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TIN Facilitation Centre

· Paperless Income Tax filing in Phase-II of TIN in India (10.02.2005)

· Annual Information Return vis a vis Initial Causes of Worries (09.01.2005)

· Income-tax (17th Amendment) Rules, 2004 (04.12.2004) (PDF format)

(Amendment in Rule 114B, 114C, 114D, 114E, Form No. 65 (Annual Information Return)

· Challans For Companies And Firms With PAN And Name Pre-Printed (04.12.2004)

· Telephone cos, RTOs not to file annual information returns (23.11.2004)

· Tatkal PAN Scheme (14.11.2004)

· TIN makes evasion risky (06.10.2004)

· Implementation of (OLTAS) - Use of Challan Form - Clarifications (04.07.2004)

· DIRECT TAX-NSDL-TIN Clarification on Receipt of Return without TAN (04.07.2004)

· OLTAS - Challan status enquiry for taxpayers (13.06.2004)

· Last date for filing e-TDS returns for Financial Year 2003-2004 for salary (Form 24) and non-salary (Form 26) is June 30, 2004. (13.06.2004)

· NSDL launches PAN Services from June 3, 2004 (3.06.2004)

· Click here to know more about the new system Online Tax Accounting System(OLTAS). (02.06.2004)

· Copy of Challan No. / ITNS 280 (02.06.2004)

· Copy of Challan No. / ITNS 281 (02.06.2004)

· Copy of Challan No. / ITNS 282 (02.06.2004)

· Frequently asked questions on New simplified challans under On Line Tax Accounting System (02.06.2004)

Latest News Flash

· Union Budget of India 2005-2006 : Downloads; Full Copy, Highlights, Articles (28.02.2005)

· Empanelment Status for Statutory Audit of Banks and Branches for 31.3.2005 (20.02.2005)

· Empanelment of Chartered Accountants in India by CAG for Audit of PSU (15.02.2005)

· Proposal to put Tax returns of all Government Employees on the net. (13.02.2005)

· Income-tax (Third Amendment) Rules, 2005. (13.02.2005)

· Decision taken by the Council at its 241st meeting regarding part-time practitioners for Bank Panel 2005-06. (06.02.2005)

· Empanelment of Chartered Accountant firms in India for C&AG Audits for the year 2005-06 & 2006-07 (06.02.2005)

· KAMLESH SHIVJI VIKAMSEY AND T.N. MANOHARAN ELECTED NEW PRESIDENT AND VICE-PRESIDENT OF ICAI (06.02.2005)

· Income tax & gold : Some Aspects of Taxes in India (03.02.2005)

· Income Tax & Real Estate : Some Aspects of Taxes in India (03.02.2005)

· Confirmation of Particulars for compilation Of Data of firms of Chartered Accountants in India as on 1.1.2005 (01.02.2005)

· Postponement of Effective Date of Mandatory CPE to All members of ICAI in Service (01.02.2005)

· NOTIFICATION NO 2/2005, Dated: January 7, 2005 (30.01.2005)

· NOTIFICATION NO1/2005, Dated : January 6, 2005 (30.01.2005)

· Submissions of certificate for claiming deductions u/s. 80G of the Income-tax Act, 1961 in respect of donation made by an employee (30.01.2005)

· Tax holiday under section 10B of the Income-tax Act to 100% Export Oriented Undertaking - Certain clarification - reg. (30.01.2005)

· Enhancement in SSI Investment Limit in respect of Sports Goods (30.01.2005)

· Notification No.S.O.1169 (E) dated 20.10.2004 regarding-changes in the list of reserved items for exclusive manufacture in the Small Scale Sector. (30.01.2005)

· Service Tax Notification No. 01/2005 dated 14-1-2005 (30.01.2005)

· Simplification of Procedure for Removal of Name of Defunct Companies (30.01.2005)

· Simplified Exit Scheme ,2005 (29.01.2005) (pdf format)

· GOVERNMENT EXEMPTS ASSOCIATIONS FROM ACCEPTING FOREIGN CONTRIBUTION FOR RELIEF TO TSUNAMI VICTIMS - PRESS NOTE (09.01.2005)

· Certain Taxable Services Notified for the Purpose of Section 68(2) of the Finance Act, 1994 (09.01.2005)

