Income Tax News
Direct Tax Collections of Rs.2,65,417 Crore made till 15th November, 2012 during the Current Financial Year 2012-13
23 November 2012 at 11:00Direct Tax Collections of Rs.2,65,417 crore have been made till 15th November,2012 during the current Financial Year 2012-13. It is expected that the total Direct Tax Collections for F.Y. 2012-13 will exceed the collection for F.Y. 2011-12. The
Reduction in Fiscal Deficit by increased Tax Collection
23 November 2012 at 10:37The following steps are being taken by the Ministry to mobilize resources to increase tax collection in order to reduce fiscal deficit:- (A) Direct Taxes: (i) Monitoring of Advance Tax payment especially by top tax
Gross Direct Tax Collections up by 6.59 Percent During April-October 2012-13 and Stood at Rs. 3,02,810 Crore as against Rs. 2,84,081 Crore in the Same Period Last Year
08 November 2012 at 13:50Gross direct tax collections during April-October of the Financial Year 2012-13 was up by 6.59 percent and stood at Rs. 3,02,810 crore as against Rs. 2,84,081 crore in the same period last year. Net direct tax collections was up by 14.63 percent a
New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live
03 November 2012 at 17:21New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live, E-Filing Services to the Tax Payers through the Existing Portal will not be available from 3rd November to 8th November, 2012.
Shut down of e-filing portal from 3rd November to 8th November
02 November 2012 at 15:45The current e-filing website is being revamped to a new e-filing website with additional services. The current web services will remain closed with effect from 3rd November to 8th November, 2012. The web services will resume from 9th November, 201
Extension of time limit for filing of ITR-V forms for A.Y. 2010-11 and A.Y. 2011-12 upto 31-12-2012
02 November 2012 at 14:48Extension of time limit for filing of ITR-V forms for A.Y. 2010-11 and A.Y. 2011-12 upto 31-12-2012
E-filing portal to be revamped
31 October 2012 at 12:53The e-Filing Portal is migrating to a revamped new portal in next few days and the existing website services are likely to be closed for few days.
Capital Gains Account (First Amendment) Scheme, 2012 - Amendment in Paragraphs 1,2,3,4,10, 13 and forms A, C and G
30 October 2012 at 17:46NOTIFICATION NO. 44/2012 [F.NO. 142/21/2012-SO (TPL)] DATED 25-10-2012 In exercise of the powers conferred by sub-section (2) of section 54, sub-section (2) of section 54B, sub-section (2) of section 54D, sub-section (4) of section 54F, sub-se
Final Report of the Committee constituted for formulating Accounting Standards for the purposes of notification u/s 145(2) of the Income-tax Act, 1961
27 October 2012 at 11:58Section 145 (1) of the Income-tax Act, 1961 (‘the Act’) provides that the income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” shall [subject to the provi
Pendency in PAN transfer request
18 October 2012 at 12:45LETTER [F.NO. DIT(S)-I/AIS/NODAL/12-13], DATED 8-10-2012 Kind reference is invited to AIS instruction No. 81(copy enclosed-Annexure-I) vide which facility of auto route of PAN transfer in individual cases was withdrawn by the Directorate and new
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