Tax Audit Date Extended?- Fake Order doing rounds

Sunday Evening when I was enjoying the evening with family suddenly My Email and Whatapps Message box shown spike of messages which were coming from our viewers and friends. The Most of the Messages/Emails were in respect of one Income Tax order in which it is claimed that Due date for Income Tax Return is been extended to 15th October 2015 from current 30th September 2015.

We checked the Notification for its authenticity and found that the same cannot be relied for the following reasons :-

1. We confirmed with CBDT officials and they denied issue of any such Notifications.

2. We checked the official Websites of Income Tax, Government of India and Finance ministry and have not found any such notification, Order or announcement.

3. Income Tax Press release starts with F. No. while in this order it started with PF N0.

4. in Address of ICAI Pin code is 110001 instead of 110003.

5. Income Tax Office is in North Block not West Block.

6. Income Tax Department do not have ITEN division. Normally such announcement comes from TPL Division or ITA.II Division. 

7. Its been issued on Saturday -26.09.2015 a day when CBDT offices were closed. 

8. At the top date is 26.09.2015 but in signature the date is mentioned as 26/05/2015. 

9. In Subject orders mentions extension of date of ITR but in body the Notification discussed about section 44AB related to Tax Audit. 

10. Due dates for Tax Audit Returns is been specified under section 139(1) not under Section 44AB. Order which is doing rounds on Social media is as follows :-  

We request our readers to not to rely on any such notification unless they confirm the same with official website of Government of India or they may check our website where we will update them if any such announcement comes. 

Source Online Article

e-Form 16 facility available to dealers having turnover more that 50 Cr

e-Form 16 facility is already available to dealers above 100 Cr which was further extended to dealers having turnover above 50 Cr vide notification no 3109 dt 16/09/2015 (click for notification).

The manual forms 16 will not be available to the dealers having annual turnover above 50 Cr. from the midnight of 30th September, 2015, only e-forms will be used instead of manual forms.

Date extended till 7th September for taxpayers required to e-file their Income Tax Return for Assessment Year 2015-16

mail received from income tax department for date extension till 07.09.15

Dear Taxpayer,

CBDT has extended date till 7th September for taxpayers required to e-file their Income Tax Return for Assessment Year 2015-16. In case you were unable to efile your return on or before 31st August, this is a gentle reminder. E-file early to avoid the last minute rush.
This year, nearly 30 Lakh taxpayers have already opted for the electronic verification facility using which you can avoid the signing and sending of the ITR-Verification form to CPC Bangalore. E-verification is possible through

i. Aadhaar One-time password (OTP) for which you would have to authenticate your Aadhaar and link it with your PAN, or
ii. Net-banking where you can login to your netbanking account and get redirected to the efiling account directly or
iii. E-filing OTP (available only if the Returned Income is below Rs 5 Lakh and no refund is claimed).

You are, therefore, kindly requested to login to https://incometaxindiaefiling.gov.in and download the free return preparation software with a host of new features to help you in preparing the Income Tax return and submit your return. You can also prepare and submit ITR1 and ITR4S online. Please take some time to browse through all the value .added services offered on the E-filing website that will help you prepare your return accurately and guide you in case of any prior pending items.

Needless to mention that the quicker you submit your return with e-verification or send the signed ITR-V (ITR-Verification) form to CPC, Bangalore, the faster your refund, if any, would be processed and credited to your bank account. As on 2nd Sept 2015, over 18 lakh refunds have already been issued for AY 2015-16, many of them where return was e-verified! File early to get your return processed soon .

In case you have already e-Filed for Income Tax Return for AY 2015-16, kindly ignore this email.

Regards,
e-Filing Team,
Income Tax Department.

