Procedure for updating demographic and contact details in TAN registration
- Update of TAN registration details is allowed on successful logging to
TAN account.
- For updating the TAN registration details click on "Update Profile".
- Under 'update profile' user can update demographic and contact
details including e-mail ID (s)
- On successful update of TAN registration details, an alert e-mail is
sent intimating updates have been successfully processed at TIN.
- Subsequent of e-mail ID (s) update (if any), the same should be
verified, for TAN account to be active.
- Update of e-mail ID (s)
- On update of e-mail ID, an e-mail containing the link is sent at
updated e-mail ID for verification of the updated e-mail ID.
- Click on the link and provide TAN and TAN registration no.
- On successful validation of TAN and TAN registration no., e-mail ID
will be considered as verified.
- If all the verified e-mail ID's are updated, then the TAN account
will be deactivated, i.e., user will not be allowed to request for any
file. However, user will be allowed to update the profile on login to TAN
account, in case incorrect e-mail was updated.
- If the TAN account is deactivated on account of update of e-mail
ID, then the same can be activated by clicking the link received at the
updated e-mail ID and verification of TAN and TAN registration no.
- Update of mobile no.
- On update of mobile no.,
- An SMS containing six character verification code is sent at the
updated mobile no. and
- An e-mail containing link for verification of mobile no., is
sent at registered e-mail ID (s)
- Click on the link and provide TAN, TAN registration no. and
six character verification code (received by SMS) for verifying the
updated mobile no.
The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
Tuesday, April 9, 2013
Hiring Service Of A Chartered Accountant Firm To Conduct Internal Audit
Hiring Service Of A Chartered Accountant Firm To Conduct Internal Audit At
Lucknow <http://tenders.indiamart.com/details/637012547/>
Project Director of Uttar Pradesh Health Systems Strengthening Project,
Lucknow, Uttar Pradesh invites tenders notice for hiring services of a
chartered accountant firm to conduct internal audit of financial. Tender
document can be collected/downloaded from Lucknow .
¤Company Name: Uttar Pradesh Health Systems Strengthening Project, Lucknow,
Uttar Pradesh
¤Products: Chartered Accountant
¤Due Date:10-Apr-2013
Lucknow <http://tenders.indiamart.com/details/637012547/>
Project Director of Uttar Pradesh Health Systems Strengthening Project,
Lucknow, Uttar Pradesh invites tenders notice for hiring services of a
chartered accountant firm to conduct internal audit of financial. Tender
document can be collected/downloaded from Lucknow .
¤Company Name: Uttar Pradesh Health Systems Strengthening Project, Lucknow,
Uttar Pradesh
¤Products: Chartered Accountant
¤Due Date:10-Apr-2013
How CA can file Income Tax Return / Audit Report for his clients
How CA can file Income Tax Return / Audit Report for his clients
*Can a Chartered Accountant (CA) file Income Tax Return on behalf of the
Company?*
*Answer:* No. The person authorized by the company to file the Income Tax
Return, can e-File the Income Tax Return of the company.
*Can a Chartered Accountant (CA) file Income Tax Forms like Audit Forms on
behalf of the taxpayer?***
*Answer:* Yes.
*How can a Chartered Accountant (CA) file Income Tax Forms for a tax payer?*
**
*Answer:*
- Visit ITD e-filling website https:\\incometaxindiaefiling.gov.in
- GO TO 'Downloads' section and select applicable Income Tax Form of the
desired Assessment Year OR Login to e-Filing application and GO TO
'Downloads'→'Download Forms' and select applicable Income Tax Form of the
desired Assessment Year.
- Download the excel utility of the Income Tax Form.
- Fill the excel utility and Validate.
- Generate an XML file and save in desired path/destination in your
desktop/system.
- LOGIN to e-Filing application and GO TO → e-File → Upload Form.
- Select the Income Tax Form and the Assessment Year.
- Browse and Select the XML file
- Upload Digital Signature Certificate.
- Click 'SUBMIT'.
- On successful upload, the Income Tax Form is sent to Assessee's
workflow for acceptance.
- The Assessee should LOGIN to e-Filing application, GO TO Worklist and
accept/reject the Income Tax Form.
- On Approval, the Form is successfully submitted
with e-Filing application. No further action is required. If rejected, the
Tax Professional can file the Income Tax Form again and follow the same
process as mentioned above.
