Archived; click post to view. Excerpt: Form 16 is the prescribed form for tax deducted at source from salary by an employer. There is confusion regarding the issue of TDS certificate in case where salary is not taxable. Tushar Singh of New Delhi asks ”in my last company my income was not taxable. Am i [...]
Full Story »Is employer bound to issue Form 16 to every employees ?
No service tax on reinsurance commission-CBEC issues Circular !
Archived; click post to view. Excerpt: Great relief to insurance companies indeed .The Central Board of Excise and Customs (CBEC) has issues circular to clarify that service tax cannot be levied on the reinsurance commission . The reason , as per circular is that an insurance company does not provide any service to a reinsurance company. Read [...]
Full Story »Rs 340 crore excise duty evasion scam bureaucrats arrested on corruption charges
Agencies New Delhi, Apr 29: CBI on Thursday arrested a senior IAS officer and his associate in connection with the alleged Rs 340 crore excise duty evasion scam, taking to six the total number of persons held in the case.
Full Story »TDS Defaults By Four IPL Franchises -Claim By IT Department
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Income Tax notices to four IPL franchisees soon
NDTV.com PTI, Monday April 26, 2010, New Delhi The Income Tax department has claimed to have found defaults in the payment of TDS returns by the IPL franchises to … IT probing only taxation aspects of transactions in IPL: CBDTThe Hindu all 10 news articles » |
Cement, steel prices push up construction cost: CIDC
NEW DELHI: Rise in prices of cement and steel inflated the construction cost by around 5 per cent in January-March 2010 compared to the same period last year, the Construction Industry Development Council (CIDC) has said.
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Can A.O Ask For Accounts From Salaried Employees During Scrutiny ?
I am a salaried employee. I had received a notice for assessment last year in 2009. Then hearing of the assessment case was adjourned sine die. It was revived again in March, 2010, and in first hearing itself AO asked for statement of affairs including capital account and credit card statements for last 3 years. I am only wondering
Full Story »When Are You Liable to Pay Advance Tax?
Paying advance income tax: I am 57 years old housewife and my total earnings from Bank FD’s for FY 2009-2010 will be approx Rs 388600 and i will be making an investment of Rs 100000 under ELSS. Need to know, how do i pay income tax on my interest income. Should i pay this at the time of IT
Full Story »Motor Insurance Made Simple on Five Points !
What are types of Motor Insurance covers?There are mainly two types of motor insurance- Comprehensive insuranceThird Party Insurance.While the Comprehensive insurance covers you against any loss or damage causing by Natural Calamities which includes fire, explosion, self ignition or lightning,earthquake (fire and shock damage),flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, and frost etc Third Party insurance
Full Story »How Can I Get Income Tax Ombudsman Address ?
Central government , among many , new initiative to interact and better service to ordinary tax payers , have created the posts of ombudsman in some cities -New Delhi,Mumbai, Chennai, Kolkata, Bangalore, Hyderabad,Ahmedabad, Pune, Kanpur, Chandigarh, Bhopal and Kochi.etc……having wide territorial jurisdiction. The ombudsman are independent authority created to settle grievance of the taxpayers. He
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