Articles by RAJAN GUPTA

PAY LESS STCG AFTER BUDGET -HOW

RAJAN GUPTA 26 March 2008 at 12:14

Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for indian

Deduction for Higher Education Loan 80E

RAJAN GUPTA 25 March 2008 at 10:53

Relevant clause of section are reproduced hereunder for ready reference :80E. (1) In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount

Nil TDS return

RAJAN GUPTA 08 September 2007 at 11:19

If there is no deduction in a particular quarter, should I file the NIL etds statement?The answaaykarbhavan group er is no,The filing of a NIL statement is not mandatory.As per section 200(3)Any person deducting any sum on or after the 1st day of Apr

OFFICIAL WORD ON:IS NIL TDS RETURN MANDATORY

RAJAN GUPTA 08 September 2007 at 08:27

In my view its not mandatory,now dept has given some clarification on this subject,though not directly on this subject but while answering the FAQ on form 24 Q ,Q4,it has been made clear that nil etds statement is not mandatory. But return 24q q4 sho

KNOW YOUR SERVICE/EXCISE REGISTRATION NUMBER,LOCATION CODE ,DOWNLOAD NEW GAR-7/TR-6

RAJAN GUPTA 05 September 2007 at 11:25

LikeIncome tax/Fbt Central board of excise & custom(CBEC) has started new single page challan to deposit central excise or service tax named as GAR 7/TR-6 from 01.04.07 onwards.ElectronicAccounting System In Excise and Service Tax(EASIEST)The EAS

SCOPE OF THE ETDS/ETCS STATEMENT ENHANCED

RAJAN GUPTA 01 September 2007 at 08:44

CBDT has enhanced the scope of filling Etds/Etcs return by amending the rule 31A(applicable on etds) and 31AA(applicable on etcs) vide Income-tax (Ninth Amendment) Rules, 2007NOTIFICATION No. 238/2007, dated 30-8-2007.Now following person are liable

ALL OLD CIRCULAR,CLARIFICATIONS WITHDRAWN,NEW CODING DONE CIRCULAR NO 97 DT 23/08/2007

RAJAN GUPTA 25 August 2007 at 21:31

NEW SERVICE TAX CODING,ALL OLD CIRCULARS,CLARIFICATIONS WITHDRAWN CBEC has issued a circular no.96 dated 23/7/2007 Service Tax.Main heading of the circular is summersied below:1.ALL OLD CIRCULARS ,CLARIFICATION AND COMMUNICATION WITHDRAWNParagraph 6

AIR DETAIL IN ALL NEW AIR FORMS

RAJAN GUPTA 14 August 2007 at 11:13

AIR(ANNUAL INFORMATION REPORT) DETAIL IN NEW ITR FORMS WHAT TYPE OF ENTRIES TO BE REPORTED.In all the new ITR(Income Tax Return) forms an information about following transaction has been demanded.And what i observe that person are normally ignoring t

Inconsistency in the quarterly etds and etcs returns

RAJAN GUPTA 12 August 2007 at 10:24

INCONSISTENCY IN QTRLY ETDS/ETCS STATEMENT Directrote General of Income tax(systems) is serving letters regarding inconsistency in the quarterly etds and etcs returns submiited by assessees.Formats of Table showing inconsistencies is given ABOVE.Word