*Note:*
1. You can upload the Forms after you have registered in e-Filing.
2. Assessee can "Add CA", using My Account menu, after login
3. To e-File using Digital Signature Certificate (DSC), the DSC should be
registered in theapplication. ( To register DSC, you should LOGIN and GO TO
→ Profile Settings → Register Digital Signature Certificate)
4. The Form will be further processed and the Assessee will be notified
accordingly. Please check your e-mails on these notifications.*
*
*How can I Add/Change a Chartered Accountant in my profile?***
*Answer:* LOGIN to e-Filing application and GO TO 'My Account' → 'Add CA'.
Enter the Membership Number of the CA, Form Name and Assessment Year. The
Chartered Accountant must be registered with e-Filing application.
*How can I reject an Income Tax form filed by a Chartered Accountant on my
behalf?***
*Answer:* LOGIN using your credentials and GO TO Work-list. Select the
Income Tax Form you wish to reject, provide comments and click on the
Reject button.
*Can a Chartered Accountant (CA) file Income Tax Return on behalf of the
Company?*
*Answer:* No. The person authorized by the company to file the Income Tax
Return, can e-File the Income Tax Return of the company.
*Can a Chartered Accountant (CA) file Income Tax Forms like Audit Forms on
behalf of the taxpayer?***
*Answer:* Yes.
*How can a Chartered Accountant (CA) file Income Tax Forms for a tax payer?*
**
*Answer:*
- Visit ITD e-filling website https:\\incometaxindiaefiling.gov.in
- GO TO 'Downloads' section and select applicable Income Tax Form of the
desired Assessment Year OR Login to e-Filing application and GO TO
'Downloads'→'Download Forms' and select applicable Income Tax Form of the
desired Assessment Year.
- Download the excel utility of the Income Tax Form.
- Fill the excel utility and Validate.
- Generate an XML file and save in desired path/destination in your
desktop/system.
- LOGIN to e-Filing application and GO TO → e-File → Upload Form.
- Select the Income Tax Form and the Assessment Year.
- Browse and Select the XML file
- Upload Digital Signature Certificate.
- Click 'SUBMIT'.
- On successful upload, the Income Tax Form is sent to Assessee's
workflow for acceptance.
- The Assessee should LOGIN to e-Filing application, GO TO Worklist and
accept/reject the Income Tax Form.
- On Approval, the Form is successfully submitted
with e-Filing application. No further action is required. If rejected, the
Tax Professional can file the Income Tax Form again and follow the same
process as mentioned above.
*Note:*
1. You can upload the Forms after you have registered in e-Filing.
2. Assessee can "Add CA", using My Account menu, after login
3. To e-File using Digital Signature Certificate (DSC), the DSC should be
registered in theapplication. ( To register DSC, you should LOGIN and GO TO
→ Profile Settings → Register Digital Signature Certificate)
4. The Form will be further processed and the Assessee will be notified
accordingly. Please check your e-mails on these notifications.*
*
*How can I Add/Change a Chartered Accountant in my profile?***
*Answer:* LOGIN to e-Filing application and GO TO 'My Account' → 'Add CA'.
Enter the Membership Number of the CA, Form Name and Assessment Year. The
Chartered Accountant must be registered with e-Filing application.
*How can I reject an Income Tax form filed by a Chartered Accountant on my
behalf?***
*Answer:* LOGIN using your credentials and GO TO Work-list. Select the
Income Tax Form you wish to reject, provide comments and click on the
Reject button.
CL : Company Court under section 446 can order summary eviction of tenant; dispu
CL : Company Court under section 446 can order summary eviction of tenant; disputed tenancy can be decided by following law applied by ordinary civil courts
[2013] 32 taxmann.com 28 (Calcutta)
HIGH COURT OF CALCUTTA
Bangur Brothers Ltd. (In Liquidation)
v.
Official Liquidator
-
[2013] 32 taxmann.com 28 (Calcutta)
HIGH COURT OF CALCUTTA
Bangur Brothers Ltd. (In Liquidation)
v.
