Income Tax News
Instructions regarding Income limits for assigning cases to Deputy Commissioners/Assistant Commissioners/ITOs
17 September 2012 at 18:25LETTER [F.NO. 187/12/2010-ITA-1] DATED 5-9-2012 This is with reference to the deliberations made in the meeting of Chief Commissioners of Income Tax & Directors General of Income Tax held on 3-9-2012 at New Delhi. One of the issues raised
Demand Management Fortnight- Standard Operating Procedure (SOP)
17 September 2012 at 18:25LETTER [DIT(S)-III/DMFORTNIGHT/2012-13] DATED 3-9-2012 The issue of demand management continues to remain an area of grave concern. It has been found that in most of the cases demand uploaded is incorrect and incomplete. Such demands have been
Net Direct Tax Collections During April-August 2012-13 Up by 28.15 Per Cent and Stood at Rs.1,23,969 Crore as Against Rs. 1,54,361 Crore in the Same Period Last Year
10 September 2012 at 17:25Gross Direct Tax collections during April-August of the F.Y. 2012-13 was up by 6.51 per cent at Rs. 1,64,413 crore as against Rs. 1,54,361 crore in the same period last year. While gross collection of Corporate Taxes showed an increase of 0.15 per
Multilateral Convention in Tax Matter
07 September 2012 at 11:29India signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (Multilateral Convention) on 26th January, 2012 and ratified it as on 2nd February, 2012. The Multilateral Convention has come in to effect for India on 1s
Income Tax Overseas Units
06 September 2012 at 11:26Income-tax Overseas Units (ITOUs) manned by tax officers at the level of First Secretary have been established in Mauritius and Singapore. Further, posting orders in respect of officers to be posted to newly created ITOUs in Indian missions at Cyp
Income-tax (10th Amendment) Rules, 2012
04 September 2012 at 12:54TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 30th day of August, 2012
Full text of the committee report on GAAR
03 September 2012 at 12:33Full text of the committee report on GAAR
Institutional Mechanism for forming Departmental view on Contentious Legal Issues
01 September 2012 at 13:42OFFICE MEMORANDUM [F.NO. 279/M-61/2012-ITJ] DATED 28-8-2012 It has been observed that a large part of litigation in the Direct Taxes matters involves interpretation of legal provisions. Lack of desired clarity on a contentious legal issue, amo
Ministry of Finance Notifies Advance Price Agreement (APA) Scheme
01 September 2012 at 13:42The Ministry of Finance has notified an “Advance Pricing Agreement Scheme” (Rules 10F to 10T of Income Tax Rules, 1962) vide notification No. 36/2012 dated 30-8-2012. The Finance Act, 2012 had inserted sections 92CC and 92CD in the Inc
Income-tax (Dispute Resolution Panel) (First Amendment) Rules, 2012- Amendment in Rule 3
29 August 2012 at 17:18NOTIFICATION NO. 33/2012 [F.NO.133/13/2012-SO(TPL)]/SO 1967(E) DATED 24-8-2012 In exercise of the powers conferred by sub-section (14) of section 144C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the
Popular News
- Rajasthan HC to Hear Tax Audit Deadline Extension Plea on 28th September
- Tax Audit Deadline 2026: Professional Bodies Seek Extension to 31st October
- AIMTPA Seeks Tax Audit & ITR Due Date Extension for AY 2026-27
- MTPA Seeks Tax Audit Deadline Extension: TAR by 31st Oct, ITR by 30th Nov 2026
- BJP Pali District President Seeks Tax Audit Due Date Extension for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
