Where it is mandatory Quoting of PAN and TAN ?

Friends,

Here we will discuss about "Where it is mandatory Quoting of PAN and TAN ?"

Section 203A of the Act makes it obligatory for all persons responsible for deducting tax at source to obtain and quote the Tax deduction and collection Account No (TAN) in the challans, TDS-certificates, statements and other documents. Detailed instructions in this regard are available in this Department's Circular No.497 [F.No.275/118/ 87-IT(B) dated 9.10.1987]. If a person fails to comply with the provisions of section 203A, he will be liable to pay, by way of penalty, under section 272BB, a sum of ten thousand rupees. Similarly, as per Section 139A(5B), it is obligatory for persons deducting tax at source to quote PAN of the persons from whose income tax has been deducted in the statement furnished u/s 192(2C), certificates furnished u/s 203 and all statements prepared and delivered as per the provisions of section 200(3) of the Act.4.7.2 All tax deductors are required to file the TDS statements in Form No.24Q (for tax deducted from salaries). As the requirement of filing TDS certificates alongwith the return of income has been done away with, the lack of PAN of deductees is creating difficulties in giving credit for the tax deducted. Tax deductors are, therefore, advised to procure and quote correct PAN details of all deductees in the TDS statements for salaries in Form 24Q. Taxpayers are also liable to furnish their correct PAN to their deductors. Non-furnishing of PAN by the deductee (employee) to the deductor (employer) will result in deduction of TDS at higher rates u/s 206AA of the Act mentioned in para below.

Compulsory Requirement to furnish PAN by employee (Section 206AA):

Section 206AA in the Act makes furnishing of PAN by the employee compulsory in case of receipt of any sum or income or amount, on which  tax is deductible. If employee (deductee) fails to furnish his/her PAN to the deductor , the deductor has been made responsible to make TDS at higher of the following rates:

• at the rate specified in the relevant provision of this Act; or
• at the rate or rates in force; or
• at the rate of twenty per cent.

The deductor has to determine the tax amount in all the three conditions and apply the higher rate of TDS. However, where the income of the employee computed for TDS u/s 192 is below taxable limit, no tax will be deducted. But where the income of the employee computed for TDS u/s 192 is above taxable limit, the deductor will calculate the average rate of income-tax based on rates in force as provided in sec 192. If the tax so calculated is below 20%, deduction of tax will be made at the rate of 20% and in case the average rate exceeds 20%, tax is to deducted at the average rate. Education cess @ 2% and Secondary and Higher Education Cess @ 1% is not to be deducted, in case the tax is deducted at 20% u/s 206AA of the Act. 

NTPC Limited Recruitment 2013-14 for various Locations

Friends,

NTPC Limited (A Government of India Enterprise) invites applications from eligible candidates for Diploma Engineer Trainees posts. The interested candidates can apply in ONLINE mode only through the link provided on the official website of NTPC at www.ntpccareers.net. The site is functional from 10.00 hours of 19.08.2013 to midnight of 10.09.2013. No other means/mode of application will be accepted. The selection of the candidates will be made on written test. Eligible candidates will have to undergo two hours objective type written examination /test. Based on the merit and requirement, the list of successful candidates for appearing in interview will be made available at www.ntpccareers.net and communication will be sent to such candidates. All such short listed candidates will have to appear for Personal Interview. Before applying, the candidate should ensure that he / she fulfills the eligibility criteria and other norms mentioned in this advertisement on the web site www.ntpccareers.net. The brief details are as under : 

• Name of Post : Diploma Engineer Trainee 
• Educational Qualification : Diploma in Engineering with 70% marks (pass marks for SC/ST/PWD) in respective branch. 
• Stipend : Rs.15500/- per month as stipend for one year and after successful completion will be absorbed in the pay scale of Rs. 15500 - 3% - 34500
• Age Limit : 27 years as on 10/09/2013.

Detail of State wise Posts: 

• Uttar Pradesh : 25 Posts (Mechanical -12, Electrical-7, C&I-4, Civil-2)
• Maharashtra : 40 Posts (Mechanical -15, Electrical-14, C&I-8, Civil-8)
• Chhattisgarh & Madhya Pradesh : 40 Posts (Mechanical -20, Electrical-11, C&I-7, Civil-2)
• Andhra Pradesh and Karnataka : 20 Posts (Mechanical -10, Electrical-06, C&I-3, Civil-1)
• Delhi and Uttar Pradesh (NCR) : 25 Posts (Mechanical -9, Electrical-7, C&I-5, Civil-4)
• Bihar and West Bengal : 55 Posts (Mechanical -31, Electrical-13, C&I-11)
• Odisha : 20 Posts (Mechanical -10, Electrical-5, C&I-4, Civil-1)
• Uttarakhand : 11 Posts (Mechanical -2, Electrical-4, C&I-1, Civil-4)

Examination Date : 17/11/2013 

Application Fee : Rs.300/-to be paid by prescribed pay-in-slip/ challan form for OBC and General candidates only in any branch of SBI.

