Income Tax News


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


Presentation on Tax Information Network

   19 August 2010 at 10:45

Presentation on Tax Information Network

Posted in Income Tax |   7641 Views


Receipt number to be quoted in Form 16/ 16A

   19 August 2010 at 10:33

Receipt number to be quoted in Form 16/ 16A Receipt number to be quoted in Form 16/16A will be generated by TIN. Receipt number will be generated for the quarterly TDS/TCS statements pertaining to FY 2010-11 and onwards uploaded to TIN. Receipt nu

Posted in Income Tax  2 comments |   6606 Views


Change in procedure for registration of Digital Signature Certificate (effective from 17/08/2010) and FAQs

   17 August 2010 at 11:53

Change in procedure for registration of Digital Signature Certificate (effective from 17/08/2010) and FAQs

Posted in Income Tax  1 comments |   12336 Views


Direct Taxes Code (DTC) to Cover SEZs - Profit Linked Incentives to be Replaced by Investment Linked Deductions

   11 August 2010 at 10:37

Direct Taxes Code (DTC) to Cover SEZs Profit Linked Incentives to be Replaced by Investment Linked Deductions The draft Direct Taxes Code (DTC) along with a Discussion Paper was released for public discussion in August 2009. The Discussion Pa

Posted in Income Tax |   7020 Views


E-Filing for AY 10-11: Quick Statistics (as on 4th August 2010)

   07 August 2010 at 10:33

E-Filing for AY 10-11: Quick Statistics (as on 4th August 2010) HIGHLIGHTS OF e- FILING SEASON AY 10-11 ( up to 04/08/2010) (1) COMPARATIVE PROGRESS OF e-FILING OF RETURNS

Posted in Income Tax  9 comments |   15468 Views


Direct tax Collections Register 15.75% Growth During first four months of present Fiscal

   06 August 2010 at 10:02

Direct tax Collections Register 15.75% Growth During first four months of present Fiscal Net direct tax collections during first four months of the present fiscal (up to July 2010) stood at Rs.85,647 crore, up from Rs.73,990 crore in the same peri

Posted in Income Tax |   3213 Views


Weighted Deduction Increased to 175% W.E.F 1st April 2010 For Sum Paid out of Buisiness Income to University and other Educational Institutions for Sc

   03 August 2010 at 17:24

Weighted Deduction Increased to 175% W.E.F 1st April 2010 For Sum Paid out of Buisiness Income to University and other Educational Institutions for Scientific Research And Development The Income Tax Act, 1961, before amendment by Finance Act, 196

Posted in Income Tax |   6672 Views


Investment Upto Rs. 20000/- In Longterm Infrastructure Bonds Allowed As Deduction U/S 80ccf Of Income Tax Act 1961

   03 August 2010 at 17:23

Investment Upto Rs. 20000/- In Longterm Infrastructure Bonds Allowed As Deduction U/S 80ccf Of Income Tax Act 1961 The Finance Act, 2010 has inserted a new section 80CCF in the Income Tax Act, 1961, which provides that an amount upto the extent of

Posted in Income Tax  5 comments |   20301 Views


Centralised Processing Centre (CPC) At Bangalore Performing Successfully - 26.99 Lakh Returns Processed And Over 3 Lakh Refunds Issued Till Date

   03 August 2010 at 17:21

Centralised Processing Centre (CPC) At Bangalore Performing Successfully - 26.99 Lakh Returns Processed And Over 3 Lakh Refunds Issued Till Date Centralized Processing Centre (CPC) at Bangalore is performing successfully. Till date, 26.99 alkh re

Posted in Income Tax |   7230 Views



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