Section 80D of the Income-Tax Act, talks about the deduction in respect of premium pad towards a health insurance policy for self, spouse, dependent children and parent.
A new and unique virus has been identified to be “spreading widely” in the Indian cyber space which often sensibly steals bank account data in addition to passwords associated with the customer after it is visited.
Branch Manager, UCO Bank Vs. ACIT (ITAT Cuttack)The Assessing Officer imposed penalty under section 272A(2)(k) for delay in filing the TDS return under section 200(3). The assessee’s argument that the delay was due to a shortage of staff was rejected on the ground that the same was not reasonable cause. The CIT(A) confirmed the penalty.
Remote Aadhaar Seeding Framework (RASF)To avail benefits of Direct Case Subsidy for LPG-Oil or for pension and other government schemes, there is no need to submit your aadhar card number with any office, shop or gas station. You can do this while sitting at your home with the help of UID website http://www.rasf.uidai.gov.in. Let’s see how to use the site.
Recent Provisions of Service Tax on Goods Transport Agency [Section 65B(26)]Goods transport Agency has been defined as any person
In the last few months, several taxpayers have received similarly worded notices from the I-T Department. As per the I-T Department, in these cases, the current refund claims were adjusted against tax that these assessees owe the department.
Download revised income tax calculator for financial year 2013-14.
The Last date for filing Service Tax Return form ST-3 for Half yearly Oct'12 to Mar'13 has been further extended from 25th April, 2013 to 31st August, 2013. The Form for filing the return is expected to available by 31st July, 2013. The Notification is available hereunder:-
SECTION 203 OF THE INCOME-TAX ACT, 1961, READ WITH RULE 31 OF THE INCOME-TAX RULES, 1962 - DEDUCTION AT SOURCE - CERTIFICATE FOR TAX DEDUCTED - ISSUANCE OF CERTIFICATE FOR TAX DEDUCTED AT SOURCE IN FORM NO.16
CIRCULAR NO. 4/2013 [F.NO.275/34/2011-IT(B)], DATED 17-4-2013
AN advocate practicing Income Tax is before the Delhi High Court seeking a direction to the Income Tax Department to supply the copy of the Central Board of Direct Taxes (in short CBDT) circular/ instruction dated 19.06.2009. The information sought under the RTI Act from the Department was refused and the advocate did not succeed in his appeals till the CIC.
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Tarun Kumar Gupta
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