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Rule of Income Tax File or Jurisdiction Transfer Simplified !

Tax payer can seek to request transfer of income tax file from one jurisdiction to another . Like wise the income tax authority has also been provided the power to initiate the transfer of jurisdiction from one officer to another on administrative grounds. This post is all about the transfer of jurisdiction . How assessee...

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Applying for Jurisdiction Transfer After Receiving Scrutiny Notice?

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It happens so that for many reasons you need to get your file transferred from one A.O to another .One of the situation is that you want to get your case transferred from the A.O who has served notice u//s 143(2) for scrutiny of your case to another A.O .What should you do in that...

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New Rules & Forms For Change of Company Name Effective From 24th July 2011!

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Rule 4A of along with section 20 and 21 of Companies Act 1956 lay down the procedure for a company seeking to change its name or the promoters of a company under a proposed name may make application to the Registrar of Companies. Central Government has made new rules to be called the Companies (Central...

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Individual & HUF Tax Rate as per Direct Tax Code Bill 2010

No great change is suggested in Direct Tax Code 2010 as far as tax rate for Individual and Senior Citizen is concerned. One apparent change , however , is that the distinction between man and woman has been abolished. Here is the tax rates suggeste

Revised DTC deletes tax on notional rent , allows interest deduction.

Two of the most controversial change in taxation of rental income from house property by earlier Direct Tax Code were -proposal of tax @ 6 % of presumptive rent calculated at 6% per annum of the ratable value fixed by the local authority and abolition of any interest deduction even from one house which is self occupied by a taxpayer.

How to change the address or any other data in PAN database?

Income tax PAN is a must for every one in India .Not just for income tax purpose , but for many other transactions which you may intend to do . Now , if you have a PAN ,  there may just  arise situation that you need to change the data which you had originally given...

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Essential services at Port or airports mat be tax free !

The budget 2010-11 had proposed to tax all services provided at port and airports.However, govt may soon , as reported in media, may come out with a  small list of essential services that will not be taxed at airports or ports. This will only give marginal relief to consumers of services — travellers and businesses — as [...]