Income Tax News


Cost Inflation Index for Financial Year 2011-12 is 785

   24 June 2011 at 09:37

NOTIFICATION NO. 35/2011 [F. NO. 142/5/2011-TPL] DATED 23-6-2011 In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following ame

Posted in Income Tax |   6960 Views


Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing ITR for AY 2011-12

   23 June 2011 at 17:03

Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing Income Tax Return for Assessment Year 2011-12 The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from

Posted in Income Tax  13 comments |   17151 Views


Exemption to Specified Person from the requirement of furnishing a return of Income for AY 2011-12

   23 June 2011 at 16:30

Exemption u/s 139(1) to Specified Person from the requirement of furnishing a return of income for Assessment year 2011-12 NOTIFICATION NO. 36/2011 [F. NO. 142/09/2011 (TPL)] DATED 23-6-2011 In exercise of the powers conferred by sub-section

Posted in Income Tax  1 comments |   9369 Views


Verification of TDS Certificate (Form 16A) by Tax payers

   21 June 2011 at 12:28

Verification of TDS Certificate (Form 16A) by Tax payers Provide following details to verify your Form 16A For detailes Click here

Posted in Income Tax  1 comments |   42792 Views


Taxpayer view for TDS/TCS credit (from F. Y. 2005-06 onwards)

   21 June 2011 at 12:28

Taxpayer view for TDS/TCS credit (from F. Y. 2005-06 onwards) For details Click here

Posted in Income Tax  1 comments |   12174 Views


Update Information in your Quarterly TDS/TCS statement to receive update on changes

   21 June 2011 at 11:11

Quote updated e-mail ID and contact details including mobile no. in your Quarterly TDS/TCS statement, to receive updates on developments/ changes at TIN

Posted in Income Tax  5 comments |   8559 Views


eTutorial - Online TAN Registration and Request for Consolidated TDS/TCS file from TIN

   16 June 2011 at 12:46

eTutorial - Online TAN Registration and Request for Consolidated TDS/TCS file from TIN

Posted in Income Tax |   11430 Views


OECD Appreciates India's Efforts In Handling Issues Relating to Tax Evasion and Blackmoney

   15 June 2011 at 13:42

India and OECD Agree to have Enhanced tax Cooperation Organisation for Economic Cooperation and Development (OECD) has appreciated the action taken by India in handling tax evasion and black money issues. During the two day high level Seminar

Posted in Income Tax |   4569 Views


NSDL Return Preparation Utility (RPU) version 2.5 for preparing quarterly regular and correction TDS/TCS statement (using only consolidated TDS/TCS file) released June 10, 2011

   11 June 2011 at 11:18

NSDL Return Preparation Utility (RPU) version 2.5 for preparing quarterly regular and correction TDS/TCS statement (using only consolidated TDS/TCS file) released June 10, 2011.

Posted in Income Tax |   36738 Views


CBDT Sets-up a Committee to Examine And Suggest Ways to Recover Income Tax

   08 June 2011 at 15:11

In order to examine certain suggestions on Income tax Demand classified under the categoriesAssessees not traceable and No assets/inadequate assets for Recovery, a Committee has been constituted by the Central Board of

Posted in Income Tax |   3732 Views