Civil & Electrical Contractors Scheme for 2015-16

The most awaited civil & electrical contractors scheme is now available vide notification no 675 dt 10/08/2015

The scheme is effective from 01.042015 till 31.03.2016

Copy of notification

सिर्फ तीन कामों के लिए होगा आधार कार्ड: सुप्रीम कोर्ट

आधार कार्ड को लेकर सुप्रीम कोर्ट की संवैधानिक पीठ ने मंगलवार को अहम फैसला सुनाते हुए कहा कि इसे अनिवार्य नहीं बनाया जा सकता।

कोर्ट ने केंद्र सरकार को स्पष्ट निर्देश देते हुए कहा कि इसका इस्तेमाल सिर्फ सरकार की कल्याणकारी योजनाओं के लिए किया जा सकता है।

कोर्ट ने निर्देश दिया कि आधार का इस्तेमाल सरकार की ओर से चलाई जा रही खाद्यान्न योजना, केरोसिन वितरण और एलपीजी सब्सिडी पाने के लिए किया जा सकता है। इसके अलावा किसी आपराधिक मामले की जांच के लिए भी आधार को पहचान के प्रमाण के तौर पर इस्तेमाल किया जा सकता है।

इससे पहले कोर्ट की बेंच ने सभी नागरिकों को आधार कार्ड मुहैया कराने की केंद्र की महत्वाकांक्षी योजना को चुनौती देने वाली याचिकाओं को संविधान पीठ के पास भेज दिया था। अतिरिक्त सॉलिसिटर जनरल पिंकी आनंद ने न्यायालय को सूचित किया कि उसके पहले के आदेशों के मद्देनजर राज्यों और संबंधित प्राधिकारियों से कह दिया गया है कि वे विभिन्न योजनाओं का लाभ प्राप्त करने के लिये आधार कार्ड की अनिवार्यता पर जोर नहीं दें।

न्यायालय वेतन, भविष्य निधि के भुगतान, विवाह और संपत्ति के पंजीकरण सहित कई गतिविधियों के लिये आधार कार्ड अनिवार्य बनाने के कुछ राज्यों के फैसलों के खिलाफ दायर याचिकाओं पर सुनवाई कर रहा है। सरकार ने यह भी कहा था कि जिन लोगों के पास आधार कार्ड हैं, उनसे प्राधिकारियों को अपने आधार कार्ड मुहैया कराने को कहा गया है, लेकिन यह वैकल्पिक है।

 

Source:

Navbharat Times website
http://navbharattimes.indiatimes.com

Supreme Court Stays Imposition of Service Tax on Lawyers

Supreme Court bench comprising Chief Justice H.L. Dattu, Justice A.K. Mishra and Justice Amitava Roy has stayed the Bombay High Court’s order, dated 15.12.2014 in the case of P.C. Joshi Vs. Union of India of dismissing the petition challenging levy of service tax on lawyers.
The Bombay Bar Association has challenged aforesaid order as well as the provision of Sub-clause (zzzzm) of clause (105) to Section 65 of the Finance Act, 1994, which was inserted by the Finance Act, 2011.

Few of the prominent questions of law, amongst others, as framed before SC are as below:

Whether the relationship between an advocate and a litigant is that of a provider and a service recipient or whether the relationship is that of a representative and a litigant ?

Whether the impugned judgment is correct and legal in as much as levy of service tax on the provision of assistance to the court would hit the provision of justice either by the individual or a business entity as both are indisputably guaranteed under right to justice in terms of Article 21 read with Article 39A of the Constitution ?

Bombay High Court 

It is pertinent to note that Bombay High Court while dismissing the petition held that

“the taxable service means any service provided or to be provided to any person, by a business entity, in relation to advice, consultancy and assistance in any branch of law, in any manner.”

“legislature by inserting such provision has neither interfered with the role and function of an advocate nor has it made any inroad and interference in the constitutional guarantee of justice to all. The services provided to an individual client by an individual advocate continues to be exempted from the purview of the Finance Act and consequently Service Tax but when an individual advocate provides service or agrees to provide services to any business entity located in the taxable territory, then, he is included and liable to pay Service Tax.’ The judgment also notes, ‘The Advocates and legal practitioners are known to pay professional taxes and taxes on their income. They are also brought within the purview of service tax because their activities in legal field are expanding in the age of globalization, liberalization and privatization. They are not only catering to individuals but business entities.”

Source: Online

e-Form 16 facility available to dealers having turnover more that 100 Cr

e-Form 16 facility is already available to dealers above 500 Cr which was further extended to dealers having turnover above 100 Cr vide notification no 2159 dt 22/07/2015 (click for notification).

The manual forms 16 will not be available to the dealers above 100 Cr. from the midnight of 14th August, 2015, only e-forms will be used instead of manual forms.