Income Tax News

Gross Direct Tax Collections up by 37.34 per cent while Net Direct Tax Collections Decline by 47.93 per cent during First Two Months of Current Financial Year (2011-12)

06 June 2011 at 18:10

Gross Direct Tax Collections up by 37.34 per cent while Net Direct Tax Collections Decline by 47.93 per cent during First Two Months of Current Financial Year (2011-12) Gross direct tax collections during the first two months of the current fina

Posted in Income Tax | 3210 Views

Prakash Chandra takes over as Chairman CBDT

01 June 2011 at 10:09

Prakash Chandra takes over as Chairman CBDT Shri Prakash Chandra, an IRS (IT) Officer of the 1973 batch, took over as Chairman of Central Board of Direct Taxes (CBDT) today afternoon. He will also continue to look after the work relating to Pers

Posted in Income Tax | 1 comments | 11607 Views

Committee constituted under chairman, CBDT to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery

30 May 2011 at 15:51

Committee constituted under chairman, CBDT to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery The Government has constituted a Committee under the Chairmanship

Posted in Income Tax | 1 comments | 3363 Views

New Directorate of Income Tax (Criminal Investigation) Created

30 May 2011 at 15:50

New Directorate of Income Tax (Criminal Investigation) Created; to be Headed by an Officer of the Rank of Chief Commissioner of Income Tax; to Look into Criminal Matters Having any Financial Impliaction Punishable as an Offence Under any Direct Ta

Posted in Income Tax | 9480 Views

Double Taxation Avoidance Agreement with Ethiopia

30 May 2011 at 15:32

No.402/92/2006-MC (09 of 2011) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi dated the 27th May, 2011 The Government of the Republic of India signed a Double Taxation Avoidance Agreem

Posted in Income Tax | 1 comments | 8388 Views

Income-tax (Fifth Amendment) Rules, 2011 - Amendment in rule 114B

27 May 2011 at 17:12

Income-tax (Fifth Amendment) Rules, 2011 - Amendment in rule 114B NOTIFICATION NO. 27/2011 [F. NO. 149/122/2010-SO(TPL)] DATED 26-5-2011 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central

Posted in Income Tax | 2 comments | 23325 Views

India and Ethiopia Sign Double Taxation Avoidance Agreement

27 May 2011 at 16:26

India and Ethiopia Sign Double Taxation Avoidance Agreement India signed a Double Taxation Avoidance Agreement (DTAA) with the Federal Democratic Republic of Ethiopia for the avoidance of double taxation and for the prevention of fiscal evasion

Posted in Income Tax | 1 comments | 6564 Views

Transparency in Survey operations

27 May 2011 at 16:10

From the desk of Chairman,CBDT Transparency in Survey operations For bringing transparency in survey operations and obviate the possibility of any grievance to the taxpayers, it is decided that henceforth: I. Survey t

Posted in Income Tax | 5205 Views

Instructions regarding Standard Operating Procedure on filing of appeals to High Court under section 260A and related matters

26 May 2011 at 12:20

Instructions regarding Standard Operating Procedure on filing of appeals to High Court under section 260A and related matters INSTRUCTION NO. 7 /2011 [F.NO. 279/MISC./M-42/2011-ITJ] DATED 24-5-2011 The Government has formulated the Nationa

Posted in Income Tax | 2 comments | 10386 Views

Amended DTAAs to help in dealing with black money: Pranab

25 May 2011 at 13:03

Amended DTAAs to help in dealing with black money: Pranab Finance Minister Pranab Mukherjee on Tuesday exuded confidence that modified tax avoidance agreements with various countries and pacts with tax havens will help in dealing with the menace

Posted in Income Tax | 4617 Views