TIOL-DDT 475 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#663399" size="3">TIOL-DDT
475</font><br>
23 10 2006<br>
Monday</b></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Gujarat
Relief – No relief says Board</font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Board
has clarified that for the interregnum period from 27.01.2001 to 30.05.2001,
there was no provision for exempting intermediate goods arising in the course
of manufacture of exempted final products cleared for Gujarat relief work and
hence due central excise duty was required to be paid by the manufacturers.
Board had, in 2002, advised that Show Cause Notices may continue to be issued
but adjudication may be deferred till Board clarifies the matter.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now
Board wants the cases to be recalled from the call books and adjudicated. The
Gujarat earthquake brought misery to the state, but Revenue department has ensured
that the misery continues for the rest of the country who supplied relief material.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><u><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=31&filename=notification/excise/2006/tru.htm">Board’s
345/3/2001 - TRU (Vol.II) Dated the 12<sup>th</sup>September, 2006</a></u></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">AVOIDANCE
OF DOUBLE TAXATION </font></b></font></p>
<p align=justify><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The
Convention between the Government of the Republic of India and the Government
of the Kingdom of Saudi Arabia for the avoidance of double taxation and the
prevention of tax evasion with respect to taxes on income shall come into force
on the 1st day of November 2006. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=35&filename=notification/cbdt/2006/it06not0287.htm">NOTIFICATION
NO. 287/2006, Dated : October 17 , 2006</a></font></p>
<p align=center><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Income
Tax returns by coffee growers</font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">As
per Board’s circular No.10/2003 dated 24th December, 2003 an individual deriving
income from growing and curing of coffee who is not covered by the first proviso
to Section 139(1) of the I.T. Act, would not be required to file a return of
his income if his income from growing and curing of coffee was Rs. 2 lakhs or
less. The Finance Act, 2005 has subsequently raised the exemption limit for
individual taxpayers from Rs.50,000 to Rs. 1 lakh from the Assessment year 2006-2007.
The exemption limit in the case of an individual, being a woman resident in
India and below the age of 65 years, has been increased to Rs.1,35,000/-. In
the case of an individual, being a resident in India, who is of the age of 65
or more at any time during the previous year, the exemption limit has been raised
to Rs. 1,85,000/-.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The
Board has reconsidered the matter of filing of return by the individual coffee
growers in order to provide further relief to them and it is clarified that:</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++
An individual deriving income from growing and curing of coffee would not
be required to file his return, if the aggregate of 25% of his income from
growing and curing of coffee and income under all other sources liable to
tax is equal to or less than the exemption limit (1st slab of the rates of
Income-tax) prescribed for individual tax payers in the first Schedule of
the Finance Act of the relevant year. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">If
you don’t understand this, Board has given several examples to drive home the
point. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=36&filename=notification/cbdt/2006/it06cir010.htm">CBDT
CIRCULAR No. 10/2006, Dated : October 16, 2006</a></font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#006600">e
-go</font></b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Our
piece on the Seventh Sense received tremendous response, not all complimentary
of course. A netizen even wondered why it evoked so much response. And another
one sent in a hilarious incident. In government there is an unwritten rule that
when one officer calls up another officer on phone, the junior officer has to
wait before the senior one come on line. The phone conversation would go like
this.</font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA1:</strong>
Hello!, I am PS to Chief Commissioner xxx; he is 1971 batch. Wants to speak
to your Chief Commissioner; which batch is he? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA2:</strong>
He is 1970 batch; ask your Chief Commissioner to come on line.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA1:</strong>
on intercom to his boss: Sir, you wanted to speak to Chief Commissioner xxxx;
his PS is on line.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This
protocol took a nice twist when a senior Chief Commissioner wanted to speak
to his junior colleague who had been just promoted as Member. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA1:</strong>
Hello I am PS to CC XXX. He wants to speak to your Chief Commissioner.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA2:</strong>
Ask your CC to come on line.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA1:</strong>
No, ask your CC to come on line, my CC is senior.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA2:
</strong>He was senior till yesterday, but today my CC is promoted as Board
member and so he is senior.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PA1:
I </strong>don’t think my boss would like to come on line and wait; let me
find out.</font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The
PA goes in and tells his boss that the other PA informs that his boss is senior
and so his boss will not come in line. The big boss says, “Forget it I will
not talk to him”</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(This
is a true incident and not fiction.)</font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until
tomorrow with more DDT </font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have
a nice day. </font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail
your comments to</font> <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="mailto:vijaywrite@taxindiaonline.com">vijaywrite@taxindiaonline.com</a></span></font></p>
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