The CBDT vid circular no 2 of 2010 dated 29-1-2010 has decided that any installment of advance tax paid in respect of fringe benefit for A.Y. 2010-11 shall be treated as Advance Tax paid by assessee concerned for A.Y. 2010-11. The assessee can adjust ..
The Government of Punjab,Department of Excise & Taxation has levied Entry tax on 12 new items Punjab Tax on Entry of Goods into Local Areas Act, 2000 (Punjab Act No.9 of 2000) with effect from 05-02-2010 vide notifications dated 01-02-2010. The n ..
1) Tuition fee paid for the education of childrenBelieve it or not, but many taxpayers often forget to claim deduction in respect of the tuition fee paid for the education of their children. Deduction, however, is available to an individual under Sec ..
Inordinate delays in filing appeals for recovery of tax dues by the government have often attracted the attention of the apex court. These delays caused by lapses on the part of revenue officials at Centre and states, however, also represent a system ..
The VAT rate on goods as mentioned in schedule B has been changed fro4% to 5% with effect from 29-01-2010. As per notification GOVERNMENT OF PUNJABDEPARTMENT OF EXCISE AND TAXATION (EXCISE AND TAXATION II BRANCH) Notification The 29th January, ..
The Commissioner of Sales Tax of Maharashtra issued the circular No 5T of 2010 on 28th January and extended the date of filing the VAT audit report in form 704 for the year 2008-09 form 31st January 2010 to 31st March 2010 ..
Delhi , January 27,2010Central Board of Direct Taxes has decided to extend the time limit for filing ITR-V form relating to income-tax returns filed electronically (without digital signature) on or after 1st April 2009, up to 31st March 2010 or withi ..
Income tax evaders are being pushed into an increasingly tight corner – the I-T department is planning restructuring that will help assessing officers spend more time on an assessee than they do now. Currently in Mumbai, an assessing officer, t ..
Income tax refunds may get delayed for a fortnight, following a complete revamp of security buffers in the computer software system of tax departments across the country, after the discovery last week that someone had hacked into an account and made ..
On 22/01/10 the Hon. Finance Minister Mr. Sunil Tatkare has announced at the time of bhoomipujan ceremony of proposed building of sales tax office of Ratnagiri that MVAT Audit date is extended by 2 months. This announcement was made in the presence o ..