Income Tax News
FM to table Eco Survey, Finance Comm report today
25 February 2010 at 11:30FM to table Eco Survey, Finance Comm report todayA day before unveiling the budget, Finance Min Pranab Mukherjee will table the Economic Survey in Parliament on Thursday which will take stock of the economy and also the impact of stimulus on industry
Budget Expectations for a Rebounding Economy - challenges ahead
24 February 2010 at 10:42Budget Expectations for a Rebounding Economy - challenges aheadS. Sethuraman**There is a ground-swell of expect
RBI releases Study on State Finances 2009-10
22 February 2010 at 18:02RBI releases Study on State Finances 2009-10The Reserve Bank of India (RBI) today released "State Finances: A Study of Budgets of 2009-10", a publication that provides data, analysis and assessment of finances of State governments.The State governmen
Budget session of Parliament from Monday
22 February 2010 at 12:09Budget session of Parliament from Monday The Budget session of Parliament beginning Monday is expected to be a
Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD and matter reg
10 February 2010 at 16:38Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD – mat
IT Chief Commissioners discuss strategies for achieving revenue collection target
05 February 2010 at 11:12IT Chief Commissioners discuss strategies for achieving revenue collection targetThe Central Board of Direct Taxes (CBDT) convened a meeting of all cadre-Controlling Chief Commissioners of Income Tax here today to discuss strategies for achieving the
Adjustment of Advance FBT with Advance Tax for AY 2010-11
29 January 2010 at 14:36Adjustment of Advance FBT with Advance Tax for AY 2010-11The Central Board of Direct Taxes have decided that any instalment of advance tax paid in respect of fringe benefits for assessment year (AY) 2010-11 shall be treated as advance income tax paid
CBDT to cross-verify all high value refunds this fiscal
28 January 2010 at 11:35CBDT to cross-verify all high value refunds this fiscal BANK ACCOUNTS, BENEFICIARIES AND SOME SCAMSTERS INVOLVED IN IT REFUND FRAUD IN MUMBAI IDENTIFIEDThe Central Board of Direct Taxes (CBDT) has stated that an officer in the Income Tax department,
Date for filing ITR-V form extended
28 January 2010 at 11:24Date for filing ITR-V form extendedCentral Board of Direct Taxes has decided to extend the time limit for filing ITR-V form relating to income-tax returns filed electronically (without digital signature) on or after 1st April 2009, up to 31st March 2
TDS at a higher rate on all transactions not having PAN -PROVISION TO COME INTO EFFECT FROM 1ST APRIL 2010
21 January 2010 at 12:41TDS at a higher rate on all transactions not having PAN PROVISION TO COME INTO EFFECT FROM 1ST APRIL 2010A new provision relating to tax deduction at source (TDS) under the Income Tax Act 1961 will become applicable with effect from 1st April 2010. T
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