Income Tax News

FM Pranab Mukherjee's opening remarks in Kathmandau today after signing the Double Taxation Avoidance Agreement (DTAA)

28 November 2011 at 12:59

Here are the opening remarks of the Finance Minister: ‘It is an honour and a privilege to be in this beautiful city, the capital of Nepal. It brought back fond memories of my previous visits. It has been a very busy but most useful visit t

Posted in Income Tax | 1 comments | 4101 Views

Chairman's Message regarding Results Framework Document, 2012-13

23 November 2011 at 15:16

From the desk of Chairman, CBDT To the Members of Aayakar Parivaar Dear Friends, Subject: Preparation of Results Framework Document for Income tax Department for F. Y. 2012-13. I am sure that by now you have read the OM F. No. 22/1/2011/AP/DO

Posted in Income Tax | 7749 Views

Suggestions for prescribing a proforma for obtaining information relating to Transfer Pricing

22 November 2011 at 13:54

The Income Tax Department Need Suggestions for prescribing a proforma for obtaining information relating to Transfer Pricing and in other cases. For details please check the attached file...

Posted in Income Tax | 4644 Views

Central Board of Direct Taxes (CBDT) seeking tax audit data

16 November 2011 at 13:19

Dear Professional Colleague, As you must be aware, recently the ICAI had represented before Central Board of Direct Taxes (CBDT) seeking tax audit data based on returns e-filed during the year 2010-11. I would like to inform you that in response t

Posted in Income Tax | 4 comments | 11799 Views

Over 15000 Tax Disputes Involving Over 1.35 Lakhs Tax Proceedings Settled by Income Tax Settlement Commission

11 November 2011 at 15:27

The Income Tax Settlement Commission, Ministry of Finance , has settled over 15000 tax disputes involving over 1.35 lakhs tax proceedings in its life time since 1976. In 2010-11, it passed 400 orders, in which it settled income amounting to 595 Cr

Posted in Income Tax | 1 comments | 4842 Views

Income-Tax (Seventh Amendment) Rules, 2011 -Substitution of Form Nos. 49A & 49AA

02 November 2011 at 10:55

Income-Tax (Seventh Amendment) Rules, 2011 Substitution of Form Nos. 49A & 49AA Corrigendum to Notification No 2394(E) Dated 17-10-2011 NOTIFICATION NO. 58/2011 [F.NO. 133/48/2011-SO(TPL)]/S.O.2468(E) DATED 29-10-2011 In

Posted in Income Tax | 16026 Views

Income -Tax (Eighth Amendment) Rules, 2011 - Amendment in Rules 31A And 37BA

02 November 2011 at 10:18

NOTIFICATION NO. 57/2011 [F.NO. 142/23/2011-SO(TPL)]/S.O. 2429 (E) DATED 24-10-2011 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules

Posted in Income Tax | 2 comments | 15270 Views

CBDT has released a film on 150 years of Income Tax India

01 November 2011 at 14:43

The Income Tax Department, CBDT has released a film on 150 years of Income Tax India. Check the Attached file for Details...

Posted in Income Tax | 6288 Views

The Income Tax Department has released a Notification for PAN application

24 October 2011 at 16:01

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 17th day of October, 2011 INCOM

Posted in Income Tax | 21 comments | 46617 Views

I-T's Rs 9-lakh reminder to Kejriwal

22 October 2011 at 12:58

The income tax (I-T) department has issued a fresh notice to Arvind Kejriwal, a former Indian Revenue Service officer and member of social activist Anna Hazare's team, asking him to pay Rs 9 lakh in dues to the department by the month-end. &qu

Posted in Income Tax | 3 comments | 7581 Views