Official Liquidator
-
Transfer Pricing: Automatic RBI approval means transaction is at Arms Length Pri
hyssenKrupp Industries India Pvt. Ltd vs. ACIT (ITAT Mumbai)
Transfer Pricing: Automatic RBI approval means transaction is at Arms Length Price
The ITAT had two consider two legal issues in the context of transfer pricing (i) whether if a royalty agreement falls within the `automatic approval scheme' and is approved/ deemed to be approved by the RBI, the royalty can be treated to be at arms' length just because it is approved/ deemed approved and (ii) what are the parameters to be applied while applying "Internal TNMM". HELD by the Tribunal:
(i) The assessee's collaboration agreement with its AE for payment of 2% of contract value for manufacturing, drawing and engineering services and 5% of the selling price as royalty falls under the "automatic approval scheme" of the RBI. When the rate of royalty payment and fee for drawings etc. has been approved or deemed to have been approved by the RBI, then such payment has to be considered at ALP;
(ii) Rule 10B(1)(e)(i) requires the profit margin realised by the enterprise from an international transaction entered into with an AE to be ascertained for determining as to whether or not it is at arm's length. The margin with which such margin earned by the assessee is compared with for determining the ALP, can be internally available from comparable transaction(s) or from externally available cases. If the enterprise has entered into similar transactions with third parties as are under consideration with the AE, then the profit realized from such transactions with third parties is a good measure to benchmark the margin from international transaction. Thus, on one hand we need to have profit margin which is to be compared from transactions with the AEs and on the other hand, we need to find out the profit margin from similar transactions with non-AEs with which comparison is to be made. Both these figures should come from separate watertight compartments. No overlapping is permissible in the composition of such compartments. In other words, neither the first compartment of profit margin from AE transactions should include profit margin from the transactions with non-AEs, nor the second compartment should have profit margin from the transactions with the AEs. If such an overlapping takes place, then the entire working is vitiated, thereby obliterating the finer line of distinction of the profit margin to be compared and the profit margin to be compared with. On facts, as the assessee had not maintained segment-wise accounts and as the figures of AE and Non-AE transactions were segregated from the common pool of figures, the margins derived therefrom were not reliable and the claim of internal TNMM was not acceptable.
Transfer Pricing: Automatic RBI approval means transaction is at Arms Length Price
The ITAT had two consider two legal issues in the context of transfer pricing (i) whether if a royalty agreement falls within the `automatic approval scheme' and is approved/ deemed to be approved by the RBI, the royalty can be treated to be at arms' length just because it is approved/ deemed approved and (ii) what are the parameters to be applied while applying "Internal TNMM". HELD by the Tribunal:
(i) The assessee's collaboration agreement with its AE for payment of 2% of contract value for manufacturing, drawing and engineering services and 5% of the selling price as royalty falls under the "automatic approval scheme" of the RBI. When the rate of royalty payment and fee for drawings etc. has been approved or deemed to have been approved by the RBI, then such payment has to be considered at ALP;
(ii) Rule 10B(1)(e)(i) requires the profit margin realised by the enterprise from an international transaction entered into with an AE to be ascertained for determining as to whether or not it is at arm's length. The margin with which such margin earned by the assessee is compared with for determining the ALP, can be internally available from comparable transaction(s) or from externally available cases. If the enterprise has entered into similar transactions with third parties as are under consideration with the AE, then the profit realized from such transactions with third parties is a good measure to benchmark the margin from international transaction. Thus, on one hand we need to have profit margin which is to be compared from transactions with the AEs and on the other hand, we need to find out the profit margin from similar transactions with non-AEs with which comparison is to be made. Both these figures should come from separate watertight compartments. No overlapping is permissible in the composition of such compartments. In other words, neither the first compartment of profit margin from AE transactions should include profit margin from the transactions with non-AEs, nor the second compartment should have profit margin from the transactions with the AEs. If such an overlapping takes place, then the entire working is vitiated, thereby obliterating the finer line of distinction of the profit margin to be compared and the profit margin to be compared with. On facts, as the assessee had not maintained segment-wise accounts and as the figures of AE and Non-AE transactions were segregated from the common pool of figures, the margins derived therefrom were not reliable and the claim of internal TNMM was not acceptable.
Monday, April 8, 2013
New era of education, the (ICAI) wil have a TV Channel for members /Students
Kolkata, April 8 (IANS) Heralding a new era of education, the Institute
of Chartered Accountants of India (ICAI) will soon have a TV channel for
its members as well as those studying accountancy, its chief said here
Monday.
"We will start a 24-hour TV channel for our members and students. It will have interesting programmes to
"We will start a 24-hour TV channel for our members and students. It will have interesting programmes to
CA (Inter)/ICWA (Inter) for NHFDC
The National Handicapped Finance and Development Corporation (NHFDC) has been set up by the Ministry of Social Justice
& Empowerment, Government of India on 24th January 1997. The
company is registered under Section 25 of the Companies Act, 1956 as a
Company not for profit. It is wholly owned by Government of India and
has an authorised share capital of Rs. 400 crores (Rupees Four Hundred
Crore only). The company is managed by Board of Directors nominated by
Government of India. NHFDC functions as an Apex institution for
channelising the funds to persons with disabilities through the State
Channelising Agencies (SCAs) nominated by the State Government(s) .i)
The loan to be repaid within 7 years after commencement of repayment.
