Income Tax News

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

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

Posted in Income Tax | 1 comments | 23103 Views

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

Posted in Income Tax | 1 comments | 21294 Views

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

Posted in Income Tax | 4 comments | 111090 Views

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