Income Tax News


FM states tax collection have trebled from 2004-05

   17 June 2010 at 10:32

FM asks Income tax Officials to ensure Stoppage of tax evasion so that money collected could be used for betterment of the underprivileged and development of Society FM States that tax Collection have trebled from Rs.132771 Crore in 2004-5 to Rs.

Posted in Income Tax |   3915 Views


CBDT releases revised discussion paper on the Draft Direct Taxes Code

   16 June 2010 at 10:44

CBDT releases revised discussion paper on the Draft Direct Taxes CodeThe draft DTC along with the Discussion Paper was released in August, 2009 for public comments. The response from various stakeholders has been overwhelming and a number of valuabl

Posted in Income Tax  2 comments |   10434 Views


Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

   12 June 2010 at 10:54

Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

Posted in Income Tax  17 comments |   20412 Views


E-filing for ITR 1- SARAL II, ITR-2 , ITR-3 and ITR-4 has commenced

   10 June 2010 at 12:06

E-filing for ITR 1- SARAL II, ITR-2 , ITR-3 and ITR-4 has commenced. Please E-file your AY 2010-11 returns now

Posted in Income Tax  8 comments |   29028 Views


Income Tax Welfare Fund With a Corpus of Rs.100 Crore Operationalised After 12 Years

   09 June 2010 at 14:49

Income Tax Welfare Fund With a Corpus of Rs.100 Crore Operationalised After 12 YearsFinance Minister, Shri Pran

Posted in Income Tax  2 comments |   6993 Views


IT Department to Set up Special Counters to Facilitate Taxpayers to Receive IT Returns

   03 June 2010 at 13:36

I-T Department to Set up Special Counters to Facilitate Taxpayers to Receive I-T Returns on 31st July (Saturday) also

Posted in Income Tax  1 comments |   8955 Views


TDS rules amended to notify new dates of return,mode of payment, issue of TDS certificate and replace the UTN

   03 June 2010 at 11:53

CBDT on amended TDS Rules- New Changes in TDS Rules No.402/92/2006-MC (27 of 2010) Government of India / Minist

Posted in Income Tax  17 comments |   37686 Views


Finance Minister dedicates the centralized processing center (CPC) of the Income Tax Department, Bengaluru to the Nation

   31 May 2010 at 13:21

Finance Minister dedicates the centralized processing center (CPC) of the Income Tax Department, Bengaluru to the Nation

Posted in Income Tax  1 comments |   8190 Views


Industrial Park Scheme Eligible for Deduction Under Section 80IA of IT ACT Extended to 31st March 2011

   24 May 2010 at 16:38

Industrial Park Scheme Eligible for Deduction Under Section 80IA of I-T ACT Extended to 31st March 2011

Posted in Income Tax |   6450 Views


Construction of Additional Lanes in Highway Project to get Deduction Under Section 80ia of Income Tax Act

   20 May 2010 at 17:36

Construction of Additional Lanes in Highway Project to get Deduction Under Section 80ia of Income Tax Act

Posted in Income Tax |   6741 Views



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