Income Tax News
ITR 1,2 and 4S simplified for convenience of taxpayers
01 June 2015 at 08:36Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Inco
FM exhorts senior tax officers to be prompt in redressing grievance of taxpayers
26 May 2015 at 10:42Finance Minister Shri Arun Jaitley Exhorts the Senior Officers of Income Tax Department to be Prompt in Redressing the Grievances of the Tax Payers, Expand the Tax Base in a Non-Intrusive Manner while Striving to Achieve the Revenue Generation Target
Grievances relating to verification and correction of demand outstanding against taxpayers
21 May 2015 at 10:30Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes 19th May, 2015 Press Release Subject: Grievances relating to verification and correction of demand outstanding against taxpayers. The Income Tax Department ha
Committee formed to examine MAT on FIIs
21 May 2015 at 10:30High Level Committee (HLC) Headed by Justice A.P. Shah on Direct Tax Matters Constituted; Committee to Examine the Matter Relating to Levy of MAT on FIIS for the Period Prior to 01.04.2015 among others; Committee Requested to give its recommendations
Gross tax collection stands at 12.45 lac crore
18 May 2015 at 10:27Government betters its own Financial Targets During 2014-15; Fiscal Deficit for the Financial Year 2014-15 stands at 4.0 % as against the Target of 4.1 % while Revenue Deficit for FY 2014-15 stands at 2.8% as Against Target of 2.9% ;Gross Tax Collect
Direct taxes worth Rs 6.95 lac crore collected during 2014-15
13 May 2015 at 10:32Direct Taxes worth Rs. 6,95,988 Collected Druing 2014-15; Direct Taxes Contribute more than 56% to total Central Taxes During 2013-14 and 2014-15 The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:
Income tax related public grievances
13 May 2015 at 10:32The Citizen’s Charter 2014 of Income Tax Department includes ‘Redressal of grievances’ within the specified timeline of 60 days, as one of the key taxpayer services provided by the Department. Redressal of grievances has been includ
Officers advised not to take coercive action against FII for recovery of MAT
12 May 2015 at 10:25Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to
FM statement for MAT on FIIS
09 May 2015 at 11:35Text of the Statement made by the Finance Minister in Rajya Sabha yesterday relating to MAT on FIIS A matter which has attracted considerable debate in the public space in recent weeks is the levy of Minimum Alternate Tax (MAT) on Foreign Institution
IT dept receives PM award for excellence in public administration
22 April 2015 at 10:35Income Tax Department Awarded the Prime Ministers Award for Excellence in Public Administration for Easy Tax Compliance Through Quality Service The Income Tax Department has been awarded the Prime Ministers Award f
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