Apr 30, 2009


1:43 PM 0

Apr 27, 2009


4:53 PM 5
Simply Word Pad programme will help you to create form 16 & 16A (TDS certificate) from fvu files. Which is easily available in all computers with windows xp. Now special efforts have been done on it.

Utility of This Software
  • You will not have to spent extra time in generation of Form 16a and Form 16
  • With in minimum period your forms 16 & 16a will be created
  • Accuracy of forms based upon your uploaded Data
  • There are options to change in Pan Numbers when you have uploaded pan with PANNOTAVBL or PANAPPLIED.
  • Two deductees should not have PANNOTAVBL or PANAPPLIED. If there are you should change it as unique Pan Number.
  • For getting next/new screen you should press CTR+W .


Apr 26, 2009

Apr 25, 2009


6:48 PM 0
Dear friends,
Now download ITR forms itr-1 to ITR-8 DIRECTLY

Depreciation rate on Commercial Vehicle "Extended"

6:45 PM 0
Depreciation rate on Commercial Vehicle "Extended"
No.402/92/2006-MC (10 of 2009)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi dated the 24th April 2009
The benefit of enhanced depreciation on commercial vehicles has been extended up to
30th September 2009. Now, commercial vehicles acquired on or after 1st January 2009 and put to use
before the 1st October 2009 will be eligible for depreciation at the rate of 50 percent. The Central
Board of Direct Taxes have issued a notification vide S.O. 989(E) dated 21st April 2009 (Notification
No.37/2009/F.No.142/01/2009-TPL) to this effect, substituting the words “1st day of April 2009”
with the words “1st day of October 2009”.
Earlier, the benefit was made available for commercial vehicles acquired on or after 1st January
2009 and put to use before the 1st April 2009 vide a notification dated 19th January 2009.


12:49 PM 3

Personal and family data

Dr Manmohan Singh, Prime Minister of India, since 2004, is one of the most honored Statesmen in the globe. He is known for his integrity, honesty, knowledge and intellegence in economic and financial matters.

He showed his capabilities as Finance Minister of India and Prime Minister of India. He is the person who became instrumental to liberalization in Indian economy as Finance Minister.

He has proven his quality as student, as teacher, as author, as civil servent and also as parlamentarian before adorning the prime post.

He is the first non political person to qualify as prime ministerial candidate of India.

Born: September 26, 1932

Age: 77

Place of Birth: Gah (West Punjab, presently in Pakistan)

Father: Mr. S. Gurmukh Singh

Mother: Mrs. Amrit Kaur

Married With Mrs Gursharan Kaur on September 14, 1958

Children: Three daughters.


Indian Prime Minister seems to be the most qualified PM in the world. He is an expert in economics. He is recognised globally as the best qualified Politician and Statesman.


1. Placed in first position in BA (Hons), Economics, Panjab University, Chandigarh, 1952

2. Placed in first position in MA (Economics), Panjab University, Chandigarh, 1954

3. Wright's Prize for distinguished performance at St John's College,
Cambridge, 1955 and 1957

4. Wrenbury scholar, University of Cambridge, 1957;

5. DPhil (Oxford), DLitt (Honoris Causa); PhD thesis on India's
export competitiveness

Teaching Experience:

1. Senior lecturer, Economics, 1957-59;
Reader, Economics, 1959-63;
Professor, Economics, Panjab University, Chandigarh, 1963-65;

2. Professor, International Trade, Delhi School of Economics, University of Delhi, 1969-71;

3. Honorary professor, Jawaharlal Nehru University, New Delhi,

4. Honorary professor, Delhi School of Economics, University of Delhi,1996



India's Export Trends and Prospects for Self-Sustained Growth -Clarendon Press, OxfordUniversity, 1964;

He is also author of large number of published articles in various economic journals.

Work experience

He passed the most prestigious examination of Union Public Service Commission of India (Indian Civil Service) to be recruited as Indian Civil Servent. This service is now known as Indian Administrative Service.


1971-72: Economic advisor, Ministry of foreign trade, India

1972-76: Chief economic advisor, Ministry of finance, India


Director, Industrial Development Bank of India;

Director, Reserve Bank of India;

Alternate Governor for India, Board of Governors, Asian Development Bank;

Alternate governor for India, Board of Governors, IBRD

November 1976 - April 1980: Secretary, Ministry of finance (Department of economic affairs);

Member, finance: Atomic Energy Commission;

Member, finance: Space Commission

April 1, 1980 - September 15, 1982:

Member-secretary, Planning Commission of India

1980-83: Chairman, India Committee of the Indo-Japan joint study

September 16, 1982- January 14, 1985: Governor, Reserve Bank
of India

1982-85: Alternate Governor for India, Board of Governors,
International Monetary Fund

1983-84: Member, economic advisory council to the Prime Minister

1985: President, Indian Economic Association

January 15, 1985- July 31, 1987: Deputy Chairman, Planning Commission of India

August 1, 1987- November 10, 1990: Secretary-general and commissioner, South commission, Geneva

December 10, 1990- March 14, 1991: Advisor to the Prime Minister of India on economic affairs

March 15, 1991- June 20, 1991: Chairman, University Grant Comission, India

June 21, 1991- May 15, 1996: Finance Minister, Indian Union
October 1991: Elected to Rajya Sabha from Assam

June 1995: Re-elected to Rajya Sabha

1996 onwards: Member, Consultative Committee for the Ministry of Finance

August 1, 1996- December 4, 1997: Chairman, Parliamentary standing committee on commerce

March 21, 1998 onwards: Leader of the Opposition, Rajya Sabha

June 5, 1998 onwards: Member, committee on finance

August 13, 1998 onwards: Member, committee on rules

Aug 1998-2001: Member, committee of privileges

2001 onwards: Member, executive committee, Indian parliamentary group

June 2001: Re-elected to Rajya Sabha

Aug 2001 onwards: Member, general purposes committee

Other Acomplishments

Honors and Awards:

1. Adam Smith Prize, Universityof Cambridge, 1956

2. Padma Vibhushan, 1987

3. Finance Minister of the Year, 1993, Euro money Award.

4. Finance Minister of the Year for Asia, 1993, Asiamoney Award.

5. Finance Minister of the Year for Asia, 1993, Asiamoney Award1994


1966: Economic Affairs Officer

1966-69: Chief, financing for trade section, UNCTAD

1972-74: Deputy for India in IMF Committee of Twenty on International
Monetary Reform

1977-79: Indian delegation to Aid-India Consortium Meetings

1980-82: Indo-Soviet joint planning group meeting

1982: Indo-Soviet monitoring group meeting

1993: Commonwealth Heads of Government Meeting Cyprus1993:

1993: Human Rights World Conference, Vienna

Punjab Govt.Sixth Pay Commission Report Punjab Pay panel recommends 27% Hike 69

12:46 PM 0
Punjab Govt.Sixth Pay Commission Report Punjab Pay panel recommends 27% Hike 69
With Punjab Congress seeks implementation of Pay Commission recommendations immediately The working president of the Punjab Pradesh Congress Committee Lal Singh today demanded the immediate implementation of the recommendations of the Sixth Pay Commission in the state. In response to that, Punjab Govt.Sixth Pay Commission Report Punjab Pay panel recommends 27% Hike. An average hike of 27 per cent in pay scales, allowances and pension and increase in retirement age to sixty are among the recommendations made by the Fifth Punjab Pay Commission in its report. check New Report : Punjab 5th Pay Commission at Report : Punjab 5th Pay Commission

Pay scales, allowances and pensions of Punjab government employees have been revised and the average increase will be around 27 per cent, said the report.

The retirement age for all employees will be 60,

The implementation of the revised pay scales will be from January one, 2006.

