Income Tax News


New tax slabs after receiving inputs from people, says Pranab

   18 June 2010 at 17:36

New tax slabs after receiving inputs from people, says Pranab Finance Minister Pranab Mukherjee on Friday said the government will take a view on new tax slabs after receiving inputs from different stakeholders on the revised draft of the Direct

Posted in Income Tax  12 comments |   17313 Views


Suggestions of members invited on the Revised Discussion Paper on the Direct Taxes Code

   18 June 2010 at 13:55

Suggestions of members invited on the Revised Discussion Paper on the Direct Taxes Code As you are kindly aware that the revised discussion paper on the Direct Taxes Code has been released on 15th June, 2010. The Government has invited suggestions

Posted in Income Tax  3 comments |   4989 Views


FM Says DTC will be in Operation as per schedule with effect from 1ST April 201

   17 June 2010 at 10:34

FM Calls for High Inclusive Growth to Generate more Jobs, Wealth and Easy availability and Accessibility of Food for Common Man FM Asks Industry Chambers to Impress Upon Policy Makers of their respective Regions to have early convergence of views

Posted in Income Tax  8 comments |   10500 Views


FM states tax collection have trebled from 2004-05

   17 June 2010 at 10:32

FM asks Income tax Officials to ensure Stoppage of tax evasion so that money collected could be used for betterment of the underprivileged and development of Society FM States that tax Collection have trebled from Rs.132771 Crore in 2004-5 to Rs.

Posted in Income Tax |   3906 Views


CBDT releases revised discussion paper on the Draft Direct Taxes Code

   16 June 2010 at 10:44

CBDT releases revised discussion paper on the Draft Direct Taxes CodeThe draft DTC along with the Discussion Paper was released in August, 2009 for public comments. The response from various stakeholders has been overwhelming and a number of valuabl

Posted in Income Tax  2 comments |   10419 Views


Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

   12 June 2010 at 10:54

Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

Posted in Income Tax  17 comments |   20406 Views


E-filing for ITR 1- SARAL II, ITR-2 , ITR-3 and ITR-4 has commenced

   10 June 2010 at 12:06

E-filing for ITR 1- SARAL II, ITR-2 , ITR-3 and ITR-4 has commenced. Please E-file your AY 2010-11 returns now

Posted in Income Tax  8 comments |   29016 Views


Income Tax Welfare Fund With a Corpus of Rs.100 Crore Operationalised After 12 Years

   09 June 2010 at 14:49

Income Tax Welfare Fund With a Corpus of Rs.100 Crore Operationalised After 12 YearsFinance Minister, Shri Pran

Posted in Income Tax  2 comments |   6981 Views


IT Department to Set up Special Counters to Facilitate Taxpayers to Receive IT Returns

   03 June 2010 at 13:36

I-T Department to Set up Special Counters to Facilitate Taxpayers to Receive I-T Returns on 31st July (Saturday) also

Posted in Income Tax  1 comments |   8943 Views


TDS rules amended to notify new dates of return,mode of payment, issue of TDS certificate and replace the UTN

   03 June 2010 at 11:53

CBDT on amended TDS Rules- New Changes in TDS Rules No.402/92/2006-MC (27 of 2010) Government of India / Minist

Posted in Income Tax  17 comments |   37668 Views



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