Income Tax News

Web Based Status Tracking Facility Launched to Check Corruption in Income Tax Refunds

24 November 2012 at 11:45

Instances of alleged corruption for settlement of refund claims and complaints come to notice from time to time. Whenever any such instance or complaints comes to notice, the same is verified and if it is found to be correct, the concerned officer

Posted in Income Tax | 7 comments | 15969 Views

Details of search by IT department in India

24 November 2012 at 10:42

The Income tax Department conducts search and seizure operations based on the credible companies, association of ‘persons’ which includes individuals, hindu undivided families (HUFs), firms, companies, association of persons (AoPs), bo

Posted in Income Tax | 14979 Views

Hon'ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit

23 November 2012 at 11:31

Hon’ble Finance Minister compliments the Income Tax Department during CPC, Bangalore visit. "I am greatly impressed by what has been created and put in place at the CPC. The CPC represents a technological leap for the I.T. Department. U

Posted in Income Tax | 8508 Views

Technical Panel to Firm up Views on Major IT Cases

23 November 2012 at 11:31

With a view to provide clarity on contentious legal issues, promote consistency of approach on a given issue and reduce litigation, the following institutional mechanism to formulate ‘Departmental View’ on contentious legal issues has

Posted in Income Tax | 4680 Views

National Judicial Reference System

23 November 2012 at 11:29

A workshop on the proposed "National Judicial Reference System” will be held on 23rd Nov 2012, 10:30AM in the office of the Directorate of Income Tax (Legal & Research) at 15th Floor Hindustan Times Building, Kasturba Gandhi Marg, N

Posted in Income Tax | 5979 Views

Direct Tax Collections of Rs.2,65,417 Crore made till 15th November, 2012 during the Current Financial Year 2012-13

23 November 2012 at 11:00

Direct Tax Collections of Rs.2,65,417 crore have been made till 15th November,2012 during the current Financial Year 2012-13. It is expected that the total Direct Tax Collections for F.Y. 2012-13 will exceed the collection for F.Y. 2011-12. The

Posted in Income Tax | 5916 Views

Reduction in Fiscal Deficit by increased Tax Collection

23 November 2012 at 10:37

The following steps are being taken by the Ministry to mobilize resources to increase tax collection in order to reduce fiscal deficit:- (A) Direct Taxes: (i) Monitoring of Advance Tax payment especially by top tax

Posted in Income Tax | 4794 Views

Gross Direct Tax Collections up by 6.59 Percent During April-October 2012-13 and Stood at Rs. 3,02,810 Crore as against Rs. 2,84,081 Crore in the Same Period Last Year

08 November 2012 at 13:50

Gross direct tax collections during April-October of the Financial Year 2012-13 was up by 6.59 percent and stood at Rs. 3,02,810 crore as against Rs. 2,84,081 crore in the same period last year. Net direct tax collections was up by 14.63 percent a

Posted in Income Tax | 4 comments | 9012 Views

New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live

03 November 2012 at 17:21

New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live, E-Filing Services to the Tax Payers through the Existing Portal will not be available from 3rd November to 8th November, 2012.

Posted in Income Tax | 7 comments | 16083 Views

Shut down of e-filing portal from 3rd November to 8th November

02 November 2012 at 15:45

The current e-filing website is being revamped to a new e-filing website with additional services. The current web services will remain closed with effect from 3rd November to 8th November, 2012. The web services will resume from 9th November, 201

Posted in Income Tax | 6 comments | 16509 Views