Income Tax News


Significant changes in the proposed Direct Taxes Code, 2013

   01 April 2014 at 10:44

The Finance Minister, in his speech on Interim Budget 2014-15, made the following observation on Direct Taxes Code (DTC):-"Revenues are of paramount importance. The best source of revenue is taxes and for that we need modern tax laws. I am disap

Posted in Income Tax  2 comments |   27711 Views


Order Under Section 119 (1) of the Income Tax Act, 1961

   26 March 2014 at 11:22

Order Under Section 119 (1) of the Income Tax Act, 1961

Posted in Income Tax  4 comments |   32601 Views


Extension of date for receipt of ITR-Vs in CPC, Bengaluru for the cases of AY 2O12-13 and 2O13-14 received/e-filed in FY 2O12-13

   21 March 2014 at 12:05

There are many taxpayers who have uploaded their Income Tax Returns(without digital signature Certificate) for A.Y. 2OI,z-Lg [filed between1.4.2012 to 31.1O.2O131 and for A.Y. 2013-14 [filed between L.4.2OL3 to 31.1O.2O131, but have either not filed

Posted in Income Tax  1 comments |   30486 Views


Date of Payment of Final Installment of Advance Tax Extended from 15th March to 18th March 2014

   14 March 2014 at 17:39

The Final Installment of Advance tax for Financial Year 2013-14 is required to be paid on or before 15th March, 2014 by the tax payers who are liable to pay advance tax. These taxpayers can make payments in the designated branches of the authorized b

Posted in Income Tax  11 comments |   27147 Views


Empanelment of Standing Counsels for representing Service Law cases of the Income Tax Department

   12 March 2014 at 12:17

Empanelment of Standing Counsels for representing Service Law cases of the Income Tax Department

Posted in Income Tax |   20073 Views


Ex-post facto extension of due date for filing TDS/TCS statements for FYs 2012-13 and 2013-14 - regarding

   06 March 2014 at 10:43

Circular No. 07/2014F. No. 275/27/2013-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 4th March, 2014 All Chief Commissioners of Income-taxAll Directors General of Income-tax Sub: Ex-post f

Posted in Income Tax  6 comments |   39699 Views


CBDT Extends Time-Limit for Filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 Till 31.03.2014 for Returns E-Filed with Refund Claims

   26 February 2014 at 17:52

The Central Board of Direct Taxes (CBDT) has extended the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-filed with refund claims within the time allowed under section 139 of the Inco

Posted in Income Tax  9 comments |   38544 Views


Transfer of Non-Gazetted Staff from one charge to another under Central Board of Direct Taxes -Relaxation of conditions

   26 February 2014 at 16:51

Transfer of Non-Gazetted Staff from one charge to another under Central Board of Direct Taxes –Relaxation of conditions

Posted in Income Tax |   18861 Views


Rules for Issuing Pan Card

   22 February 2014 at 16:08

The Income Tax Department has made changes in rules for issuing Permanent Account Number (PAN) Card. It has vide notification S.O. 3794 (E) dated 23.12.2013, amended Rule 114 of the Income-tax Rules, 1962 to provide , inter alia, that the application

Posted in Income Tax  18 comments |   41985 Views


Indian Economy to be Third Largest by 2043 UPA Outlines Ten Steps for a Vibrant Economy

   17 February 2014 at 14:07

While presenting the Interim Budget 2014-15, the Union Finance Minister Shri P Chidambaram said that in the next three decades India will become the third largest economy behind USA and China. In future, the fortunes of China

Posted in Income Tax  2 comments |   22032 Views



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