Wednesday, 15 February 2012

New Facilities in CPC Website

Following Facilties were newly added by CPC  at incometaxindiaefiling.gov.in to facililate the tax payer

01. Reissues of Refund : In case intimation had received, but refund order not delivered, then online application can made for reissusance of refund.

02. Reissuance of 143(1).  In case intimation not received, then online application can made for reissuance of intimation u/s 143(1) under Income tax act, 1961.

03. Reissuance of 154 order.  In case  rectification ordder not received, then online application can made for reissuance of rectification order u/s 154 under Income tax act, 1961. 

by this the taxpayer can sent requiest for new address also.

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Supreme Court ruling holds non-compete fee is allowable as revenue expenditure

  The Hon’ble Supreme Court settled the long-standing controversy surrounding the tax treatment of non-compete fees and, based on the facts ...