Income Tax News
Committee on Direct Cash Transfers
07 December 2012 at 11:43Government has constituted National Committee on Direct Cash Transfers chaired by the Prime Minister as a mechanism to coordinate action for introduction of direct cash transfers to individuals under various Government schemes and programmes. The
Bilateral Convention on Avoidance of Double Taxation between India and UK
07 December 2012 at 11:43A protocol amending the existing convention between India and the United Kingdom (UK) for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income and capital gains was signed in London on 30.10.2012, the
Notification on Rule 56 of I.T. Rules, 1962
03 December 2012 at 11:55[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART–II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th November, 2012. (
General Anti-Avoidance Rules
29 November 2012 at 17:01The GAAR (General Anti-Avoidance Rule) provisions have not been put on hold. The Finance Act, 2012 had provided that these provisions shall be effective from the 1st day of April, 2014 and apply to Assessment year 2014-15 onwards. One of the rec
Rajiv Gandhi Equity Savings Scheme, 2012 u/s 80CCG of the Income-tax Act, 1961
28 November 2012 at 11:58[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (ii) OF THE GAZETTE OF INDIA, EXTRAORDINARY, DATED THE 23rd Government of India November, 2012] Ministry of Finance Department of Revenue Notification New Delhi, the 23rd (Income-tax) November
Web Based Status Tracking Facility Launched to Check Corruption in Income Tax Refunds
24 November 2012 at 11:45Instances of alleged corruption for settlement of refund claims and complaints come to notice from time to time. Whenever any such instance or complaints comes to notice, the same is verified and if it is found to be correct, the concerned officer
Details of search by IT department in India
24 November 2012 at 10:42The Income tax Department conducts search and seizure operations based on the credible companies, association of ‘persons’ which includes individuals, hindu undivided families (HUFs), firms, companies, association of persons (AoPs), bo
Hon'ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit
23 November 2012 at 11:31Hon’ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit. "I am greatly impressed by what has been created and put in place at the CPC. The CPC represents a technological leap for the I.T. Department. U
Technical Panel to Firm up Views on Major IT Cases
23 November 2012 at 11:31With a view to provide clarity on contentious legal issues, promote consistency of approach on a given issue and reduce litigation, the following institutional mechanism to formulate ‘Departmental View’ on contentious legal issues has
National Judicial Reference System
23 November 2012 at 11:29A workshop on the proposed "National Judicial Reference System” will be held on 23rd Nov 2012, 10:30AM in the office of the Directorate of Income Tax (Legal & Research) at 15th Floor Hindustan Times Building, Kasturba Gandhi Marg, N
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