Furnish PAN of Landlord to your employer if paying rent more than Rs.1.00 lakh per annum

If annual rent paid by the employee to his/her land lord exceeds Rs 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.

New procedure for import in the State of UP

Commissioner, Commercial Tax, UP assuming powers u/s 50(1) of the UP Vat has vide his Order no. 1584 dt. 4.1013 (Circular No. 1314057 dt. 7.10.13) provided new procedure for import of specified 25 class of Goods into the State of UP wef 28.10.2013 as under :

TAXATION OF NON-RESIDENTS

Who is a ‘resident’ for tax purposes? (Section 6)

1. INDIVIDUAL

1. An individual is considered as a ‘resident’ if he is

1. in India for 182 days or more in a previous year

OR

2. in India for 365 days or more in 4 years immediately preceding a previous year and 60 days or more in a previous year

Pay Self Assessment Tax to avoid getting Notice from Income Tax department

Assessees whose tax liability as per ITR is more than Rs.100/- are supposed to pay their tax liability on or before due date of filing their ITR. however it has been noticed by the Income Tax Department that some of assessee filed their ITR within due date but forget to pay tax. Now department has issued circular advising all such assessees to pay tax before getting notice to avoid penal consequences. detailed circular is appended below for reference of guest/member of the blog:-

CBDT Extends Due Date For Filing Tax Audit Report For AY 2013-14

The CBDT has issued an order dated 24.10.2013 under section 119 of the Act in continuation of the order dated 26.09.2013 directing that in cases where the ‘due date’ of furnishing reports of audit and corresponding income-tax returns was 30th September 2013 and where the same are furnished electronically on or before 31st October 2013, such reports of audit and returns of income shall be deemed to have been furnished within the ‘due date’ prescribed under section 139(1) of the Income-tax Act, 1961

source:- http://www.itatonline.org/info/index.php/cbdt-extends-due-date-for-filing-tax-audit-report-for-ay-2013-14/