Income tax India

Contents
1
With a view to bring larger number of persons in the tax net, now any person who satisfies even one of the following six indicators is required to file a tax return
2
Is the Specified Floor Area Different for Different Cities?
3
Has the one-by-six scheme been extended to more cities?
4
Is there any exemption for senior-citizens?
5
Are there any special exemptions for travel to neighbouring countries?
6
Is there any penalty for non-filing of return under this scheme?
7
How is the rebate of Income Tax calculated?
8
Who can claim Rebate u/s 88?
9
Is there a special Rebate of Income Tax avaliable to persons who have attained the age of 65 years?
10
Is there a special Tax Rebate for lady assessees below the age of 65 years?
11
Is it true that a special rebate of Income Tax, on subscription to shares and debentures, is available to Tax payers?
12
Has a special rebate been given for low paid salaried employees?
13
What are the precautions to be taken when allowing Rebate(s) under chapter-viii?
14
In case Tax Rebate is allowed in an assessment year, can it be withdrawn in a subsequent assessment year?
15
Can you claim Tax Rebate in respect of long term capital gains?
16
Is tax rebate allowable even if lic premium is in excess of 10% of sum assured?
17
What should be the source of such payment or deposit?
18
What is the duty of the DDO before allowing claims of Tax Rebates?
19
New procedure of assessment in brief
20
In a case where the assessee has paid the full tax and interest on the basis of income returned by him will the assessee be given an assessment order?
21
What would be the status of the returns filed prior to 1st june 1999 and which were pending on that date?
22
What happens in a case where tax or interest is found to be due on the basis of Income declared?
23
In a case where a Refund is due will the assessee get the assessment order?
24
What is the present position of Rectification of mistake in an intimation sent to an assessee?
25
Penalties & prosecutions
26
Penalties
27
If an assessee does not file his return of Income, is any penalty imposable upon him?
28
Prescribing maximum penalty for defaults committed with reference to sections 197a and 203
29
Prosecutions
30
Appeals and Revisions
31
Rectification of an order by an Income Tax authority
32
Is there a time limit for disposal of application for Rectification u/s 154?
33
Revision Petition before the commissioner
34
Is there a fee for filing revision application before the commissioner of Income Tax?
35
First appeal to commissioner (appeals)
36
Has there been any change in powers of the commissioner (appeals)?
37
Second appeal to appellate tribunal
38
Stay granted by appellate tribunal for recovery of demand is operative for what period?
39
Appeal to the high court
40
Reference & appeal to hon'ble supreme court
41
What is the fee for filing appeal(s)?
42
Jurisdiction of civil courts barred
43
Refunds: how to get them fast
44
Who is entitled to claim a refund?
45
Is there form of claiming a refund and what is the limitation for such a claim?
46
Can a refund be claimed even beyond the period of one year?
47
Has a claim also to be made before the assessing officer in case of a refund arising on appeal?
48
Are there any exceptions to this procedure?
49
If the assesment is annualled, has the Tax paid even on returned Income to be refunded?
50
Do the authorities have powers to withhold issue of a refund?
51
Is interest to be paid on a delayed refund?
52
Can the assessing officer set off refunds due to the assessee against tax demands remaining payable by the assessee?
53
Is the assessing officer bound to accept a TDS certificate issued by the central government showing book adjustments?
54
Where non-residents are deputed to work in India and Taxes are borne by the employer, if any refund becomes due to the employee after he has already left India and has no bank account in India by the time the assessment orders are passed, can the refund can be issued to the employer?
55
Can excess TDS Be refunded by the tax deducting authority itself?
56
Some important tax provisions
57
TDS on winnings from game shows
58
Tax reduced on winnings from lottery, crossword puzzle, etc.
59
Collection of short TDS from payer of income
60
Modification of provisions relating to tax deduction on at source on interest income
61
Facility for filing of TDS returns on computer diskettes
62
Enlarging the scope of credit for tax deduction at source
New criteria for identifying New Assessees :-

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INCOME TAX Rules

Chapter Heading
PRELIMINARY
DETERMINATION OF INCOME
ASSESSMENT PROCEDURE
AVOIDANCE OF REPETITIVE APPEALS
TAX EXEMPTIONS AND RELIEFS
REGISTRATION OF FIRMS
DEDUCTION OF TAX AT SOURCE
COLLECTION OF TAX AT SOURCE
PAYMENT OF ADVANCE TAX
TAX CREDIT
MINIMUM ALTERNATE TAX
REFUNDS
TAX CLEARANCE CERTIFICATES
SETTLEMENT OF CASES
ADVANCE RULINGS
MUTUAL AGREEMENT PROCEDURE
APPEALS
ANNUITY DEPOSITS
ACQUISITION OF IMMOVABLE PROPERTIES UNDER XXA
PURCHASE OF IMMOVABLE PROPERTIES UNDER XXC
AUTHORISED REPRESENTATIVES
RECOGNISED PROVIDENT FUNDS
APPROVED SUPERANNUATION FUNDS
APPROVED GRATUITY FUNDS
MISCELLANEOUS

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