The ECI had earlier on April 11 declined to give permission to pay commission to present its report on the request by Punjab made on April 6. Hoiwever on April 12 Punjab government sent a fresh request to ECI to review the earlier decision in the light of permission granted to Chhatisgarh state to implement the Pay Commission report. punjab pay commission, punjab government

Apr 14, 2009


4:29 PM 0

NSDL e-TDS/TCS Return Preparation Utility (RPU)

Since FY 2003-04, all corporate deductors should file Income tax returns for deduction of tax at source (TDS) only in electronic form. Further, from FY 2004-05, in addition to corporate deductors, filing of TDS returns in electronic form is mandatory for government deductors also.

Extending the scheme of filing of returns in electronic form to tax collected at source (TCS), the ITD mandated that with effect from FY 2004-05, all TCS returns filed by corporate and government collectors should be only in electronic form.

ITD has notified revised file formats for preparation of TDS and TCS returns in electronic form. Deductors/collectors can prepare the e-TDS/TCS returns as per these file formats using in-house software or any other third party software and submit the same to any of the TIN-FCs established by NSDL. Deductors/collectors can also directly upload the e-TDS/TCS returns through NSDL-TIN website.

NSDL has developed software called e-TDS/TCS Return Preparation Utility (RPU) to facilitate preparation of e-TDS/ TCS returns. This is a freely downloadable MS excel based utility. Separate utilities are available for preparation of each type of return.



3:25 PM 0
Two weeks ago polls from the same outlet showed UPA winning 250 seats.

UPA - 203, NDA - 191, Third Front - 104, Lalu-Mulayam-Paswan-PRP - 39, Others - 6.

Congress - 155
BJP - 147
Left Front - 35
Samajwadi Party - 28
BSP - 26
JD (U) - 22
DMK - 15
TDP - 13
TMC - 13
NCP - 11
SS - 9
BJD - 9

State-wise Results, as per Star News-Nielsen Opinion Poll:

Uttar Pradesh: UPA - 7, NDA - 22, BSP - 23, SP - 28

Maharashtra: UPA - 27, NDA - 21

West Bengal: UPA - 20, Third Front - 22

Tamil Nadu: UPA - 25, Third Front - 14

Andhra Pradesh: UPA -24, Third Front - 17

Mandhya Pradesh: UPA - 5 NDA - 24

Chhattisgarh: UPA - 2, NDA - 9

Karnataka: UPA - 8, NDA - 18, Third Front - 2

Gujartat: NDA - 18, UPA - 8

Rajasthan: UPA - 15, NDA - 10

Bihar: NDA - 29, UPA - 1, RJD-LJP - 10

Jharkhand: NDA - 9, UPA - 5

Orissa: UPA - 9, NDA - 3, Third Front (BJD) - 9

Kerala: UPA - 11, Third Front - 9

Assam: UPA - 3, NDA - 9, Third Front - 1

Punjab: UPA - 5, NDA - 8

Haryana: UPA - 7, NDA - 2, Third Front - 1

Delhi: UPA - 6, NDA - 1

J&K: UPA - 3, NDA - 1, PDP-Ind - 2

Himachal Pradesh: UPA - 1, NDA - 3

Uttarakhand: UPA - 2, NDA 3

Goa: UPA - 1, NDA - 1

Apr 11, 2009


7:31 PM 0
Saans lo toh Dharm ke liye, Saans chodo toh Desh ke liye!!
(here by dharm I mean righteousness)

I had written in first post about some things the current UPA govt. under the so-called "secular" tag... Here are some more facts...

Are you waiting for TALIBAN to enter your house ?

200 (two hundred) years ago Hindus in Kandahar (Afghanistan) were observing the Sanathan Dharm by performing Pooja and singing Bhajans and Kirtans. Today there is no one. There are only Al Qaedas and Talibans, enforcing Shariat law of 'eye for an eye', 'leg for a leg', etc. The real or only target left for these TALIBAN is our mother India. UPA govt and some of its top people are allowing TALIBAN to infiltrate in India in a big way.

100 (hundred) years ago, Hindus in Lahore and Karachi (which derives their name from Lav and Kush, the sons of Sri Ram) were observing the Sanathan Dharm by performing Pooja and singing Bhajans and Kirtans. Today there is none. All have vanished into thin air. After the creation of Pakistan in 1947, by dividing our Motherland Bharat, it was named 'Islamic Republic of Pakistan' and became an Islamic country. Hindus who formed nearly 24% of Pakistan at the time of partition, have been reduced to less than 1% today.

50 (fifty) years ago, Hindus in Srinagar (Kashmir) too were observing the Sanathan Dharm by performing Pooja and singing Bhajans and Kirtans. Today no one is left there to do so. All have been chased away, and are living like refugees in Jammu and Delhi.
Considering the above historical facts, 50 (fifty) years from now, will you (or your son/daughter or grand son/grand daughter) be able to perform Pooja and sing Bhajans and Kirtans? Will our country remain democratic and secular. Will your children have the freedom of thought and expression? Logic says 'NO'. Social demography also confirms this. Symptoms too point out towards that stark eventuality

The landscape of Bharat has continuously been shrinking. The world Muslim population is about 130 crores, but there are 57 Islamic countries. The world Christian population is about 200 crores. There are nearly 150 countries where Christianity wields supreme. The world Hindu population is nearly 110 crores. Is there a single country for Hindus?

Bharat has all along been a de facto Hindu Nation, although it has been ruled by Muslims and Christians for nearly 1000 years. There is no country in the world which, after being enslaved for nearly 1000 years, takes rebirth as one country. Bharat did so, in spite of so much diversity in the name of caste, language, region, etc. This oneness was due to the spiritual and cultural unity of Bharat, which in other words is called Hindutva. Moreover, Spiritualism and Nationalism have always been interlinked in Bharat. For example, in a Pooja, the 'sankalpa' begins with "Bharata varshe, Bharata kande, Jambu Dweepe ...", a clear reference to Motherland. India can remain united only on the basis of Hindutva, i.e. Hindu Principles, which encompasses everything humanity stands for. Even today Bharat is a Hindu Nation; otherwise democracy and secularism could not have survived.

Do you want Hindu Swamijis, Sanyasins and other Holy Persons to be branded as Hindu Terrorists and subject to utmost cruelty and harassment, just for heinous political gains?

During the Congress rule in the last five years, the condition of Hindus has gone from bad to worse. The worst form of repression has been unleashed on Hindus. Hindus today feel helpless, rudderless, leaderless and under an invisible asphyxiating hold. Hindu icons have been arrested (Shankaracharya of Kanchi Sri Jayendra Sarasvati), Hindu saints (Swami Laxmananda Saraswati) murdered, Hindu Sadhvis (Pragya Singh) tortured, patriotic Hindus treated like hard-core criminals (Col. Purohit), armed forces weakened and demoralized (Batla House incident), Hindu Dharma vilified and demonized (Ram Sethu), and the minorities pampered at the cost of national security (Afzal Guru).

The belief of Hindus in Ram Sethu is questioned by the secularists as well as the UPA Govt. But they never dare question the belief of Muslims in Hazratbal Dargarh in Srinagar, where a hair of Mohammed is kept.

Himalayan efforts are made to break Ram Sethu. Affidavits are filed in the Supreme Court that Sri Ram has nothing to do with Hinduism and Ram Sethu is not sacred. But special efforts are made to save a small masjid, visited hardly by 30 Muslims a day, while expanding the run way of the Kolkata airport. Ultimately the runway was rerouted and the masjid was saved, leading to the demolition of many sky-rise buildings and involving additional expenses of crores of rupees

Do you want reservations in education and jobs for Muslims and Christians on the basis of religion?

Under the “Muslims-First” program initiated by the robot Prime Minister Manmohan Singh, “sites for Haj houses, waiver of loans to the tune of Rs. 500 crore for Muslims in Andhra Pradesh alone, Rs. 140 crore worth scholarships to Muslim boys and girls in Andhra Pradesh, payment of Rs. 200,000 per year for 20,000 Muslims students studying engineering and Rs. 50,000 per year for several thousand Muslims studying medicine” (Dr. T.H. Chowdhary in Organizer) – even pension to the children of terrorists – have been announced!

