Income Tax News


Critical areas on DTC for detailed examination identified

   10 October 2009 at 10:36

Critical areas on DTC for detailed examination identified: FMFinance Minister has announced that the Government has identified seven critical areas on the Direct Taxes Code for further detailed examination. At an interactive session with representati

Posted in Income Tax |   3 comments |   16908 Views


Taxpayers cautioned not to respond to bogus mails

   07 October 2009 at 11:04

No mails for refunds issued from income tax departmentInformation has been received from several quarters that people are receiving electronic mails informing them of their income-tax refunds and seeking their credit card details. The e-mail is sent

Posted in Income Tax |   2 comments |   8460 Views


Direct tax collections increase 3.69 % in first half of fisc

   06 October 2009 at 17:58

Direct tax collections increase 3.69 % in first half of fiscalNet direct tax collections during first six months of the present fiscal (up to September 2009) stood at Rs.1,52,625 crore, up from Rs.1,47,197 crore in the same period last fiscal, regist

Posted in Income Tax |   1950 Views


HIGHLIGHTS OF e- FILING SEASON AY 09-10 ( up to 30/09/2009)

   03 October 2009 at 11:10

HIGHLIGHTS OF e- FILING SEASON AY 09-10 ( up to 30/09/2009) (1) COMPARATIVE PROGRESS OF e-FILING OF RETURNS Form Type RETURNS RECD.

Posted in Income Tax |   8 comments |   17547 Views


Request to consider extension of due date of filing return

   30 September 2009 at 16:46

Request to consider extension of due date of filing return i.e. September 30, 2009 on account of closure of banks on September 30, 2009 and consequent difficulty in remitting taxesThe ICAI has submitted a representation on September 30, 2009 to the C

Posted in Income Tax |   1 comments |   10569 Views


Gift in Kind above value of 50000 to become taxable from 1st Oct

   30 September 2009 at 16:38

GIFTS OF PROPERTY (GIFTS-IN-KIND) ABOVE VALUE OF RS. 50,000 TO BECOME TAXABLE FROM 1ST OCTOBER 2009 The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or

Posted in Income Tax |   9 comments |   19122 Views


Due date of filing of IT return extended in 3 district

   29 September 2009 at 12:13

CBDT extends date of filing IT return filing from Sep 30, 2009 to Oct 31, 2009 for Pune, Sangli and Kolhapur No.402/92/2006-MC (20 of 2009) Government of India / Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes*** New Delhi dated

Posted in Income Tax |   7 comments |   25254 Views


ICAI requests CBDT to extend the due date for filing return of income

   23 September 2009 at 16:45

REPRESENTATION MADE FOR EXTENSION OF DUE DATE FOR FILING THE RETURN OF INCOMEDue to the fact that most of the establishments are virtually closed on account of festivals of Durga Pooja, Navratra’s and Dussehra, representations were received fro

Posted in Income Tax |   35 comments |   31908 Views


FVU for Quarterly e-TDS/TCS with new validations released

   23 September 2009 at 12:31

A. Procedure for preparation of returnDeductors' Manual for quarterly returnsDos and Don’ts for Deductors/CollectorsB. Forms Form 24Q Form 26Q Form 27Q Form 27EQ Form 27A C. The data structure1. New structure w.e.f October 01, 2009 File

Posted in Income Tax |   1 comments |   19041 Views


Cost Inflation Index for F.Y. 2009-10

   10 September 2009 at 10:20

Cost Inflation Index for F.Y. 2009-10Notification No. 67/2009Dated 9-9-2009In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following

Posted in Income Tax |   15 comments |   17976 Views



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