The department has released information about a raid conducted by a gang of 6 persons who, on the basis of fake identity cards and fake letter from the CIT, got police protection to conduct a raid on a doctor. The gang took away Rs. 11 lakhs and demanded a bribe for closing the case. The department suspects that the master-mind (Mr. V. D. Goyal) may be an ex-employee of the department as he appeared to be well versed with procedures/law of search. The department has released his picture and requested for assistance in arresting him so as to save the respect of the department
itatonline.org
Only the latest & most important updates on taxation
Finance Ministry Adopts Belligerent Stand On Vodafone Retrospective Amendments
Ministry of Finance Press Release On Retrospective Amendments in Finance Bill 2012
Minutes Of Meeting With Hon’ble President, ITAT, on 18.04.2012
A meeting to discuss several issues relating to the working of the Tribunal was held with Hon’ble Shri. G. E. Veerabhadrappa, President of the Tribunal, on 18th April 2012. At the meeting, the Hon’ble President readily agreed to several important suggestions made by the managing committee. The Minutes of the Meeting, duly approved by the Hon’ble President, are available for download.
5 Member Special Bench on set-off of s. 10A Unit’s Loss Disbanded
Vide Order dated 9.3.2012, Shri. G. E. Veerabhadrappa, the Hon’ble President of the Tribunal, has withdrawn the reference to the 5 Member Special Bench of the Tribunal in the case of Tandon information Soluations Pvt. Ltd, ITA No. 6591/M/07 for the A.Y.2003-04
Vacancy in posts of “Income Tax Ombudsman” (April 2012)
The Ministry of Finance has vide letter dated 4.4.2012 invited applications for appointment to the post of “Income Tax Ombudsman”. The post of “Income Tax Ombudsman” carries a pay scale of Rs.75500-80000. Interested candidates are requested to forward their application by 30.5.2012 indicating their preferred location
DRP Revised Constitution w.e.f. 10.04.2012 + Corrigendum
Vide Order No. 4/FT&TR/2012 dated 10.4.2012 read with Corrigendum dated 11.4.2012 the CBDT has reconstituted the Dispute Resolution Panel (DRP) comprising of three Commissioners of Income Tax/Directors of Income Tax as Members of DRPS at Delhi, Mumbai & Ahmedabad who shall perform such duties in addition to their regular duties with immediate effect and until further order
Postings of Probationer Assistant Commissioners of Income-tax
Vide Order No. 67 of 2012 dated 13.4.2012 the CBDT has posted several Assistant Commissioners of Income Tax (Probationers) in the pay scale of Rs. 15,600-39, 100 (Plus Grade pay of Rs. 5,400 in PB-3), on completion of training at National Academy of Direct Taxes, Nagpur, in the Region of CClT(CCA)/Station/Charge indicated-against each with immediate effect and until further orders
Procedure for Issue of Form 16A TDS Certificate: CBDT Circular
Section 203 of the income-tax Act, 1961 (“the Act”) read with the Rule 31 of the Income-tax Rules, 1962 (“the Rules”) provides for furnishing of certificate of tax deduction at source (TDS) by the deductor to the deductee specifying therein the prescribed particulars like amount of TDS, permanent account number (PAN), tax deduction and collection account number (TAN), etc. The relevant form for such TDS certificate is Form No. 16 in case of deduction under section 192 and Form No. 16A for deduction under any other provisions of Chapter XVII-B of the Act TDS certificate in Form No. 16 is to be issued annually whereas TDS certificate in Form No. 16A is to be issued quarterly
CBDT Objects To UN Model Double Taxation Avoidance Agreement 2011
In response to the 2011 update of the UN Model Convention which was launched on 15.3.2012, the CBDT has addressed a letter dated 12th March 2012 in which it has registered its objections to the provisions in the UN Model Convention. In particular, the CBDT has stated
Proforma Promotion Of ACITs As CITs
Vide Order No. 65 dated 3.4.12 passed by the CBDT in continuation to Order No. 8 of 1012 dated 12.1.2012 the President is pleased to grant Proforma Promotion the several Additional Commissioner of Income Tax, who are on deputation to ex-cadre posts mentioned against each of
them to the grade of Commissioner of Income Tax, CBDT in the Pay Band-4 Rs. 37,400-67,000/- Plus Grade Pay of Rs. 10,000/- w.e.f. 17.1.2012 i.e. the date on which their junior was promoted
Recent Comments