Job Description
The National Handicapped Finance and Development Corporation a
company registered under Section 25 of the Companies Act, 1956 (not for
profit) has been set up with the objective to provide financial
assistance to Persons with Disability for self-employment. The
Corporation is presently looking for suitable result
Deferred Standard - Notified by MCA - IND AS-11 Vs. IAS -11
IND AS -11 (in line with IAS -11) - "Construction Contracts" does not include IFRIC -12 "Service Concession arrangement" and SIC -29 "Service Concession arrangement - Disclosures.
Why this has been deferred
MCA
received feedback regarding the adverse consequences which may ensue to
the Indian companies in the event of immediate adoption of the IFRIC
12. Hence, MCA decided that Appendix A to Ind AS 11,
"Secret Of 'Managing Time' Now Revealed !"
Fact:
there are only 24 hours in a day, and 7 days in a week. It's impossible
to add additional hours to the day, and it definitely isn't healthy to
cut back on sleep, exercise, or personal time in order to free up more
hours in the day
Vacancy for CA/ ICWA/ CS in Rural Electrification Corporation Limited (REC)
About Us
Rural Electrification Corporation Limited (REC), a NAVRATNA Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25, 1969 under the Companies Act 1956. REC a listed Public Sector Enterprise Government of India with a net worth of Rs. 14,745 Crore as on 31.03.12. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial
List of Income Tax Forms (Other than ITRs) available for e-Filing
List of Income Tax Forms (Other than ITRs) available for e-Filing
We are providing below the list of 30 Income tax Forms which can filed online on the Income tax E-Filing website namely https://incometaxindiaefiling.gov.in/e-Filing/
. These Forms includes Tax Audit Reports, transfer Pricing Audit
Reports, MAT Computation Report, Special Audit Reports , Audit Reports
which are required to be submitted to claim exemption or deductions
under the Income tax Act, 1961 etc. Some of these forms may be
submitted in offline mode , while some can be submitted in online mode.
Please Note:
1)Where
the assessee is a Company (4th character in PAN is C), the statutory
forms should be filed with a Digital Signature Certificate (DSC).
2)Where
the profile of an assessee in e-Filing application has a Digital
Signature Certificate (DSC), then such assessee should also file the
Forms using Digital Signature Certificate (DSC).
A List of All Such Forms Other Than ITR is as follows :-
Breaking News - DISA Members allowed to conduct Annual Systems Audit of BSE Stock Brokers
DISA Members allowed to conduct Annual Systems Audit of BSE Stock Brokers
BSE, vide its Notice No 20130405-5 dated 05 Apr 2013, has
clarified that DISA Qualified members are also eligible to conduct
Annual Systems Audit of trading members who have availed of the IML/
Internet facility from the Exchange.
Official Notificationin this regard is as follows :-
Consolidated FDI Policy – New Guidelines Release
The
government is seeking to further simplify the foreign investment
regime, by releasing revised consolidated FDI policy guidelines. The
changes include
investments in sectors like single and multi-brand retail,
power exchanges; asset reconstruction companies (ARCs), broadcasting,
civil aviation, and non-banking financial
Rajiv Gandhi was 'middleman' for Swedish jet deal: WikiLeaks
New Delhi: In what may
trigger a political storm in the country, the latest WikiLeaks
revelations from US Embassy cables have projected former Prime Minister
Rajiv Gandhi as an arms agent for a deal related to the sale of Swedish
jets.
A report published by a leading daily ‘The Hindu’ on WikiLeaks expose of US diplomatic cables relating to
A report published by a leading daily ‘The Hindu’ on WikiLeaks expose of US diplomatic cables relating to
Auditor March issue: CCM Santhanakrishnan admits to "degeneration" in ICAI functioning, lashes out for being deliberately sidelined
the highlight of this edition
is surely the interview of Central Council member - Santhanakrishnan
(SK). SK has been as blunt in the interview as he is known to be in
Council. Some key takeaways from SK's interview:
Sunday, April 7, 2013
Guidelines to check Central Excise or Service tax challan payment status
Guidelines to know the status
Challan Status Enquiry for Assessee-
Using this feature, assessee can track online the status of their challans deposited in
banks.
a) CIN based view :
Subscribe to:
Posts (Atom)
