Income Tax News

e-Filing for AY 10-11:Quick Statistics (as on 31st July 2011)

06 August 2011 at 10:40

e-Filing for AY 10-11: Quick Statistics (as on 31st July 2011) QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 31/7/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR

Posted in Income Tax | 9 comments | 18459 Views

11,69,238 Multiple Pan Cards Detected and Deleted

06 August 2011 at 10:10

No. of PAN CARD Holders: As on 31.3.2009 8,09,21,993 As on 31.3.2010 9,59,26,877 As on 31.3.2011 12,10,45,706

Posted in Income Tax | 6 comments | 10116 Views

Income Tax Department takes Several Punitive and Deterrent Steps to Unearth Unaccounted Money And Curb Tax Evasion

06 August 2011 at 10:10

No data is maintained in the Ministry of Finance regarding black money stashed abroad converted to white and brought back into the country by exploiting the provisions of no tax on dividend and capital gain in India. However, appropriate action as

Posted in Income Tax | 7278 Views

Release of Dos and Don'ts Manual by Chairman, CBDT

04 August 2011 at 14:05

Release of Dos & Don'ts Manual by Chairman , CBDT Manual of Dos & Don'ts covering various aspects of General Conduct, Financial administration, Tax administration and Vigilance Administration etc prepared by the Vigilance Directo

Posted in Income Tax | 5403 Views

M.C. Joshi Takes Over as Chairman, CBDT

02 August 2011 at 11:37

Shri M. C. Joshi has taken over as the Chairman, Central Board of Direct Taxes (CBDT) with effect from 1st August 2011. Shri Joshi belongs to the 1974 batch of the Indian Revenue Service (IRS). Earlier, he was THE Chief Commissioner of Income Tax,

Posted in Income Tax | 13242 Views

Check your tax credits in 26AS statement before filing IT return for faster processing and quick refunds

29 July 2011 at 11:01

Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains • Details of tax deducted on behalf of the taxpayer by deductors • Details of tax collected on behalf of the taxpay

Posted in Income Tax | 2 comments | 13626 Views

Chairman CBDT inaugurates special camp at Pragati Maidan, Hall No 12 and 12A

29 July 2011 at 11:00

In furtherance of Income Tax Department’s commitment towards providing better tax payer services, the Income Tax Department, New Delhi has organized a special camp to facilitate filing of returns of salaried and pensioner assessees at Hall n

Posted in Income Tax | 4566 Views

Income Tax has released Form 16A E-Tutorial

29 July 2011 at 10:13

The Income Tax Department has released Form 16A E-Tutorial and Form 16A PPT. For Form 16A E-Tutorial and Form 16A PPT Check the attached file

Posted in Income Tax | 9135 Views

India Signs an Agreement and Protocol for Avoidance of Double Taxation and Prevention of Fiscal Evasion (DTAA) with Lithunia

27 July 2011 at 10:08

The Government of India today signed an Agreement and Protocol for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital (DTAA) with Government of Lithuania. The Agreement and the Protocol

Posted in Income Tax | 2997 Views

Exemption from requirement of furnishing return of income for A.Y. 2011-12 where income does not exceed Rs. 5 lakhs - Assessee has option to avail said exemption

26 July 2011 at 17:26

ORDER [F.NO. 142/09/2011-SO(TPL)] DATED 25-7-2011 The Central Board of Direct Taxes had exempted a certain class of persons from the requirement of furnishing a Return of income under sub-section (1) of section 139 of the Income-tax Act, 1961 fo

Posted in Income Tax | 9099 Views