Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: cpt
 
 
« News Headlines »
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions
  Mentioning of Minor Head Code for accounting of Refund
 Mentioning of Minor Head Code for accounting of Refund

Fire in Mayur Bhawan likely to delay payment of refunds
December, 05th 2007

Payment of some income tax refunds are likely to get delayed as certain records were damaged by a major fire in I-T office in the national capital in October, Parliament was informed today.

Duplicate returns are being called through advertisements and direct letters to employers, Minister of State for Finance S S Palanimanickam told the Rajya Sabha in a written reply.

As per the guidelines issued by the Central Board of Direct Taxes, the processing of returns is to be done within four months of receipt of the returns, Palanimanickam said.

A fire had broken out in a multi-storeyed building of Mayur Bhawan house of the Income Tax department on October 6, completely gutting a floor and destroying a large number of documents.

The building has a number of offices of the Income Tax department, Provident Fund, pharma companies and the seventh floor, which was completely gutted, houses the Directorate of General Administration of the department.

Palanimanickam said as per the statutory provisions of Income Tax Act, 1961, the returns received in Financial Year 2007-08 are to be processed by March 31, 2009.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions