Press Trust of IndiaSunday, May 27, 2007 (New Delhi):Individual assessees have to submit Form 16 - a certificate of tax deducted at source - along with income tax returns to avail of timely payment of refunds, I-T Department officials say.However, if
The Finance Minister, Mr P. Chidambaram, has advised the first batchof income-tax return preparers to stay up-to-date with tax laws andperiodically go in for refresher courses to be in tune with changes intax laws.
After nearly two decades, the Institute of Chartered FinancialAnalysts of India (ICFAI) has won the `chartered' row against the ICAI(Institute of Chartered Accountants of India). In a decision dated May 16, the apex court ruled in favour ofthe Hydera
Income Tax (IT) department is all set to make collections through Tax Deductionat Source (TDS) more transparent. After making it mandatory for government andcorporate organisations to file TDS returns online, the department has nowdecided to extend s
PTI[ TUESDAY, MAY 22, 2007 07:39:59 PM] NEW DELHI: Seven more services such as commercial property renting, fax, pager and content for telecom will become costlier from June 1 with the government bringing these services under the tax net. This will t
Notification No. 17/2007-Service Tax, Dated 12-5-2007 Notification No. 18/2007-Service Tax, Dated 12-5-2007 Notification No. 19/2007-Service Tax, Dated 12-5-2007 Notification No. 20/2007-Service Tax, Dated 12-5-2007 - (Service Tax (Third Amendment
INCOME-TAX (FOURTH AMENDMENT) RULES, 2007NOTIFICATION NO.169/2007, DATED 14-5-2007 In exercise of the powers conferred by section 295 of the Income Tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Board of Direct Taxe
The income tax department is planning to intensify scrutiny procedures and take up more cases of scrutiny of returns.A finance ministry official told FE, "We are trying to simplifyassessment methods. But at the same time, we plan to give more e
A charitable or religious trust or institution,which wants to be condoned for delay in earlier years in registrationunder the Income Tax Act for exemption, can file its application by May31. Registration under Section 12 A of the Act is a pre-conditi
Hassle-free assessment may be difficult, as the new forms have a fairshare of ambiguities and inconsistencies.
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