Press Release dated 23.0.2012 issued by the Ministry of Finance Income Tax Department Starts Two More Taxpayer Friendly Initiatives : ‘Register for Home Visit’ and ‘Online Tax Help’ In order to make the Income Tax Return filing experience even more …
Finance Ministry’s Press Release Reg “Taxpayer Friendly Initiatives” Read More »
The United Kingdom Parliament has approved the Finance Act 2012. From an Indian perspective, the Act is interesting for its treatment of “Controlled foreign companies and foreign permanent establishments” given that a similar concept will be introduced in the Indian legislation sooner or later. Also of interest is the manner in which the transfers of “long-term business” is taxed
The United Kingdom’s HM Revenue & Customs has issued a Consultation Paper dated 23.07.2012 called “Lifting the lid on Tax Avoidance Schemes” to discuss how Tax Avoidance Schemes are created and what steps can be taken to expose them. The Paper also describes proposals for revising and extending the Disclosure of Tax Avoidance Schemes (DOTAS) regime
Despite the previous clarification, a number of queries have continued to be raised on various aspects of the exemption/ reverse charge on service-tax on Advocates’ services. To resolve all queries, CA Rajkamal Shah, a well known expert in the filed, …
Guide To Service-tax On Advocates From 1.07.2012 Onwards Read More »
Press Release dated 20.07.2012 issued by the Ministry of Finance: Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
Vide order passed in pursuance of the consultations of the collegiums of the Income Tax Appellate Tribunal, consisting of the President and two senior-most Vice Presidents, Shri D. Karunakara Rao,, Accountant Member, Income Tax Appellate Tribunal, Hyderabad Benches, Hyderabad has been transferred in public interest, in the same capacity to the Income Tax Appellate Tribunal, Mumbai Benches, Mumbai with immediate effect
Vide Order No. 143 of 2012 dated 13.07.2012, the CBDT has nominated the officers to hold additional charge in place of the Chief Commissioners & Director Generals who have been selected for the Advanced Mid Career Training Programme
The Ministry of Finance has released a power-point presentation on 13.07.2012 explaining the entire concept of service-tax and the changes made thereto by the Finance Act 2012 in a simple and easy-to-understand format. The presentation will be useful for all tax professionals
The Prime Minister has approved the constitution of an Expert Committee on GAAR to undertake stakeholder consultations and finalise the guidelines for GAAR. This committee would manage the consultation process and finalise the draft GAAR Guidelines
Vide letter dated 11.07.2012, the CBDT has released a list of Chief Commissioners of Income-tax who have been selected for “Advanced Mid-Career Training Programme” which entails a 3 weeks in Bangalore and 2 weeks in the USA
Recent Comments