Income-tax Rectification Petition Online

Income-tax Rectification Petition Online Posted: 03 Jul 2013 08:30 PM PDT Selvakumar Selvaraj  Getting notice from income-tax department becomes common today. Thanks to technological improvements and automated world of software coding. Often these software coding require modifications (rectification) that triggers mismatches and issues in the CPC Processing of income-tax...

Procedure to avail One Day Liquor License in Maharashtra Posted: 03 Jul 2013 08:29 PM PDT New procedure is being Implementation to avail One Day Liquor License As per State Directorate of Accounts and Treasuries Maharashtra, now it is semi online manual but in coming months it will be online. Applicable: – To all Hotels, Banquet Hall & Restaurant where one day or more Liquor...

Service Tax on AC Bar Restaurants & On Hotels Providing Short Term Accommodation is Unconstitutional Posted: 03 Jul 2013 08:28 PM PDT Advocate Arun Raj HIGH COURT OF KERALA DECLARES THE LEVY OF SERVICE TAX ON AC BAR RESTAURANTS AND ON HOTELS PROVIDING SHORT TERM ACCOMMODATION AS UNCONSTITUTIONAL AND BEYOND THE LEGISLATIVE COMPETENCE OF THE PARLIAMENT By the Finance Act, 2011 amendment has been made to the Section 65 Clause 105 of...

FAQ's on Service Tax Amnesty Scheme (VCES) Posted: 03 Jul 2013 07:44 PM PDT 1. Can a person file form VCES 1 by declaring NIL tax dues? ‐    No, a person cannot file form VCES 1 by declaring NIL tax dues. As per the provisions of the scheme, if a person has not paid the tax dues till 01st March, 2013 then he can apply for the scheme. However, [...]

Effect of Section 3, 4 & 5 of CST Act in Determining Net Turnover of Work Contract Posted: 03 Jul 2013 07:31 PM PDT Initially when section 3-F was introduced transactions covered under section 3,4 and 5 of the Central Sales Tax Act have not been excluded. Thus the provisions has been declared Ultra virus by the Division bench decision of this court in the case of V K Singhal vs. State of UP reported in 1995 NTN...

No Cenvat credit reversal required where service tax is not paid due to non-recovery of consideration in case assessee pays ST on receipt/ collection basis Posted: 03 Jul 2013 07:15 PM PDT Whether the Cenvat credit reversal is required, where no service tax is paid on output services owing to non-recovery of consideration in case the assessee pays service tax on receipt/ collection basis under Rule 6(1) of the Service Tax Rules, 1994

Download ITR – 7 for Online Filing AY 2013-14 Posted: 02 Jul 2013 09:24 PM PDT  Income Tax Department has released Income Tax Return (ITR )  7  as Applicable for persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) for e-filing of Returns for A.Y. 2013-14 of Financial Year 2012-13. ITR form can...

Services Provided to SEZ Authorised Operations Exempted From Service Tax Posted: 02 Jul 2013 09:15 PM PDT Services Provided to Special Economic Zone (SEZ) Authorised Operations Exempted From Service Tax The Central Government has decided to exempt the services on which service tax is leviable under section 66B of the said Act, received by a unit located in a Special Economic Zone (hereinafter referred...

Cut & polished diamonds of 0.10 carat or above can be exported and re-imported duty free Posted: 02 Jul 2013 07:53 PM PDT NOTIFICATION NO.25 (RE-2013)/ 2009-2014 NEW DELHI, DATED The 3rd July, 2013                    In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with paragraph 1.2 of the Foreign Trade Policy, 2009-2014, the Central...

DGFT Amends Category 3D001 of SCOMET List Posted: 02 Jul 2013 11:59 AM PDT NOTIFICATION No. 26  (RE-2013)/2009-2014  , New Delhi,  Dated :  3rd  July, 2013 S.O.      (E)           In exercise of powers conferred by Section 5 and Section 14 A of the Foreign Trade (Development & Regulation) Act, 1992 {FT(D&R) Act,1992} as amended in  2010, the Central Government...

DVAT – If turnover exceeded Rs.10 Crore during 2012-13 file audit report in Form-AR-1 upto 15-11-2013 Posted: 02 Jul 2013 12:55 AM PDT the dealers whose turnover exceeded Rs.10 Crore during 2012-13 shall have to file audit report in Form-AR-1 upto 15-11-2013. Therefore, all the officers of VAT Audit Branch, KCS Branch, Spl. Zone Branch and other Wards are advised to carry out the audit of the business affairs of the dealers having...

CMA President Communique for July, 2013 Posted: 01 Jul 2013 09:03 PM PDT At the outset on behalf of the Institute, its employees, members, students and that of my own, I convey my heartfelt condolences to the people and government of Uttarakhand for the tragic loss of life and destructions of property caused by the devastating Cloudburst that hit the holy state last...

ICAI to Set Newer Benchmarks While Taking Accountancy Beyond Professional Footprints Posted: 01 Jul 2013 09:01 PM PDT The Institute of Chartered Accountants of India (ICAI), India's premier and world's second largest accounting body, has entered its 65th year of existence. The Institute celebrated its 64th Foundation Day here yesterday as the 'CA Day'. Today, ICAI has over 2 lakh members and more than 11 lakh...