· SERVICE TAX ON GOODS TRANSPORT AGENCY - PRESS RELEASE, Dt 28-12-2004 (02.01.2005)

· Issues pertaining to levy of service tax on goods transport agency (24.12.2004)

· INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2004-2005 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961.(16.12.2004) (PDF format)

· Quoting of PAN/TAN on challans made mandatory w.e.f 1.1.2005 (16.12.2004)

· Income-tax (20th Amendment) Rules, 2004 (16.12.2004)

· Income-tax (19th Amendment) Rules, 2004. (16.12.2004)

· Blow to income tax department recovery plans by Supreme Court Ruling (09.12.2004)

· Income-tax (18th Amendment) Rules, 2004 (09.12.2004)

SERVICE TAX NOTIFICATIONS

· NOTIFICATION NO:35/2004-Service Tax, Dated : December 3, 2004 (09.12.2004)

· NOTIFICATION NO:34/2004-Service Tax, Dated : December 3, 2004 (09.12.2004)

· NOTIFICATION NO:33/2004-Service Tax, Dated : December 3, 2004 (09.12.2004)

· NOTIFICATION NO:32/2004-Service Tax, Dated : December 3, 2004 (09.12.2004)

· Companies (Auditor's Report) (Amendment) Order, 2004 (04.12.2004) (PDF format)

· Income-tax (17th Amendment) Rules, 2004 (04.12.2004) (PDF format)

(Amendment in Rule 114B, 114C, 114D, 114E, Form No. 65 (Annual Information Return)

· Tax scanner on high-value deals (04.12.2004)

· The Income-tax (Sixteenth Amendment) Rules, 2004 (04.12.2004)

· The Income-tax (Fifteenth Amendment) Rules, 2004 (04.12.2004)

· Income Tax norms eased for frequent flyers (23.11.2004)

· An Article on changes in Tax Audit Report Form 3CD (23.11.2004)

· Income-tax (Fourteenth Amendment) Rules, 2004. (20.11.2004)

(Amendment in Form No. 3CD Tax Audit Report)

· Revised instructions for Income Tax Scrutiny for 2004 (19.11.2004)

· Taxman to always think twice before attaching your assets (19.11.2004)

· Notification No. 31/2004-Service Tax, Dated : October 25, 2004 (14.11.2004)

· List of Practice Units selected for Peer Review under Stage II (13.11.2004)

· List of Practice Units selected for Peer Review under Stage I (Phase II) (13.11.2004)

· List of Practice Units selected for Peer Review under Stage I (Phase I) (13.11.2004)

· List of Practice Units Covered under Stage - I as on 21.10.2004 (13.11.2004)

· Income Tax (Twelfth Amendment) Rules, 2004 (10.11.2004)

· Don't use foul language against assessee, ITAT advises Income Tax Officers (10.11.2004)

· Taxman flash 'secret data' to challenge companies' pricing claims (10.11.2004)

· Not all assesses need to file AIR: FM (01.11.2004)

· Notification of last of filing income tax returns (31.3.2004) for corporate assessess and persons required to get accounts audited u/s 44AB (22.10.2004)

· Payment Of Income Tax Through Internet (22.10.2004)

· Tax defaulters will be on the internet (15.10.2004)

· Audited, unaudited results - Cap on variation in net profit figures proposed (15.10.2004)

· Investors have to file I-T returns now (15.10.2004)

· Tax returns: Just a click away (10.10.2004)

· Furnishing of return of Income on Internet Scheme, 2004 (10.10.2004)

· NBFCs barred from NRI deposits (08.10.2004)

· Education cess leaves you with a TDS problem (08.10.2004)

· PROCEDURE FOR SELECTION OF CASES FOR "SCRUTINY" FOR CORPORATE ASSESSEES (06.10.2004)

· PROCEDURE FOR SELECTION OF CASES FOR "SCRUTINY" FOR NON-CORPORATE ASSESSEES (06.10.2004)

· Interest on Kisan Vikas Patra assessed on accrual basis (06.10.2004)

· Taxman free to attach assets (06.10.2004)

· Doctors and Lawyers under tax scanner ! Beware !! (03.10.2004)

· Taxation of IT enabled Business Process Outsourcing Units in India. (30.09.2004)

· Important Announcement for members who have applied for BANK BRANCHES STATUTORY AUDITORS EMPANELMENT 2004-05 IN DOWNLOADABLE (Hard Copy) VERSION (30.09.2004)

