Updates - Taxation

Excel for Chartered Accountants

01-02-2014

Can Maternity Hospital facilitating deliveries be considered U/s 10(23C) (iiiae) of Income Tax Act-Allahabad High Court

11-02-2014

Relaxation in ITR-V filing time limit for refund cases AY 09-10 to AY 11-12 till 31.03.2014

11-02-2014

ICAI: Tax Audit Limit Increased from 45 to 60 for audits during FY 2014-15 and onwards

10-02-2014

CBDT Press Release: Payment of Interest on Income Tax Refund is Statutory Obligation

04-02-2014

CBEC Circular: No Service Tax on Forward Contacts between the period 10-09-2004 to 30-06-2012

07-02-2014

How to resolve DSC JAVA-7 update 51 Applet error in Incometax E-filing Website

17-02-2014

Service Tax Exemption to activities related to rice under Negative List

17-02-2014

Service Tax Mega Exemption to Cord/Stem Blood Banks

14-02-2014

Additional Tax u/s 115R not applicable to redemption/repurchase or Bonus Units of MF

14-02-2014

CBDT Circular: Disallowance of Expenses u/s 14A when income is not earned

17-02-2014

Interim Budget 2014-15: No Direct tax Changes Proposed - Highlights

05-03-2014

CBDT Circular: TDS/TCS Return date extended FY 2012-13 (Q2-Q4) and FY 2013-14 (Q1-Q3)

28-02-2014

TDS CPC Communication : Downloading of Form 16, 16A froTRACES is mandatorym

21-02-2014

Income Tax Data Matching identified 21.75 lakhs potential non-filers

14-03-2014

last date for advance tax payment extended to 18-03-2014 in place of 15-03-2014

23-04-2014

CBDT Circular-Depreciation Claim on Road Projects under BoT with right to collect toll

21-03-2014

Interest Rates on PPF SCheme 1968 and Senior Citizen Saving Scheme 2004 for FY 2013-14

20-03-2014

Extention of the date for receipt of ITR-V for AY 2012-13 and AY 2013-14

01-04-2014

Compulsory e-filing for ITR-5 and ITR-7 from AY 2014-15

31-03-2014

CBDT Zonal work distribution among CBDT Memebrs wef 01/04/2014

25-04-2014

File Validation Utility (FVU) version 4.2 (for statements pertaining to FY 2010-11 onwards), FVU version 2.138 (for statements pertains to FY 2007-08 to FY 2009-10) & Return Preparation Utility (RPU) version 3.9 will be available for download from TIN website and the same will be mandatory with effect from April 26, 2014.

09-05-2014

PAN level aggegated TDS Compliance for all associated TANs

21-05-2014

New PAN Form 49A and 49AA with option for Mothers name printing on PAN Card

27-05-2014
Constitution of SIT to investigate hasan Ali's Case and Black Money outside

28-05-2014
Sharing of Wealth Tax information by Income Tax Department with bank

30-05-2014
Structurally valid but non existent PANs n TDS Returns

30-05-2014
Form 15G and 15H where payments exceeds basic exemption Limit

30-05-2014
Revised procedure for acceptance of TDS Correction Returns without original PRR Receipt

31-05-2014
EPFO Circular-PF Contribution over the wage ceiling limit can not be forced on employers

01-06-2014
Notification: E-filing of Audit Reports under section 10AA, 44DA, 50B and 115VW

05-06-2014
Allahabad High Court - TDS Credit must be given on production of TDS Certificate despiite mismatch

05-06-2014
CBDT Instruction No. 5 /2013 on TDS Mismatch and procedure to be followed by Assessing Officer

10-06-2014
Step-wise guide and tutorial for filing online income-tax rectification request

10-06-2014
Filing of Online rectification Request for TDS Mismatch

10-06-2014
RBI simplifies KYC - Only one documentary proof of address at the time of bank account opening

05-06-2014
Alahabad High Court-Payment of Service Tax even if not mentioned in the agreement

12-06-2014
Cost Inflation Index for FY 2014-15 and Chart of CII since 1980-81

12-06-2014
Budget 2014 - Modi Government Expected Deductions, reliefs, Rebates of Income Tax

18-06-2014
TDS Carry forward and matching with income under cash basis of accounting

20-06-2014
Incometax e-filing Portal : Update mobile and email immediately to avoid login problem

24-06-2014
CBDT Notification: New Wealth TAX Return Form BB - Mandatory e-filing

27-06-2014
Incometax e-filing mobile & email updation - Do not resort to illicit ways to bypass the process

30-06-2014
RBI not to give instructions on TDS on remittances to Non-residents - CBDT Notification to prevail

05-07-2014
Supreme Court-Disallowance u/s 40(a)(ia) would apply to amounts remaining payable at the end of the year

10-07-2014
Budget 2014-15 Income tax Key Highlights

10-07-2014
Budget 2014-15 Service Tax Key Highlights

11-07-2014
Budget 2014-15 New Income tax Slabs and rates for Individuals, HUF

11-07-2014
CBDT Instruction 5-2014. Revision of monetary limits for filing appeals by Department before Tribunal, High Courts and Supreme Court

11-07-2014
CBEC Circular 178-2014. Circular 178. Input Service Credit distribution among more than one unit to be pro rata in turnover ratio

15-07-2014
Availability of rebate u/s 87A for AY 2015-16

16-07-2014
TDS rate chart for AY 2015-16 after Budget 2014-15 changes

18-07-2014
CBDT-Formation of Committee to study appellate orders before CIT(A), filing appeals before ITAT