Romancing The Taxation.... Change in Process of Allotment of PAN dated 24/1/2013

The procedure for PAN allotment process will undergo a change w.e.f.

03.02.2014. From this date onwards, every PAN applicant has to submit self-

attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of

Birth (DOB) documents and also produce original documents of such

POI/POA/DOB documents, for verification at the counter of PAN Facilitation

Centres. The copies of Proof of Identity (POI), Proof of Address (POA) and Date

of Birth (DOB) documents attached with PAN application form, will be verified

vis a vis their original documents at the time of submission of PAN application at

PAN Facilitation Centre. Original documents shall not be retained by the PAN

Facilitation Centres and will be returned back to the applicant after verification.

Romancing the Taxation... New case Law on Transfer of shares by non resident

Romancing the Taxation
Transfer of shares of a listed Indian  company by a nonresident without  consideration is not liable to tax in
India .
DIT v. Goodyear Tire and Rubber Company  

Romancing The Taxation... Clarification on TDS

Clarification on TDS

TDS provisions won't get attracted on payer if it made payments without claiming them as expenditures.Once assessee has not claimed expenditure or reimbursement of expenses, assessee is not liable to deduct tax at source