N K GOEL AND BROS.

    LAST DATE FOR FILING INCOME TAX RETURN FOR NON-AUDIT and salary returns for AY 2013-14 EXTENDED The CBDT has issued a Press Release stating that the due date for filing of returns u/s 139(1) of the Income-tax Act, 1961 is extended to August 5, 2013 TEXT OF THE PRESS RELEASE PRESS INFORMATION BUREAU GOVERNMENT OF INDIA AS A MEASURE OF TAXPAYERS CONVENIENCE, LAST DATE OF FILING OF RETURNS EXTENDED TO 5TH AUGUST, 2013 New Delhi: July 31, 2013 Shravana 9, 1935 There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 which is 46.8 % higher than the returns e-filed during the corresponding period of the last fiscal year. Due to large number of taxpayers accessing e-filing website on due date of filing, some cases of taxpayers not being able to access the e-filing portal have been reported. These problems are primarily due to network constrains of the local internet ser

LAST DATE FOR FILING VAT RETURN FOR FIRST QUARTER OF 2013-14 EXTENDED The Value Added Tax Department has vide Circular dated 25.07.2013 extended the last date for filing online Return for the first quarter 2013-14. Class of Return Last date for online filing Last date for Hard Copy Returns - DVAT 16, DVAT 17 07/08/2013 10/08/2013 Annexure 2C and 2D which form part of the return. 07/09/2013 10/09/2013 However it may be noted that the due date for depositing tax is not changed.

No   more exemption from return filing to salaried persons having income upto Rs. 5,00,000/- for the A.Y. 2013-14 CBDT has vide its  press release dated 22.07.2013   clarified that exemption from filing return of income for salaried employees having total income upto Rs. 5 lakhs including income from other sources upto Rs. 10,000/- was only for assessment year 2011-12 and 2012-13 respectively.  The exemption was given considering ‘paper filing of returns’ and their ‘processing through manual entry’ on system.However, this year the facility for online filing of returns has been made user-friendly with the advantage of pre-filled return forms. These E-filed forms also get electronically processed at the central processing centre in a speedy manner. Hence, the exemption provided during the last two years is not being extended for assessment year 2013-14. Taking note of the above fellow practitioners and tax payers falling under the said category may plan accordingly as d

Circular No. 6 of 2012-13 Click here for a copy of the circular Newly amended form DVAT 16 and DVAT 17 shall be applicable from IInd qtr of 2013-14 . Update on T2 For copy of notification click here NOTIFICATION No.F.7(433)/Policy-II/VAT/2012/458-469 Dated: 17/07/2013 ·       In case if the Goods Receipt Number (GR) ·       is not available in advance, ·       Form T-2 would need to be filed ·       without Goods Receipt Number. ·       However, the GR Number would need to be updated ·       within 24 hours of ·       receipt of the goods by the Delhi dealer. ·       In such cases the Delhi dealer shall not ·       dispose of/sell/dispatch such goods ·       till the GR number in Form T-2 is updated online.

CST- DELHI AMENDMENT RULES 2013 The Value Added Tax Department has issued notification no. F3(6)/Fin.(Rev-I)/2013-14/dsVI/499 dated 04/07/2013 thereby amending the rules and introducing changes in Form 1 CST . The details of the changes are available in a presentation which can be downloaded.  For Presentation CLICK HERE .  For copy of Amendment Ru les CLICK HERE 

          CBDT Instructions on Identification of Unserved intimations under section 143(1) of Income Tax  Act for cases processed prior to 31.03.2010-Reg. The CBDT has issued Instruction No. 04/2013 dated 05.07.2013    with regard to the directive issued by the Delhi High Court in  Court on Its Own Motion vs. UOI  352 ITR 273       that the demand should not be enforced in cases       where no intimation u/s 143(1) was sent       by the field authorities in respect of returns       which were processed prior to 31.03.2010. Which means that if a demand was raised prior to 31.03.2010 and the intimation u/s 143(1) was not sent to the assessee, then such a demand can not be enforced by the department. It is also important to note here that the  onus to show that the order was communicated and was served on the assessee is on the Revenue and not upon the assessee . Directions have been issued to the Assessing Officers to strictly followed while dealing with such matters a

CBDT Directive Regarding Grant Of TDS Credit In Mismatched Cases   Pursuant to the judgement of   the Delhi High Court in  Court on Its Own Motion vs. UOI  352 ITR 273, the CBDT has issued Instruction No. 5/2013 F.No.275/03/2013-IT(B), dated 8.07.2013 stating that: When an assessee approaches the AO with requisite details and particulars in the form of TDS certificate as evidence against any mismatched amount , the AO will grant credit of TDS   to the assessee after ascertaining whether the deductor has made payment of the TDS to the Government.   For a copy of the Instructions   click here

LAST DATE FOR FILING OF FORM DP-1 ONLINE HAS BEEN further EXTENDED wIDE NOTIFICATION DATED 05-07-2013 In further modification to Notification No.F.3 (352)/Policy/ VAT/2013/231-241 dated 28.05.2013 and its modification wide Notification  dated 20.06.2013 regarding submission of Form     DP-1, the last date for filing the form online has been further extended as per the schedule as given below. Class of Dealers Last date for submission of information online in Form DP-1 Dealers having GTO more than or equal to Rs. 50,00,000/- (Rupees Fifty Lakhs) 07/08/2013 Dealers having GTO more than or equal to Rs.25,00,000/- (Rupees Twenty Five Lakhs) but less than Rs.50,00,000/- (Rupees Fifty Lakhs) 14/08/2013 Dealers having GTO less than Rs. 25,00,000/- (Rupees Twenty Five Lakhs) 21/08/2013 COPY OF NOTIFICATION 

DVAT -Form DP 1 WHAT TO DO TO SEE THE EXCEL UTILITY OF FORM DP-1  PLEASE  CLICK HERE Information given in this form is very vital , as it is through this data that the department shall issue you a new RC with all your correct information currently updated, even if there is an amendment application lying pending with the department. If you provide the current position of your firm up to date then your new RC shall reflect that correct information provided in this form. WHO shall file All dealers registered with the VAT Department as on 31.03.2013 HOW ONLINE using Login ID and Password. WHAT INFORMATION IS ASKED FOR The form DP-1 is divided into 4 parts i.e Part-A General Information Part-B Information of persons interested in business. Part-C Additional Place of Information. Part-D Information about Authorised Signatory. Each part can be filled up separately and saved online. LAST DATE TO FILE