· Urgent Announcement for members who have applied for BANK BRANCHES STATUTORY AUDITORS EMPANELMENT 2004-05 IN ONLINE VERSION (30.09.2004)

· Requirement under Form 3CD in view of amendment to section 40(a)(i) - Clarification by ICAI (29.09.2004)

· AMENDMENT OF SECTION 40(a) - EFFECTIVE DATE CLARIFIED (28.09.2004)

· CENVAT Credit (Amendment) Rules, 2004 (28.09.2004)

SERVICE TAX NOTIFICATIONS

· NOTIFICATION NO 26/2004-Service Tax (28.09.2004)

· Notification No. 27/2004 - Service Tax (28.09.2004)

· Notification No. 28/2004 - Service Tax (28.09.2004)

· Notification No. 29/2004 - Service Tax (28.09.2004)

· Notification No. 30/2004 - Service Tax (28.09.2004)

· Service Tax Instructions: Issues pertaining to Service Tax – regarding (16.09.2004)

· CENVAT Credit Rules, 2004. (16.09.2004)

· EFFECTIVE DATE OF AMENDMENT OF SECTION 40(a) (16.09.2004)

· NOTIFICATION NO 25/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 24/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 23/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 22/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 21/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 20/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 19/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 18/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 17/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 16/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 15/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 14/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 13/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 12/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· NOTIFICATION NO 11/2004-Service Tax, Dated : September 10, 2004 (12.09.2004)

· India to benefit in auditing: ICAI (11.09.2004)

· FM to outsource services to speed up recovery of tax dues (11.09.2004)

· Income-tax (Tenth Amendment) Rules, 2004. (11.09.2004)

· Submission of financial statements for Bank Empanelment purposes (08.08.2004)

· Status List of Bank Empanelment Applications (On-Line Version) Submitted for 2004-2005 (07.08.2004)

· Status List of Bank Empanelment Applications (Downloadable Version) Submitted for 2004-2005 (Final) (07.08.2004)

· Application Performa for MANDATORY DECLARATION TO BE FILED BY PRACTICE UNITS COVERED UNDER STAGE II OF PEER REVIEW (03.08.2004)

· Accounting for Taxes on Income in Interim Financial Results in the context of the Finance Bill, 2004 (24.07.2004)

· Due date for filing of returns of Income for Assessment Year 2004-2005 extended from 31.07.2004 to 31.10.2004 (23.07.2004)

· Companies (Auditor’s Report) Order, 2003. (23.07.2004)

· Website of Cost Audit Branch has been launched by Ministry of Companies Affairs (16.07.2004)

SERVICE TAX NOTIFICATIONS

· Notification No. 05/2004-ST, dated 09-07-2004 (16.07.2004)

· Notification No. 06/2004-ST, dated 09-07-2004 (16.07.2004)

· Notification No. 07/2004-ST, dated 09-07-2004 (16.07.2004)

· Notification No. 08/2004-ST, dated 09-07-2004 (16.07.2004)

· Notification No. 09/2004-ST, dated 09-07-2004 (16.07.2004)

· Corrigendum to Notification No. 04/2004-ST, dated 31-03-2004 (16.07.2004)

UNION BUDGET 2004

· The Finance (No. 2) Bill, 2004 has been assented to by the President of India on 10^th September, 2004 as Act No. 23 of 2004. (11.09.2004)

· Amended Finance (No. 2) Bill, 2004 (27.08.2004)

· Budget 2004-2005 Passed without Debate : Highlights (26.08.2004)

· Budget Highlights (08.07.2004)

· Budget Speech (08.07.2004)

· Finance Bill (08.07.2004)

· Memorandum (08.07.2004)

· Customs & Central Excise & Service Tax (08.07.2004)

· Implementation of Budget Announcements (08.07.2004)

· HIGHLIGHTS OF BUDGET 2004 OF UNION OF INDIA (08.07.2004)

· BUDGET 2004 I-T exemption limit raised to Rs 100,000 (08.07.2004)

· HIGHLIGHTS OF BUDGET 2004 OF UNION OF INDIA (08.07.2004)

· BUDGET 2004 I-T exemption limit raised to Rs 100,000 (08.07.2004)

· Last Date extended to 30th June for Submitting Application for Empanelment of Statutory Auditors of Public Sector Banks/ RRBs (15.06.2004)

