Month: June 2009

Submission of ITR V and Issues related thereto

Jun 4, 2009 Income Tax It has been proposed under the IT Circular 3/2009 that if the return is electronically furnished under a digital signature, the [...]

Infrastructure to generate Unique transaction Number (UTN) still not in place

Jun 22, 2009 The problem, though, is that infrastructure to generate UTNs is still not in place, leaving income tax assessees in a lurch as July 31, 2009, the [...]

Special Tax Break on New Car Purchases Available in States With No Sales Tax

WASHINGTON —The Internal Revenue Service and Treasury Department today announced that a tax break for the purchase of new motor vehicles is available in [...]