Standardizing the process of filing application for approval of an Electoral Trust. ...

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The Safe Harbour rules have been made publicvidenotification dated 18th September, 2013. In order to analyze the number of taxpayers opting for the Safe Harbour, you are requested to provide the following information from the return of income filed till 30th November, 2013: ♦ Name, address, PAN and Assessing Officer of the taxpayer filing Form 3CEFA ♦ Details of eligible international transaction for which benefit under Safe Harbour Rules has been opted 2.You...

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A clarificatoryCircular No. 01/2013, dated 17-1-2013(hereinafter referred to as 'Circular') was issued by CBDT to address various contentious issues leading to tax disputes in cases of entities engaged in export of computer software which are availing tax-benefits under sections 10A, 10AA and 10B of the Income-tax Act, 1961. 2.Instances have been reported where the Assessing Officers are not following the clarifications so issued and are taking a divergent view even in cases where the clari...

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Section 144C, providing for reference to Dispute Resolution Panel (DRP), was inserted in the Income-tax Act, 1961 by Finance (No.2) Act, 2009. Sub-section (1) of section 144C reads as under: "The Assessing Officer shall, notwithstanding anything to the contrary contained in this Act, in the first instance, forward a draft of the proposed order of assessment (hereinafter in this section referred to as the draft order) to the eligible assessee if he proposes to make, on or after the 1st day of...

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Kindly refer to the above (Ref : System Letter of even no., dated 22-10-2013), the first batch of PAN-wise data for AY 2013-14 for assessees who have not paid self-assessment-tax (Rs. 100/- or more) on the day of filing of their e-returns was placed on i-Taxnet (http://10.152.2.10/) in the following path : Resources → Downloads → DIT_SYSTEMS → Unpaid Self-Assessment-Taxes in e-Returns of AY 2013-14 2.I have been directed to inform you that in view of the confusion regarding issu...

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In exercise of the powers conferred by clause (c) of sub-section (2) of section 80G of the Income-tax Act, 1961(43 of 1961), the Central Government hereby specifies 'Archery Association of India', New Delhi as an association for the purposes of said clause for the assessment years 2013-14, 2014-15 and 2015-16 provided that the conditions specified in said rule 18AAAAA shall remain fulfilled....

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Instruction No. 16/2013 F. No.246/95/2013-A&PAC-I Government of India Ministry of Finance Department of Revenue CentralBoard ofDirect Taxes New Delhi, the 31st October, 2013 To All CCsIT (CCA), CCsIT/DGsIT Subject: Revision of Instruction No. 09 of 2006 on Receipt/Revenue Audit Objections Sir/Madam, Reference is invited to Board’s Instruction No.9 of 2006 dated 7.11.2006 on Receipt/Revenue Audit Objections (hereinafter Instruction). It is a matter of concern that despi...

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F.No. 225/117/2013/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated- 24th October, 2013 Order under Section 119 of the Income-tax Act. 1961. In exercise of powers conferred under section 119 of the Income-tax 1961, the Central Board of Direct Taxes, in continuation to order u/s 119 dated 26.09.2013 in F.No. 225/117/2013/1TA.II, hereby directs that in cases where the 'due date' of furnishing reports of audit and corresponding ...

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Reference is invited to Circular No.08/2012 dated 05.10.2012 whereby the rates ofdeduction of income-tax from the payment of income under the head "Salaries" underSection 192 of the Income-tax Act, 1961(hereinafter ‘the Act’), during the financial year2012-2013, were intimated. The present Circular contains the rates of deduction of income-taxfrom the payment of income chargeable under the head "Salaries" during the financial year2013-2014 and explains certain related provisions ...

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F-No. 225/117/2013/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenuecentral Board of Direct Taxes North-Blocky ITA.11 DivisionNew Delhi, the 30thSeptember, 2013 Order In order to facilitate assessees to comply with part (a) of CBDTs order in F.No.225/117/2013/ITA.II dated 26.09.2013, all CCsIT /DsGIT are hereby directed that all Income Tax Offices shall remain open till 8:00 p.m on 30thSeptember, 2013 for the convenience of taxpayers, who wish to file Report of Audit manua...

