Tuesday, July 29, 2008

Will pakistan Attack India ?

Pakistan has been making repeated incursions across the agreed Line of control in kashmir, with as many as 19 violations of the Line of Control (LoC) recorded since January this year. The latest incident happened today when pakistani soldiers crossed over to Indian side of the border and demended an Indian observation post to be vacated. An Indian soldier and pakistani soldiers were killed in the gun battle that ensued.

Meanwhile an Indian Private TV channel also brought to light the fact that pakistani airforce has violated Indian Airspace thrice in last two months. These reports were later confirmed by the Indian Airforce officials, who said that protest has been registered through dilpomatic channel. Fali Major, Air Chief, confirming to the reports of airspace violation said, "As usual our operational readiness is in place. They man three or four places in western air command which stretches from Kashmir to Rajasthan. This has been the norm throughout. But, we have not taken extra precautions because we know how these intrusions took place, and why they happened.”

Meanwhile pakistani army has also been seen providing cover fire for militants who are trying to infiltrate into Indian territory. When these incidents are seen along with the serials blasts which happened in two major Indian cities which lead to the dead of 50 people. And also the latest recovery of unexploded bombs from all over India, it becomes clear that Pakistani army and its Inter Service Intelligence (ISI) is trying to combine the proxy war tactic with actual military efforts.

What the pakistani army is cooking up and under whose orders remains to be seen? Their motive in this matter also remains unclear. At this point we can only speculate. Hope the situation doesn't get worse, or else a flare of between India can make pakistan's democratic institution more frail and completely dependent on the pakistani army. This also increases the likelyhood of terrorist organisations laying their hands on pakistani nuclear arsenal.

Friday, July 25, 2008

IT returns to be filed without TDS certificates


The Central Board of Direct Taxes have vide notification S.O.No.752(E) dated 28.3.2008, notified the return forms for the assessment year 2008-09. With a view to enabling tax-payers to file returns in the electronic mode, these returns (except ITR-7) have been made annexure-less. In the recent past media reports have raised doubts on whether TDS/ TCS certificates, counterfoil of challan for tax payment and other documents should be filed along with the return or not. On consideration by CBDT, it is clarified that –

(i) no annexures, TDS/ TCS certificates are required to be annexed to the returns of income. Wherever documents are attached with the return, the receiving official is required to detach and return to the tax-payers all such annexures;

(ii) ITR-V verification form is in the nature of an acknowledgement, and therefore, the same should be received by giving a Return Receipt Number, as if it were a return. These ITR-V verification forms are to be received in separate counters to be set up for the purpose and these forms should be kept in safe custody

(iii) the credit for tax deducted at source (TDS)/tax collected at source (TCS) shall be allowed on the basis of details furnished in the relevant schedules of the return forms, subject to relevant instructions on verification of TDS claims;

(iv) no disallowance of claim for TDS/TCS shall be made by the assessing officer only on the ground that the TDS/TCS certificates have not been filed along with the return of income or Form ITR-V. The same procedure shall also apply in respect of challans relating to Advance Tax and Self Assessment Tax;

(v) assessees are also advised to retain with themselves all annexures relating to computation of income, TDS/TCS certificates, counterfoil of challans relating to payment of advance tax and self assessment tax, audit reports and any other document which they would have otherwise liked to file in support of their claims. The original documents and certificates may be produced by them as and when called for by the assessing officer.


E-Payment of Income Tax through account of any person

The Central Board of Direct Taxes has issued Circular No. 5/2008 dated 14th July 2008 clarifying the following things -

With a view to facilitating electronic payment of taxes by different categories of taxpayers, it is hereby clarified that, an assessee can make electronic payment of taxes also from the account of any other person. However, the challan for making such payment must clearly indicate the Permanent Account Number (PAN) of the assessee on whose behalf the payment is made. It is not necessary for the assessee to make payment of taxes from his own account in an authorized bank.

Further, it is also clarified that payment of any amount by a deductor by way of tax deducted at source (TDS) or tax collected at source (TCS) shall fall within the meaning of `tax' for the purpose of the rule 125 of the Income-tax Rules, 1962.

Monday, July 21, 2008

Biometric PAN cards soon for new IT payers

The government will soon introduce biometric permanent account numbers (PAN) for income tax payers, though initially only new applicants would be brought under its net, Finance Minister P Chidambaram said on Monday.

"There is progress on biometric PAN cards. Features have been finalised, what biometric measure will be used in the PAN card is being identified," he said when asked about the progress on government's proposal last year to introduce biometric PAN cards.

He said the bids would soon be invited by the Central Board of Direct Taxes (CBDT) in this regard to issue PAN cards with biometric features.

The biometric PAN card could use 'iris' scan for identification. This means that one might have to provide fingerprint or iris/retina impression.

The Income Tax department had mooted introducing such cards about two years ago, when it found that over 13 lakh people out of about total four crore PAN card holders had duplicate cards.

Most of them had provided wrong information about their home address or even furnished different names in the column of father's name to get two or three PAN cards.

The move has been, however, delayed due to lack of consensus in the department over the use of technology and due to high costs.

Currently, a PAN card costs about Rs 60. A biometric PAN card, however, will cost anything between Rs 200 and Rs 300, sources said.

Chidambaram further said the biometric cards would be introduced only for new applicants, and "old PAN cards will be valid."

Tuesday, July 15, 2008

Wedding Photo Shoot during China Earth quake

Captured moments from the major quake in Si Chuan

It was a day to remember...

Their Wedding shoot.

At the famous 100-year-old Church of the Annunciation in Pengzhou, China.

Morning May 12, photographer Wang went about preparing to shoot

wedding pictures for a young couple, this was the test shot before the Quake...
Pengzhou is located in the Sichuan province. It was morning May 12, 2008.

And then it happened.... the earth quake! 7.8 on the Richter scale.

Bricks fall from the building during the earthquake, which turned Wang from a
wedding photographer into a journalist.

'Thank God we were only shooting from outside the church!' remarked a helper.

The stunned couple huddles together at the church ground during initial tremors.

'I shouted to people, 'Run! Run!'' said photographer Wang Qiang.
'The ground shook and we couldn't see anything in the dust.'

As the dust began to clear, the true extent of damage was only beginning to appear...

A cracked facade was all that remained of the 100-year-old Church of the
Annunciation after the quake. Most of the church 'collapsed in 10 seconds,' said Wang,
who lives in Chengdu, capital of hard-hit Sichuan province.

Soon after the quake, the people at the seminary set out for a nearby village,
but residents warned them the route was blocked. 'We could still hear landslides,'
Wang wrote in an online account of the disaster. So they stayed overnight in a
tent and made it to the village the next day, thanks to help from a truck driver.

A scarf from a wedding dress lies forgotten in front of the seminary.
Wang said he thought the catastrophe would strengthen the bonds of
the couples who were there that day: 'Having gone through a life-and-death test,
they surely will clasp hands and grow old together.'

No one was harmed at the above location.

They'll sure have a Wild story to tell their Children!