Income Tax News

Criteria for manual selection of scrutiny cases

04 September 2014 at 18:03

Instruction No. 6/2014Government of India Ministry of Finance Department of Revenue Central Board of Direct TaxesNorth-Block, IT (A-II) DivisionNew Delhi the 2nd of September, 2014 Subject: Compulsory manual selection of cases for scrutiny during t

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Order under section 119 of the Income tax Act -Constitution of High Level committee

28 August 2014 at 15:50

F.No. 149/141/2014-TPLGovernment of IndiaDepartment of RevenueCentral Board of Direct Taxes(Tax Policy & Legislation Division)***New Delhi dated 28th August, 2014Order under section 119 of the Income-tax ActVide the Finance Act, 2012, certain cla

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Empanelment of CAs for Special Audit u/s 142(2A) of the Income Tax Act

26 August 2014 at 10:45

Empanelment of CAs for Special Audit u/s 142(2A) of the Income Tax Act

Posted in Income Tax | 28734 Views

Revised Form 3CA-3CD & Form 3CB-3CD now available

21 August 2014 at 11:23

Revised Form 3CA-3CD & Form 3CB-3CD along wth updated with Schema is now available for e-Filing Form 3CA-3CD Audit report under section 44AB of the Income-tax Act, 1961 in a case where the accounts of the business or profession o

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Due date for furnishing audit report u/s 44ab extended to 30th Nov

20 August 2014 at 18:12

F.No.133/24/2014-TPL GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES)**** Room No. 147 B-II, North Block New Delhi, the 20th August, 2014 Order Under Section 119 of the Income-tax Act, 1961 In exercise o

Posted in Income Tax | 34 comments | 43704 Views

ICAI invites suggestions on the revised formats of Form Nos. 3CA, 3CB and 3CD

01 August 2014 at 11:43

The Central Board of Direct Taxes has through, Income-tax (7th Amendment) Rules, 2014, notified new Forms of tax audit reports namely Form No. 3CA, 3CB and 3CD. The said notification can be downloaded from the attachment as provided. With regard to t

Posted in Income Tax | 3 comments | 21714 Views

Clarification regarding taxation of Alternate Investment Funds

29 July 2014 at 10:58

Clarification regarding taxation of 'Alternate Investment Funds' having status of non-charitable trust under the Income Tax Act, 1961 Detailed information has been attached herewith

Posted in Income Tax | 12801 Views

Indirect tax collection increases by a modest 4.5 percent

25 July 2014 at 11:16

Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year The overall growth in Indirect Tax Reve

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ITR 6 efiling utility released for AY 14-15

25 July 2014 at 11:16

ITR 6 can be used by a company, other than a company claiming exemption under section 11. To know further in details, find the enclosed attachment

Posted in Income Tax | 1 comments | 18630 Views

Income Tax department to remain open on 26th July and 27th July 2014

24 July 2014 at 18:10

F.No.225/121/2014/ITA.IIGovernment of IndiaMinistry of FinanceCentral Board of Direct Taxes New Delhi, the 24th July, 2014Order under Section 119(1) of the Income tax Act,1961. The due date for filing of return of income within the meaning of Explana

Posted in Income Tax | 4 comments | 20163 Views