Income Tax News

Direct Tax collection goes up by 15 percent

08 October 2014 at 10:44

Gross Direct Taxes Collections during April-September of the Current Financial Year 2014-15 is up by 15.00 percent and stood at Rs. 3,46,144 crore as against Rs. 3,01,063 crore Collected during the same Period Last Year Gross Direct Taxes collections

Posted in Income Tax | 1 comments | 14424 Views

Due date of TDS payment extended upto 10.10.2014

03 October 2014 at 01:33

Due Date of Deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, 2014 extended from 7th October, 2014 to 10th October, 2014 Considering the consecutive holidays owing to the festive season and weekend during the f

Posted in Income Tax | 17 comments | 38820 Views

Application for empanelment of counsels for representing tax matter of IT dept

25 September 2014 at 11:36

OFFICE OF THE COMMISSIONER OF INCOME TAX (JUDICIAL) ROOM NO. 162A, C.R.BUILDING, NEW DELHI-110002 TELEPHONE : 23705781

Posted in Income Tax | 1 comments | 18570 Views

Gujarat High Court directs CBDT to extend due date

23 September 2014 at 10:46

Gujarat High Court directs CBDT to extend due date for filing of ITR to 30-11-2014 subject to Sec 234A interest. No notification from CBDT has been issued yet.

Posted in Income Tax | 21 comments | 34038 Views

ICAI seeks extension of due date of filing of return

19 September 2014 at 11:42

ICAI has, through, a representation dated 15.09.2014 brought to the attention of Chairman, CBDT the concerns of the taxpayers on account of non extension of due date of filing return of income under section 139(1) along with the date of furnishing ta

Posted in Income Tax | 19 comments | 47871 Views

ICAI response to remarks by ITAT on the profession

19 September 2014 at 11:42

ATTENTION OF MEMBERS ICAI initiative on order dated 20th August, 2014 pronounced by a Bench ofIncome Tax Appellate Tribunal, Mumbai Members are aware of the general remarks against ICAI made by Hon 'ble ITAT Mumbai Bench in respect of its order

Posted in Income Tax | 22 comments | 33264 Views

CPC (TDS) Advisory to deductors making TDS payment through multiple challans in a month

19 September 2014 at 11:42

Dear Deductor, As per the records of the Centralized Processing Cell (TDS), it has been observed that you have used multiple challans in a month, for payment of Tax Deducted. For Deductor's convenience, CPC(TDS) has established processing logic i

Posted in Income Tax | 7 comments | 27102 Views

Due date of return extended in J&K

16 September 2014 at 17:15

Due date of return extended in J&K Detailed information has been attached herewith

Posted in Income Tax | 3 comments | 29208 Views

Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 - Edition 2014

11 September 2014 at 13:50

Guidance Note on tax Audit u/s 44AB of the Income-Tax Act, 1961 - Edition 2014 Detailed information has been attached herewith

Posted in Income Tax | 8 comments | 40152 Views

Recognition of Deferred Tax Assets for Unrealised Losses Proposed amendments to IAS 12

10 September 2014 at 11:02

This Exposure Draft, published by the International Accounting Standards Board (IASB), contains proposed amendments to IAS 12, Income Taxes. The proposed amendments are in response to a request to the IFRS Interpretations Committee (the Interp

Posted in Income Tax | 14487 Views