What is Form 26AS?Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement, with respect to a financial year, will include details of:a) tax deducted at source (TDS);b) tax collected at sour ..
FAQ e-TAX Payment What is e-payment of taxes? This is a facility provided to the taxpayers to make income tax payments through internet, using net-banking facility. How can I use this facility to pay income tax? You can use the facility if - a) You ..
RULE 6(3) OF CENVAT CREDIT RULES – A BOON OR BANE TO EXEMPT GOODS MANUFACTURERSByK.Prakash Babu, Advocate/ConsultantAkasam consulting pvt. Ltd, Hyderabad * * *A manufacturer or an excise gentleman can just travel down the memory lane and fee ..
In the case of M/s A.P.Products v. State of Andhra Pradesh and others, JT 2007 (9) SC 58. the Apex Court after considering various decisions on the issue as to what is processing and what is manufacturing, has held that the ingredients which are used ..
Recently I was discussing with my friends and colleagues that what are different means to get the chemical structure of a compound searched using various data bases especially in those cases where we don’t know the molecular formula or substruc ..
THE QUESTION OF SUBSTANTIAL QUESTION OF LAW SUBSTANTIATED In Hero Vinoth v. Seshammal (AIR 2006 SC 2234), it was laid down that a question of law having a material bearing on the decision of the case (that is, a question, answer to which affects th ..
Taxation in IndiaBy Divya Prasad India's tax collection structure is well divided and the central government, state governments and local bodies are responsible for it. The union governments collect income tax, central excise and service tax while th ..
Om Metals Infraprojects vs. CIT (ITAT Jaipur) Where the assessee entered into an agreement with the Vidharbha Irrigation department for supply, erection and installation of dam gates and the question arose whether it was “developing an infrastructura ..
Where the assessee entered into a ‘secondment agreement’ with a US Company and obtained the services of an employee and the question arose whether the reimbursement by the assessee to the US Company of the salary paid by the US Company was chargeabl ..
Where the AO issued a notice under section 147 of the Act and also tried to serve it on the assessee within the limitation period of six years but the assessee claimed that same was served only after the expiry of the limitation period and the ques ..