Income Tax News


CBDT notifies new ITR forms 3,4,5,6 and 7

   31 July 2015 at 10:59

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE[CENTRAL BOARD OF DIRECT TAXES]Income-taxNOTIFICATIONNew Delhi, the 29th day of July, 2015S.O. 207

Posted in Income Tax |   16416 Views


New initiatives in efiling and some testimonials

   30 July 2015 at 10:47

Taxpayers have appreciated the new initiative of Electronic Verification ofthe Income Tax Return through Aadhaar linkage and Net-banking and thetestimonials affirm the user-friendliness and removal of the hassle ofsending the paper copy of the ITR-V

Posted in Income Tax  1 comments |   8148 Views


Timely redressal of tax payer grievances and public service delivery

   30 July 2015 at 10:46

Government of IndiaMinistry of Finance Department of Revenue Central Board of Direct TaxesGrievance redressal is a major aspect of citizen centric governance and is an important feature of the activities of the Income Tax Department. The Central Acti

Posted in Income Tax |   7890 Views


Due date of wealth tax return extended to 31st August

   28 July 2015 at 10:17

F. No. 328/08/2015-WTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, dated the 27th July, 2015ToAll Pr. Chief Commissioners of Income TaxSubject : Extension of due date of filling Return of wealth fo

Posted in Income Tax  3 comments |   14541 Views


Cost inflation index for 2015-16 is 1081

   28 July 2015 at 10:17

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNOTIFICATIONINCOME-TAXNew Delhi, the 24th July, 2015S.O. 2031 (E)- In

Posted in Income Tax  1 comments |   10833 Views


Simplification of ITR forms and issue of Pan cards

   25 July 2015 at 17:02

The Government has simplified Income Tax Returns (ITR) Forms for individuals and HUFs not having business or professional income. In ITR Form No. 2 and 2A, the main form does not contain more than three pages and other information relevant for comput

Posted in Income Tax  3 comments |   16452 Views


Commencement of Electronic Verification of Income Tax Returns for AY 2015-16

   15 July 2015 at 10:23

To facilitate the taxpayers and to provide end-to-end e-enabled services, the Income Tax Return for A.Y. 2015-16 can now be verified electronically. A taxpayer may verify his return through Internet Banking or through Aadhar based authentication pro

Posted in Income Tax  2 comments |   13857 Views


Electronic Verification Code for efiled Income tax return

   14 July 2015 at 10:48

Electronic Verification Code for efiled Income tax return Please refer to the attached file for more details

Posted in Income Tax |   16143 Views


India and US sign agreement to promote transparency in tax matters

   10 July 2015 at 10:26

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 9th July, 2015 Sub: United States and India Sien Agreement to Share Tax Information U.S. Ambassador to India Mr. Richard Verma and Indian Revenue S

Posted in Income Tax |   10803 Views


Procedure for claiming exemption u/s 11 for remittance to Nepal

   09 July 2015 at 10:19

Standard Operating Procedure (SOP) for making application for claim of tax exemption u/s 11(1)(c) of the Income-tax Act, in respect of remittance of money/relief articles by Indian NGOs/Charitable Organisations for earthquake hit people in Nepal.Many

Posted in Income Tax |   10998 Views



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