Income Tax News
Clarification Regarding Reopening of Completed Assessments on Accounts of Clarificatory Amendments Introduced by Finance Act, 2012
01 June 2012 at 11:37The Finance Act, 2012 has introduced certain clarificatory amendments in section 2 clause (14), Section 2 clause (47), Section 9 and Section 195, of the Income Tax Act, 1961 ("Act"), with retrospective effect from 01.04.1962 or 01.04.197
Pranab Mukherjee Issues clarification on Retrospective Amendment and Transfer Pricing
30 May 2012 at 15:43Statement of Union Finance Minister, Shri Pranab Mukherjee Regarding Issues of Retrospective Amendment and Transfer Pricing On the issue of retrospective amendment, Union Finance Minister, Shri Pranab Mukherjee has said that he had given a commi
Biggest IT dept in India to be inaugurated by FM today
30 May 2012 at 10:33Union Finance Minister, Shri Pranab Mukherjee will inaugurate the biggest office building of the Income tax Department in India tomorrow. The building will house the offices of salary charges, non-corporate charges, International Taxation, Exempti
Income-tax (6th Amendment) Rules, 2012 -Insertion of Rule 10AB
28 May 2012 at 11:36NOTIFICATION NO. 18/2012 [F. NO. 142/5/2012-TPL] DATED 23-5-2012 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend t
Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011
24 May 2012 at 12:18CIRCULAR NO. 02/2012 [F. NO.142/01/2012-SO(TPL)], DATED 22-5-2012 Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011 Amendments at a Glance Section/Schedule Particulars/Paragraph number
Results Framework Document (RFD) for the financial year 2012-13
24 May 2012 at 12:16The Income Tax Department, Results Framework Document (RFD) for the financial year 2012-13 duly approved by the Finance Minister.
Upgraded Official Email System of the Income Tax Department
24 May 2012 at 12:16Upgraded Official Email System of the Income Tax Department
Increase in Number of Tax Payers
16 May 2012 at 12:47The number of effective income tax assesses as well as the number of registered Central Excise and Service Tax assesses during the years 2006-07 to 2010-11 are as under: Financial Year Income Tax Assesses
Suggestions of ICAI relating to Direct Taxes considered in the amendments to Finance Bill, 2012 as passed in Lok Sabha
14 May 2012 at 16:24Suggestions of ICAI relating to Direct Taxes considered in the amendments to Finance Bill, 2012 as passed in Lok Sabha
Post Office (Monthly Income Account) and Recurring Deposit Amendment Rules, 2012
14 May 2012 at 11:51POST OFFICE (MONTHLY INCOME ACCOUNT) AMENDMENT RULES, 2012 - AMENDMENT IN RULE 8 NOTIFICATION NO.GSR 322(E) DATED 25-4-2012 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central
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