Popular Articles

Inconsistencies in the TDS/TCS return

Posted by Admin 08 September 2007 6289 Views

Directorate of Income Tax (Systems) has sent letters todeductors giving the details of inconsistencies in the TDS/TCS returnfiled. The details pertain to the first three quarters of F.Y. 2006-07.The following explains the various possible problems in

Nil TDS return

Posted by RAJAN GUPTA 08 September 2007 7295 Views

If there is no deduction in a particular quarter, should I file the NIL etds statement?The answaaykarbhavan group er is no,The filing of a NIL statement is not mandatory.As per section 200(3)Any person deducting any sum on or after the 1st day of Apr

OFFICIAL WORD ON:IS NIL TDS RETURN MANDATORY

Posted by RAJAN GUPTA 08 September 2007 7296 Views

In my view its not mandatory,now dept has given some clarification on this subject,though not directly on this subject but while answering the FAQ on form 24 Q ,Q4,it has been made clear that nil etds statement is not mandatory. But return 24q q4 sho

Brass tack of Excise

Posted by Harish 07 September 2007 7503 Views

Brass Tacks of Excise Central Excise duty is an indirect levy and collection of tax on goods manufactured or produced in India. To levy any duty, tax etc it should be in accordance with the constitution of India. Entry 84 of Union List empowers the

Take Care and make ur life easier-CA's

Posted by CA Nikita 06 September 2007 6258 Views

- At early age if the person manage to have his own residence house. He would prefer to go for that first. It will not only give the benefit of tax, but vis-à-vis offers security in life. He would also think of the following option availabl

AAS

Posted by Kaustuv 05 September 2007 9669 Views

I. As the members are aware, the Institute of Chartered Accountants of India has tilldate issued 35 (thirty five) Auditing and Assurance Standards (AASs). It may be reiterated that all the Standards are mandatory in nature. This means that while carr

DO & DONT"S while TAX DEPOSIT

Posted by Aisha 05 September 2007 7319 Views

1) TAX DEPOSITDo(a) TDS/ TCSi . Use challan type 281 for deposit of TDS/TCS.ii. Quote the correct 10-digit Tax Deduction Account Number (TAN) and name & address of the deductor on each challan used for depositing tax. You may verify your TAN deta

KNOW YOUR SERVICE/EXCISE REGISTRATION NUMBER,LOCATION CODE ,DOWNLOAD NEW GAR-7/TR-6

Posted by RAJAN GUPTA 05 September 2007 168329 Views

LikeIncome tax/Fbt Central board of excise & custom(CBEC) has started new single page challan to deposit central excise or service tax named as GAR 7/TR-6 from 01.04.07 onwards.ElectronicAccounting System In Excise and Service Tax(EASIEST)The EAS

New derivatives valuation norms to sway banks' bottomlines

Posted by CA Nikita 01 September 2007 4464 Views

Bank balance sheets may turn more volatile on account of the new accounting rules that would change the way derivatives are valued. The central bank has set up a sub-group to look at implementation of Accounting Standard 30 (AS 30), which pertains to

SCOPE OF THE ETDS/ETCS STATEMENT ENHANCED

Posted by RAJAN GUPTA 01 September 2007 4824 Views

CBDT has enhanced the scope of filling Etds/Etcs return by amending the rule 31A(applicable on etds) and 31AA(applicable on etcs) vide Income-tax (Ninth Amendment) Rules, 2007NOTIFICATION No. 238/2007, dated 30-8-2007.Now following person are liable