· Clarification on TDS on Income from Deep Discount Bonds (13.06.2004)

· Electronic filing of Central Excise Returns - regarding (13.06.2004)

· Tax Deduction at Source on Income from Deep Discount Bonds (13.06.2004)

· Application of Service Tax on activities of Erection and Commissioning. (13.06.2004)

· Treatment of CENVAT Credit Balance at the Year End (14.05.2004)

· Date of Hosting 11.05.2004 of Online Empanelment Form by ICAI for Statutory Audit of Public Sector Banks in India for the year 2004-05. (08.05.2004)

· Income-tax (Eighth Amendment) Rules, 2004 FORM NO. 10CCBB (05.05.2004)

· On Line Tax Accounting System From 01.06.2004 (05.05.2004)

· Prudential norms on income recognition, asset classification and provisioning relating to advances (25.04.2004)

· NSDL e-TDS File Preparation Utility (e-TDS FPU-Light) for small deductors. (25.04.2004)

· Filing of e-TDS returns - Clarifications regarding Form-24. (25.04.2004)

· ASSOCHAM Proposes Long-term fiscal policy (18.04.2004)

· TDS not applicable on 8% Savings (Taxable) Bonds (15.04.2004)

· Important Information of Online Empanelment of Auditors for Statutory Audit of Public Sector Banks in India for the year 2004-05. (15.04.2004)

· Why Wipro got the Rs 261-cr tax bill (13.04.2004)

· ANNOUCEMENT FOR MEMBERS OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA ABOUT DIGITAL CERTIFICATES (13.04.2004)

· ANNOUNCEMENT FOR MEMBERS OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA ABOUT CPE CREDIT (13.04.2004)

· ANNOUCEMENT FOR MEMBERS OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (13.04.2004)

· I-T clarification on tax holiday benefits (09.04.2004)

· INCOME TAX (SEVENTH AMENDMENT ) Rules, 2004 (04.04.2004)

· Service Tax on the production of Television serials (04.04.2004)

· SERVICE TAX Notification No. G.S.R. 248(E) [No. 4/2004-ST] (04.04.2004)

· Online tax system deferred (04.04.2004)

· COMPANIES (PARTICULARS OF EMPLOYEES) (AMENDMENT) RULES, 2004 (01.04.2004)

· RBI on Concurrent Audit - Serious irregularities (30.03.2004)

· ICAI restricts Part Time Practice for its' members (26.03.2004)

· Amendment in Companies Act and Income Tax Act regarding donations to political parties (26.03.2004)

· SUPREME COURT JUDGEMENT ON SECTION 80HHC OF INCOME TAX ACT,1961 (26.03.2004)

· Fees for Statutory Audit of Public Sector Banks for 2003-2004 enhanced by 25% (19.03.2004)

· Companies (Acceptance of Deposits) Amendment Rules, 2004 (19.03.2004)

· REVISED PROCEDURE FOR ENCASHMENT OF INCOME TAX REFUND ORDERS (18.03.2004)

· Clarification on ambiguity in the provisions of Rule 3(5) of the Service Tax Credit Rules, 2002 – regarding (17.03.2004)

· Introduction of ECS (Credit) for Refunds of Income Tax (13.03.2004)

· CBDT PRESS NOTE on e-Filing of TDS returns. (13.03.2004)

· Forms prescribed under Notifications referred to in rule 11A of Income-Tax Rules (10.03.2004)

· SERVICE TAX CIRCULAR NO. 75 & 76 (10.03.2004)

· Mentioning of Bank Account Number and PAN by Investors (10.03.2004)

· All EXAMINATIONS Postponed Of Institute of Chartered Accountants of India of May,2004 in view of General Elections for Central Government shall be held w.e.f. 17th May, 2004 (05.03.2004)

· Auditors for Public Sector Banks : Revised Empanelment/Categorisation Norms to be effective 2004-05 (05.03.2004)

· Murderous Norms of Bank Branch Empanelment of RBI has been postponed for 1 year (01.03.2004)

· Notification by DCA by which 6 more institutions declared as public financial institutions (01.03.2004)

· Circular - Clarification Regarding Provisions of Section 80HHE of the Income-tax Act, 1961 - Circular No. 3/2004, dated 12.02.2004 (25.02.2004)