In order to garner the Moslem votes, a staggering sum of Rs. 550 corers has been allocated in the next Five Year Plan for promotion of an Urdu television channel. In this connection, it should be noted that during Islamic rule in India, Tipu Sultan had imposed Urdu on Karnataka Hindus and Nizam of Hyderabad had done the same on Telegu speaking Hindus.

In a step closer to imposing the Islamic legal system, Sharia, in largely Hindu India, the India’s Human Resources and Development (HRD) Ministry is now all set to treat the madrasa certification as being equivalent to the Central Board of Secondary Education (CBSE). All students studying in Madarasa will be given a scholarship 0f Rs 1500 pm by the central Govt. Its high time folks we send all our kids to MADARASA.

In order to further accelerate the Islamization of India, the Ministry of Home Affairs has instructed the Central Para-military Forces to make certain that 20 percent of their recruitment is made from the Muslim community.

With a clear view to appease Muslims, the Government of India led by the Congress Party has consistently avoided executing the orders of the Supreme Court to hang Mohammed Afzal Guru, the convicted mastermind of the vicious armed attack on Indian Parliament in December 2001.

Do you want your contributions to Hindu Temples spent on Haj for Muslims and for building Churches? Do you want all the Hindu temples destroyed by the state governments through Endowment Act?

“There are approximately 207,000 Hindu temples in Karnataka with a total income of about 72 crores. Out of these, the government spends merely 6 crores on the upkeep of temples; the rest, though collected from the Hindu devotees, is recklessly spent on Muslim madrasas and Christian churches; a phenomenal Rs 50 crores on madrassas and Rs 10 crores on churches”.

The government control of Hindu temples in secular India is a blatant violation of religious freedom in the country. In Andhara Pradesh alone, the 85 percent of the temple revenues from The Tirupati Devasthanam – a whopping Rs. 3,100 crores – are transferred into the state exchequer, which then are freely spent on Muslim and Christian causes.

On encouragement of the local Congress Rajya Sabha member, the converted Christian tribals who recently joined Maoist groups had Swami Lakshmananda Sarasvati and his four disciples murdered in the State of Orissa.

Do you agree with Prime Minister Manmohan Singh’s statement that Muslims have a first stake in India’s assets? Do you want to live like a Third-class citizen in ‘Secular India’?

About 3 crore Muslims have illegally infiltrated into India, via West Bengal. The Communist Government of West Bengal, not only cordially welcomes them, but also provides them with Ration Card and ultimately voters card. And such illegal Bangladesh immigrants become their major vote bank.Instead of expelling the Bangladeshi Muslim infiltrators, the Congress government’s anti-Hindu stance came to fore when 1,500 Hindu refugees from Bangladesh, now settled in Kendrapara district of Orissa, were issued the Quit India notices!

By allotting 15% of the 11th 5-year plan to Muslims (who oppose family planning), the UPA government is giving incentive to Muslim population growth. The more children they produce, the more allocation they will get. The PM also had the audacity to say that Muslims should have the first claim on our resources, which is a violation of our constitution which speakes of equality of all.

The Central Human Resources and Development Minister, Shri Arjun Singh has concluded an agreement with Saudi Arabia under which a few billion dollars will be given to the Islamic universities in India for the purpose of establishing Islamic Centers. This is a very dangerous development. We firmly believe that this ill-conceived move is not only anti-Hindu and anti-India but it also is treacherous activity designed to pull India fast into the vortex of World Pan-Islamic movement.

The Congress Party government at the Center made a big blunder by repealing the Prevention of Terrorist Activities Act (POTA). This action emboldened the Islamic terrorists to ravage and batter with impunity the 20 million people of Mumbai on November 26, 2008, thereby killing over 200 Indian citizens and humiliating the entire nation in front of the whole world. What a disgrace!

Do you want great patriots like Bhagat Singh and Veer Savarkar described as “terrorists”?
(Bhagat Singh was described as terrorist in UPSC examination) Do you accept “Secular” government honoring painter M.F.Hussain who depicts Hindu Goddesses and Bharat Mata in nude and obscene poses?

Strangely, the UPA Government has filed an Affidavit in the Supreme Court stating that the fatwas of Maulvis do not interfere in the normal functioning of our laws. And strangely, even our Courts bend over backwards in this sinister design!

For example - 12 MLAs in the Kerala Assembly took Oath in the name of Allah. A man filed a PIL in the Kerala High Court saying that taking Oath in the name of Allah is unconstitutional. The Kerala High Court overruled the objection. He again went to the Supreme Court. The Supreme Court too held that taking Oath in the name of Allah is similar to taking Oath in the name of God, i.e. Allah and God are the same. Now, many Mullahs and Maulvis have declared that they do not recognise 'God' and it is only Allah for them.

Then, as if to sprinkle salt on the wounds of Indians (read Hindus) recovering from the shock of Mumbai massacre, the India’s Minister of State for External Affairs E. Ahmed, a fundamentalist Islamist and the President of Indian Union Muslim League, had the temerity to force India’s Consul General Prabhu Dayal in New York to celebrate the Eid festivity at the Consulate within weeks of the terrible carnage.

Mumbai Police Commissioner admitted on February 12, 2009 that 14 to 16 Indian Muslims too were involved in the 26/11 Mumbai attacks, besides the Pakistani attackers. But UPA government led by the Congress party Chairperson Sonia Gandhi keeps misleading the nation by saying that all jihadists were Pakistanis.

Do you accept banning of symbols like tilak on forehead for Hindu soldiers and no such restrictions for Muslim and Christian soldiers? Do you want quota for Muslims and Christians in Armed Forces and Police? Do you approve special budgets and special funding for Muslims?

While the Foreign Minister Pranab Mookerjee has been exhorting on Pakistan to shut down the terrorist training centers in their country, no drastic steps are taken in our own country – Azam Garh in U.P. and in the State of Kerala – to stop the jihadists from transforming India into a training ground for the home-grown terrorists.

In India today Sanskrit is communal and Urdu is secular; Mandir is communal, Masjid is secular; Sadhu is communal, Imam is secular; BJP is communal, Muslim League is secular; Dr. Praveen Thogadiya is anti-national, Bhukari is national; Vande Matharam is communal, Allah-O-Akbar is secular; Shriman is communal, Mian is secular; Hinduism is communal, Islam is secular; Hindutva is communal, Jihad is secular; SIMI is secular, Bajrang Dal is communal; and at last, Bharat is communal, Italy is secular!

More facts awaiting...

Vote for a Change!


Apr 10, 2009


3:32 PM 0


Apr 9, 2009


6:11 PM 0

Routine aspects relating to deduction of Income Tax at Source are well known. These are some aspects relating to deduction of Income Tax at Source which are not too well known but useful for day to day administration of scheme of TDS.


Every person, deducting or collecting tax is required to apply for Tax Deduction and Collection Account Number within one month from the end of the month in which the tax was deducted or collected. Relevant Rule is 114A and relevant Form is Form No.49B. Here the problem arises, as tax in many cases is required to be deposited by 7 th of the succeeding month. Banks do not accept the challans without quoting the TAN number and TDS deposit get late.

TAN or TDCN is required to be quoted on all Challans, certificates, statements and returns relating to TDS. (Section 203A(2))

Failure to apply for TDCAN (From 49B) or failure to quote Tan or Quoting of false Tan invites penalty U/S 272BB, which is Rs.10000/-. Of course, opportunity of being heard will be given before levy of any such penalty.


• If tax is not deducted , though it was required to be deducted, income tax shall be payable by the assessee direct. (Section 191)

• Where tax is deductible and has been deducted , the payee cannot be called upon to pay the tax so deducted. The AO can force recovery from the payer and not be payee (Section 205)


Where the assessee has paid tax himself under section 191, the liability under section 201(1) shall be eliminated. (Clarification by Board(F.NO.276/201/96-IT (B) DATED 29.1.1997) however, this will not alter the liability to charge interest u/s 201(1A) or penalty u/s 271C.

