Income Tax News

Submission of Post-Budget Memorandum 2010 by Direct Taxes Committee

31 March 2010 at 17:54

Submission of Post-Budget Memorandum 2010 by Direct Taxes Committee The Direct Taxes Committee of the Institute invite members/students/others to download the Post-Budget Memorandum 2010 submitted to the Ministry of Finance on 31st March, 2010.

Posted in Income Tax | 5193 Views

Announcement on other Issues Related to Direct Tax

29 March 2010 at 16:09

As you are kindly aware that there are incessant changes and continuous developments in the area of Direct taxes. The Direct taxes Committee has prepared the post budget memorandum 2010 for submission to the Government.

Posted in Income Tax | 1 comments | 6663 Views

Clarification regarding allowing losses on account of forex derivatives

25 March 2010 at 14:12

Foreign Exchange derivative transactions entered into by the corporate sector in India have witnessed a substantial growth in recent years.

Posted in Income Tax | 3 comments | 4323 Views

Corrigenda to TDS Rules - Amendment in IT (First Amendment) Rules, 2010

24 March 2010 at 11:11

Corrigenda to TDS Rules - Amendment in IT (First Amendment) Rules, 2010 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

Posted in Income Tax | 2 comments | 9729 Views

Income tax department releases common mistakes handout

22 March 2010 at 12:21

Income tax department releases common mistakes handout. Click below to download

Posted in Income Tax | 1 comments | 6537 Views

Discussion Forum on IPR issues to have wider consultation

22 March 2010 at 12:09

A discussion Forum on IPR issues has been set up in the Department of Industrial Policy and promotion (DIPP)'s Website at www.dipp.nic.in with a view to have wider consulta

Posted in Income Tax | 2322 Views

Periodicity of meetings of Committees of Write off of irrecoverable demands and raising of monetary ceiling - Modification of Instruction No. 16/2003,

22 March 2010 at 12:08

Reference is invited to Instruction No. 16/2003 dated 18th November, 2003 in which constitution of various Committees for recommending of write off of Income tax arrears were suggested. Paras 6 & 7 of the above instruction mandated that the

Posted in Income Tax | 2334 Views

Direct tax collections register 7.5 per cent growth upto February

04 March 2010 at 18:53

Net direct tax collections during first eleven months of the present fiscal (up to February 2010) stood at Rs.2,78,373 crore, up from Rs.2,58,902 crore in the same period last fiscal, registering a growth of 7.52

Posted in Income Tax | 3018 Views