Income Tax News


Hon'ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit

   23 November 2012 at 11:31

Hon’ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit. "I am greatly impressed by what has been created and put in place at the CPC. The CPC represents a technological leap for the I.T. Department. U

Posted in Income Tax |   8514 Views


Technical Panel to Firm up Views on Major IT Cases

   23 November 2012 at 11:31

With a view to provide clarity on contentious legal issues, promote consistency of approach on a given issue and reduce litigation, the following institutional mechanism to formulate ‘Departmental View’ on contentious legal issues has

Posted in Income Tax |   4686 Views


National Judicial Reference System

   23 November 2012 at 11:29

A workshop on the proposed "National Judicial Reference System” will be held on 23rd Nov 2012, 10:30AM in the office of the Directorate of Income Tax (Legal & Research) at 15th Floor Hindustan Times Building, Kasturba Gandhi Marg, N

Posted in Income Tax |   5994 Views


Direct Tax Collections of Rs.2,65,417 Crore made till 15th November, 2012 during the Current Financial Year 2012-13

   23 November 2012 at 11:00

Direct Tax Collections of Rs.2,65,417 crore have been made till 15th November,2012 during the current Financial Year 2012-13. It is expected that the total Direct Tax Collections for F.Y. 2012-13 will exceed the collection for F.Y. 2011-12. The

Posted in Income Tax |   5922 Views


Reduction in Fiscal Deficit by increased Tax Collection

   23 November 2012 at 10:37

The following steps are being taken by the Ministry to mobilize resources to increase tax collection in order to reduce fiscal deficit:- (A) Direct Taxes: (i) Monitoring of Advance Tax payment especially by top tax

Posted in Income Tax |   4803 Views


Gross Direct Tax Collections up by 6.59 Percent During April-October 2012-13 and Stood at Rs. 3,02,810 Crore as against Rs. 2,84,081 Crore in the Same Period Last Year

   08 November 2012 at 13:50

Gross direct tax collections during April-October of the Financial Year 2012-13 was up by 6.59 percent and stood at Rs. 3,02,810 crore as against Rs. 2,84,081 crore in the same period last year. Net direct tax collections was up by 14.63 percent a

Posted in Income Tax  4 comments |   9024 Views


New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live

   03 November 2012 at 17:21

New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live, E-Filing Services to the Tax Payers through the Existing Portal will not be available from 3rd November to 8th November, 2012.

Posted in Income Tax  7 comments |   16089 Views


Shut down of e-filing portal from 3rd November to 8th November

   02 November 2012 at 15:45

The current e-filing website is being revamped to a new e-filing website with additional services. The current web services will remain closed with effect from 3rd November to 8th November, 2012. The web services will resume from 9th November, 201

Posted in Income Tax  6 comments |   16524 Views


Extension of time limit for filing of ITR-V forms for A.Y. 2010-11 and A.Y. 2011-12 upto 31-12-2012

   02 November 2012 at 14:48

Extension of time limit for filing of ITR-V forms for A.Y. 2010-11 and A.Y. 2011-12 upto 31-12-2012

Posted in Income Tax  4 comments |   16083 Views


E-filing portal to be revamped

   31 October 2012 at 12:53

The e-Filing Portal is migrating to a revamped new portal in next few days and the existing website services are likely to be closed for few days.

Posted in Income Tax  3 comments |   14730 Views



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