Income Tax News

Income Tax Returns Date Extended to 5th August 2013

31 July 2013 at 15:23

As a Measure of Taxpayers Convenience, Last Date of Filing of Returns Extended to 5th August, 2013 There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 whic

Posted in Income Tax | 5 comments | 12897 Views

Overwhelming Response for e-filing from Every Corner of the Country

31 July 2013 at 12:53

Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year; Record Peak of more than 85,000 Returns Per H

Posted in Income Tax | 8 comments | 8736 Views

Due Date for Filing the returns of Income extended for the state of Uttarakhand by 31st July, 2013 to 31st October, 2013

25 July 2013 at 10:36

Due Date for Filing the returns of Income extended for the state of Uttarakhand by 31st July, 2013 to 31st October, 2013

Posted in Income Tax | 4 comments | 15975 Views

Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh

23 July 2013 at 10:06

The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees. The CBDT vide its earlier notifications had exempted salaried e

Posted in Income Tax | 1 comments | 20073 Views

Guidelines for weighted deduction u/s 35ccd

19 July 2013 at 13:11

To Promote Skill Development Direct Taxes Incentives Given; Guidelines for Weighted Deduction @ 150% of the Expenditure Incurred on skill Development Under Section 35ccd of the Income-Tax Act, 1961 Issued The National Manufacturing Policy (NMP)

Posted in Income Tax | 2 comments | 18738 Views

FM Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes

16 July 2013 at 17:05

Union Finance Minister, Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes. To deliberate on steps for revenue mobilisation & tax administration reforms. The All I

Posted in Income Tax | 9159 Views

Corrigendum for Implementation of the approved Restructuring of the Income Tax Department

16 July 2013 at 12:24

Corrigendum for Implementation of the approved Restructuring of the Income Tax Department. For full news find the attached file.

Posted in Income Tax | 1 comments | 7779 Views

CBDTs Instruction No. 5/2013 [F.No.275/03/2013-IT(B)], dated 8.07.2013

15 July 2013 at 12:29

1. The CBDT issues instructions with respect to processing of Income-tax returns and giving credit for TDS thereon in the case of TDS mismatch. A few of the instructions on this subject issued in previous years are Instruction No. 1/2010 (25-2-2010)

Posted in Income Tax | 1 comments | 17391 Views

Members requested to share difficulties faced in efiling of tax audit reports

15 July 2013 at 12:28

As the members are aware, the Direct Taxes Committee of ICAI makes suitable representations to the Central Board of Direct Taxes or other appropriate bodies on various issues arising out of direct tax laws from time to time which are brought to the

Posted in Income Tax | 2 comments | 11772 Views

Direct Tax Collection for June Quarter

10 July 2013 at 11:29

Gross direct tax collection during April-June of the F.Y. 2013-14 is up by 11.52 percent at Rs. 1,23,993 crore as against Rs. 1,11,183 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 7.82 percen

Posted in Income Tax | 4 comments | 11694 Views