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Browse News Income Tax News

Displaying 40 - 50 of 787 in 79 pages

Information Regarding Tax Evasion

On 08 December 2012 at 11:36

The Government is focusing on increasing use of Information Technology for detection of evasion of tax. The Government also receives information on tax evasion from public at large through letters, e-mails, reports in media etc. the Government gran ...

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6 comments | 4203 hits


Committee on Direct Cash Transfers

On 07 December 2012 at 11:43

Government has constituted National Committee on Direct Cash Transfers chaired by the Prime Minister as a mechanism to coordinate action for introduction of direct cash transfers to individuals under various Government schemes and programmes. The ...

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0 comments | 2504 hits


Bilateral Convention on Avoidance of Double Taxation between India and UK

On 07 December 2012 at 11:43

A protocol amending the existing convention between India and the United Kingdom (UK) for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income and capital gains was signed in London on 30.10.2012, the ...

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0 comments | 1692 hits


Notification on Rule 56 of I.T. Rules, 1962

On 03 December 2012 at 11:55

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART–II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th November, 2012. ( ...

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0 comments | 4111 hits


General Anti-Avoidance Rules

On 29 November 2012 at 17:01

The GAAR (General Anti-Avoidance Rule) provisions have not been put on hold. The Finance Act, 2012 had provided that these provisions shall be effective from the 1st day of April, 2014 and apply to Assessment year 2014-15 onwards. One of the rec ...

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1 comments | 1040 hits


Rajiv Gandhi Equity Savings Scheme, 2012 u/s 80CCG of the Income-tax Act, 1961

On 28 November 2012 at 11:58

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY, DATED THE 23rd Government of India November, 2012] Ministry of Finance Department of Revenue Notification New Delhi, the 23rd (Income-tax) November ...

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2 comments | 6013 hits


Web Based Status Tracking Facility Launched to Check Corruption in Income Tax Refunds

On 24 November 2012 at 11:45

Instances of alleged corruption for settlement of refund claims and complaints come to notice from time to time. Whenever any such instance or complaints comes to notice, the same is verified and if it is found to be correct, the concerned officer ...

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7 comments | 4095 hits


Details of search by IT department in India

On 24 November 2012 at 10:42

The Income tax Department conducts search and seizure operations based on the credible companies, association of ‘persons’ which includes individuals, hindu undivided families (HUFs), firms, companies, association of persons (AoPs), bo ...

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0 comments | 3696 hits


Hon'ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit

On 23 November 2012 at 11:31

Hon’ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit. "I am greatly impressed by what has been created and put in place at the CPC. The CPC represents a technological leap for the I.T. Department. U ...

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0 comments | 1590 hits


Technical Panel to Firm up Views on Major IT Cases

On 23 November 2012 at 11:31

With a view to provide clarity on contentious legal issues, promote consistency of approach on a given issue and reduce litigation, the following institutional mechanism to formulate ‘Departmental View’ on contentious legal issues has ...

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0 comments | 870 hits








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