Income Tax News


Special Measures to Facilitate Collection of Tax Receipts by the Banks on 29th, 30th and 31st March, 2013

   23 March 2013 at 14:04

Keeping in view that 29th and 31st March, 2013 are notified Gazetted holidays and 30th March, 2013 is falling on a Saturday and the likely rush of tax payers towards the end of march, 2013, which could have inconvenienced the tax payers in deposit

Posted in Income Tax  2 comments |   12156 Views


Drive Against Fake Pan Cards

   16 March 2013 at 12:41

The Government has launched drive against fake Permanent Account Number (PAN) cards. As a continuous process, in order to know the genuineness of Know Your Customer (KYC) documents on Proof of Identity (POI) and Proof of Address (POA), third party

Posted in Income Tax  5 comments |   26463 Views


Seizure of Illegal Assets under the Income-tax Act, 1961

   16 March 2013 at 12:39

Seizure of Illegal Assets In the searches conducted by the Income Tax Department during F.Ys 2009-10, 2010-11, 2011-12 and 2012-13 (up to December, 2012), unexplained assets of about Rs. 963.50 crore, Rs.774.98 crore, Rs. 905.60 crore and Rs.453

Posted in Income Tax  1 comments |   11553 Views


New ITR Filing Procedure

   15 March 2013 at 16:55

The Government proposes to introduce new procedures/forms for filling Income Tax returns. Every year government notifies forms for filing of income-tax returns after incorporating the changes brought out by the Finance Act of the previous year and

Posted in Income Tax  5 comments |   37380 Views


Filing of IT returns by tax payers for a.y. 2012-13 on 30th & 31st march

   15 March 2013 at 10:47

SECTION 119 OF THE INCOME TAX ACT, 1961 INCOME TAX AUTHORITIES INSTRUCTIONS TO SUBORDINATE AUTHORITIES ORDER FOR FACILITATING FILING OF IT RETURNS BY TAX PAYERS FOR F.Y. 2012-13 ON 30th & 31st MARCH, 2013 ORDER [F. NO.

Posted in Income Tax  5 comments |   21150 Views


IT Department Urges Taxpayers to Pay all Self-Assessment Tax Dues by 31ST March

   13 March 2013 at 15:28

The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) revea

Posted in Income Tax  2 comments |   14865 Views


Notice inviting proposals for selection of an implementation agency for a National Judicial Reference System (NJRS)

   27 February 2013 at 11:52

The Income Tax Department intends to setup a web based „National Judicial Reference System (NJRS)‟ with the objective of improved litigation management. The NJRS will consist of a centralized, indexed and searchable repository of all direct

Posted in Income Tax |   4293 Views


Inauguration of Centralized Processing Cell (TDS) by Honorable Finance Minister Shri P. Chidambaram

   27 February 2013 at 11:30

Honorable Union Finance Minister Shri P. Chidambaram dedicated the Centralized Processing Cell (TDS) at Aayakar Bhawan, Vaishali on 23rd February, 2013. The function was attended by Secretary (Revenue) Shri Sumit Bose, Secretary (Economic Affairs)

Posted in Income Tax |   8136 Views


FM to Dedicate Centralized Processing Cell for Tax Deducted at Source, CPC (TDS) Today

   23 February 2013 at 13:43

The Union Finance Minister Shri P. Chidambaram, will dedicate the Centralized Processing Cell for Tax Deducted at Source, CPC (TDS) to the nation today. The CPC (TDS) will be situated at Aayakar Bhawan, Sector-3, Vaishali, Ghaziaba

Posted in Income Tax  1 comments |   7740 Views


Income-Tax (Second Amendment) Rules, 2013- Amendment in Rules 31A & 31AA; Substitution of Rules 31ACB, 37J

   21 February 2013 at 11:23

Income-Tax (Second Amendment) Rules, 2013 - Amendment in Rules 31A & 31AA; Substitution of Rules 31ACB, 37J and form nos.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ and insertion of form no. 26B NOTIFICATION NO. 11/2013[F.NO.142/31

Posted in Income Tax  1 comments |   26577 Views



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