Monthly archive

May 2012

CBDT Instruction On Grant Of TDS Credit For AY 2011-12

May 28, 2012
Instruction No. 4/2012 [F. No. 225/34/2011-ITA.II], dated 25-5-2012 The Board has decided to withdraw Instruction no. 01/2012 issued on 2nd February, 2012 on the subject above with immediate effect. The following decisions have been taken in this regard:   (i) In all returns (ITR-1 to ITR-6), where the difference between

Tackling double taxation of software

Budget 2012-13 possibly provides an opportunity to resolve this longstanding problem through the proposed taxation of services. The indirect taxation of information technology software has been a longstanding matter of debate and dispute. In particular, the challenge of double taxation has been endemic. This article highlights the recent developments in