How to Apply: Eligible candidates have to apply only through Online registration system of NTPC from 10.00 hours of 19/08/2013 to midnight of 10/09/2013.

For more information Download Advertisement

Fresher BE/BTech/MCA in CS, IT, EC, EEE Recruitment in GradMener Last Date : August 12, 2012

Friends,

GradMener "Cloud Work Force” enables customers to meet their fluctuating demands using our 'flexible, mobile and skilled work force'. To add a competitive advantage, GradMener has partnered with eLitmus to ensure that only the best talent makes it on our roles. We actively scan the length and breadth of the country to discover high quality talent from colleges rarely visited by companies. Each of these graduates are taken through a rigorous work training and certification program - design of which took over 120 person years of effort, something which only handful of multimillionaire dollar IT organizations have been able to achieve. With unparalleled experience, comprehensive capabilities in building teams and knowledge on cutting edge tools/technologies, GradMener partners with customers to help them become high-performing businesses. We enable our customers to:

The details are as under :- 

• Company:  GradMener Technology Pvt. Ltd.
• Position: Software Test Analyst
• Job location: Pune
• Note: Locations are subject to change.
• Event date: 17 Aug 2012
• Last date 12 Aug 2012
• Salary Offered: Rs.300000/- Experience Required: Fresher

Gradmener is an IT company based in Pune and its “Cloud Work Force” enables customers to meet their highly fluctuating demands in today's volatile business environment. Its current portfolio of offerings enables companies to ship out bug free software and achieve quick ramp ups and ramp downs.

Eligibility:

- High pH test score in quant and problem solving

- Good academic track record

1) 2012 batch

- B.E./B.Tech/M.C.A. in CS, IT, EC, EEE

- Other branches who are highly conversant with software programming (any language) are also eligible

2) 2011 batch

- B.E./B.Tech/M.C.A.

- Atleast 6 months of experience in any industry and be highly conversant with software programming or testing (can be self learnt or undergone rigorous training)

Job Profile:

- Support functional, integration and user acceptance testing for applications across BFSI

- Understand business requirements and prepare test models

- Plan, prepare and execute tests, track and monitor defects to closure and produce test metrics / reports

- Automate regression packs using industry leading tools

Note : 

• Drive on 17th August is only at Pune. Candidates applying for Delhi and Bangalore will be sent invite for PUNE location itself
• Offer letters to selected ones will be given on the same day of drive and joining date will 21st August
• There is a 18 months service agreement

Company url: www.gradmener.com

Online Bulk PAN Verification

Friends,

Now a days PAN (Permanent Account Number) of Income Tax is required almost in every transaction/need. So there comes a problem to check the PAN supplied whether it is correct or wrong because if someone has provided wrong PAN then all the further transactions will be done on this wrong PAN and at the end of the Financial Year there will be a great problem when you issue Form 16 or Form 16A which is applicable and that will not match with the Income Tax Department record in the shape of form 26AS. So to enable eligible Entities verify Permanent Account Numbers (PANs), Income Tax Department (ITD) has authorized National Securities Depository Limited (NSDL) to launch an online PAN verification service for verification of PANs by authorized entities.

Entities who can avail of this facility:

    Department of Commercial Taxes
    Government Agencies (Central/State)
    Reserve Bank of India
    Banks
    Depositories
    Depository Participants
    Mutual Funds
    Companies (Required to furnish Annual Information Return)
    Credit card Companies / Institutions
    Any other entity required to furnish Annual Information Return
    Stock Exchanges
    Companies and Government deductor (Required to file TDS/TCS return)

Service

This service has three modes of verification:

(1) Screen based verification
(2) File based verification
(3) Software (API) based verification

(1) Screen based verification:

The users, after login, can furnish up to a maximum of five PANs in the screen provided. The PANs may be entered in the boxes provided in the screen and then submitted. The response giving details of PAN will be displayed in the response screen.

(2) File based verification:

The users, after login, can upload a file containing maximum of 1000 PANs (file structure as specified by NSDL). The site will make available, within 24 hours, a response file containing details of the PANs. In case, file format is incorrect, the system will convey the rejection within 24 hours. The entity can download the response at his convenience up to 15 days.

(3) Software (API) based PAN verification:

The facility is an interface that allows the user to make an online verification of PAN by accessing the verification-site through a software application.

Response to the User

In case of valid PAN, name of the PAN holder, last date of PAN update as per ITD database and the status as “existing and valid” will be displayed. If the PAN is a fake PAN as per ITD database, the status will be shown as “Fake PAN”.
 

