Income Tax News

CBDTs instruction on Minimum alternate tax

04 September 2015 at 10:21

Following the Acceptance of the Recommendation of the Justice A.P.Shah Committee by the Government, CBDT Advises its Field Authorities to keep in Abeyance, for the Time being, the Pending Assessment Proceedings in Cases of FIIS/FPIS Involving the App

Posted in Income Tax | 1 comments | 14568 Views

Due date for filing ITR extended till 7th sep for all taxpayers

02 September 2015 at 19:59

F.No.225/154/2015/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth-Block,ITA.II DivisionNew Delhi, the. 2nd September, 2015Order under Section 119 of the Income-tax Act. 1961For Assessment Year 2015-

Posted in Income Tax | 3 comments | 17502 Views

Due date for filing ITR extended to 7th Sep in Gujarat

01 September 2015 at 10:27

CBDT has extended Due date of filing ITR from 31/08/15 to 7/9/15 only for GujratPlease refer to the attached file for more details

Posted in Income Tax | 3 comments | 19782 Views

ICAI follows with authority to extend due date for filing return

29 August 2015 at 12:31

As you are aware, the Direct Taxes Committee of ICAI has already made a representation for extension of due date for filing return of income and is very vigourously pursuing the same. The Direct Taxes Committee of ICAI with the help of the President,

Posted in Income Tax | 15 comments | 20055 Views

Indirect taxes grow more than 37% in first four months

25 August 2015 at 10:13

FM: Buoyancy in the Indirect Tax Collections as They Grow more than 37% in the First Four Months of the Current Financial Year 2015-16; That Manufacturing and Service Sector is Performing Well; Economy Showing Strong Revival and Growth; GST is a Monu

Posted in Income Tax | 2 comments | 7344 Views

India signs agreement with Seychelles for tax information exchange

21 August 2015 at 10:05

Signing and Ratification of agreement between India and Seychelles for the exchange of information with respect to taxes The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the signing and ratification of the agreement b

Posted in Income Tax | 1 comments | 10431 Views

Tax benefits notified in the state of Bihar

20 August 2015 at 10:14

Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward

Posted in Income Tax | 9588 Views

Computation of period of stay in India in certain cases

19 August 2015 at 10:36

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE[CENTRAL BOARD OF DIRECT TAXES]INCOME-TAXNotificationNew Delhi, the 17th August, 2015S.O. 2240(E).

Posted in Income Tax | 11676 Views

34281 cases pending related to direct tax in high courts

12 August 2015 at 10:42

The number of cases relating to Direct Taxes pending in various High Courts and the amount involved therein is as below: High Court No. of cases pending* 34,281 Amount involved* (in Rs. crore)

Posted in Income Tax | 4 comments | 15000 Views

Indirect Tax Provisional Revenue Collection Increases by 39.1%

11 August 2015 at 18:01

Indirect Tax Revenue (Provisional) Collections Increase From Rs. 40,802 Crore in July 2014 to Rs. 56,739 Crore During July 2015 Registering an Increase of 39.1% During the Month of July 2015 Over the Corresponding Period in the Previous Year; Customs

Posted in Income Tax | 1 comments | 9246 Views