India Ratifies the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and becomes the First Non-OECD, Non-Council of Europe Country to become A Party to the Convention India had signed the Multilateral Convention on Mutual
Here is the procedure for registration of TAN online and activation of TAN account. Steps to Register TAN Register your TAN online at TIN website. For registration of TAN, Submit the application online. On successful registration of TAN, a 1
NOTIFICATION NO 9/2012, Dated February 17, 2012 In exercise of the power conferred by sub-section (IC) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby exempts the following class of persons, subject to th
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 notice of the Committee
NOTIFICATION NO.5/2012[F.NO.142/25/2011-SO(TPL)] DATED 6-2-2012 S.O…………(E).- In exercise of the powers conferred by section 285 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Di
Gross direct tax collection during April-January of the current fiscal was up by 14.57 percent at Rs.4,25,274 crore as against Rs.3,71,188 crore in the same period last fiscal. While gross collection of corporate taxes was up 11.87 percent (Rs.2,8
ORDER NO. 1/FT&TR/2012 [F.NO. 500/15/2011-FT&TR-I] DATED 31-1-2012 In exercise of powers conferred under section 144C of the Income-tax Act, 1961, and in supersession of earlier orders, the Board hereby constitutes the Dispute Resoluti
INSTRUCTION NO. 01/2012 [F.NO.225/34/2011-ITA.II] DATED 2-2-2012 The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considered by the Board. In order to clear backlog of returns, the following deci
The due date for submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012 or 120 days from the date of upload whichever is later.
QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 31/12/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR