Income Tax News

Net Direct Tax Collections Figures for April-January 2012-13 up by 12.49 Percent at Rs. 3,90,310 Crore as Against Rs. 3,46,959 Crore in the Same Period Last Year

07 February 2013 at 09:54

Gross Direct Tax collection during April-January of the current fiscal (F.Y. 2012-13) was up by 7.02 percent at Rs. 4,55,125 crore as against Rs. 4,25,274 crore in the same period last fiscal. While gross collection of Corporate Taxes was up 3.71

Posted in Income Tax | 1 comments | 9477 Views

Income-Tax (First Amendment) Rules, 2013 - Insertion of Rule 17CA and Form no. 10BC

05 February 2013 at 10:45

NOTIFICATION NO. 8/2013 [F. NO. 142/20/2012-TPL] DATED 31-1-2013 In exercise of the powers conferred by clause (b) of section 13B, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the followin

Posted in Income Tax | 2 comments | 17937 Views

CBDT notifies Electoral Trusts Scheme, 2013

05 February 2013 at 10:37

ELECTORAL TRUSTS SCHEME, 2013 NOTIFICATION NO. 9/2013 [F. NO. 142/20/2012-TPL], DATED 31-1-2013 In exercise of the powers conferred by clause (22AAA) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the

Posted in Income Tax | 8508 Views

Clarification on Direct Tax Benefits on issues relating to export of Computer Software

28 January 2013 at 14:02

F. No. 178/84/2012-ITA.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 17th January 2013 Circular No. 01/2013 Subject: Issues relating to export of computer software-Direct tax bene

Posted in Income Tax | 12345 Views

Issues relating to export of computer software-Direct tax benefits Clarification reg

18 January 2013 at 11:04

Posted in Income Tax | 5916 Views

CBDT introduces Centralised Processing of Statements of Tax Deducted at Source Scheme, 2013

18 January 2013 at 11:02

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii) of dated the 15th JANUARY, 2013] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, th

Posted in Income Tax | 1 comments | 7197 Views

GAAR implementation deferred by two years to April 1, 2016

15 January 2013 at 11:31

The Central Government has carefully considered the report of the Expert Committee on General Anti Avoidance Rules (GAAR) and accepted the major recommendations of the Expert Committee with some modifications. Thi

Posted in Income Tax | 6102 Views

Extension of time limit for filing ITR-V forms for A.Y. 2010-11, A.Y. 2011-12 and A.Y. 2012-13

10 January 2013 at 10:34

NOTIFICATION NO. 1/2013 [F. NO. DIT(S)-III/ITR-V EXTENSION/ 2012-13] DATED 7-1-2013 In exercise of its powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the 'Centralized Processing of Returns Scheme, 2011', issued vi

Posted in Income Tax | 2 comments | 31593 Views

Net Direct Tax Collections Figures for April-December 2012-13 Up by 13.70 Percent at Rs. 3,68,322 Crore as Against Rs. 3,23,956 Crore in the Same Period Last Year

05 January 2013 at 10:55

Gross Direct Tax collections during April-December of the Financial Year 2012-13 was up by 8.01 percent and stood at Rs. 4,28,278 crore as against Rs. 3,96,530 crore in the same period last year. While gross collections of Corporate Taxes showed a

Posted in Income Tax | 6030 Views

CBDT Grants Exemption from TDS on the Payments of Certain Categories

05 January 2013 at 10:22

CBDT Grants Exemption from TDS on the Payments of Certain Categories to Mitigate Compliance Burden on Businesses Held by Individuals, Firms or Corporate Etc Who are Using the Financial Services Offered by Banks To mitigate compliance burden on bus

Posted in Income Tax | 6 comments | 29514 Views