· EXTENSION OF DATE FOR C&AG APPLICATION TO 8TH MARCH, 2004 (24.02.2004)

· Abolition Of The Requirement Of Obtaining Income Tax Clearance Certificate (ITCC) By Persons Entering Into Commercial Contracts (15.02.2004)

· Tax Sops On Cards For Nurturing IT/ ITES Talent (12.02.2004)

· ICWAI bid to stall Govt move to increase its hold (12.02.2004)

· Interest rates on all papers to be reviewed (12.02.2004)

· Committee constituted to administer Investor Education & Protection (12.02.2004)

· Rising global interest rates to weaken rupee (12.02.2004)

· Total connectivity for I-T by year-end (12.02.2004)

· Important Announcement regarding CPE Requirements (08.02.2004)

· Notification No. 2/2004 - Service Tax (08.02.2004)

· Notification No. 1/2004 - Service Tax (08.02.2004)

New President and Vice President of ICAI 2004-05
Shri Sunil Goyal, FCA, Jaipur
Shri Kamlesh Shivji Vikamsey, FCA, Mumbai

New Team of NIRC of ICAI 2004-05
Shri Sanjay Aggarwal, Chairman
Shri Sudhir Aggarwal, Vice Chairman

Shri B.D. Gupta, Secretary

Shri Anil Jain, Treasurer

· Interium Budget, 2004

· Budget Highlights

· No more tax checks on 50k+ deposits (30.01.2004)

· Rating of CA firms to begin shortly (30.01.2004)

· DCA orders fresh audit of ICAI's accounts (30.01.2004)

· Section 80 HHC benefits likely to be restored: FIEO chief (30.01.2004)

· Pension of new govt staff to be taxed (29.01.2004)

· Inauguration Of Tax Information Network (TIN) By Finance Minister (29.01.2004)

· Tax advocates, CAs allowed to issue PAN (29.01.2004)

· Notification on E-filing of TDS Returns (pdf format) (24.01.2004)

· Income-Tax (Fifth Amendment) Rules, 2004 (23.01.2004)

· DCA's move a blow to ICWAI's autonomy (22.01.2004)

· CAs ask govt to relax curbs on ICAI (22.01.2004)

· ICAI Fails to redress its members' apprehensions of sole Proprietors' bank audit empanelment (18.01.2004)

· Non Applicability of First Provisio To Section 139(1) to Pensioner Individuals (18.01.2004)

· Income-Tax (First,Second,Third,Forth & Sixth Amendment) Rules, 2004 (15.01.2004)

· TIN to debut on Jan 21 (17.01.2004)

· Scheme for Filing of Returns by Salaried Employees through Employer, 2004 (15.01.2004)

· Non Applicability of First Provisio To Section 139(1) to Pensioner Individuals (15.01.2004)

· EXTENSION OF DATE OF FILING TDS RETURN ON COMPUTER MEDIA (15.01.2004)

· Issue of Appellate Order by CIT (Appeal) Within 15 days of Last Hearing (12.01.2004)

· Facility for single registration and filing single return for Assessees providing more than one services. (12.01.2004)

· E-filing of Service Tax Returns – Reg. (12.01.2004)

· DCA says not to exercise control over ICAI workings (10.01.2004)

· DCA extends simplified exit scheme for defunct cos till March (10.01.2004)

· Mini Budget Proposal on Direct Taxes (09.01.2004)

· ICAI has to be restructured drastically if accountants want to preserve their freedom and independence (09.01.2004)

· Interest rate on I-T refunds set for a 1.5% cut to 4.5% (01.01.2004)

· Banks offer loans to invest in own mutual funds (01.01.2004)

· DCA may get a new stick to beat CAs with (01.01.2004)

· CIT(Appeals) lacks autonomy (01.01.2004)

· I-T net set to widen (01.01.2004)

· The Chartered Accountants (Amendment) Bill, 2003 (28.12.03)

· The Companies Secretaries (Amendment) Bill, 2003 (28.12.03)

· The Cost and Work Accountants (Amendment) Bill, 2003 (28.12.03)

· CAs, Advocates to file e-returns (27.12.03)

· CBDT curbs I-T officials' power in appellate tasks (27.12.03)

· Jaitley to ask FM for export sops to offset rising Re (27.12.03)

· Forex Facilities for Resident Individuals (27.12.03)