• Date of Cheque be deemed as date of payment in case of payment of TDS by Cheque: it is well settled proposition of law that if payment by any cheque is accepted and the cheque on presentation is encashed, the payment relates back to the dated when the cheque had been received.


(Circular No.719 dt.22.8.1995 and 744 dated 6.5.1996): Where all matters relating to TDS were handled (like deposit of tax, filing of returns, etc.) at Head Office or some other office, then though tax is deducted at branch office, it can be deposited at Regional/Head office. Circular no.719 and 744 are there. Though these circulars are only in respect of payment of salary. But these circulars have been followed by Orissa High Court in Larsen & Toubro Ltd. VITO (2005) 278 ITR 369 in matters relating to TDS U/S 192 and U/S 194C.

• DUPLICATE CERTIFICATE: in case the original TDS certificate is lost, the payee can get a duplicate TDS certificate, which can be issued on a plain paper. The duplicate certificate should be filed along with an indemnity bond (U/R 31(5)).

• CONSEQUENCES OF BELATED ISSUE OR NON ISSUE OF TDS CERTIFICATE: Failure to issue TDS certificate within the tome allowed U/R 31(3) attracts penalty of Rs. 100/- per day of default. (Sec 272A(2)(g).) However, penalty will not exceed the amount of tax deductible or collectible, as the case may be. Of course, penalty can be imposed by Joint Commissioner after giving an opportunity of being heard.


• Credit of tax deducted and paid is given to the payee U/s 199 on the basis of TDS certificate issued u/s 203.

• Credit for TDS is given to person in whose hands the payment is clubbed . Thus where interest is paid to a minor, and the same is taxed in the hands of father, then the credit for such TDS will be given to the father (proviso (I) to Section 199).

• Relevant year of Payment: Credit for TDS will be given in the assessment year in which the income is assessable (S.199).


CBDT Cir. No.5/2201 dated 2.3.2001: “ Where advance rent is spread over more than one financial year and tax is deducted thereon, credit shall be allowed in the same proportion in which such income is offered for taxation for different asstt, years based o the single certificate furnished for tax so deducted on the entire advance rent.

Where subsequent to the deduction of tax at source on advance rent pertaining to one or more financial year, the agreement gets terminated/cancelled resulting into refund of the balance amount of advance rent to the tenant, credit for the entire balance amount of TDS, which has not been given credit so far, shall be allowed in the asstt, year relevant to financial year during which the balance amount of advance rent is refunded back.”

It may be noted that word used is assessable and not assessed . Meaning thereby that in case some income is wrongly included in the computation chart in a wrong assessment year and the same is assessed accordingly, credit for TDS may be denied in that year, as the income is assessable in some other year. (Stallion Securities Ltd. V.ITO (2004) 91 ITD 338 (Hyd).

• Credit only if income is included in total income: Credit for TDS is allowed only when income from which tax was deducted at source is included in total income. Thus where income from which tax was deducted at source was not included in total income, credit for TDS is not admissible.

• Where one TDS certificate is issued for payments due to multiple owners: In case of joint owners or co-owners, credit shall be given to each such joint owner in the same proportion in which rent, interest, etc is assessable as his/her income. There is one problem in this that is only one TDS certificate is issued in favor of first co-owner. And in order to take credit, only one of the co-owners can attach the original TDS certificate with his return of income, others are required to file a copy of the same. In my views, provision should be made in the Rules so that person-deducing tax may be able to issue more than one certificate u/s 203.


Refund of excess TDS paid by the payer can be claimed by applying to ITO (TDS) as per Circular No.285 dated 21.10.1980.

It is possible in a case where tax has been wrongly deposited U?S 195, then an appeal can be preferred to CIT (A) U/s 248 for declaration that the person is not liable to make such deduction and refund can be granted by CIT (A). (Tata Engineering & Locomotive Ltd. Case (2005) 921ITD 111 (Mum)


Disallowance of Expenditure (U/S 40a (I) and (ia)

Assessee in default (U/S 201(1)

Charging of Interest U/S 201(1A) @ 12% p.a.

Penalty U/S 271C (Equal to the amount of tax not deducted or not paid)

Prosecution U/S 276B(Imprisonment not <>


5:59 PM 0
Congress's Gifts to india -

1. virtually disintegrated kashmir from india forever by

· imposing article 370 in the constitution ( during nehru's tenure), which makes it necessary to seek the state-govt's approval before enacting any law framed by the centre.

· also allowed the law that prohibits a non-kashmiri to acquire property in kashmir; this has lead to 99.9% concentration of seperatist-kashmiris in the state.

· seeking the u.n. security-council's intervention (leading to ceasefire) when india had pushed pak on the back-foot & could have easily recaptured the pok.

· remaining under constant myth of the nonsense "hindi-chini bhai-bhai" syndrome & loosing 1/3rd kashmir to china.

2. made terror-attacks a routine activity by

· abolishing pota

· encouraging terror-outfits like simi, deccan-mujahideen, etc.

3. played vote-bank politics through unwarranted large-scale muslim-appeasement by

· putting a stay on the supreme-court death sentence for the parliament-attack convict afzal

· charging varun gandhi with violation of the nsa, whereas not even considering kasab (26/11 terrorist) for the same

· contemplating the legalization of the bangladeshi-refugees (no. in excess of 3crores), who are a heavy drain on our resources

4. forged alliance with traitors like cpm, who are known to be the boot-lickers of china, & thereby stalling the development & economic-reforms process.

5. made a mockery of india's global & regional image by constantly bending-over backwards in its bid to appease & accomodate china by

· turning a blind-eye to the repeated chinese incursions into the indian territory (arunachal) & not even showing its strong objection

· not lodging any complaint when china crossed the limit & showed its audacity by summoning the indian ambassador in beijing at 2am in the morning

· continuously going on-record & accepting tibet as part of china without managing to get its acceptance of arunachal in return

6. not assessing & taking steps to counter the threat posed by china, through its rapid & constant build-up of military border infrastructure in the form of expressways & railways upto the border, & assembly of nuclear-missiles with the whole of india in its range (in tibet).

7. introduced the bull-shit element of reservation (quota-system) in the education-institutes; thereby taking a toll on actual merit.

these, apart from many-many more, are some of the fucked policy-decisions taken & implemented by congress at the centre.

better join al-qaeda or taliban than vote for congress.



Apr 8, 2009


7:54 PM
The imposition of fringe benefit tax that proposes to tax companies on perquisites provided to their employees by Finance Minister P Chidambaram in his recent Budget has sparked off a huge debate amongst corporate and tax circles.

Fears have been aired that many an industry will be badly hit by the fringe benefit tax and act as a barrier to their growth and well being.

So just what is fringe benefit tax?

The taxation of perquisites -- or fringe benefits -- provided by an employer to his employees, in addition to the cash salary or wages paid, is fringe benefit tax.

Any benefits -- or perks -- that employees (current or past) get as a result of their employment are to be taxed, but in this case in the hands of the employer.

This includes employee compensation other than the wages, tips, health insurance, life insurance and pension plans.

Fringe benefits as outlined in section 115WB of the Finance Bill, mean any privilege, service, facility or amenity directly or indirectly provided by an employer to his employees (including former employees) by reason of their employment.

They also include reimbursements, made by the employer either directly or indirectly to the employees for any purpose, contributions by the employer to an approved superannuation fund as well as any free or concessional tickets provided by the employer for private journeys undertaken by the employees or their family members.

Budget 2005-06: Complete Coverage

What are these fringe benefits that will be taxed?

