Corporate Updates 04 March 2014

INCOME TAX:

CPC (TDS) has introduced the convenience of online facility of PAN Verification on TRACES. With this feature, we will be able to validate the PANs with confidence for the purpose of recording and reporting your transactions in the TDS statements correctly. To avail the facility, it is requested to Login to TRACES and navigate to “Dashboard” to locate “PAN Verification” in the Quick Links menu. The functionality to download Consolidated TAN – PAN File has also been provided that includes all the PANs attached with the respective TANs. For get the detailed informatioin, please Click Here.

CUSTOMS ACT: 

CBEC amends Annexure-1 in Form A-1 (Application for Central Excise Registration), Includes ‘importer’ under Part I (Identification of business requiring registration) and also as a separate category under Serial No. 3. Further, notifies quarterly return form for registered importers w.e.f April 1, 2014 by issuing four separate notifications in this regard. To view all the four notifications, please Click Here

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