Daily Archives: December 29, 2015

Period of default of TDS for Interest recovery is from date of deductibility till date of actual payment of tax

By | December 29, 2015

SUPREME COURT OF INDIA Commissioner of Income tax, New Delhi v. Eli Lilly & Co. (India) (P.) Ltd.  S.H. KAPADIA AND AFTAB ALAM, JJ. CIVIL APPEAL NOS. 5114 OF 2007 AND OTHERS MARCH 25, 2009 A perusal of section 201(1) and section 201(1A) shows that both these provisions are without prejudice to each other. It… Read More »

Appointment of Common Adjudicating Authority by CBEC

By | December 29, 2015

[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)]  Government of India Ministry of Finance (Department of Revenue)  Notification No. 146/2015-Customs (N.T.) New Delhi, the 23rd December, 2015 S.O.     (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of… Read More »

CBEC may challenge Imposition of costs by CESTAT on grounds of quality of adjudication order

By | December 29, 2015

As per F. No.390/CESTAT/69/2014-JC of Central Board of Excise & Customs dated 22nd December , 2015 During the recent past there have been certain decisions of the CESTAT wherein cost was imposed either on department or on the adjudicating officer/ appellate officers. The cost so imposed was ordered to be paid to the assesse or to the Registry… Read More »

Steps to reset Income tax efiling Password

By | December 29, 2015

Reset Income tax efiling Password Step 1 to reset income tax efiling password go to the website www.incometaxindiaefiling.gov.in and click on login Step 2 to reset income tax efiling password Click on forgot password as highlighted below   Step 3 to reset income tax efiling password Enter user ID (which is your PAN) and image… Read More »

No TDs on interest on FDR made on direction of Courts :CBDT

By | December 29, 2015

F. No. 279/Misc/140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 23/2015 New Delhi Dated- 28th December, 2015 Subject: TDS under section 194A of the Act on interest on fixed deposit made on direction of Courts-regd Section 194A of Income Tax Act, 1961 (“the Act”) stipulates deductions… Read More »

Integrated Incorporation form of Companies

By | December 29, 2015

Integrated Incorporation Process of Companies Can the applicant file separate application for allotment of DIN, reservation of name etc  or he is required to apply under  Integrated Incorporation Process of Companies ? The facility to file integrated application for incorporation in Form INC-29 is available as an option to the process for separate applications for allotment of Director Identification… Read More »

Application for incorporation of companies

By | December 29, 2015

What is the form for filing application for incorporation of companies ? As per Rule – 12, Companies (Incorporation) Rules, 2014:- Application for incorporation of companies shall be filed in Form No.INC.2 (for One Person Company) and Form no. INC.7 (other than One Person Company) along with the fee as provided in the Companies (Registration offices and fees)Rules,… Read More »