Panama Papers What are Panama Papers ? 2.6-terabyte leak of confidential papers of Panamanian law firm called “Mossack Fonseca ” to the International Consortium of Investigative Journalists is called Panama Papers. Mossack Fonseca was helping foreigners to set up Panamanian shell companies to hold financial assets while obscuring the identities of their real owners. The documents provide… Read More »
Gatimaan Express Shri Suresh Prabhakar Prabhu Flags off First New Semi High-Speed Train “Gatimaan Express” from H.Nizamuddin to Agra Cantt. Station today i.e. 05-04-2016 Commissioning of Main Concourse at Hazrat Nizamuddin Station Along with Enhanced Passenger Amenities and Executive Lounge at Agra Cantt Gatimaan Express will Run on All Days of Week Except Friday… Read More »
Solid Waste Management Rules Revised After 16 Years; Rules Now Extend to Urban and Industrial Areas’: Javadekar Central Monitoring Committee Under Environment Secretary to Monitor Implementation The Environment Ministry has revised Solid Waste Management Rules after 16 years. Addressing a press conference to announce the revised Rules here today, Minister of State (Independent Charge) of… Read More »
Challan for Paying Income Tax Appeal Fees FAQ’s on Challan for Income Tax Appeal Fees :- If I have to deposit fees for filing appeal , which Challan I should Use? Income Tax Challan No. 280 (For Payment of Income tax) Corporate Assessee:- In case you have to deposit appellate fees, copying charges or other miscellaneous… Read More »
Release of new functionality to taxpayers to secure their E-filing account The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not share them with others. In order to ensure that taxpayers are able to secure their E-filing account… Read More »
Release of E-filing of Income Tax Returns (ITR) and other forms In pursuance of the Notification of the Income Tax Returns (ITR) for AY 2016-17 on March 31st, 2016, Central Board of Direct Taxes (CBDT)announces the release of electronic filing of ITRs 1 and 4S on its website https://incometaxindiaefiling.gov.in. Other ITRs will be e-enabled shortly.… Read More »
E file Income Tax Appeal with CIT (appeals) 1. Login to user account in Income Tax E-filing Website 2. Go to menu -> e-File -> Prepare and Submit Online Form (Other than ITR) 3. The following window appears: Fill the PAN, under Form Name Select “35” , select the Assessment year for which appeal is… Read More »
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Facts of the case For the assessment year 2009-10, the assessee’s case processed under scrutiny assessment u/s 143(2). Thereafter, the Assessing Officer passed an order dated 23.6.2011, recomputing the income and ultimately arriving at the conclusion that an amount of Rs.57,162/- was due as refund by the Department to the assessee The assessee died on 13.6.2013. The Commissioner… Read More »
Facts of the case Petitioner had not deducted income tax, at source, on the payments made to Bihar Rajya Pul Nirman Nigam Limited and Bihar State Road Development Corporation Limited ((hereinafter referred to as ‘the Corporations’) for the period 2012-13, 2013-14 and 2014-15 and, therefore, raised a demand of Rs. 4,07,33,189/-, Rs.50,99,60,809/- and Rs.63,51,95,228/- for… Read More »