DCC/FITTCIR-3//2001 dated October 15, 2001 and circular no D&CC/FITTC/CIR-04/2001 dated November 13, 2001 on usage of ECS (Electronic Clearing Services) facility and warrants for distribution of dividends or other cash benefits to the investors.

DVAT – Form T-2 Revised & Required to be submitted online

In supersession of Notification No..F.7(433)/Policy-II/VAT/2012/585-595 dated 05.09.2012 and all the subsequent notifications regarding submission of information in Form T-2. (TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT...

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