Income Tax News

ICAI invites suggestions on Income-tax Returns (ITRs) and other forms notified under Income-tax Rules, 1962

22 October 2014 at 10:45

The Direct Taxes Committee of the ICAI is in the process of compiling suggestions on Income tax Return forms (ITRs) and other forms to be made applicable for Assessment year 2015-16. With regard to the same, suggestions are invited from the members.

Posted in Income Tax | 1 comments | 14259 Views

Last date for filing TDS return extended in some states

17 October 2014 at 13:10

Last date of filing of the TDS/TCS Statements for the 2nd Quarter of Financial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended In view of the recent natural calamities in

Posted in Income Tax | 3 comments | 35709 Views

Clarification regarding allowability of deduction under section 10A/10AA

10 October 2014 at 10:31

Circular 14/2014 : Clarification regarding allowability of deduction under section 10A/10AA on transfer of Technical Man-power in the case of software industry Detailed information has been attached herewith

Posted in Income Tax | 17982 Views

Direct Tax collection goes up by 15 percent

08 October 2014 at 10:44

Gross Direct Taxes Collections during April-September of the Current Financial Year 2014-15 is up by 15.00 percent and stood at Rs. 3,46,144 crore as against Rs. 3,01,063 crore Collected during the same Period Last Year Gross Direct Taxes collections

Posted in Income Tax | 1 comments | 14433 Views

Due date of TDS payment extended upto 10.10.2014

03 October 2014 at 01:33

Due Date of Deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, 2014 extended from 7th October, 2014 to 10th October, 2014 Considering the consecutive holidays owing to the festive season and weekend during the f

Posted in Income Tax | 17 comments | 38829 Views

Application for empanelment of counsels for representing tax matter of IT dept

25 September 2014 at 11:36

OFFICE OF THE COMMISSIONER OF INCOME TAX (JUDICIAL) ROOM NO. 162A, C.R.BUILDING, NEW DELHI-110002 TELEPHONE : 23705781

Posted in Income Tax | 1 comments | 18576 Views

Gujarat High Court directs CBDT to extend due date

23 September 2014 at 10:46

Gujarat High Court directs CBDT to extend due date for filing of ITR to 30-11-2014 subject to Sec 234A interest. No notification from CBDT has been issued yet.

Posted in Income Tax | 21 comments | 34047 Views

ICAI seeks extension of due date of filing of return

19 September 2014 at 11:42

ICAI has, through, a representation dated 15.09.2014 brought to the attention of Chairman, CBDT the concerns of the taxpayers on account of non extension of due date of filing return of income under section 139(1) along with the date of furnishing ta

Posted in Income Tax | 19 comments | 47880 Views

ICAI response to remarks by ITAT on the profession

19 September 2014 at 11:42

ATTENTION OF MEMBERS ICAI initiative on order dated 20th August, 2014 pronounced by a Bench ofIncome Tax Appellate Tribunal, Mumbai Members are aware of the general remarks against ICAI made by Hon 'ble ITAT Mumbai Bench in respect of its order

Posted in Income Tax | 22 comments | 33267 Views

CPC (TDS) Advisory to deductors making TDS payment through multiple challans in a month

19 September 2014 at 11:42

Dear Deductor, As per the records of the Centralized Processing Cell (TDS), it has been observed that you have used multiple challans in a month, for payment of Tax Deducted. For Deductor's convenience, CPC(TDS) has established processing logic i

Posted in Income Tax | 7 comments | 27114 Views