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NICAI UPDATES:
Last date for online submission of MEF extended upto 02-09-2013 and receipt of duly signed declaration upto 12-09-2013.
Where due to ignorance wrong section had been mentioned by assessee in return, AO is required to advise assessee about correct claim and assess tax legitimately.[Paramjeet Singh Chhabra vs. ITO (2013) 35 taxmann.com 612 (Indore Tribunal)].
ICAI issues Guidance Note on report on Alternate Minimum Tax (AMT) under section 115JC of the Income-tax Act, 1961[Download from www.icai.org].
Last date for online submission of MEF extended upto 02-09-2013 and receipt of duly signed declaration upto 12-09-2013.
Where due to ignorance wrong section had been mentioned by assessee in return, AO is required to advise assessee about correct claim and assess tax legitimately.[Paramjeet Singh Chhabra vs. ITO (2013) 35 taxmann.com 612 (Indore Tribunal)].
ICAI issues Guidance Note on report on Alternate Minimum Tax (AMT) under section 115JC of the Income-tax Act, 1961[Download from www.icai.org].