Sunday, 2 December 2012

Procedure For Adjustment Of Refunds: CBDT Directive To CPC/ CITs

With a view to mitigate the problem raised due to mismatch of tax and TDS credits, the Income-tax Department has issued an Instruction letter dated 27.11.2012 which contains a step by step procedure for adjustment of refunds to be followed by the AOs and the Centralized Processing Center


http://www.itatonline.org/info/index.php/procedure-for-adjustment-of-refunds-cbdt-directive-to-cpc-cits/
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Kolkata ITAT holds Husband's HUF not falling in the definition of ‘Relative’ of a Wife for gift-tax purposes under Income-tax

  Kolkata Tribunal has recently ruled that HUFs cannot be treated as “relatives” under the gift-tax provisions of the Income-tax Act, thereb...