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F.No. 225/117/2013/ITAIIGovernment of IndiaMinistryofFinanceDepartment of RevenueCentral Board of Direct Taxes North-Block, ‘TAM DivisionNew Delhi, the 30thSeptember, 2013 Order under Section 119 of the Income-tax Act. 1961 On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Di.ect Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends t...

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VideNotificationdated 23.09.2013 issued by the CBDT, Rules 10U to 10UC have been inserted in the Income-tax Rules, 1962 to provide for the entire procedure for monitoring the General Anti Avoidance Rules (GAAR). The relevant forms have also been notified. The said Rules will come into effect on 1st April 2016.—————————— NotificationNo. 75/2013, Date – 23thSeptember, 2013 S.O. 2887(E).- In exercise of the powers conferred by sect...

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F.No. 225/117/2013/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated- 26th September, 2013 Order under Section 119 of the Income-tax Act. 1961. CBDT in exercise of power under sec 119(2)(a) of the IT Act, 1961 read with Sec 139 and Rule 12, has decided to relax the requirement offurnishingthe Report of Auditelectronicallyas prescribed under the proviso to sub-rule (2) of Rule 12 of the IT Rules for the Assessment Year 2013-14 as u...

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Instruction No. 14/2013, Dated – 23rd of September, 2013 Subject: StandardOperating Procedurefor cases under Non-filersMonitoring System(‘NMS’)-regarding The existing procedure for monitoring cases of ‘Non-Filers of IT Returns’ as identified by Director General of Income, Tax (System) has been examined by the Board. It is felt that at present, cases of non-filers are not being uniformly monitored by the Assessing Officers due to lack of consistency in approach i...

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F.No. 380/112013-IT(B). Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 20th September, 2013 To All the CCslT (CCA) Sir/Madam, Subject: Central Action Plan for F.Y. 2013-14-Pending Refunds for AY 2011-12-reg. It is seen from the data available on AST that refunds for AY 2011-12 are pending. These need to be issued at the earliest. The same had been conveyed during the lastVideoConference on 23.08.2013, but the progress so f...

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InstructionNo. 13/2013 F.No. 225/107/2013/ /ITA.II To, All Chief Commissioners of Income-taxAll Directors-General of Income-tax Sir/Madam, Subject: Compulsory Manual Selection of cases for scrutiny during the F. Yr. 2013-14 – regd: I am directed to state that Instruction No. 10 of 2013, dated 5-8-2013 of CBDT on the above captioned subject is partially modified as under:- 2. In Para 3, after clause (i), following clause(s) have been inserted:- (j) Cases where registration...

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It is informed that the payment of Quarterly Advance Tax on or before 15th September, 2013 by the tax payers is a statutory requirement. All such tax payers who are liable to pay advance tax must make payments in the designated branches of the banks authorized to accept tax payments.2. All such designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax payer fails to pay the advance tax o...

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There are many taxpayers who have uploaded their Income Tax Returns electronically (without digital signature Certificate) for A.Y. 2O1l-12 {filed during F.Y. 2O12-13} and for ITRs of A.Y. 2O12-13 [filed on or after1.4,2012], but have either not filed the corresponding ITR-V or have filed it with the local Income-tax office. ITR-V is accepted only at the Centralized Processing Center (CPC) of the Income-tax Department at Bengaluru byordinary or speed post. Therefore, a final opportunity is being...

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Government of India Ministry of Finance (Department of Revenue) Notification No.13/2013 - Service Tax New Delhi, 10thSeptember, 2013 G.S.R....(E).­­_ In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Depart...

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In exercise of the powers conferred by sub-section (6) of section 195 and section 192, section 194B, section 194BB, section 194E, section 194LB, section 194LC, section 194LD, section 196B, section 196C, section 196D read with section 295 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, issued by the Central Board of Direct Taxes vide numberS.O.2363(E) dated the 5th August, 2013published ...

