Income Tax News


Advisory Group for International Taxation and Transfer Pricing Constituted

   03 May 2012 at 15:37

An Advisory Group for International Taxation and Transfer Pricing has been constituted by Central Board of Direct Taxes , Department of Revenue, Ministry of Finance. The Group would comprise of the following members:- i. Revenue Secretary to

Posted in Income Tax  1 comments |   7266 Views


Clarification on Vodafone Tax Issue

   02 May 2012 at 16:54

A news report has appeared in the Financial Express, Delhi edition, 27th April, 2012 captioned “I-T didn’t warn Vodafone of tax burden or dispute deal format”. In this regard, the Central Board of Direct Taxes (CBDT) has issued t

Posted in Income Tax  1 comments |   14628 Views


MCA mandates updating of Income Tax PAN for obtaining DIN

   02 May 2012 at 12:27

General Circular No: 32/2011 dated 31/05/2011, 66/2011 Dated 4/10/2011, 70/2011 dated 15.12.2011 and 04/2012 dated 09.03.2012, Ministry of Corporate Affairs has mandated providing Income-tax Permanent Account Number (Income-tax PAN) for obtaining

Posted in Income Tax  1 comments |   11544 Views


Recovery of Arrears of Tax Demand of the Income Tax Department

   28 April 2012 at 11:11

Recovery of IT The C&AG conducted performance audit of Recovery of Arrears of Tax Demand of the Income Tax Department and the report Number 23 of 2011-12 was laid on the table of the Lok Sabha/Rajya Sabha on 16-12-2011. In the report, the C&a

Posted in Income Tax  2 comments |   12417 Views


Filling up the post of Registrar in the Competition Appellate Tribunal purely on deputation basis

   20 April 2012 at 11:07

Filling up the post of Registrar in the Competition Appellate Tribunal purely on deputation basis

Posted in Income Tax |   5652 Views


Valediction Function of the 64th batch of IRS is to be held at NADT on 16th of April, 2012

   16 April 2012 at 12:19

National Academy of Direct Taxes, Nagpur is going to web cast a live VALEDICTION function of the 64th Batch of the Indian Revenue Services on Monday, 16th April, 2012 at 11:00 am at NADT Auditorium, Nagpur. Hon'ble Shri LAXMAN DAS, Chairman, C

Posted in Income Tax |   4167 Views


Aayakar Sampark Kendra inaugurated by Pranab Mukherjee, Honble Union Finance Minister

   16 April 2012 at 12:19

Inauguration of Aayakar Sampark Kendra by Pranab Mukherjee, Honble Union Finance Minister Hon'ble Union Finance Minister Shri Pranab Mukherjee inaugurated the 'Aayakar Sampark Kendra' (Regional Call Centre) and dedicated the Call Cent

Posted in Income Tax |   3510 Views


Undisclosed income exceeding Rs. 9,200 crore detected by CBDT during the search operations in the financial year 2011-12

   12 April 2012 at 17:51

During the financial year (FY) 2011-12, the Investigation Directorates of the Central Board of Direct Taxes (CBDT) conducted searches on 330 groups involved in different businesses / activities. On the basis of assets, documents and other evidence

Posted in Income Tax  3 comments |   9243 Views


New forms for PAN application from April 8, 2012

   10 April 2012 at 11:18

With effect from April 8, 2012, PAN applications are required to be furnished in the new forms prescribed by ITD. Indian citizens will have to submit their ‘Application for allotment of new PAN’ in revised Form 49A only. Foreign citize

Posted in Income Tax  12 comments |   36768 Views


Issuance of TDS Certificate In Form No 16A download from TIN website - Circular u/s 119 of the Income Tax Act, 1961

   10 April 2012 at 10:28

Issuance of TDS Certificate In Form No 16A download from TIN website – Circular under section 119 of the Income Tax Act, 1961

Posted in Income Tax |   32175 Views



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