Income Tax News


Improving The Process of E-Filing of Documents

   08 December 2015 at 16:59

Ministry of Corporate Affairs provides End to End e-Governance Services on its MCA 21 portal, which may occasionally have software and hardware related issues at either end. To address any difficulty, stakeholders may contact the Corporate Seva Kendr

Posted in Income Tax |   10833 Views


Refund pending below Rs 50000 to be expedited

   07 December 2015 at 16:30

Central Board of Direct Taxes (CBDT) issues directions for expediting pending refunds below Rs. 50,000/ for Assessment Year(s) 2013-14 and 2014-15 in all cases except those selected for scrutiny The Income-tax Department is committed to improving ta

Posted in Income Tax  5 comments |   16761 Views


Extension of tax compliance dates in Tamil Nadu

   07 December 2015 at 12:33

For all Central Excise and Service Tax assessees in the State of Tamil Nadu, the date for payment of Central Excise duty and Service Tax for November 2015 is extended to 20th December 2015 while date of filing of the Central Excise return for Novembe

Posted in Income Tax |   11043 Views


IT deduction from salaries during FY 2015-16

   04 December 2015 at 10:23

CIRCULAR NO : 20/2015F.No. 275/192/2015-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes******North Block, New DelhiDated the 2nd December, 2015SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THEFINANCI

Posted in Income Tax  3 comments |   29031 Views


Shri A.K Jain appointed as new chairman of CBDT

   01 December 2015 at 12:23

Shri A.K. Jain, Member, CBDT to discharge the duties and responsibilities of the post of Chairperson, CBDT in addition to his own duties; Ms. Anita Kapur, Chairperson, CBDT who is superannuating today, is appointed as Adviser on Tax Reforms for a per

Posted in Income Tax |   16077 Views


Phasing out plans of deductions under the income tax act

   27 November 2015 at 11:54

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 26th November, 2015Subject: Finance Minister�s Budget announcement- phasing out plan of deductions under the Income-tax Act- Extension of time li

Posted in Income Tax |   9774 Views


Govt plan to reduce corporate tax to 25%

   23 November 2015 at 11:42

Government Calls for Comments on Proposed Plan of Phasing-Out Exemptions and Deductions under the Income-Tax Act in Order to Bring Down Rate of Corporate Tax from 30% to 25% The Union Finance Minister Shri Arun Jaitley in his Budget Speech 2015 had i

Posted in Income Tax  2 comments |   13230 Views


Draft interpretation on uncertainty over income tax treatments

   09 November 2015 at 11:11

Draft Interpretation published by the IFRS Interpretations Committee for comment only. Comments on the Draft Interpretation need to be received by December 21, 2015. The International Accounting Standards Board�s IFRS Interpretations Committee

Posted in Income Tax |   7863 Views


Taxation of income from off-shore Rupee Denominated Bonds

   30 October 2015 at 10:36

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPRESS RELEASENew Delhi, 29th October, 2015Subject: Taxation of income from off-shore Rupee DenominatedBonds-reg.The Reserve Bank of India has recently permitted I

Posted in Income Tax  1 comments |   6558 Views


Two CAs in committee to simplify income tax act setup by govt

   28 October 2015 at 10:38

The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition:(i) Justice R.V.Easwar, (Retd.), former Judge, Delhi High Court and former President, ITAT- Chairma

Posted in Income Tax  13 comments |   13950 Views



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