Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARD
 
 
News Headlines »
 Tax-saving for young earners simplified
 How to save income tax? Here are 6 investments with tax free income
 10 Top salary deductions that can save tax for you
 What are the tax saving options beyond Section 80C?
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)
 Price Waterhouse gets 2-year ban in Satyam case

Taxman may include PAN in STT returns procedure
August, 29th 2006
Securities Transaction Tax (STT) returns are likely to come under increased scrutiny of the I-T department this fiscal. The department is also toying with the idea of including permanent account number (PAN) in STT returns. At present, STT returns carry information about the tax deducted on transactions carried out by clients of each broker. But there is no mechanism to correlate client codes with the PAN of the individual investor or trader. The department wants to plug this information gap, sources told ET. While STT returns data are useful to check the genuineness of transactions carried out by the investor or trader, authorities feel the need for a common link between client code issued by the broker and clients PAN. Such a link would serve the dual purpose of verification of transactions as well as the credit claimed for securities transactions tax deducted on such transactions. STT returns are filed by stock exchanges and mutual funds. Though the number of returns is limited, the data filed here are voluminous. Certificates in respect of STT deducted are issued by brokers. The I-T department thinks that to verify the STT certificates, a system needs to be evolved whereby claim of credit for STT can be cross-checked. The scrutiny exercise will also help in identification of new areas, which require to be looked into for effective STT implementation.Total STT collection stood at Rs 1,490 crore during April-July 06-07, against Rs 557 crore during April-July 05-06.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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