Income Tax News

Instruction Regarding Standard Operating Procedure on Filing of Appeals to ITAT Under Section 253 and Related Matters

16 August 2011 at 14:19

INSTRUCTIONS REGARDING STANDARD OPERATING PROCEDURE ON FILING OF APPEALS TO ITAT UNDER SECTION 253 AND RELATED MATTERS INSTRUCTION NO. 08/2011 [F NO. 279/MISC./M- 43/2011-ITJ], DATED 11-8-2011 With a view to streamline the process of filing app

Posted in Income Tax | 6627 Views

Gross Direct Tax Collections up by 26.63 Percent

13 August 2011 at 12:05

Revised Press Release on Gross Direct Tax Collections:- up by 26.63 Percent and Stood at Rs.1,32,542 Crore during April-July,2011 Gross direct tax collections during the first four months of the current fiscal (April - July 2011) were up by 26.63

Posted in Income Tax | 1 comments | 4020 Views

e-Filing for AY 10-11:Quick Statistics (as on 31st July 2011)

06 August 2011 at 10:40

e-Filing for AY 10-11: Quick Statistics (as on 31st July 2011) QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 31/7/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR

Posted in Income Tax | 9 comments | 18465 Views

11,69,238 Multiple Pan Cards Detected and Deleted

06 August 2011 at 10:10

No. of PAN CARD Holders: As on 31.3.2009 8,09,21,993 As on 31.3.2010 9,59,26,877 As on 31.3.2011 12,10,45,706

Posted in Income Tax | 6 comments | 10119 Views

Income Tax Department takes Several Punitive and Deterrent Steps to Unearth Unaccounted Money And Curb Tax Evasion

06 August 2011 at 10:10

No data is maintained in the Ministry of Finance regarding black money stashed abroad converted to white and brought back into the country by exploiting the provisions of no tax on dividend and capital gain in India. However, appropriate action as

Posted in Income Tax | 7281 Views

Release of Dos and Don'ts Manual by Chairman, CBDT

04 August 2011 at 14:05

Release of Dos & Don'ts Manual by Chairman , CBDT Manual of Dos & Don'ts covering various aspects of General Conduct, Financial administration, Tax administration and Vigilance Administration etc prepared by the Vigilance Directo

Posted in Income Tax | 5406 Views

M.C. Joshi Takes Over as Chairman, CBDT

02 August 2011 at 11:37

Shri M. C. Joshi has taken over as the Chairman, Central Board of Direct Taxes (CBDT) with effect from 1st August 2011. Shri Joshi belongs to the 1974 batch of the Indian Revenue Service (IRS). Earlier, he was THE Chief Commissioner of Income Tax,

Posted in Income Tax | 13248 Views

Check your tax credits in 26AS statement before filing IT return for faster processing and quick refunds

29 July 2011 at 11:01

Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains • Details of tax deducted on behalf of the taxpayer by deductors • Details of tax collected on behalf of the taxpay

Posted in Income Tax | 2 comments | 13626 Views

Chairman CBDT inaugurates special camp at Pragati Maidan, Hall No 12 and 12A

29 July 2011 at 11:00

In furtherance of Income Tax Department’s commitment towards providing better tax payer services, the Income Tax Department, New Delhi has organized a special camp to facilitate filing of returns of salaried and pensioner assessees at Hall n

Posted in Income Tax | 4575 Views