Income Tax News
Direct and indirect tax collection increases by 15.03% and 27.5%
13 September 2016 at 11:07Direct Tax Collections up to August, 2016 show an Increase of 15.03% over the net collections for the corresponding period last year; Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year 2016-17 has been achieved. The f
Due date for filing ITR extended to 17th Oct from 30th Sep
09 September 2016 at 20:14Due date for filing of Income tax returns by tax payers whose accounts are required to be audited under IT Act has been extended to 17th Oct F.No.225/195/2016-1TA-II Government of India Ministry of FinanceDepartment of RevenueCentral Board of Direct
Further clarification issued for Income Declaration Scheme
06 September 2016 at 10:25Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs) The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in
Extension of due date for quarterly furnishing of 15G and 15H declaration
01 September 2016 at 10:39Extension of due date for quarterly furnishing of 15G and 15H declaration PFA the attachment for more details
CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers
31 August 2016 at 17:02The Central Board of Direct Taxes (CBDT) entered into twenty (20) Unilateral Advance Pricing Agreements (APAs) yesterday and today, i.e., 29th August, 2016 and 30th August, 2016, with Indian taxpayers. Many of these agreements also have a “Roll
Extension of date of filing return in J&K to 30.09.2016
27 August 2016 at 10:51F. No. 225/195/2016/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth-Block, ITA.II DivisionNew Delhi, the 26th of August, 2016 Order under Section 119 of the Income-tax Act, 1961 On consideration of
Update PAN at ICAI to avoid blocking of efiling account by IT dept
26 August 2016 at 10:58It has been noticed that the Income Tax Department has blocked/ disabled the e-Filing account of the members whose correct PAN details are not available with the Department. Upon following with the Income Tax Department, it has been informed that the
Capital gains to be attracted for investment via Cyprus
25 August 2016 at 10:55Cabinet approves Agreement and the Protocol between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion India, today took another major step in the fight against tax evasion, "round tripping" and &quo
Further clarification issued on the Income and Declaration Scheme
19 August 2016 at 11:43Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSubject : The Income Declaration Scheme 2016- Rule amendment and issuance of FAQ The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to perso
Income Declaration Scheme (Second Amendment) Rules, 2016
16 August 2016 at 10:34MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 12th August, 2016S.O. 2705(E).— In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 of the Finance Act, 20
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