Income Tax News


Gross Direct tax collection up by 12.33%

   07 January 2014 at 10:52

Gross direct tax collections during april-december of the current financial year 2013-14 is up by 12.33 percent and stood at rs. 4,81,914 crore as against rs. 4,29,023 crore in the same period last year Gross direct tax collections during April-Decem

Posted in Income Tax  4 comments |   13026 Views


CBDT revises list of docs to be enclosed with PAN request

   27 December 2013 at 12:37

GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNotificationNew Delhi, the 23rd day of December, 2013 S.O. 3794 (E)- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961),

Posted in Income Tax  3 comments |   38901 Views


Achievements and Initiatives Taken by the CBDT Helping in Facilitating the Tax Payers, Improving the Efficiency and Equity of the Tax System and Promoting Voluntary Compliance

   23 December 2013 at 11:32

Following are the major highlights/achievements made by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance over a period of time especially during the last one year : The Department of Revenue, Ministry of Finance,

Posted in Income Tax |   15957 Views


Net Direct Tax Collections During the Current Fiscal upto 20th december 2013 sTood at rs. 4,12,918 crore as Against rs. 3,63,338 crore in the Same Period Last Year

   23 December 2013 at 11:29

Net Direct Tax Collections During the Current Fiscal upto 20th december 2013 sTood at rs. 4,12,918 crore as Against rs. 3,63,338 crore in the Same Period Last Year; Showing a Growth of 13.7%; Advance Tax Collections upto December Quarter has been rs

Posted in Income Tax  5 comments |   18282 Views


Ministry of Finance regarding announcement of Tax Administration Reform Commission (TRAC)

   23 December 2013 at 11:28

Ministry of Finance regarding announcement of Tax Administration Reform Commission (TRAC)

Posted in Income Tax  1 comments |   18120 Views


Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961

   23 December 2013 at 11:26

RBI/2013-14/412DBOD. No.BP.BC.77/21.04.018/2013-14 December 20, 2013 The Chairmen and Managing Directors / Chief Executive Officers ofall Commercial Banks (excluding Regional Rural Banks) Dear Sir, Deferred Tax Liability on Special Reserve created un

Posted in Income Tax |   20286 Views


Issue of Intimation under section 143(1) of Income tax act, 1961

   19 December 2013 at 14:36

Issue of Intimation under section 143(1) of Income tax act, 1961

Posted in Income Tax  6 comments |   54723 Views


Date of Payment of Advance Tax Extended From 15th December 2013 To 17th December 2013 of December Instalment

   14 December 2013 at 10:29

The December instalment of Advance tax is required to be paid on or before 15th December, 2013 by the tax payers who are liable to pay advance tax. These taxpayers can make payments in the designated branches of the authorized banks, electronically o

Posted in Income Tax  13 comments |   27018 Views


Standardizing the process of filing application for approval of an Electoral Trust

   11 December 2013 at 10:20

Standardizing the process of filing application for approval of an Electoral Trust

Posted in Income Tax  2 comments |   16557 Views


Direct tax collection up by 13 percent

   06 December 2013 at 10:08

Gross Direct Tax Collections During April-November of the Current Financial Year 2013-14 is up by 13.18 Percent and Stood at Rs.3,68,655 Crore as Against Rs.3,25,736 Crore in the Same Period Last Year Gross direct tax collections during April-Novembe

Posted in Income Tax  12 comments |   18474 Views



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