In case where category of user is Department of Commercial Taxes, valid PAN, name of the PAN holder, Date of Birth, father’s name and last date of PAN update as per ITD database and the status as “existing and valid” will be displayed. If the PAN is a fake PAN as per ITD database, the status will be shown as “Fake PAN”
 

In case the PAN is not found in database, the response will be “not in ITD database”. In such cases, if the user is able to provide a proof of this PAN (copy of PAN card or PAN allotment letter), NSDL will forward the same to ITD for investigation.

ESIC Recruitment 2011

ESIC Jobs Openings  2011

Teaching  Jobs Under PGIMSR & Dental College

ESIC has advertised for recruitment to the faculty positions for Post Graduate Institute of Medical Science & Research (PGIMSR) & ESIC Dental College Delhi. Those who wish to apply against the current teaching posts under ESIC they can read the advertisement and instructions from the ESIC website.

Jobs Openings in PGIMSR

Dean : 06

Professor : 14

Associate Professor : 27

Assistant Professor : 17

Current Jobs Openings in Dental College, Rohini, New Delhi

Dean : 06

Professor : 14

Associate Professor : 27

Assistant Professor : 17

Last Date : 05 October 2011

Advertisement : http://esic.nic.in/Recruitment/DCA190811.pdf

Interested and eligible candidates looking for the career opportunity as teaching staff under ESIC they can apply against the above posts before the closing date.

ESIC is conducting a Walk in Interview for recruitment to the posts of Senior Resident (SR) on Regular and Contract basis in various departments at ESIC Hospital Parripally, Kollam, Kerala. Those who wants to apply against the current jobs openings they can read the advertisement details.

Senior Residents (SR)

No. of Posts : 18 (Regular – 08, Contract Basis – 10)

Salary : Regular – 51000/-, Contract Basis – 38000/-

Date of Walk in Interview : 28 July 2011
Venue : ESIC Hospital, Paripally, Kollam, Kerala

ESIC Recruitment Website : http://esic.nic.in/recruitment.htm

ESIC has also announced the list of provisionally selected candidates for the posts of Stenographer. List of Selected/Rejected candidates can be checked from the official website of ESIC.

Employee State Insurance Corporation (ESIC) has invited the application for recruitment to the posts of Stenographer & Lower Division Clerk. Those who wish to make career with ESIC can visit the official website for details of advertisement and application form.

LDC Vacancy in ESIC Himachal Pradesh

Employee State Insurance Corporation has advertised for filling up the following posts in state of Himachal Pradesh.

Lower Division Clerk (LDC) : 14

Pay Scale : Rs. 5200 – 20200/-, Grade Pay – Rs. 1900/-

Age Limit : 18 – 27 years

Last Date : 18 July 2011

Advertisement : www.esichp.in

Application for the above posts of LDC in Himachal Pradesh ESIC is to be filled online. You can read the instructions for applying online from the above website.

Current Jobs Openings in ESIC Chhatisgarh

Lower Division Clerk (LDC) : 22

Stenographer – Hindi : 01

Last Date : 03 July 2011

Advertisement : http://esic.nic.in/Recruitment/RaipurLDCEng210611.pdf

Duly filled in application for the above posts should be sent at the address given below.

Address :-

Regional Director (Administration), Regional Office, ESI Corporation, 18, South Avenue, Choubey Colony, Raipur (Chhatisgarh)

Capital Gain on Sale and Purchase of Two Houses - Exemption ?

Friends,

If someone has sold two houses and purchase two houses as well then what will be effect of Capital Gain in this process and how much exemption one can claim. India-capital-gains-exemption Income Tax Tribunal, Mumbai  in case of Rajesh Keshav Pillai vs ITO [2011] 44 SOT 617 while deciding the issue the quantum of exemption u/s 54 held that  in case there is sale of more than one residential house, the exemption will be available in relation to each set of sale and corresponding investment in the residential house

Fact of the Case

The assessee owned two flats being the flat Nos. 41 and 51 in Shikha Building, Pali Hill, Bandra (West). Both the flats had been purchased on 5-1-2001. The flat No. 41 was sold by the assessee on 16-6-2005 for a sum of Rs. 1,01,00,000 and the flat No. 51 had been sold on 29-4-2005 for a sum of Rs. 97,79,500. The assessee had thus earned income on account of long-term capital gain from sale of two flats in assessment year 2006-07. The indexed gain in respect of flat No. 41 was Rs. 88,55,558 whereas the indexed gain in respect of the flat No. 51 was Rs. 85,55,508. The assessee invested the gain on sale of flats in two different flats i.e., flat in Sai Dham at Govind Patil Road for Rs. 81,57,624 and flat at Girnar 55, Pali Hill for a sum of Rs. 95,71,364. The total investment in two flats was Rs. 1,77,28,988 which was more than the total index gain on sale of two flats of Rs. 1,74,17,617. The assessee, therefore, claimed the entire capital gain as exempt under the provisions of section 54.

