Government plans to allow reopening of income tax returns of past 16 years

Government plans to allow reopening of income tax returns of past 16 years Posted: 08 Oct 2011 07:10 PM PDT Government plans to allow reopening of income tax returns of past 16 years of suspected assessees, as against 6 years at present. The move is aimed at strengthening the mechanism to investigate black money cases. A Finance Ministry official said in... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Service Tax Rate Chart and Rules Related to Payment of Service Tax Posted: 08 Oct 2011 06:55 PM PDT In case of Individuals or Proprietary Concerns and Partnership Firm, service tax is to be paid on a quarterly basis. The due date for payment of service tax is the 5th of the month immediately following the respective quarter ( in case of e-payment,... [[ This is a content summary only. Visit www.taxguru.in for full article ]] ICAI statement on the matter of Global Trust Bank Posted: 08 Oct 2011 06:37 PM PDT The Council of The Institute of Chartered Accountants of India (ICAI), on consideration of the Report of the Disciplinary Committee with respect to Shri P.Rama Krishna and another in the matter of Global Trust Bank (GTB) for the year 2000-01 decided... [[ This is a content summary only. Visit www.taxguru.in for full article ]] E-Filing in F.Y 2011-12 – Quick Statistics (as on 30th September 2011) Posted: 08 Oct 2011 06:32 PM PDT   QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 30/9/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR FORM WISE RECEIPT OF E-RETURNS UPTO 30th SEPTEMBER S.N. FORM NAME F.Y. 2010-11 F.Y. 2011-12 PERCENT GROWTH IN F.Y. 2011-12 1 ITR-1... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Frequency Norms of Audit for Service Tax Assessees Posted: 08 Oct 2011 06:26 PM PDT Director General of Audit, New Delhi has published Service Tax Audit Manual, 2010. As per the guidelines, tax payers whose annual service tax payment (including cash and CENVAT) was Rs.3 crore or more in the preceding financial year may be subjected [[ This is a content summary only. Visit www.taxguru.in for full article ]]