Income Tax News

Amendment in MAT provisions for foreign company

26 September 2015 at 11:21

Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Resident of a Country Having DTAA with India and Such F

Posted in Income Tax | 10692 Views

Applicability of MAT on foreign companies having no PE in India

25 September 2015 at 10:53

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Sub: Applicability of Minimum Alternate Tax (MAT) on foreign companies having no PE in India- regarding- Issues relating to taxation of foreign companies, havin

Posted in Income Tax | 1 comments | 9063 Views

ICAI president meets finance minister reg extension of due date

23 September 2015 at 10:54

CA. Manoj Fadnis, President, ICAI, CA. Anuj Goyal, Chairman, Professional Development Committee, along with Chairman, Direct Taxes Committee , Vice-Chairman, Direct Taxes Committee , Vice Chairman, Committee on International Taxation, met and represe

Posted in Income Tax | 18 comments | 24132 Views

Last date for filing declaration under compliance window of the Black Money Act

22 September 2015 at 10:28

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 21st September, 2015 Sub: Last date for filing declaration under compliance window of the Black Money Act � regarding. The Blac

Posted in Income Tax | 2 comments | 14688 Views

Govt promotes 153 officers to rank of commissioners of income tax

17 September 2015 at 11:35

Government Approves Promotion of 153 IRS Officers of 1992, 1993 & 1994 Batches to the Rank of Commissioners of Income Tax;This Would Help in Addressing the Backlog of Taxpayers’ Appeals and Offer better Services to the Taxpayers in the Fiel

Posted in Income Tax | 11598 Views

Income tax dept receives 2.06 crore returns on e-filing portal till Sep 7

10 September 2015 at 18:56

In the Financial Year (F.Y.) 2015-16, Department of Income Tax Receives 2.06 Crore Returns on the E-Filing Portal as on 07.09.2015 Registering an Increase of 26.12% over the Corresponding Period of the Preceding F.Y. 2014-15; 32.95 Lakh E-Returns Ver

Posted in Income Tax | 2 comments | 15729 Views

27 Queries relating to tax compliance provision under black money act

04 September 2015 at 10:21

CBDT Issues a Circular Clarifying Another Set of 27 Queries Relating to Tax Compliance Provision Under Chapter VI of the Black Money Act The Central Board of Direct Taxes (CBDT) has considered the queries received from the public about the tax compl

Posted in Income Tax | 1 comments | 13173 Views

CBDTs instruction on Minimum alternate tax

04 September 2015 at 10:21

Following the Acceptance of the Recommendation of the Justice A.P.Shah Committee by the Government, CBDT Advises its Field Authorities to keep in Abeyance, for the Time being, the Pending Assessment Proceedings in Cases of FIIS/FPIS Involving the App

Posted in Income Tax | 1 comments | 14568 Views

Due date for filing ITR extended till 7th sep for all taxpayers

02 September 2015 at 19:59

F.No.225/154/2015/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth-Block,ITA.II DivisionNew Delhi, the. 2nd September, 2015Order under Section 119 of the Income-tax Act. 1961For Assessment Year 2015-

Posted in Income Tax | 3 comments | 17502 Views