May 2009

TDS notifications

March, 25th 2009NOTIFICATION NO. 31/2009[F.NO.142/22/2008-TPL]/S.O.858(E), DATED 25-3-2009In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax...

TDS sections

Types of income subject to deductionof tax at source1.The following types of incomes are mainly subject to deduction of tax at source :(a)Salaries — Section 192. (b)Interest on securities — Section 192. (c)Dividend - Section 194. (d)Other interest — Section 194A. (e)Winnings from...

PF AND ESI

2.PF AND ESI :ThePF contribution is 12% of Basic salary from both employee andemployer. For the calculation the maximum limit of Basic is Rs6500/-. It means even if the employee's basic salary is above Rs6500/- the employer is liable to contribute only on Rs 6500/-, thatis Rs 780....

Whats New

Notification no. 12/2012 [F.NO.142/15/2011-SO (TPL)]/S.O. 344(E), DATED 28-2-2012

Section 10(46) of the Income-tax Act, 1961 - Exemptions - Statutory Body/Authority/Board/Commission - Notified body or authority - Competition Commission of India Read More

Notification no. 11/2012 [F.NO.142/15/2011-SO (TPL)]/s.o. 343(E), DATED 28-2-2012

Section 10(46) of the Income-tax Act, 1961 - Exemptions - Statutory Body/Authority/Board/Commission - Notified body or authority - National Skill Development Corporation Read More

Notification No. F. 71-Ad(AT)/2012, dated 7-2-2012

Income-tax (Appellate Tribunal) Amendment Rules, 2012 - Amendment in rules 2, 4A, 9, 26 & 34A; deletion of proviso to rule 35A and substitution of words 'Income Tax Officer' and "Appellate Assistant Commissioner" Read More

NOTIFICATION NO. 10/2012 [F.NO. 178/7/2011-ITA-I], DATED 21-2-2012

Section 80-IA of the Income-tax Act, 1961 - Deductions - Profits and gains from industrial infrastructure undertakings, etc. - Notified undertakings Read More

NOTIFICATION NO. 9/2012 [F. No.225/283/2011-ITA(II)], dated 17-2-2012

Section 139 of the Income-tax Act, 1961 - Return of Income - Exemption to specified persons from requirement of furnishing a return of income under section 139(1) for assessment year 2012-13 Read More

Notification No. 7/2012 [F.No.178/56/2011-(ITA.I)], dated 14-2-2012

Section 10(15), item (h) of sub-clause (iv) of the Income-tax Act, 1961 - Exemptions - Interest on bonds/debentures - Notified bonds/debentures of Public Sector Companies Read More

Notification No.6/2012 [F.No. 178/56/2011-(ITA.I)], dated 14-2-2012

Section 10(15), item (h) of sub-clause (iv) of the Income-tax Act, 1961 - Exemptions - Interest on bonds/debentures - Notified bonds/debentures of Public Sector Companies Read More

Notification No.5/2012[F.No.142/25/2011-SO(TPL)], dated 6-2-2012

Income-tax (Second Amendment) Rules, 2012 - Insertion of rule 114DA and Form No.49C Read More

Circular No. Order No. 1/FT&TR/2012 Dated 31/01/2012

Section 144C of the Income-tax Act, 1961 - Dispute Resolution Panel (DRP) - Reference to - Constitution of DRP at specified places Read More

Circular No. Press Release No. 402/92/2006-MC (4 of 2012) Dated 27/01/2012

Signing of Convention on Mutual Administrative Assistance in tax matters as amended by the 2010 Protocol by India Read More