Income Tax News

Income-tax (Fourth Amendment) Rules, 2011

08 April 2011 at 11:42

NOTIFICATION NO. 19/2011 [F.NO. 142/3/2011-TPL]/S.O. 694(E) DATED 5-4-2011 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

Posted in Income Tax | 1 comments | 22023 Views

Explanatory notes to the provisions of the Finance Act, 2010

07 April 2011 at 11:29

Explanatory notes to the provisions of the Finance Act, 2010

Posted in Income Tax | 1 comments | 14070 Views

Details of AY10-11 paper refund entered but not processed

07 April 2011 at 11:29

From the desk of Chairman,CBDT Issue of all refunds by April 10 2011 CIT wise details of AY10-11 paper refund Returns entered into the system but not processed is given herein below. These lists, however, do not give the true and complete pict

Posted in Income Tax | 2 comments | 12648 Views

CBDT's commitment to clear all refunds by March 31 2011 has been breached

07 April 2011 at 11:29

From the desk of Chairman,CBDTCBDT’s commitment to clear all refunds by March 31 2011 has been breached It is a matter of great anguish, desperation & dejection that despite repeated requests, reminders & alerts from the CBDT, we have

Posted in Income Tax | 8 comments | 7560 Views

Income-tax (Second Amendment) Rules, 2011 - Substitution of rule 28AA and Form No. 13 in Appendix II and amendment in rule 31A

01 April 2011 at 12:21

Income-tax (Second Amendment) Rules, 2011 - Substitution of rule 28AA and Form No. 13 in Appendix II and amendment in rule 31A NOTIFICATION NO. 16/2011 [F.NO. 133/11/2011-SO(TDL)/S.O. NO. 647(E) DATED 29-3-2011 S.O. 647 (E).� In exercise of

Posted in Income Tax | 21513 Views

Tax Exemption under section for the ICC Cricket World Cup 2011

01 April 2011 at 12:12

Tax Exemption under section for the ICC Cricket World Cup 2011 The Union Cabinet today approved the proposal of Ministry of Finance for exempting ICC Cricket World Cup 2011 from income tax under section 10(39) of the Income Tax Act 1961 in respe

Posted in Income Tax | 6081 Views

Facility of Income Tax Payment Through ATMs by Union Bank of India Launched

01 April 2011 at 12:12

Facility of Income Tax Payment Through ATMS by Union Bank of India Launched The Minister of State for Finance Shri Namo Narain Meena launched facility of Income Tax payment through ATMs by Union Bank of India here today. Senior officials from Minist

Posted in Income Tax | 3783 Views

Direct Tax - Suggestions of ICAI Accepted in the Finance Bill, 2011

25 March 2011 at 11:46

Direct Tax - Suggestions of ICAI Accepted in the Finance Bill, 2011

Posted in Income Tax | 3 comments | 11553 Views

I-T Dept issues Rs 616.53 cr tax notice to Mahindra Satyam

22 March 2011 at 18:11

I-T Dept issues Rs 616.53 cr tax notice to Mahindra Satyam The Income Tax Dept has issued a notice to Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd, to pay Rs 616.53 crore in taxes, the company said in a stock exchange

Posted in Income Tax | 5004 Views

CBDT chief for quick payment of IT refunds

22 March 2011 at 11:31

CBDT chief for quick payment of IT refunds Issuance of about 15 lakh income tax refunds to taxpayers across the country has become a bone of contention between the I-T department and CBDT, with the Board chairman issuing instructions that failur

Posted in Income Tax | 2 comments | 7536 Views