Income Tax News

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 | 8151 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 | 7896 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 | 14544 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 | 10839 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 | 16455 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 | 13863 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 | 16146 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 | 10806 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 | 11001 Views

Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets

06 July 2015 at 17:45

Circular No. 13 of 2015F. No. 142/18/2015-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated 6th of July, 2015Clarifications on Tax Compliance for Undisclosed Foreign Income and AssetsThe

Posted in Income Tax | 8334 Views