The Tribunal Held

We are in full agreement with the decision of the Special Bench that exemption in respect of sale of a residential house will be available only when there is corresponding investment in one residential house. But the exemption will be available in respect of sale of any number of residential houses if there are corresponding investments in residential house and all other conditions are fulfilled. Thus in case there is sale of more than one residential house, the exemption will be available in relation to each set of sale and corresponding investment in the residential house. However, we are unable to agree with the plea of the assessee that exemption has to be calculated considering the aggregate of capital gain and aggregate of investment in the residential houses. In case there are sales of more than one residential houses, in our view exemption has to be computed considering each set of sale of residential house and the corresponding investment in one residential house and the combination which is beneficial to the assessee has to be allowed. In this case the learned AR has submitted that indexed gain of Rs. 88,55,558 in respect of sale of flat No. 41 should be considered against the investment in flat at Girnar for Rs. 95,71,364 which is allowed and the investment being more entire indexed gain of Rs. 88,55,558 in respect of sale of flat No. 41 will be exempt. The indexed gain of Rs. 85,55,508 in respect of sale of flat No. 51 will have to be considered against the investment of Rs. 81,57,624 in the flat at Sai Dham. Since the investment is less than the capital gain, difference of Rs. 3,97,434 will have to be taxed. We hold accordingly.

In nutshell

1. Exemption can be claimed for each house sold .
2. Exemption u/s 54 can be claimed for each house sold with respect to investment made in another house.
3. Exemption u/s 54 can not be claimed by aggregating the sale value and deducting the aggreagte of investment in houses.

Use Free Internet through Airtel 3G @ High Speed

Friends,

Now a days Internet is a very useful way to connect to the World. With the help of Internet you can have lot of information as required by you, pay online bills for which some time ago one have to wait in a que for hours, apply for Jobs ONLINE and the things you can't even imagine is possible through Internet. Everyone wants to use High Speed on your 3G Mobile for free. So, today I am going to share 100% Working tricks to Use Free Internet through Airtel 3G @ High Speed without any charge, So let see...

To Use Free Internet Through Airtel 3G @ High Speed: -

1.   GO TO PDPROXY.COM AND DOWNLOAD THE LATEST PDPROXY

2.  NOW REGISTER IN THE WEBSITE AND ACTIVATE YOUR ACCOUNT BY VALIDATING YOUR ACCOUNT

3. NOW CONNECT YOUR PHONE WITH AIRTELGPRS.COM APN AND THEN GO TO SETTINGS OF PDPROXY AND CLICK ON PROTO OPTION AND THEN ON UDP PORT CHANGE IT 0 TO 53

 

4.   THEN GO TO PD MAIN AND CONNECT USING DEMO SERVER AND UDP ON PROTO THEN CONNECT.

     5.  NOW ENJOY WITH GREAT SPEED.

 Note: - Working all india, where upd 53 blocked,there also working..

    So friend I hope you enjoyed this To Use Free Internet Through Airtel 3G @ High Speed and If you have any problem then please do comment and share your problem and views.

Tata Docomo Free Gprs trick For 2G/3G

Friends, 

As we know that Tata Docomo Free Gprs Tricks is most wanted now days & due to security updated in june all working  Docomo Free Gprs Tricks is stopped. So, Today I am going to post working “Tata Docomo Free Gprs trick For both 2G & 3G network”. By using this trick we can enjoy free handler browsing and downloading for both 2G and 3G Docomo networks without any charge.

Tata Docomo Free Gprs tricks For both 2G & 3G network: -

To get Tata Docomo free gprs trick we need Opera Mini Handler Browser or UC Web Browser Handler Moded Version or Bolt Handler Browser. Opera Mini Handler Working Good.

Follow these Steps To Get Docomo Free Gprs Trick:

    First Download Opera Mini 4.2 Lab Handler Moded Browser (Directly Link Download in your Mobile) in your Tata Docomo Mobile Phones

    2. Don’t change Custom HTTP Server(Primary Server) and Custom Socket Server(Secondary Server) in Opera Mini Handler.

    3. Only add in Front Query: - http://10.124.72.171.html.flyproxy.com/nph-proxy.pl/010110A/http/

    4. Now Save and Browser & Download using Tata Docomo Dive In Settings    

Note: - Must your Tata Docomo Balance above Rs 1/- to access Gprs Internet. Use Same Front Query in UCweb Handler Browser and Any other Handler browser and Enjoy Free 3G Gprs Internet in your Tata Docomo Mobile Phones.

So friend I hope you enjoyed this Tata Docomo Free Gprs tricks For both 2G & 3G network and If you have any problem then please do comment and share your problem and views.