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May 2014

A Press Note bearing No.402/92/2006-MC dated 17th April, 2014 has been issued by CBDT giving instructions to Assessing Officers, laying down Standard Operating Procedure (‘SOP’) for verification and correction of tax-demand. The taxpayers can get the outstanding tax demand reduced/ deleted by applying for rectification along with documentary evidence of tax/demand already paid. The SOP also makes special provisions for dealing with the tax demand upto Rs. 1,00,000/- in the case of Individuals a<

By Pinky Shah, Sonalee Godbole, Chartered Accountants
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Intervention application opposing amalgamation – Direct Tax Circular No. 279-Misc.-M-171- 2013-ITJ dated 11th April 2014 –

The Aayakar Seva Kendra, situated at Ground Floor, Aayakar Bhavan, Mumbai will accept the Dak/Tapal of the charges of Commissioner of Income Tax-I to Commissioner of Income Tax -13 from assesses/their representatives between 10.30 a.m. to 4.00 p.m. (Lunch Time 1.30 to 2.00 p.m.). Copy of the order available at www.bcasonline.org