Income Tax News

Post Office (Monthly Income Account) and Recurring Deposit Amendment Rules, 2012

14 May 2012 at 11:51

POST OFFICE (MONTHLY INCOME ACCOUNT) AMENDMENT RULES, 2012 - AMENDMENT IN RULE 8 NOTIFICATION NO.GSR 322(E) DATED 25-4-2012 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central

Posted in Income Tax | 27573 Views

Post Office Time Deposit (Amendment) Rules, 2012- Amendment in Rule 7

14 May 2012 at 11:34

NOTIFICATION NO.GSR 323(E) DATED 25-4-2012 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time D

Posted in Income Tax | 1 comments | 9183 Views

Nation Saving Certificates (VIII and IX Issue) (Amendment) Rules, 2012

14 May 2012 at 11:33

NATIONAL SAVINGS CERTIFICATES (VIII ISSUE) (AMENDMENT) RULES, 2012 - AMENDMENT IN RULES 15 AND 16 NOTIFICATION NO.GSR 318(E) DATED 25-4-2012 In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46

Posted in Income Tax | 13593 Views

New TAXNET Project 2013

14 May 2012 at 11:25

The TAXNET Project (WAN & LAN) of Income Tax Department (ITD), operational from 2008, includes MPLS network (including 155 VSAT locations) at more than 700 locations spread in more than 500 cities across the country. The Department has now emb

Posted in Income Tax | 7761 Views

Guidelines for engagement of Standing Counsels to represent the Income-tax Department before High Courts and other judicial forums

14 May 2012 at 11:24

INSTRUCTION NO. 3/2012, [F. NO. 279/MISC./M-75/2011-ITJ] DATED 11-4-2012 To, AllChief Commissioners of Income Tax, All Director Generals of Income Tax Sub : Guidelines for engagement of Standing Counsels to represent the Income-tax Departmen

Posted in Income Tax | 10533 Views

IT Evasion of Builders

14 May 2012 at 11:24

The Income Tax Department conducts search, seizure and survey operations based on credible information relating to ‘persons’ which includes individuals, Hindu undivided families (HUFs), firms, companies, association of persons (AoPs),

Posted in Income Tax | 1 comments | 4614 Views

The online submission of ITR-1 (SAHAJ) and ITR-4S (SUGAM) for AY 2012-13 has been enabled

09 May 2012 at 17:45

The online submission of ITR-1 (SAHAJ) & ITR-4S (SUGAM) for AY 2012-13 has been enabled

Posted in Income Tax | 3 comments | 28737 Views

No Case of Data Leak and Refund Frauds Detected Due to Outsourcing of Infotech Functions by IT Department

09 May 2012 at 11:49

The outsourcing of infotech functions by the Income Tax (IT) Department has emerged after extensive discussions, rigorous evaluation and comprehensive examination by various authorities. Till now no instance has come to light of involvement of Ven

Posted in Income Tax | 5259 Views

Value of Assets Seized in Searches Conducted by Income Tax Department Stood at Rs. 905.61 Crore in 2011-12

09 May 2012 at 11:49

The Government has received a number of cases of information relating to remittances, payments and money held in foreign bank accounts etc. under the provisions of the DTAAs/TIEAs. Every reliable information, including information received from ou

Posted in Income Tax | 4866 Views