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30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
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< Comments posted
USA wants global income to be reported on their tax return, so India also wants global income to be reported on tax return.
If everything of USA has to be copied, then is the Rupee going to be equal to Dollar? Are those freeways built here?
On the taxpayers' most absorbing concern over 'harassment', and the PM's purported initiative to assuage their long-living anxiety, the latest reported move from the CBDT is seemingly just in the diagonally opposite direction. For more, refer the Add-on @ Gender Diversity on Corporate Boards: The Need to Move Beyond Rhetoric (ICL Blog)
If they can build a CIBIL, they can collect financial details easily of any individual, this is with specific response to Individuals.Then CBDT can send the individuals a bill which may to scrutinised by the individual citizen and then paid. OTHERWISE THROW AWAY THE PAN CARD. There is a huge difference between an individual and a corporate with a huge battery of lawyers and accountant. There MUST be a separeate department for handling individuals. What we have is the TYRANNY OF THE TAX BABUs.
WITHIN A MONTH'S TIME AFTER THE ERROR IS POINTED OUT. THERE SHOULD BE NO NEED TO FILE RETURN FOR SUCH ERRORS ON PART OF BANKS/ POST OFFICE.
Closure of Short Payment Defaults to facilitate downloading of Conso Files/ TDS Certificates
http://taxguru.in/income-tax/closure-sho...
According to the scheme of things as embodied in section 200A of IT Act itself,in terms thereof, in one's personal view, a refund of TDS, even if it be in excess,is due and has to be granted to the 'deductor'; not to the deductee.
That holds good to ANY deductor,not only to Banks / POs.
If so,any TDS 'deducted by mistake', that is wrongly,it is the deductor who should claim and obtain a refund.
In other words, the deuctee's recourse would be to the dedeuctor , who should be demanded to make good for the amount of witholding.
See the recently posted comment on the website of Taxguru, wprt 2 recent circulars of CBDT, - though on the topic of short TDS.
Suggest to check with the department,and get it confirmed, if any doubt or difficulty faced.
excise deptt still does not approve the excise registration though excise reg certificate issued and they have completed the inspection of unit and also no query raised after 7 days of inspection and hold the matter at range level and tells that they are busy in march 2015 ending
regards
kc singhal
As is readily noted , the PM , in his reported video conference, expressed dissatisfaction on, (a) delays in responding to public grievances, and (b) “harassment meted out to taxpayers and officious behaviour of officials from I-T Dept.” The CBDT, however, in its in-house letter,
as read and understood, underlined the need to, rigidly adhere to the timelines laid down unwittingly or otherwise, omitted to even make an oblique mention of the other aspect (as in (b) above). It is common knowledge that, while delayed response to grievances is just one, is not all; for, the most concern of most taxpayers is the harassment meted out in other ways as well. The most predominant and commonly heard of public grievance has something to do with the law being administered by the authorities, strictly in accordance/coherence with the letter and/also spirit of it; and do so, objectively, with a profound fair-mindedness, and more importantly keeping in focus the overriding common law principles of equity, good conscience, so on,- cryptically called, ‘natural justice’. That is an all inclusive concept, to take within its coverage anyone or more of areas of concern to taxpayers, domestic or foreign.
This is an aspect which, time and again, has come to be forcefully urged by the taxpayers and professional advisers, including retired Revenue officials; so also underlined by courts open to be gathered from case law. For getting to know more and intimately, anyone can care to and go through the host of material available in public domain, in the form of inter alia published critiques of expert lawyers of eminence, with lifelong field experience and exposure. For a brief account and sum-up, the published article, - [2008] 169 TAXMAN 14 (ART) may be looked up.
Why A.O. are not provided with official email id so that tax payers without visiting A.O. in person can put up clarifications over e-mail.
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I am sure my father, aged 76, will be happy if this intervention is effectively implemented.
The tax authorities have talked through many such circulars in the past, yet not much has changed at the ground level.