Income Tax News

Committee formed to examine MAT on FIIs

21 May 2015 at 10:30

High Level Committee (HLC) Headed by Justice A.P. Shah on Direct Tax Matters Constituted; Committee to Examine the Matter Relating to Levy of MAT on FIIS for the Period Prior to 01.04.2015 among others; Committee Requested to give its recommendations

Posted in Income Tax | 8046 Views

Gross tax collection stands at 12.45 lac crore

18 May 2015 at 10:27

Government betters its own Financial Targets During 2014-15; Fiscal Deficit for the Financial Year 2014-15 stands at 4.0 % as against the Target of 4.1 % while Revenue Deficit for FY 2014-15 stands at 2.8% as Against Target of 2.9% ;Gross Tax Collect

Posted in Income Tax | 1 comments | 9003 Views

Direct taxes worth Rs 6.95 lac crore collected during 2014-15

13 May 2015 at 10:32

Direct Taxes worth Rs. 6,95,988 Collected Druing 2014-15; Direct Taxes Contribute more than 56% to total Central Taxes During 2013-14 and 2014-15 The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:

Posted in Income Tax | 2 comments | 10380 Views

Income tax related public grievances

13 May 2015 at 10:32

The Citizen’s Charter 2014 of Income Tax Department includes ‘Redressal of grievances’ within the specified timeline of 60 days, as one of the key taxpayer services provided by the Department. Redressal of grievances has been includ

Posted in Income Tax | 3 comments | 9141 Views

Officers advised not to take coercive action against FII for recovery of MAT

12 May 2015 at 10:25

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to

Posted in Income Tax | 1 comments | 7704 Views

FM statement for MAT on FIIS

09 May 2015 at 11:35

Text of the Statement made by the Finance Minister in Rajya Sabha yesterday relating to MAT on FIIS A matter which has attracted considerable debate in the public space in recent weeks is the levy of Minimum Alternate Tax (MAT) on Foreign Institution

Posted in Income Tax | 8673 Views

IT dept receives PM award for excellence in public administration

22 April 2015 at 10:35

Income Tax Department Awarded the Prime Ministers Award for Excellence in Public Administration for Easy Tax Compliance Through Quality Service The Income Tax Department has been awarded the Prime Ministers Award f

Posted in Income Tax | 3 comments | 11286 Views

CBDT notifies ITR for AY 2015-16

17 April 2015 at 13:51

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 15th day of April, 2015 Income-ta

Posted in Income Tax | 1 comments | 21915 Views

IT dept lists defaulters of Taxes

16 April 2015 at 10:29

IT dept lists defaulters of Taxes Please refer to the attached file for details

Posted in Income Tax | 20358 Views

Indirect tax collection exceeds by 4000 crore in 2014-15

03 April 2015 at 10:41

Indirect Taxes Collections for the Financial Year (FY) 2014-15 Exceeds the Revised Estimates (RE) Target by Rs. 4,000 Crore; Total Collections as on 31.03.2015 Is Rs.5,46,479 Crore (Based on Provisional Report) as Against the RE Target of Rs.5,42 ,32

Posted in Income Tax | 7 comments | 17100 Views