As per the Finance Bill, fringe benefits shall be deemed to have been provided if the employer has incurred any expense or made any payment for the purposes of:

* (a) entertainment;
* (b) festival celebrations;
* (c) gifts;
* (d) use of club facilities;
* (e) provision of hospitality of every kind to any person whether by way of food and beverage or in any other manner, excluding food or beverages provided to the employees in the office or factory;
* (f) maintenance of guest house;
* (g) conference;
* (h) employee welfare;
* (i) use of health club, sports and similar facilities;
* (j) sales promotion, including publicity;
* (k) conveyance, tour and travel, including foreign travel expenses;
* (l) hotel boarding and lodging;
* (m) repair, running and maintenance of motor cars;
* (n) repair, running and maintenance of aircraft;
* (o) consumption of fuel other than industrial fuel;
* (p) use of telephone;
(q) scholarship to the children of the employees.

In cases where the employer is engaged in the business of carriage of passengers or goods by motor car or by aircraft, a lower percentage of expenses on repair, running and maintenance of motor cars or aircrafts or fuel expenses has been specified.

Similarly, for hotels, a lower percentage of the expenses incurred on hospitality has been specified for purposes of calculating the liability under the fringe benefit tax.

An employer liable to pay fringe benefit tax is required to furnish a return of fringe benefits before the due date as given in section 115WD.

Section 115WE outlines the procedure for the assessment of the return of fringe benefits filed by the employer and the determination of tax or interest payable or refund due and in either case the issue of intimation to that effect.

Who pays fringe benefit tax?

Under the proposed provisions, fringe benefit tax is payable by an employer who is either an individual or a Hindu undivided family engaged in a business or profession; a company; a firm; an association of persons or a body of individuals; a local authority; a sole trader, or an artificial juridical person.

The tax is payable in respect of the value of fringe benefits provided or deemed to have been provided by an employer to his employees during the previous year.

The value of fringe benefits so calculated, is subject to additional income tax in respect of fringe benefits at the rate of thirty per cent, as provided in section 115WA.

The fringe benefit tax is payable by the employer even where he is not liable to pay income-tax on his total income computed in accordance with the other provisions of this Act.

The benefit does not have to be provided by the employer directly for him to attract fringe benefit tax. fringe benefit tax may still be applied if the benefit is provided by a third party or an associate of the employer or by under an arrangement with the employer.

Why fringe benefit tax?

The taxation of perquisites -- or fringe benefits -- provided by an employer to his employees, in addition to the cash salary or wages paid, is subject to varying treatment in different countries.

These benefits are either taxed in the hands of the employees themselves or the value of such benefits is subject to a 'fringe benefit tax' in the hands of the employer.

The rationale for levying a fringe benefit tax on the employer lies in the inherent difficulty in isolating the 'personal element' where there is collective enjoyment of such benefits and attributing the same directly to the employee.

This is so especially where the expenditure incurred by the employer is ostensibly for purposes of the business but includes, in partial measure, a benefit of a personal nature.

Moreover, in cases where the employer directly reimburses the employee for expenses incurred, it becomes difficult to effectively capture the true extent of the perquisite provided because of the problem of cash flow in the hands of the employer.

Therefore, the finance minister has proposed to adopt a two-pronged approach for the taxation of fringe benefits under the Income-tax Act.

Perquisites which can be directly attributed to the employees will continue to be taxed in their hands in accordance with the existing provisions of section 17(2) of the Income-tax Act and subject to the method of valuation outlined in rule 3 of the Income-tax Rules.

In cases, where attribution of the personal benefit poses problems, or for some reasons, it is not feasible to tax the benefits in the hands of the employee, it is proposed to levy a separate tax known as the fringe benefit tax on the employer on the value of such benefits provided or deemed to have been provided to the employees.

For this purpose, a new Chapter XII-H is proposed to be inserted in the Income-tax Act containing sections 115W to 115WL, which provides for the levy of additional income tax on fringe benefits.

The chapter is divided into three parts. Part A contains the meaning of certain expressions used, part B enumerates the basis of charge, and part C delineates the procedures for filing of return in respect of fringe benefits, assessment and the payment of tax thereon.

Will phone bills invite fringe benefit tax?

Yes. For telephone expenses, the finance minister assumes that 10 per cent of all calls made from an office is by employees for personal reasons, while for fuel, the extent of use by employees has been taken at 20 per cent.

However, there is some talk that the fringe benefit tax on telephone expenses may be 'reworked'.

How will the fringe benefit tax be calculated?

The value of fringe benefits shall be the aggregate cost incurred. That is, the total expense deducted will be considered for purposes of levying fringe benefit tax. From this, a certain percentage will be deducted. The difference therein will be taxed at the rate of 30%.

However, the fringe benefit tax rate varies from 10 per cent to 50 per cent depending upon the expense incurred: For example, for the use of telephones 10 per cent fringe benefit tax will be charged, while entertainment expenses, festival expenses, gifts, use of club facilities, etc will be taxed at the rate of 50 per cent.

Will housing perks be affected too?

The department of revenue has notified changes in the income tax rules that double the taxable income of private sector employees on account of housing perquisites.

The amendments came hours after Finance Minister P Chidambaram proposed the fringe benefit tax on employers in his Budget.

At present, in cities with over 400,000 population, the perquisite value of accommodation for private sector employees to be included in an employee's taxable income is treated as 10 per cent of his salary. This now doubles to 20 per cent.

The changes in the Income Tax Rules, notified by the Central Board of Direct Taxes on February 28, are effective from April 1 2005.

The new rules mean that a person earning an annual salary of Rs 10 lakh will have to fork out an additional Rs 33,660 annually by way of the higher tax on the housing perquisite.

According to tax experts, the housing perquisite value of such a person will now double to Rs 2 lakh. As a result, his tax liability on account of the perquisite will double to Rs 67,320 a year.

For other cities, the perquisite value of accommodation, which was treated as 7.5 per cent of the salary, will now go up to 15 per cent. The value of accommodation is added to the taxable income and income tax is paid at the applicable rate.

What about fringe benefit tax on use of cars, etc?

The tax on perquisites like maintenance of a car, club membership, free meals, credit cards and tours and travel, which were earlier taxed in the hands of the employees, has been withdrawn and the employer will now be liable to pay tax on this. But this may not result in any relief for employees.

In the case of the perquisite value of a car, employees are taxed at a rate ranging between Rs 1,200 (for small cars) and Rs 1,600 a month (for bigger vehicles) in addition to Rs 400 or 600 for a driver provided by the company.

How badly will it hurt corporate India?

Reports suggest that the fringe benefits tax is likely to result in India Inc incurring an additional expenditure of about Rs 25,000 crore.

Will advertising agencies be hit by fringe benefit tax?

The 30 per cent fringe benefit tax will hurt advertising agencies badly as in this sector about 10% to 12% of an employee's salary comes in the form of perks.

In the glamorous world of advertising attending conferences all over the world, wining and dining to network with clients and bag more business, etc is the done thing. Now all these expenses will come under the ambit of fringe benefit tax.

Also, advertising agencies are people-oriented one and staff welfare and salaries account for almost 50 per cent of their expenses. The fringe benefit tax will thus hurt ad agencies badly.

Which other countries levy fringe benefit tax?

Although fringe benefit tax may seem new to India, it's not a novel concept. This tax is already levied in the United States, the United Kingdom, Canada, Australia, New Zealand, Japan and some other nations.

The fringe benefit tax rules proposed in the Budget by the finance minister are modelled on the Australian system. With the only difference that fringe benefit tax is proposed to be taxed at between 10 per cent and 50 per cent in India, whereas in Australia it is taxed at a flat rate of 60%.

In Australia, when you invite your client to a meal what you spend on your own lunch will attract fringe benefit tax, and not what you spend on your client's lunch, which is marked as business expense.

A meal in an in-house canteen or ordered in office is, however, exempted from tax. But reimbursements for a party at home is not.

What is the reaction of India Inc to fringe benefit tax?

India Inc is quite nervous about the proposed fringe benefit tax and feels that the gains from the reduction in corporate tax announced in the last Budget would be nullified by the cut in depreciation rates.

