CBDT Notifies Cost Inflation Index for F.Y.2012-13
CBDT has notified the Cost Inflation Index for the F.Y.2012-13 (A.Y.2013-14) as 852
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Time limit for 23AC & ACA for 2011-12 extended
The Ministry of Corporate Affairs vide its General Circular No 28/2012 has extended the due date for filing the Form 23 AC & FOrm 23ACA (NON XBRL Companies) to 15th of October or 30 days from the date of AGM whichever is later. The relevant notification is reproduced below : [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/09/General_Circular_28_2012.pdf”]
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Change in TNVAT Monthly return
The Government of Tamilnadu has notified through publication in the official gazette, certain changes in Monthly returns to enable generation of Form C & Form F online through TNVAT portal. The relevant notification is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2012/08/gn232_100812-1.pdf”]
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Last date for filing return of Income due on 31st July 2012 extended till 31st August 2012
The Central Board of Direct Taxes (CBDT) vide its order under Section 119 of the Income-tax Act, 1961 dtd 31st July has extended the “due date” for filing returns of Income for the A.Y.2012-13 to 31st August 2012 in respect of assessees who are liable to file such returns by 31st July 2012 as per
Check Refund Status online
The Income-tax Department has launched an online utility to check the status of Income-tax refunds. By providing the basic details such as the PAN & Assessment year for which the refund is due, the status of the refund can be obtained from this link. Click here to know your refund status.
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ITR 5 – E filing enabled !
The Income-tax Department has enabled the Income-tax efiling in ITR 5 in respect of Firms, AOP’s & BOIs. The excel utility for filing e return in ITR 5 has also been published. Click here to download the excel utility. Source :- www.incometaxindiaefiling.gov.in
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Taxation of Services – An Educational Guide
The Central Board of Excise and Customs has released a handbook on “Taxation of Services” under the new Service Tax regime. This hand book covers the entire provisions and important notifications with regard to new Service tax provisions under “Negative List” approach of taxation of services. For the benefit of our readers, we provide below
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Accounting Code for payment of service tax under the Negative List approach to taxation of services
The service tax department has issued new circular spefifying new accounting codes under the Negative List approach to taxation of services. As per this circular, the Accounting Codes to be used for payment of service tax under Negative List approach, w.e.f 1st July 2012 has been specified. The relevant circular is reproduced below :- [gview
Have you lost your PAN Card? Do you have mistakes in PAN Card issued? How to obtain a Duplicate/Correct one?
PAN Card is not only a document used for Income-tax purposes. It is also used as an Identity Proof for many transactions apart from being required by many statutes as a base document. Many people due to their bad luck lose their PAN Card (or) some times have their PAN Cards in a damaged condition.
Statutory Compliances for the month of July 2012
Statutory Compliance Last Date Payment of Service Tax for the month of June 2012 in respect of Corporate Assessees 5th July (6th July for e-payments) Payment of Service Tax for the Quarter ended 30th June 2012 in respect of Non corporate Assessees 5th July (6th July for e-payments) Deposit of Tax Deduction at Source (TDS)
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All about House Rent Allowance (HRA)
All about House Rent Allowance House Rental Allowance also called as HRA is given by the employers to their employees in order to meet their expenses towards the rent paid for their residential accommodation. Normally, many employers give the benefit of House Rent Allowance as the part of the Pay package which can be
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Is it mandatory to file returns if you have a PAN Card ?
Are all PAN Card holders required to file their return of income? This is the question raised by many persons who possess PAN Card. We need to understand the requirement of PAN Card first before answering this query. Who are mandatorily required to obtain PAN ? Section 139A of the Income-tax Act provides that the
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Due Date for filing Returns for the year 2011-12 (A Y 2012-13)
The Due dates for filing Income-tax returns for the year 2011-12 (A.Y.2012-13) is as follows :- 31st July 2012 – Salaried Employees , Assessees with Rental & Interest Income only, Business with less than 60 Lakhs turnover. 30th September 2012 – All Corporate assessees and Business Assessees who are subject to Audit Click here to
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New DIN 1 form notified
The Ministry of Corporate Affairs vide its Notification No GSR 298(E) dtd 5t June 2012 has notified new DIN1 form for making application for allotment of Director Identification Number (DIN) for directors of Indian Companies. Click here to download the new DIN 1 form.
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Extension of time limit for filing Annual Return by LLPs
In view of the Integration of LLP Portal with MCA Portal and subsequent non availability of LLP system for filing documents, the Central Government has through its circular has notified that the Annual return of LLPs shall be filed upto a period of 90 days from the end of the financial year as against 60
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