News & FAQs

Like Housing Loan Cover Insure Your Home and Valuables Too

News & FAQs | By ALOK PATNIA | Apr 24, 2013

As Reported by the Economic Times of India: Disasters, natural or manmade, often serve as a rude reminder about buying insurance covers. ...

Tax Returns filed without payment of full taxes to be treated as defective return

News & FAQs | By ALOK PATNIA | Apr 22, 2013

Tax Returns filed without payment of full taxes to be treated as defective return.   The existing provisions contained in sub-section (...

Government To Regulate Foreign Companies Having Online Operations In India Under Companies Bill 2012

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Apr 21, 2013

The Indian government plans to regulate all foreign companies and businesses who have operations in the country through online and electr...

RBI notifies new interest rates on PPF, SCSS – Effective from April 1, 2013

News & FAQs | By ALOK PATNIA | Apr 20, 2013

RBI notifies new interest rates on PPF, SCSS – Effective from April 1, 2013. The Reserve Bank of India (RBI) notified 0.1 percent...

Direct taxes code bill will get delayed

News & FAQs | By ALOK PATNIA | Apr 18, 2013

The Direct Taxes Code bill will get delayed and  is not likely to be tabled in the Budget session of Parliament as alimited fiscal space...

Does Anybody In The Govt. Care For The Welfare Of The Income-tax Tribunal?

This is another classic example of how this central government is still counting days and not working there, total non-operational era. T...

IT dept to 'name and shame' habitual tax evaders

News & FAQs | By ALOK PATNIA | Apr 15, 2013

The Income Tax department has decided to name and shame chronic tax defaulters by publicising their names and addresses. It is in the...

Online Income Tax Return Filing Mandatory for Income above 5Lacs

A senior Finance Ministry official clarified that online Income Tax Return Filing Mandatory for Income above 5Lacs. Simply put, taxpayers...

Stop Harassing Assessees – Strict guidelines issued to Income Tax Dept

News & FAQs | By ALOK PATNIA | Mar 18, 2013

Court on Its Own Motion vs. CIT (Delhi High Court) As Reported by the ITATONLINE.ORG – Anand Parkash, FCA, addressed a letter dated...

Budget 2013: TDS on Immovable Property U/s 194IA

In an attempt to address the fiscal deficit and increase revenue collection, among other things, the finance minister has said that 1% ta...

Defaulter Assesses Either Clear Dues or Face Action – IT Warns

News & FAQs | By ALOK PATNIA | Mar 13, 2013

As Reported by The Economic Times of India – Assesses has been asked to clear the dues by 31st March 2013 in case payment of taxes ...

Fees for Technical Services Does Not Include Services Rendered By Machines

News & FAQs | By ALOK PATNIA | Mar 12, 2013

Siemens Limited vs. CIT (ITAT Mumbai) As reported by the ITATONLINE.ORG – The assessee made payment to a laboratory in Germany for ...

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