taxworry.com

7 Steps to Easy TDS Correction Return Filing !

taxworry — Sun, 20 May 2012 09:43:59 PDT

7 Steps to Easy TDS Correction Return Filing !Reviewed by Admin on May 20.Rating: 5.0TDS Correction Return Made Easy in 7 StepsThis tutorial will help you in preparing and uploading the rectification or correction of TDS statement / return filed by you which is now vital for every deductee for 26AS depends on this statementAs [...]

Penalty u/s 271(1)(c) For Non Deduction of Tax is Unfair & Unjustified

taxworry — Sat, 19 May 2012 22:23:16 PDT

Penalty u/s 271(1)(c) For Non Deduction of Tax is Unfair & UnjustifiedReviewed by Admin on May 20.Rating: 5.0No Penalty u/s 271(1)(c) for Non Deduction of Tax A number of decision supports the general claim of assessees that in case of non deduction of TDS, neither concealment nor event of furnishing of inaccurate particulars of income [...]

ITAT: Interest Should be Charged After Adjusting Seized Cash

taxworry — Sat, 19 May 2012 10:43:40 PDT

ITAT: Interest Should be Charged After Adjusting Seized Cash Reviewed by Admin on May 19.Rating: 5.0Seized Cash Should be Adjusted For Advance Tax LiabilityIt has been held by ITAT , Kolkata , by relying on Punjab & Haryana High court ruling that interest u/s 234B & 234C can be computed only after adjustment of seized [...]

Penalty:Supreme Court Sets 4 Major Principles !

taxworry — Fri, 18 May 2012 22:13:38 PDT

Penalty:Supreme Court Sets 4 Major Principles !Reviewed by Admin on May 19.Rating: 5.0Supreme Court , through its various decisions , has sets in good principles for imposition of penalty u/s 271(1)(c) of the Income Tax ActPenalty u/s 271(1)© of the Income Tax Act is initiated by assessing officer , usually when he makes addition while [...]

Agriculture Income – A quiz for CA , CS, CWA Students

taxworry — Wed, 16 May 2012 20:29:58 PDT

Agriculture Income - A quiz for CA , CS, CWA StudentsReviewed by Admin on May 17.Rating: 5.0Quiz on Taxation of Agriculture Income For CA,CS & ICWAI StudentsA set of 10 multiple choice questions on taxation of agriculture income and certain definition section under Income Tax Act for students of CA,CS & ICWAI studentsUnder Income Tax [...]

CBI Set to Enquire 23 ITAT Members Conduct

taxworry — Tue, 15 May 2012 07:56:26 PDT

CBI Set to Enquire 23 ITAT Members ConductReviewed by Admin on May 15.Rating: 5.0CBI to Enquire 23 ITAT Members' ConductLaw Ministry has accorded sanction to register preliminary inquiry against 15 members of ITAT . 8 members who are retired are already subject matter of preliminary enquiry as the sanction was not required .The Law Ministry [...]

Disallowance u/s 40(a )(ia) : 2 Great Reliefs from Courts

taxworry — Sun, 13 May 2012 21:05:46 PDT

Disallowance u/s 40(a )(ia) : 2 Great Reliefs from CourtsReviewed by Admin on May 14.Rating: -Sec 40(a)(ia): Only Payable Amount Can Be Disallowed Recently , Special Bench of ITAT, Vishakhapatnam in case of Merilyn Shipping held that the disallowance u/s 40(1)(ia) for non deduction of tax can be done only against payable amount and not [...]

MCA: Cost Auditors to Report in XBRL Format

taxworry — Sat, 12 May 2012 09:58:29 PDT

MCA: Cost Auditors to Report in XBRL FormatReviewed by Admin on May 12.Rating: 5.0XBRL Mandatory for Cost Auditor Now !Ministry of corporate Affairs has issued circular that cost auditor will now have to file cost audit report in XBLR format for the year 2011-12 onwards It has been decided by the Ministry of Corporate Affairs [...]

When is the Validity of Notice of Assessment Questionable ?

taxworry — Sat, 12 May 2012 07:25:08 PDT

When is the Validity of Notice of Assessment Questionable ?Reviewed by Admin on May 12.Rating: 5.0Wrong Status of Assessee on Notice May Invalidate Proceedings In certain circumstances, the wrong status on the notice of assessment or reassessment can make the proceeding void ab initio .Notice under different sections of the Income Tax Act is the [...]

Senior Citizen Interest Rate 9.3 % from 1st April

taxworry — Fri, 11 May 2012 08:33:22 PDT

Senior Citizen Interest Rate 9.3 % from 1st AprilReviewed by Admin on May 11.Rating: 5.0Interest Rate for Senior Citizen Savings Changed from 01/04/2012Government has notified change in interest rate for deposits after 1st April 2012 in case of Senior Citizen Savings SchemeSenior citizen savings scheme has got an amendment in rate of interest ! It [...]