Daily Archives: April 4, 2016

E-filing Vault : secured E-filing account of Taxpayers

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 »

Online filing of Appeal before CIT (appeals) enabled

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 »

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Order against dead person is nullity

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 »

No Demand from deductor , if Deductee paid Taxes

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 »

Finacle commands for Bank Audit

Finacle commands Selective Finacle menu options / Finacle commands for your ready reference.Few commands vary from Bank to Bank but most of them are common to all Banks using Finacle as their as their CBS application SL COMMANDS/MENUS Function of the Finacle Menu 1. AALI A/c Abnormal Limits/Details Inquiry 2. ABMR Report of Accounts Below… Read More »

Hazardous Waste Management Rules 2016 Features

ENVIRONMENT MINISTRY NOTIFIES HAZARDOUS WASTE  MANAGEMENT RULES, 2016 ‘NEW HAZARDOUS WASTE RULES WILL ENSURE RESOURCE RECOVERY  AND DISPOSAL OF HAZARDOUS WASTE IN  ENVIRONMENTALLY SOUND MANNER’: JAVADEKAR “The new Hazardous Waste Management Rules will ensure resource recovery and disposal of hazardous waste in environmentally sound manner. The Rules are environment and industry- friendly. The provisions of… Read More »