Nearly 70 per cent of the CEOs surveyed in the Associated Chambers of Commerce and Industry's Business Barometer survey were happy with the reduction of the corporate tax from 35 per cent to 30 per cent, while 57 per cent out of them were of the view that the gains from the corporate tax reduction will be nullified because of the cut in the depreciation rates.

Most of the CEOs surveyed said that the impact of the fringe benefit tax would be 'most severe' on Indian enterprises. They argued that advertisement and sales promotion expenses should not be included under fringe benefit tax.

The survey also pointed out that the cash withdrawal tax would be a big blow for small retailers and dealers.

However, 30 per cent of the respondents said that since the surcharge has also been increased from 2.5 per cent to 10 per cent, the overall benefit of the corporate tax reduction was only around three per cent.

Some software firms feel that a wide variety of payments would come under the ambit of fringe benefit tax. A recent survey also said that because of the impact of the fringe benefit tax, companies across sectors are likely to cut down on the increments that employees would get.

The proposal has invited criticism even from the Institute of Chartered Accountants of India, which has otherwise praised the finance minister for rationalising the tax administration.

Will the tax be lowered by the finance minister in view of the widespread opposition to it?

Reports say that the finance ministry is considering reworking the taxable value of the fringe benefits proposed in the Budget. The move follows industry's concern that the present proposals go beyond taxing the collective benefits enjoyed by employees.

The taxable value could be brought down in some cases where the proposed deemed fringe benefits were felt to be high. The reworked fringe benefit tax structure would also define the taxable expenses more clearly so that genuine business expenditure was not taxed.

Will small firms be spared?

A Business Standard report said that the finance ministry is considering a threshold staff strength for levying the fringe benefit tax on employers.

Finance ministry officials indicated that organisations with very few employees could be exempted from the tax. This is based on the assumption that small employers do not spend large amounts on fringe benefits.

The ministry will also examine combining the tax return for fringe benefits with the income tax return to avoid the need for filing separate forms, the report said.

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Apr 7, 2009


10:37 PM 0
Income Tax Department has amended the rules relating the Payment of TDS /TCS and now it is mandatory for all to deposit the such taxes through E-payment only from 01.04.2009 onwards .Further challan to deposit the TDS /TCS has also been changed .Now TDS/TCS is required to be deposited on Challan number 17 (new) through online mode only.The most important amendment in challan form is that now with each challan,deductor has to give deductee detail also .If there are more than 10 deductee in the a single challan then he has to upload a file for deductee detail .This is uphill task for every body and can not be managed without a integrated software.Ministry of finance has clarified that tds/tcs deducted on or after 01.04.2009 is to be deposited on new form 17.Deduction before 01.04.2009 ,old challan 281 is applicable.

Main abstract of the New amended Rules are

1. Mandatory E payment:E-payment of TDS /TCS is mandatory for all type of deductors.

2. New Challan for TDS/TCS deposit:Tds/TCS deposit challan is now on Form number 17

3. Deductee detail in challan required:Deductee detail is to be given in TDS challan while depositing the TDS/TCS upto 10 deductee

4. Deductee Detail with challan to be uploaded in file:If deductees are more than 10 ,then detail of deductees is to be uploaded with challan through file.

5. Quarterly deposit of TDS/TCS:Quarterly deposit of Tds is now can be done in few cases with the approval of Jt commissioner

6. Form16/16A amended: Form 16 and 16A has also been amended and 16AA abolished

7. Unique transaction number concept:A unique transaction number will be alloted to each tax deduction and tax collection entry.

8. This unique number is to be mentioned in every Form 16/16AA

9. In form 16/16A status of quarterly return is also to be given ,whether pan uploaded in etds return validated by the department or not.

10. Mandatory quarterly Etds/Tcs returns:Quarterly TDS/TCS is now required to be filed irrespective of tax deduction in the quarter or not.

11. Tax compliance new return in Form 24 C:A new form 24 C ,Tax Compliance Form is also required to be filed with quarterly etds returns

12. Form 26Q,24Q, 27EQ amended:Form 24Q,26Q and 27 EQ has also been amended to give effect the concept of unique transaction number .

These amendment has many more other impact which I will try to cover in next posts

New Delhi, the 25th March, 2009

S.O. 858(E).- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43
of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the
Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax ( 8th Amendment) Rules, 2009.
(2) They shall come into force on the 1st day of April, 2009

2. In the Income-tax Rules, 1962, -
(a) for rules 30, 31, 31A and 31AA, the following rules shall be substituted, namely:-
“Time and mode of payment to Government account of tax deducted at source or tax paid
under Chapter XVII-B

30. (1) All sums deducted in accordance with the provisions of Chapter XVII-B shall be paid to the credit of the Central Government–

* (a) within two months from the end of the month in which the amount is credited by the payer to the account of the payee if the crediting is on the date up to which the accounts of the payer are made; and
* (b) in any other case, within one week from the end of the month in which the-
o (i) deduction is made; or
o (ii) income-tax is due under sub-section (1A) of section 192.

(2) Notwithstanding anything contained in sub-rule (1), the Assessing Officer may permit, in special cases, -


* (a) quarterly payment of the amount on June 15, September 15, December 15 and March 15 if the amount is deducted from any income chargeable under the head “Salaries”; and
* (b) quarterly payment of the amount on July 15, October 15, January 15 and April 15 if the amount is deducted from any income by way of-
o (i) interest, other than interest on securities;
o (ii) insurance commission; or
o (iii) commission or brokerage referred to in section 194H.
o No permission under sub-rule (2) shall be granted without the prior approval ofthe Joint Commissioner.

(4)The person responsible for making deduction, or payment of tax, under Chapter XVII-B shall, within the time specified in sub-rule (1), or sub-rule (2), -

* (a) electronically furnish an income-tax challan in Form No.17; and
* (b) pay the amount so deducted to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank.

(5) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of –

* (a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or
* (b) credit or debit card.

Certificate of tax deducted at source or tax paid under sub-section (1A) of section 192

31. (1) The certificate of deduction of tax at source or, the certificate of payment of tax by the employer on behalf of the employee, under section 203 shall be in –

* (a) Form No.16 if the deduction or, payment of tax, is under section 192; and
* (b) Form No.16A if the deduction is under any other provision of Chapter XVII-B.

(2)The certificate referred to in sub-rule (1) shall be furnished to the deductee-

* (a) within one week after the date on which the sum of tax deducted at source is paid to the credit of the Central Government if the payment in respect of which the tax so deducted is by way of crediting on the date upto which the accounts of the deductor are made;
* (b) within one month from the end of the financial year in which the payment is made to the deductee if-
o (i) the deduction of tax is made under sub-section (1) of section 192;

o (ii) the certificate relates to payment of tax by the employer on behalf of the employee under section (1A) of section 192;

o (iii) the deduction of tax is made under section 194D; or

o (iv) more than one certificate is required to be furnished to a deductee for deductions of income-tax made during a financial year and the deductee has requested for issue of a consolidated certificate in respect of such deductions;

* (c) within fourteen days from the date of payment of income-tax if the payment is made quarterly under sub-rule (2) of rule 30;

* (d) within one month from the end of the month in which the deduction of tax at source is made, in all other cases.

The deductor may issue a duplicate certificate in Form No.16 or Form No.16A,as the case may be, if the deductee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the deductor.

The Assessing Officer, before giving credit for the tax deducted at source on the basis of duplicate certificate referred to in sub-rule (3), shall-

* (a) obtain an Indemnity Bond from the deductee; and
* (b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner.

