Income Tax News


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 |   12339 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 |   7023 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 |   15474 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 |   3216 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 |   6681 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 |   20307 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


Procedure for application for Accounts Office Identification Number (AIN) for Government offices required to file Form 24G

   03 August 2010 at 11:17

Procedure for application for Accounts Office Identification Number (AIN) for Government offices required to file Form 24G Introduction The Pay and Accou

Posted in Income Tax |   13221 Views


Tax SOPS for Industrial Parks

   03 August 2010 at 11:04

Tax SOPS for Industrial Parks Section 80-IA [4 (iii)] of the Income Tax Act, 1961 provides for a tax holiday for 10 out of 15 years in respect of profits of any undertaking which develops, develops and operates or maintains and operates an industr

Posted in Income Tax |   4674 Views


Due date for filing of income tax return extended till 04-Aug-2010

   02 August 2010 at 10:17

Due date for filing of income tax return extended till 04-Aug-2010 The Central Board of Direct Taxes (CBDT) has decided to extend the due date of filing of income tax returns to 4th August 2010 for taxpayers for whom the due date ends today, which

Posted in Income Tax  1 comments |   5496 Views



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