The Union Cabinet today approved the proposal for exemption of prior approval of Cabinet for disposal/auction of immovable properties acquired by the Central Government under the provisions of Chapter XX-C of the Income Tax Act 1961. Earlier a gov
The Union Cabinet today approved the proposal for setting up of the Tax Administration Reform Commission (TARC). The Commission will consist of a Chairman, two full time members and four part-time members, of which at least two part-time members w
Gross Direct Tax Collection Figures for April-July of the F.Y. 2013-14 is UP by 13.27 Percent and Stand at Rs. 1,57,169 Crore as Against Rs. 1,38,751 Crore in the same Period Last Year Gross direct tax collections during April-July of the Financia
Higher than the Returns e-Filed in the Corresponding Period During Last Year: 6.92 Lakh Returns e-Filed on 5th August, 2013 Itself The due date for filing of Income Tax Return for Individuals, HUFs and non-auditable cases for A.Y. 2013-14 was exte
Procedure and criteria for selection of scrutiny cases under compulsory manual during the financial year 2013-2014
NOTIFICATION NO. 57/2013 [F.NO.142/16/2013-TPL]/SO 2331(E) DATED 1-8-2013 In exercise of the powers conferred by section 90 and section 90A read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby
It has come to the notice of Income Tax Department that many times the tax deductors, after deducting TDS from specified payments, are deliberately not depositing the taxes so deducted in Government account and continue to deploy the funds so retain
As a measure of taxpayer convenience, Central Board of Direct Taxes (CBDT) has extended the ‘due date’ for filing Returns of Income for A.Y. 2013-14 by Individuals, HUFs and non-auditable cases from 31st July, 2013 to 5th August, 2013.
As a Measure of Taxpayers Convenience, Last Date of Filing of Returns Extended to 5th August, 2013 There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 whic
Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year; Record Peak of more than 85,000 Returns Per H
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