Income Tax News

New draft of twelve Income computation and Disclosure standards

10 January 2015 at 11:09

New Draft of Twelve Income Computation and Disclosure Standards (ICDS) has been Uploaded on the Finance Ministry and Income-Tax Department Website for Seeking Comments from Stakeholders and General Public by 8th February, 2015 Sub- se

Posted in Income Tax | 18162 Views

Action to be taken by ICAI against members signing TAR more than prescribed limit

29 December 2014 at 17:56

Attention has been drawn to certain issues raised on the certification work done by the members of the profession in the report of Comptroller and Auditor General of India (C&AG) entitled Appreciation of Third Party (Chartered Accountant)

Posted in Income Tax | 5 comments | 34218 Views

Admissions of Undisclosed Income under coercion / pressure during Search / Survey

22 December 2014 at 10:29

Admissions of Undisclosed Income under coercion/pressure during Search/Survey Detailed information has been attached herewith

Posted in Income Tax | 17535 Views

Percentage of Govt Grant for considering university, hospital as substantially financed by the Government

17 December 2014 at 10:19

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SEC. 3, SUBSECTION(ii)]MINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONINCOME-TAXNew Delhi, the 12th December, 2014 S.O. 3168 (E). In exercis

Posted in Income Tax | 13872 Views

Income-tax deduction from salaries during the FY 2014-15

12 December 2014 at 09:47

CIRCULAR NO : 17/2014F.No. 275/192/2014-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated 10th December, 2014 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR

Posted in Income Tax | 34881 Views

Changes in forms for advance ruling

03 December 2014 at 11:16

[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]NOTIFICATIONIncome-taxNew Delhi, the 28th day of November, 2014 S.O

Posted in Income Tax | 12297 Views

Acquisition/Transfer of Immovable property Payment of taxes

21 November 2014 at 11:31

RBI/2014-15/307A.P. (DIR Series) Circular No. 38 ToAll Category I Authorised Dealer BanksMadam/ Sir,Acquisition/Transfer of Immovable property Payment of taxes Attention of Authorised Dealers in Foreign Exchange is invited to Foreign

Posted in Income Tax | 1 comments | 18894 Views

Approval of long term bonds and rate of interest for the purpose of Section 194LC of the Income-tax Act, 1961

19 November 2014 at 11:53

CIRCULARNO.-15/2014F.No.133/50/2014-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)---------New Delhi, the 17th October, 2014Sub: Approval of long term bonds and rate of interest for the purpose of Sectio

Posted in Income Tax | 1 comments | 16551 Views

Bank Deposit limit in 80C increased to 1.5 lac

17 November 2014 at 11:01

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,PARTII, SECTION 3, SUB‐SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF DIRECT TAXES)NotificationNew Delhi, the 13th November, 2014.(INCOME‐TAX)S.

Posted in Income Tax | 10 comments | 35652 Views