Quarterly statement of deduction of tax or collection of tax

31A. (1)Every person who has been allotted a tax deduction and collection account number under section 203A shall deliver, or cause to be delivered the following quarterly statements; namely:-

* (a)the TDS Compliance Statement in Form No.24C;

* (b)the Quarterly Statement of deduction of tax under section 192 in Form No.24Q;

* (c)the Quarterly Statement of deduction of tax under sections 193 to 196D in-

o (i) Form No.27Q in respect of the deductee other than a company, being a non-resident or resident but not ordinarily resident, or the deductee being a foreign company; and
o (ii) Form No.26Q in respect of all other deductees; and
* (d)the Quarterly Statement for collection of tax under section 206C in FormNo.27EQ.

(2) Every person, who is required to deliver, or cause to be delivered, under sub-rule (1), the statements referred to therein, shall deliver, or cause to be delivered, such statements electronically to the Director General of Income Tax (Systems) or the person authorised by the Director General of Income Tax (Systems).

(3) The statement in Form No.24C referred to in sub-rule (1), shall be delivered, or caused to be delivered, on or before the 15th July, the 15th October, the 15th January in respect of the first three quarters of the financial year, respectively, and on or before the 15th June following the last quarter of the financial year.


* (a)The statements in Form No.24Q, Form No.26Q, Form No.27Q and Form No.27EQ referred to in sub-rule(1), shall be delivered, or caused to be delivered, on or before the 15th June following the financial year.”;
* (b) rule 37A shall be omitted;
* (c) for rules 37CA and 37D, the following rules shall be substituted, namely:-

“Time and mode of payment to Government account of tax collected at source under Chapter XVII-BB

37CA. (1) All sums collected in accordance with the provisions of Chapter XVII-BB shall be paid to the credit of the Central Government within one week from the end of the month in which the collection is made.

(2) The person responsible for making collection under Chapter XVII-BB shall, within the time specified in sub-rule (1), -

* (a) electronically furnish an income-tax challan in Form No.17; and
* (b) pay the amount so collected to the credit of the Central Government by electronically remitting it into the Reserve Bank of India, State Bank of India or any authorised bank.

(3) For the purposes of this rule, the amount shall be construed as electronically remitted to the Reserve Bank of India or of the State Bank of India or of any authorised bank, if the amount is remitted by way of –

* (a) internet banking facility of the Reserve Bank of India or of the State Bank of India or of any authorised bank; or
* (b) credit or debit card.

Certificate of tax collected at source
37D. (1) The certificate of collection of tax at source under sub-section (5) of section 206C shall be in Form No.27D.

(2) The certificate referred to in sub-rule (1), shall be furnished to the deductee within one month from the end of the month in which the amount is debited to the account of the buyer or licensee or lessee or payment is received from the buyer or licensee or lessee,as the case may be.

(3) The person responsible for collecting tax at source may issue a duplicate certificate in Form No.27D, if the buyer or licensee or lessee has lost the original certificate so issued and makes a request for issuance of a duplicate certificate and such duplicate certificate is certified as duplicate by the person responsible for collecting tax at source.

(4) The Assessing Officer, before giving credit for the tax collected at source on the basis of duplicate certificate referred to in sub-rule (3), shall-

* (a) obtain an Indemnity Bond from the buyer or licensee or lessee; and
* (b) get the payment certified by the Assessing Officer designated in this behalf by the Chief Commissioner or the Commissioner.”;

(d) for Form No.16, Form No.16A and Form No.16AA, the following forms shall be substituted


Apr 4, 2009


8:47 PM 0
Application by a banking company for a certificate under section 195(3) of the Income-tax Act, 1961, for receipt of interest and other sums without deduction of tax


Application by a person other than a banking company for a certificate under section 195(3) of the Income-tax Act, 1961, for receipt of sums other than interest and dividends without deduction of tax


Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax


Declaration under sub-section (1C) of section 197A of the Income-tax Act, 1961, to be made by an individual who is of the age of sixty-five years or more claiming certain receipts without deduction of tax


Declaration for non-deduction of tax at source to be furnished to contractor under the second proviso to clause (i) of sub-section (3) of section 194C by sub-contractor not owning more than two heavy goods carriages/trucks during the Financial Year


Particulars to be furnished by the Contractor under the third proviso to clause (i) of sub-section (3) of section 194C for the Financial Year____(Assessment Year___)



2:39 PM 0


2:31 PM 0
5 steps to e-TDS/e-TCS return


The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified below:

(a) Annual e-TDS return:
* File Format for Form 24
* File Format for Form 26
* File Format for Form 27

(b) Annual e-TCS return:
* File Format for Form 27E

(c) Quarterly return:
* File Format for Form 24Q
* File Format for Form 26Q
* File Format for Form 27Q
* File Format for Form 27EQ

Data structure for Form 24Q of the quarter ending 31-March

e-TDS/e-TCS return in accordance with the file formats is to be prepared in clean text ASCII format with 'txt' as filename extension. e-TDS/e-TCS return can be prepared using in-house software, any other third party software or the NSDL e-TDS Return Preparation Utility (e-TDS RPU-Light).
Feedback Form

Sample files prepared as per the file formats given below for reference.

Annual Return:
* Sample file of e-TDS return - Form 24
* Sample file of e-TDS return - Form 26
* Sample file of e-TDS return - Form 27

Quarterly Return:
* Sample file for Form 24Q
* Sample file for Form 26Q
* Sample file for Form 27Q
* Sample file for Form 27EQ


Once the file has been prepared as per the file format, it should be verified using the File Validation Utility (FVU) provided by NSDL.
* FVU for Annual Returns: e-TDS / e-TCS returns prepared for FY 2004-05 (Forms 24, 26, 27 and 27E) can be validated using this utility.
* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

In case file has any errors the FVU will give a report of the errors. Rectify the errors and verify the file again through the FVU.

The upload file generated by the FVU on successful validation is to be furnished to a TIN-FC or directly uploaded through the NSDL web-site.

Annual Returns:
Each e-TDS return saved in a CD/floppy to be submitted along with a signed copy of the control chart (Form 27A).

Each e-TCS return saved in a CD/floppy to be submitted along with a signed copy of the control chart (Form 27B).

Quarterly Returns:
Each e-TDS/TCS return saved in a CD/floppy to be submitted along with a signed copy of the control chart (Form 27A).

Apr 3, 2009


5:41 PM 0
These days the electicity usage is too high so as the electricity bill.There is a calculator to show you the usage of different electrical products and the bill for it.


Apr 2, 2009


9:56 PM 0


2:11 PM 0

No one ever goes to India and comes back un-moved - anyone who says a trip to India "was OK" is lying. That is not to say India is always wonderful, but it is always totally in your face, completely fascinating and totally and utterly different from anywhere else you have been.

I left India knowing that if I didn't leave I would have a complete screaming fit at the next person who asked me my name, I also left knowing that I would have to return - the place is just indescribable. I think what makes India different is that English is still the lingua franca of the country. You can easily communicate in English a circumstance you may begin to regret after the day's 25th conversation about your age, marital status, number of children and projected annual income. This hub is designed as only brief introduction to India for the traveler - the Lonely Planet's current guide to India is a very thick book and India is a very large country! India is the seventh largest country in the world with 1,000,000,000 people and an area of 3,287,590 sq km (1,269,338 sq miles) It would take several years to see everything and and probably a year to see most of it but that is one of the joys of India!

A note on place names. Ever since the British left in 1947 the Indians have been reclaiming their place names to the local form I have tried to used the current common usage with the old name in brackets e.g. Mumbai (Bombay).

