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May 24, 2013

How to file Online Rectification application u/s 154 & Common Mistakes

Solution to error '0 PDF files generated successfully' while generating TDS certificates

Posted: 23 May 2013 08:30 PM PDT

While generating Form16 \ 16A, if you are getting a message '0 PDF files generated successfully', please download the updated version of the PDF converter utility 1.3L. Procedure to Download and install utility Download the PDF Generation Utility by logging in to TRACES. Click on...

How to file Online Rectification application u/s 154 & Common Mistakes

Posted: 23 May 2013 08:28 PM PDT

Rectification application maybe filed u/s 154 of the Income Tax Act by the taxpayer in case of any mistake apparent from the record. An Income Tax authority may: a) amend any order passed by it under the provision of this Act b) amend any intimation or deemed intimation under sub-section (1) of...

Imposed Service tax on AC-restaurants creates confusion

Posted: 23 May 2013 08:25 PM PDT

Indian Budget is one of the most imperative parts of the country's administration because it ensures the systematic revenue for government which is used in economic growth by carrying out several activities, transactions and projects. As usual, new budget is prepared every year in order to suit the...

Income Tax Department to create 20,751 additional posts

Posted: 23 May 2013 08:10 PM PDT

The Union Cabinet today approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres that is 1349 additional posts in the IRS cadre and 19,402 additional posts in the non-IRS cadres. This will help the Income Tax Department collect increased revenue...

Indian Bank Manager sentenced after 18 year of Fraud

Posted: 23 May 2013 07:36 PM PDT

The Special Judge for CBI Cases, Chennai(Tamil Nadu) has convicted Shri M.Gopalakrishnan, the then Chairman-cum-Managing Director & Shri A.V. Shanmugasundaram, then Zonal Manager, both of Indian Bank, Chennai and Shri S. Dhanasingh, then Managing Director M/s. Akilam Constructions Pvt., Ltd.,...

Excise Duty free Sale of Goods Manufactured in India Allowed at Duty free Shops Located at International Airports

Posted: 23 May 2013 07:30 PM PDT

Excise Duty free Sale of Goods Manufactured in India Allowed to International Passengers or Members of Crew Arriving from Abroad and to Passengers Going Out of India at The Duty free Shops Located at International Airports of the Country The Government issued notification today so as to allow...

Liberalised Remittance Scheme for Resident Individuals – Reporting

Posted: 22 May 2013 11:31 AM PDT

AD Category -I banks were required to furnish information on the number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme), on a monthly basis

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