Income Tax News

Inauguration of Direct Taxes Regional Training Institute, Bangalore

04 April 2012 at 15:43

DIRECT TAXES REGIONAL TRAINING INSTITUTE, BANGALORE The Institute: Direct Taxes Regional Training Institute, Bangalore (DTRTI or the Institute, for short) is the training arm of the Income-tax Department. It functions under the aegis of Nation

Posted in Income Tax | 7878 Views

Income-tax (Fourth Amendment Rules, 2012 - Depreciation restricted to 15% on wind mills installed after 31-3-2012

02 April 2012 at 10:37

Notification No. 15/2012 [F.No.149/21/2010-SO(TPL)] S.O.694(E) Dated 30-3-2012 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 rule

Posted in Income Tax | 2 comments | 12312 Views

e-Filing in F.Y 2011-12: Quick Statistics (as on 31st March 2012)

01 April 2012 at 21:10

QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 31/03/2012) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR

Posted in Income Tax | 1 comments | 13308 Views

Income-tax (3rd Amendment) Rules, 2012

30 March 2012 at 17:12

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 28th day of March, 2012 Income-tax S.O. 626 (E).- In exercise of the powers conferred by section 295 of the Income-tax Ac

Posted in Income Tax | 1 comments | 25509 Views

CBDT office to remain open on 31st March

30 March 2012 at 17:07

CBDT office to remain open on 31st March

Posted in Income Tax | 4182 Views

New Income Tax Return Forms for Assessment Year 2012-13

30 March 2012 at 17:06

NEW RETURN FORMS FOR ASSESSMENT YEAR 2012-13 Notification English Notification Hindi Form No. ITR-1 SAHAJ

Posted in Income Tax | 5 comments | 202041 Views

Submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012

30 March 2012 at 10:17

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 (with no further extension likely).

Posted in Income Tax | 7329 Views

Tax Concession on Education Loan

28 March 2012 at 15:08

Section 80E of the Income Tax Act, 1961 provides for a deduction to an assessee (being an individual), out of his income chargeable to tax, on account of any amount paid by him in the previous year by way of interest on loan taken by him from any fi

Posted in Income Tax | 4 comments | 15120 Views

Prosecution for Concealing Income

28 March 2012 at 15:08

Prosecution for Concealing Income Income Tax Department receives information from various sources including from foreign governments under the Double Taxation Avoidance Agreement (DTAA). Whenever such information is received, it i

Posted in Income Tax | 1 comments | 6693 Views