Income Tax News

Bank Deposit limit in 80C increased to 1.5 lac

17 November 2014 at 11:01

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,PARTII, SECTION 3, SUB‐SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF DIRECT TAXES)NotificationNew Delhi, the 13th November, 2014.(INCOME‐TAX)S.

Posted in Income Tax | 10 comments | 35664 Views

Income-tax (11th Amendment) Rules, 2014

13 November 2014 at 10:54

Income-tax (11th Amendment) Rules, 2014

Posted in Income Tax | 2 comments | 24498 Views

Income Tax Department to remain open on 15th November, 2014

12 November 2014 at 11:47

Income Tax Department to remain open on 15th November, 2014 Detailed information has been attached herewith

Posted in Income Tax | 1 comments | 23139 Views

Implementation of the decision of SC by Income tax dept

12 November 2014 at 11:47

Implementation of the decision of SC by Income tax dept Detailed information has been attached herewith

Posted in Income Tax | 1 comments | 18162 Views

Non adversarial tax regime emphasised by CBDT

08 November 2014 at 11:13

In its constant endeavour towards a non-adversarial tax regime, the Central Board of Direct Taxes (CBDT) has issued instruction dated 7th November, 2014 to its field offices. Emphasis has been laid on cleanliness in office, punctuality, timeliness in

Posted in Income Tax | 10371 Views

FM asks IT dept to focus on domestic black money

31 October 2014 at 10:09

Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Departmen

Posted in Income Tax | 12999 Views

CBDT noticed 5,09,898 taxpayers have not filed ITR for AY 2014-15

30 October 2014 at 16:40

CBDT has noticed that 5,09,898 taxpayers who have submitted an e-return for AY 2011-12 or 2012-13 or AY 2013-14 (Upto 20th October 2014) with returned Income of More than 10 Lakh or paid self assessment tax of more than / equal to one lakh (as per IT

Posted in Income Tax | 1 comments | 25707 Views

New income tax dept website launched

28 October 2014 at 16:21

New income tax dept website launched Detailed information has been attached herewith

Posted in Income Tax | 3 comments | 35952 Views

CBI arrests deputy commissioner and inspector of income tax dept

22 October 2014 at 10:46

The Central Bureau of Investigation has arrested a Deputy Commissioner and two Inspectors, all the three of Income tax Department in a bribery case. A case was registered against a Dy Commissioner of Income Tax, Karimanagar (Telangana) on the complai

Posted in Income Tax | 15 comments | 31443 Views

ICAI invites suggestions on Income-tax Returns (ITRs) and other forms notified under Income-tax Rules, 1962

22 October 2014 at 10:45

The Direct Taxes Committee of the ICAI is in the process of compiling suggestions on Income tax Return forms (ITRs) and other forms to be made applicable for Assessment year 2015-16. With regard to the same, suggestions are invited from the members.

Posted in Income Tax | 1 comments | 14250 Views