Income Tax News

TDS/ TCS correction statements

14 September 2010 at 10:08

TDS/ TCS correction statements Various details with respect to correction statements Preparation of correction statements Details and tools required for preparation of correction statements are given in this section. Details include data struc

Posted in Income Tax | 2 comments | 18231 Views

Taxpayers Filing I-T Returns Electronically are Required to Mail Itr-V for AY 2009-10 To CPC Bengaluru by 31st December, 2010

09 September 2010 at 16:18

Taxpayers Filing I-T Returns Electronically are Required to Mail Itr-V for AY 2009-10 To CPC Bengaluru by 31st December, 2010 The Central Board of Direct Taxes have extended the time limit for filing ITR-V forms relating to income tax returns fi

Posted in Income Tax | 7206 Views

Net Direct Tax Collections Register 13.91% Growth During April-August 2010

07 September 2010 at 10:04

Net Direct Tax Collections Register 13.91% Growth During April-August 2010 Net direct tax collections during the period April to August 2010 of the present fiscal stood at Rs.1,00,112 crore, up from Rs.87,888 crore in the same period last fiscal

Posted in Income Tax | 2763 Views

Time limit for filing ITR-V for assessment year 2009-10 extended

03 September 2010 at 16:17

Time limit for filing ITR-V for assessment year 2009-10 extended Dated 1-9-2010 The Central Board of Direct Taxes (CBDT) has decided to extend the time limit for filing ITR-V forms relating to income-tax returns for A.Y. 2009-10 filed electr

Posted in Income Tax | 5 comments | 7575 Views

The Direct Taxes Codes, 2010 - Bill No. 110 of 2010

31 August 2010 at 10:47

THE DIRECT TAXES CODE, 2010 - Bill No. 110 of 2010

Posted in Income Tax | 11 comments | 23751 Views

Highlights of the DTC bill placed in the Lok Sabha

31 August 2010 at 10:19

Highlights of the DTC bill placed in the Lok Sabha Following are the highlights of the Direct Tax Code bill placed in the Lok Sabha by Finance Minister Pranab Mukherjee on Monday. * Income tax exemption limit proposed at Rs 2 lakh per annum, up

Posted in Income Tax | 5 comments | 19491 Views

Corporate India cautious in welcoming DTC bill

31 August 2010 at 10:17

Corporate India cautious in welcoming DTC bill Corporate India was cautious in its response to the Direct Taxes Code bill, welcoming the proposal to raise the exemption limit for individual tax payers, while expressing disappointment that corpor

Posted in Income Tax | 5235 Views

DTC introduced in Parliament with marginal benefits

31 August 2010 at 10:16

DTC introduced in Parliament with marginal benefits Diluting some of the promises, government on Monday introduced in the Lok Sabha the Direct Taxes Code Bill seeking to increase exemption threshold for income tax payers and reduce corporate tax

Posted in Income Tax | 2 comments | 6864 Views

Relief to tax payers in offing- Govt to table DTC bill today

30 August 2010 at 10:01

Relief to tax payers in offing: Govt to table DTC bill today The Government will table the much-awaited Direct Taxes Code (DTC) bill in the Lok Sabha on Monday, that is expected to provide relief to income tax payers, both personal and corporate

Posted in Income Tax | 7569 Views

Cabinet nod to DTC bill exemption limit upped to Rs 2 lakh

27 August 2010 at 10:56

Cabinet nod to DTC bill; exemption limit upped to Rs 2 lakhIn a move that could leave more money in the hands of people, the Government proposed to raise exemption limit on income tax from the present Rs 1.6 lakh to Rs 2 lakh, the bill also seeks to

Posted in Income Tax | 8 comments | 14445 Views