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INSTRUCTION NO 11/2013, Dated: 27 August, 2013 Subject: – Action on Unmatched Challans reflected in Form 26AS –directionof the Hon’ble Delhi HC in the case ‘Court on Its Own Motion vs. UOI & Ors in WP(C) 2659/2012 & WP(C) 5443/2012′- regarding 1. The. Hon’ble Delhi High Court vide its judgement in the case‘Court On its Own Motion vs. UOI and Ors’ (W.P. (C) 2659/2012 & W.P. (C) 5443/2012 dated 14.03.2013) has issued seven mandamuse...

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S.O. 2493(E).– In exercise of the powers conferred by clause (48) of Section 10 read withSection 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard tothe national interest, hereby notifies for the purposes of the said clause, the National Iranian OilCompany, as the foreign company and the Memorandum of Understanding entered between theGovernment of India in the Ministry of Petroleum and Natural Gas and the Central Bank of Iranon the 20th day of January, 201...

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SECTION 144C OF THE INCOME-TAX ACT, 1961 - DISPUTE RESOLUTION PANEL (DRP) - REFERENCE TO - RECONSTITUTION OF DRP AT SPECIFIED AREAS OF JURISDICTION ORDER NO. 1/FT&TR/2013 [F.NO.500/15/2011-FT&TR-I],DATED 13-8-2013 In exercise of powers conferred by clause (a) of sub-section (15) of Section 144C of the' Income-tax Act, 1961 [43 of 1961) r/w Income-tax (Dispute Resolution Panel) Rules, 2009, as amended by Notification No.33/2012 (F.No. 133/13/2012-SO(TPL)/SO1967(E), dated 24-8-2012, and...

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 62/2013 DATED 13-8-2013 It is hereby notified for general information that the organization "Centre for Development of Telematics (C-DOT), New Delhi (PAN-AAATC3895K) has been approved by the Central Government for the purpose ofclause (ii) of sub-section (1) of section 35of theIncome-tax...

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SPECIAL ECONOMIC ZONES (AMENDMENT) RULES, 2013 - AMENDMENT IN RULES 5, 11 & 19 AND INSERTION OF RULE 74A & ANNEXURE IVA NOTIFICATION [F.NO.C.2/1/2013-SEZ],DATED 12-8-2013 In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005(28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely:— 1.(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2013. (2...

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SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2013-14 SUBJECT TO SPECIFIED CONDITIONS NOTIFICATION NO. 61/2013[F.NO.178/37/2013-(ITA-I)]/SO 2424(E),DATED 8-8-2013 In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Governme...

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SECTION 90 OF THE INCOME-TAX ACT, 1961 - DOUBLE TAXATION AGREEMENT - AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION WITH FOREIGN COUNTRIES - ORIENTAL REPUBLIC OF URUGUAY NOTIFICATION NO. 53/2013 [F.NO.500/138/2002-FTD-II]/SO 2081(E),DATED 5-7-2013 Whereas, an Agreement between the Government of the Republic of India and the Government of the Oriental Republic of Uruguay for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on i...

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION NO. 60/2013 DATED 7-8-2013 It is hereby notified for general information that "National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore, (PAN-AABTN6120B) has been approved by the Central Government for the purpose ofclause (ii) of sub-section (1) of section 35of theIncome-ta...

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INCOME-TAX (THIRTEENTH AMENDMENT) RULES, 2013 - SUBSTITUTION OF RULE 12C AND FORM NO. 64 NOTIFICATION NO. 59/2013 [F.NO.142/17/2013-TPL]/SO 2364(E),DATED 5-8-2013 In exercise of the powers conferred by sub-section (2) of section 115U read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1.(1) These rules may be called the Income-tax (13th Amendment) Rules, 2...

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INCOME-TAX (TWELFTH AMENDMENT) RULES, 2013 - SUBSTITUTION OF RULE 37BB AND FORM NOS. 15CA AND 15CB NOTIFICATION NO. 58/2013 [F.NO.149/119/2012-SO(TPL)]/SO 2363(E),DATED 5-8-2013 In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1.(1) These rules may be called the Income-tax (12th Amend...

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Category : Income Tax | Comments : 0 | Hits : 1500