Taxpayers Corner News

View your arrear demand

13 September 2012 at 12:12

As a Taxpayer friendly initiative, a facility to view details of Arrear Demand of taxpayers as communicated by their Jurisdictional Assessing Officers (A.O.) to the Central Processing Centre (CPC) is now enabled on the e-filing website i.e.https:/

Posted in Taxpayers Corner | 5 comments | 23913 Views

Taxpayer's Lounge - the stall set up by Income Tax Department at India International Trade Fair 2011

30 November 2011 at 10:12

Taxpayer's Lounge – the stall set up by Income Tax Department at India International Trade Fair 2011 – receives the First Prize in the category Government Departments

Posted in Taxpayers Corner | 15552 Views

Discretion to customers for selection between RTGS and NEFT

13 August 2011 at 12:06

RBI/2011-12/152 DPSS (CO) EPPD No./274/04.03.01/2011-12 August 12, 2011 The Chairman and Managing Director / Chief Executive Officer of member banks participating in RTGS / NEFT Madam / Dear Sir, Discretion to customers for selection be

Posted in Taxpayers Corner | 10 comments | 33294 Views

IT Initiatives: New Simplified form 'Sugam' to be introduced for small tax Payers - Steps initiated to Reduce tax Related Litigation

28 February 2011 at 14:34

IT Initiatives: New Simplified form ‘Sugam’ to be introduced for small tax Payers - Steps initiated to Reduce tax Related Litigation The Union Budget 2011-12 has laid a special emphasis on reducing the compliance burden of small tax pa

Posted in Taxpayers Corner | 2 comments | 23613 Views

Data of PAN to be verified

21 July 2009 at 12:18

Identity and address of a certain percetange of PAN applications will beverified by visiting the PAN applicants. Hence, an authorized third party agency may visit the PAN applicant to verify the identity and address provided in the PAN application -

Posted in Taxpayers Corner | 21 comments | 53430 Views

Tax on fees for technical services in secondments an enigma

28 April 2009 at 13:47

Authorities have looked at different aspects to decide on the taxability of remittance made Author : Sandeep Ladda & Kapil Sirsalewal/DNAThe opening of the Indian economy has witnessed an exponential growth in investment by foreign companie

Posted in Taxpayers Corner | 1 comments | 33627 Views

Online filing of I-T returns quadruples

14 April 2009 at 10:33

Jumps to 5.8 lakh in 2008-09 vis-à-vis 1.43 lakh a year ago Author : Khyati Dharamsi/DNAThe online mode of filing tax returns seems to be gaining popularity with the aam admi. According to the income tax department data, online fi

Posted in Taxpayers Corner | 7 comments | 45915 Views

Banking cash transaction tax abolished

03 April 2009 at 13:09

Taxpayers will not have to pay the levy on withdrawal of cash from banks with the government withdrawing the Banking Cash Transaction Tax (BCTT) from Wednesday. The government had introduced 0.1 per cent BCCT in 2005 on cash withdrawals of more

Posted in Taxpayers Corner | 9 comments | 48723 Views

PAN Card charges Increased from 1st April 09

31 March 2009 at 14:53

W.e.f. 01.04.2009 the NSDL has stepped up the cost for PAN card (New PAN / Change / Correction) from present Rs. 60 plus Service Tax to Rs 85 plus service Tax. Thus, now one will have to pay Rs.94.

Posted in Taxpayers Corner | 25 comments | 62250 Views

Revised budget estimates suspect

09 March 2009 at 13:58

Overstating receipts; optimistic on plan spending? Author : S Gangadharan/DNAContent :The revised figures of Budget 2008-09 seem to be based on poor fiscal marksmanship.If the total resource mop-up is to conform to the now projected Rs 574,438 crore,

Posted in Taxpayers Corner | 16983 Views