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As far as trade advances are concerned, there is no question of applicability of the provisions of section. 194. On facts, the Commissioner (Appeals) collected the details of advances categorized into trade advances and processing charges. Though...

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In view of the amendment to the IT Act, the Assessing Officer has got power to refer the matter to the DVO for the purpose of valuation. Further, the Tribunal has committed an error in holding that CPWD rates adopted by the DVO were not correct...

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It is not in dispute that the assessee has started a new industrial unit at Silvassa for development of software. The assessee claimed deduction under sections 80-IA and 80-IB. However, the said deduction was denied only on the ground that within 18...

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Punjab Govt. has recently increased the VAt rate across the board by half percent. Further Rs 800/- annual vat return processing charges has also been imposed wef from current financial year and payable with Vat return for second quarter each year.Notification for Vat rate charges wef 03.09.2012 in Punjab and other changes wef 05.09.2012 is given below for your ready reference .

1. Schedule...

Even otherwise the interest free funds available with the assessee are Rs.44.28 crores. The assessee has earned profit of Rs.5.93 crores during the Assessment Year 2007-08. If depreciation of Rs.2.88 crores is added, the cash accruals during the...

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Telecom Infrastructure Service Providers – Entitled to procure goods against ‘C’ Forms at concessional rate of CST @2% - Goods purchased are used in the telecommunication network and therefore covered by Section (1) and 8(3)(b) of the CST Act –...

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Generally many of them will face problem like lost pan card or getting pan card with wrong details etc. After seen all these problems I realized that it's better to write article to show how to get new pan card if existing one lost or how to make ...

new pan card form. ... your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc. New Pan card form 49A. Uploaded on 15 September 2012 at 11:59. Report Abuse · click here to download the files ...

What is National Pension System (NPS)?

The Government of India (GOI) has rolled out the NPS for all citizens of India from May 01, 2009.

The person (employee/citizen) who joins the NPS will be known as ‘Subscriber’ in the NPS. Under the NPS, each Subscriber will open an account with Central Recordkeeping Agency (CRA) which will be identified through unique Permanent Retirement Account Number...

Assessee having constructed the building and invested the capital gain, the assessee is entitled for deduction u/s. 54F of the Act if other conditions discussed herein below are fulfilled.

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The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for permitting FDI in multi-brand retail trading, subject to specified conditions.

The proposal had earlier been approved by the Cabinet in its meeting on 24.11.2012. However, implementation of the proposal had been deferred, for evolving a broader consensus on the subject.

In pursuance of the...

On a plain reading of the statutory provisions of section 54, it is clear that an agreement for sale or an agreement to sell itself does not create any interest or charge in such property. Mulla on 'Transfer of Property Act' clearly states that section 54 enacts that an agreement for the sale of...

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On going through the remaining object of the trust, read with the provisions of sections 2(15), 12A, 12AA of the Income Tax Act, and the case laws cited by the AR, we find that there has been compliance to section 12A as required under the provisions, so far as provisions of section 2(15) are...

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As you all know PAN is mandatory for all the assessee. It has lots of benefits having PAN. But don’t apply new PAN if you have already PAN, it attacks penalty. Some readers ask us that they lost their PAN.  So we advise to our readers first check your PAN by visiting the page of Income Tax Department “Know Your PAN” then use correction form to get it again. In this case don’t apply new one instantly. We will try to cover this topic in next article, so stay with us by subscribing your email ID or liking our Facebook page. Here we will focus only on instructions to apply new PAN Card as given below.

In this article we are giving the instructions to apply new PAN in a very simple manners. So that every layman can understand and apply himself without the help of any professional. The following guidelines to filing new application form must be followed otherwise application will be rejected by TIN center. In this case you have to submit new application form to apply PAN.

Instruction to Apply New PAN

1. Use only new form 49A (updated on June 2012) to apply for new PAN Card. Old forms will not be accepted by TIN center. Download New form 49A (PAN Application form).
2. Use black ink pen only as other colors of ink will not be accepted.
3. Write the name which is on all the proofs. Don’t use abbreviate.
4. Adhesive only the latest photograph. The size should be 3.5 cm x 2.5 cm. Don’t Pin up or staple the photograph as it will not be accepted.
5. Sign only within the square as fixed in the application form. If the signature is out of the box then application will be rejected. Thumb impression should be attested by the specified authority.
6. Write all the information in block letters.
7. Write the address cautiously; if permanent address and correspondence address are same, then write same otherwise write correspondence address carefully because the PAN card will be sent to the correspondence address. The address should be same  as on the proof of address. The landmark nearby will be helpful for the sending authority.
8. The PIN code should be writing correctly as it is very important.
9. Telephone or Mobile Number is also very important to write.
10. AO code should be written. See how to know your AO code.
11. Use new application form if there is some correction to make.
12. Attach the correct proof of identity and proof of address as mentioned in the instructions page attached with the application form.
13. Check PAN card status online after 3 or 4 days of application date.

Please use comment form if you have any query regarding new application of PAN. We will try to response as early as possible most probably within 24 hours.

Related posts:

1. Application for PAN – New Form 49A from June 2012

Explanation-I to section 37(1) provides inter-alia that any expenditure incurred for any purpose which is prohibited by law shall not be deemed to have been incurred for the purpose of business and no deduction or allowance shall be made in respect...

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The Cabinet has approved the proposal of the Department of Industrial Policy & Promotion for permitting FDI in multi-brand retail trading, subject to specified conditions.

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The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for permitting foreign investment up to 49 percent, in Power Trading Exchanges.

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Every person providing a taxable service and liable to pay service tax is required to register with the Central Excise/ Service Tax department . Application for registration is required to be made in Form ST-1 to the jurisdictional superintendent of Central Excise within 30 days of levy of service tax on such service or, in case of an existing taxable service, within 30 days...

The entire transactions of purchase/sale of securities/shares through derivatives and later on dealing with those shares/securities will determine whether an investment is made or stock-in-trade is procured.

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It is now well settled that in determining whether a receipt is liable to be taxed, the taxing authorities cannot ignore the legal character of the transaction which is the source of the receipt. The taxing authorities are bound to determine the true legal character of the transaction.

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For example extract all customers information who has a valid PAN card number (XXXXX0000X). ... To fetch all customers who has valid PAN card number (5 Alphabet 4 numeric 1 Alphabet), we can use the following query.

Notification No. 51 / 2012 - Customs Seeks to amend notification No.12/2012-Cus,dated 17.03.2012 to provide concessional rate of duty on Gold Findings and to extend the list of items under Sr. No.282

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Question of copyrighted article or actual copyright docs not arise in the context of software both in the DTAA and in the Income Tax Act since the right to use simpliciter of a software program itself is a part of the copyright in the software irrespective of whether or not a further right to make...

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A loan taken or capital borrowed is, by itself, not a capital asset, nor does it give an advantage of an enduring nature; as long as a loan is taken or capital is borrowed for the purpose of business, the assessee is entitled to claim interest paid...

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