Wedding Singers
Wedding Singers
Delhi Street Scene
Delhi Street Scene
Mysore Palace
Mysore Palace
Ooty Train
Ooty Train
Goa Beach
Goa Beach
India's Highlights

Although India is huge and varied and complex there are a handful of highlights that most tourists head for, and with just cause.
Delhi, Rajasthan, Agra

New Delhi is India's capital and a major airline gateway. It is also conveniently located near to both the famous desert region of Rajasthan with its ex-princely towns of Jaipur and Udaipur and India's most visited attraction, the famous Taj Mahal at Agra. Expect to see lots of beautiful building and desert landscapes. Best time to visit in the winter when it's cooler, November to February.
Southern India, Kochi, Hill Forts, Goa

Southern India was Christian before the British arrived giving the area a totally different feel to the Hindu north. Includes historical Kochi (Cochin), the temples of Mysore and the ex-British Raj at Pondicherry and Ootacamund. The beaches of Goa (which was a Portuguese possession until the 1960's) have been a favourite since the hippies discovered them. Best time to visit November to May avoiding the monsoon.
Northern Hills Ladakh, Dharamsala, Shimla

The remote mountainous area of Ladakh is only accessible once the snow melts in June. Dharamsala is the home of the Tibetean Dalai Lama in exile and has a large Tibetean population which makes the town unique in India. Shimla (Simla) is an old British hill town at the top of the hill served by a British era narrow-gauge railway. Both of these get cold in the winter so are best visted in the warmer months, May to Septemer.


Type of Trip

India has a happy combination of well-developed local tourist infrastructure and a very good value for money destination. This means for the same daily rate as a self-drive, stay at Motel 6 trip in US or Europe, in India you could hire a driver, stay in 4 star hotels and eat in the best restaurants. One of the delights of India is whether you are chilling on the beach in Goa or staying at Maharajah's palace in Rajasthan you can still be having a good time at all different levels of expenditure.
Pre-Booked Holiday

With many European budget airlines flying direct to Goa from the UK and Europe there are numerous options for that week in the sun for vitamin D starved Europeans! Alternatively there are numerous tours typically 2 to 3 weeks long with well-known operators such as Intrepid. These tours offer a comfortable and easy, though not cheap, way to experience India. Tip: even if you don't intend to travel with them, a large tour operators brochure or website will give you great ideas for your own trip planning!

India itself has many tours for local tourists ranging from a day's city tour of Delhi to week long trips, sometimes with a religious (Hindu) theme to them. This would certainly be a lot cheaper option than going with a well-known western company. For example India Rail offers a 4 days Delhi - Shimla return trip for approximately US$190 including accommodation, train and bus travel and some meals. It is likely that your fellow travellers will be middle class English speaking Indians so it could well be a more interesting experience than travelling with your fellow compatriots.
Independent Travelers

It is sometimes suggested that if you do not arrange all your hotels, tours and ground transport before leaving home you are a backpacker surviving on US$10/ day (still possible in India BTW). In fact in India, in particular, its very easy to organise a much more comfortable trip for yourself including first class train travel, the occasional car and driver and a comfortable middle of the range hotels and restaurants may cost you $30-$45 / day per person. The trick to organising your trip yourself is to be informed but to not over-book. A good guidebook is useful but don't be totally dependent on it- a recommendation in a book with huge pulling power can rapidly lead to a decrease in quality and an increase in price of the "recomendee"! Be aware of any major festivals or holidays that will make it impossible to get a train ticket or a hotel room, but don't try to plan every last detail. The number one thing you can do in India to be miserable is to try to do too much too quickly or travel too fast. It doesn't really matter how much you need the train or bus to leave on time- it will leave when its ready to leave!

Crossing the Road
Travel Tips for India

* As for any overseas travel have a medical/dental/optical check-up to avoid nasty surprises on the road. Have any recommended shots for India: a minimum is usually a booster to Tetanus and TB and a hepatitis shot if you don't have a current one. Check with a specialist in travel medicine. Bring your glasses /contact lens prescription with you and pick up a spare made in India for the fraction of the cost at home.

* Check that your passport is valid for at least 6 months after your arrival date in India and that you have enough spare pages for visa stamps. Arrange your Indian visa and take out adequate travel insurance.

* Bring as little as possible - ideally a carry on bag should be sufficient unless you are planning a serious trek to the Himalayas or many stays in up market hotels where you will be expected to dress for dinner. You can buy almost anything in India, tampons being a possible exception outside the cities.

On Arrival

* India's time zone is GMT/UTC +5.5 so flying from almost anywhere in the world you will probably be jet lagged. Try to get onto India's time zone as soon as you leave home, try to eat and sleep on Indian time. Its easier if your flight arrives late in the day as you will probably want to sleep anyway. If you arrive early in the day try to stay awake and get out in the daylight - it helps the body's internal clock to reset. Have a short nap if you must but try to stay awake until about 8pm before crashing.

* Get the equivalent of $100 in rupees cash before leaving the airport. Taxis don't take US$! You cannot legally import or export Indian currency.

* Book a hotel for the first night. Use an international consolidator such as Hotel Club who offer good deals. Even on a low budget give yourself a nice hotel for the first night, 2 nights if arriving late, it allows you to ease into India. Take a pre-paid Taxi from the airport. Again there are cheaper ways to do it - but this stops the arguments about prices and meters.

* Chill out - don't try to sight see and shop on your first day - relax wander around - try to get your head around India - practice crossing the road (see the video first!).

When in India

* Accept that you are going to be the centre of attention where ever you go - you may think you are an olive-skinned brunette - but in India you will be immediately recognised as white. You can however make it easier on yourself by dressing conservatively or dressing like a local.

* Remember that he concept of personal space is a western one and doesn't apply in a crowded country like India. You will be stared at and spoken to, they are curious not intrusive.

* You will rarely see members of the opposite sex touch or hold hands in India, in contrast you will often see young men or women holding hands with the same sex. Kissing and being obviously affectionate in public is considered rude.

* Cover your head (sometimes) and remove your shoes (always) before entering a temple or other religious building - this includes Christian churches.

* If the touts get too much hire one, then the others will leave you alone. If you get a good one rickshaw wallah or guide doing this its probably a good idea to hang onto him for the rest of your stay in that town - you can be sure that he will suggest it!

Travel within India

* The main international airports in India are: Mumbai (Bombay), Delhi, Kolkata (Calcutta) and Chennai (Madras).

* Although Indian Airlines are the main internal carrier, India now has an open-skies policy which has led to many new cut-price airlines starting up and in some cases folding, stick with the better known ones.

* India was built on the railway. Its is still the main form of long-distance transport in the country. There are numerous classes and trains varying from historic steam trains, quaint wooden narrow-gauge hill trains to sleek, ultra modern expresses. Basically the slower the train the less you pay - but all of them are great value. The system, though often described as a study in bureaucracy, is surprisingly efficient and now features E-tickets when booked over the Internet. Trains often have tourist and VIP quotas so you may often get on a "full" train when a local will not. A trip to India is not complete without a train ride.

* There is also an extensive bus network with again buses ranging from super-deluxe to ordinary (very). One of the problems with the super-deluxe buses is the super cold air conditioning (bring a jacket) and the obligatory Hindi dance movie (at least you don't need the language to follow the plot, you've seen it before, as in Romeo and Juliet).

Keeping Safe

* Despite the warnings of foreign governments regarding safety, India is a very safe destination. There are terrorists and bombings and disputed areas but these tend to occur near the Pakistani, Chinese and Bhutanese borders, areas where you won't often be allowed to go as a tourist anyway.

* Petty theft is common and the pickpockets are very,very good. Do not carry large amounts of cash in your wallet or a back pocket. Do carry enough for a day or so expenses in a wallet in a front pocket and keep most of your wealth hidden. Be aware of who is watching when getting money from ATM's. Theft at knife or gun point is lot less likely than in countries such as the US or UK.

* Although women may get stares, rude suggestions and the odd grope, you will be unlikely to be seriously threatened. If you get uncomfortable appeal for help from couples or women - the haughty "you talking to me" attitude is usually effective.

* In cheaper hotels check that your windows and doors are secure before you take the room - you make want to bring your own padlock for added security.

* The most dangerous thing you will probably do is take a bus or cross the road - watch the video if you don't believe me!


With apologies to Dickens: India is the best of places, the worst of places. India is special, its just as gorgeous and just as ugly as the photos and videos accompanying this story suggest. You may not enjoy every minute there but you will come away with memories that will last you a lifetime. If you have the chance go - you will not regret it.