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Searching circulars , notifications, instructions by various authorities are indeed the regular affairs for finance professionals like , chartered accountants, cost accountants, company secretaries and tax professionals. taxworry.com has built an android based mobile app by which any one can not only be updated with the articles of this site, but also can do anyone [...]
Form for identification by gazetted officer or MLA or MP required for issue of PAN card is notified.Rule 114 of Income Tax rule provides that a member of parliament or MLA or MC or Gazette Officer can issue an identification certificate . CBDT has now issued a a format has been prescribed for verification certificate under provisions...
TDS on software purchase is a controversial issue which has been settled in favour of income tax department recently by Karnataka High Court by its decision in CIT (International Tax) vs Samsung Electronics 2011 16 taxmann.com 141 in which it was held that in software purchase , whatis bought is the right to use the...
Good news for investor in RBI 8 % savings bonds ! CBDT issued INSTRUCTION NO. 2/2012 [F. NO. 312/79/2010-OT], DATED 22-2-2012 for the relief of applicants who had made investment in 8% Savings Bonds (Taxable), 2003 opting for cumulative interest on maturity but had accounted interest earned on mercantile basis, and the bank at the time of...
Mismatch of TDS claimed by assessee in his return and the TDS as reflected in departmental server is a very big and serious issue. The processing of tax return for Asst Yr 2011-12 therefor required some kind of intervention of Central Board of Direct Taxes ( CBDT ) which has now issued instruction no 2/2012...
Disability deduction u/s. 80DD of the I.T Act for expenses on maintenance ,nursing or medical … [Read More...]
Form 15G or 15H are declaration for individual residents and HUF that they have neither taxable … [Read More...]
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