Income Tax News


Digital Signature Certificate made mandatory w.e.f 1st July 2011 for Firms and Individuals

   13 July 2011 at 10:25

Digital Signature Certificate made mandatory w.e.f 1st July 2011 for Firms and Individuals whose accounts are required to be audited u/s 44 AB of the Income Tax Act' 1961. Click here to download notification no. S.O. 1497(E) dated 1st July 201

Posted in Income Tax  1 comments |   19284 Views


Check your tax credits in 26AS statement before filing IT return for faster processing and quick refunds

   08 July 2011 at 17:02

Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains Details of tax deducted on behalf of the taxpayer by deductors Details of tax collected on

Posted in Income Tax  3 comments |   75003 Views


Gross Direct Tax Collections during the First Quarter of Current Fiscal (April-June, 2011)

   08 July 2011 at 10:13

Gross Direct Tax Collections during the First Quarter of Current Fiscal (April-June,2011) up by 23.91 percent ; Rise to Rs.1,04,136 Crore as against Rs 84,041 Crore during the Same Period in Last Fiscal Gross direct tax collections during the fi

Posted in Income Tax |   3555 Views


Firm or individual/HUF required to file ITR-5 or ITR-4 electronically using digital signature covered under section 44AB

   02 July 2011 at 11:00

Income-tax (Sixth Amendment) Rules, 2011- Amendment in Rule 12 NOTIFICATION NO. 37/2011 [F. NO. 149/68/2011-SO (TPL)] DATED 1-7-2011 In exercise of the powers conferred by section 295, read with section 139 of the Income-tax Act, 1961 (43 of

Posted in Income Tax  8 comments |   15372 Views


Constitution of New Dispute Resolution Panel (DRP) at Delhi in Partial Modification of Order No 4/FT&TR/2011

   28 June 2011 at 16:23

Constitution of New Dispute Resolution Panel (DRP) at Delhi in Partial Modification of Order No 4/FT&TR/2011, Dated 23-5-2011 u/s 144C of the IT Act, 1961 ORDER NO. 5/FT&TR/2011 [F.NO. 500/15/2011-FTD-1] DATED 27-6-2011 In parti

Posted in Income Tax |   5565 Views


Tender for CPC (TDS)

   28 June 2011 at 15:16

Income Tax Department invites response to the RFP floated for selection of MSP for setting up, operating and maintenance of CPC (TDS) for processing of TDS statements. Overview of scope of work for Managed Service Provider (MSP) The following o

Posted in Income Tax |   22527 Views


Corporates and banks mandated to issue Form 16A downloaded from TIN central system

   28 June 2011 at 11:42

GOVERNMENT OF INDIA INCOME TAX DEPARTMENT, MINISTRY OF FINANCE Form 16A Deductee Taxpayer It is mandatory* for corporates and banks to issue TDS certificate in Form 16A as generated from Tax Information Network of Income Tax

Posted in Income Tax |   126189 Views


India Signs Protocol Amending DTAA with Singapore; to help in Effective Exchange of Information in Tax Matters

   24 June 2011 at 17:59

The Government of India signed a Protocol, amending Double Taxation Avoidance Agreement (DTAA) with Government of Singapore for effective exchange of information in tax matters today. The Protocol was signed by Shri Prakash Chandra, Chairman, Cent

Posted in Income Tax |   7101 Views


Laws to curb generation of black-money, its illegal transfer abroad and recovery

   24 June 2011 at 10:21

OFFICE MEMORANDUM [NO. 291/15/2011-IT (INV.I)] DATED 27-5-2011 It has been decided with the approval of competent authority to constitute a Committee to examine ways to strengthen laws to curb the generation of black-money in India, its ille

Posted in Income Tax |   5139 Views


eTutorial - Form 16A

   24 June 2011 at 10:18

eTutorial - Form 16A

Posted in Income Tax  1 comments |   15171 Views



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