Income Tax News

Direct tax collections increase 3.27% in first four months o

11 August 2009 at 11:39

Direct tax collections increase 3.27% in first four months of fiscalNet direct tax collections during first four months of the present fiscal (up to July 2009) stood at Rs.73,990 crore, up from Rs.71,648 crore in the same period last fiscal, register

Posted in Income Tax | 1 comments | 4188 Views

HIGHLIGHTS OF e- FILING SEASON AY 08-09 ( up to 31/03/2009)

01 August 2009 at 13:26

HIGHLIGHTS OF e- FILING SEASON AY 08-09 ( up to 31/03/2009) Table 1: Key results and performance indicators

Posted in Income Tax | 9 comments | 15816 Views

Suggestion given on Direct taxes

29 July 2009 at 14:19

Suggestions given by ICAI in Post Budget Memorandum, 2009 and accepted by the Ministry of Finance Clause Section Proposed Amendment Suggestion Given in Post-Budget Memorandu

Posted in Income Tax | 3 comments | 7212 Views

Centralised Processing centre for IT return in Bangalore

25 July 2009 at 10:48

IT Return Processing CentresThe Government proposes to set up a Centralised Processing Centre (CPC) during 2009-10 only at Bengaluru, for processing of all Income-tax returns received in the State of Karnataka and for processing of all e-returns rece

Posted in Income Tax | 10 comments | 11574 Views

UTN expected to be operational from 1st Jan 2010

25 July 2009 at 10:43

Unique Transaction NumberThe Government has decided to make it compulsory to quote Unique Transaction Number (UTN) in the Income-tax return forms to be filed by all the assessees to whom such number has been allocated by the Income-tax Department. S

Posted in Income Tax | 7 comments | 6867 Views

Net direct tax collections register 3.65% growth

23 July 2009 at 10:48

Net direct tax collections register 3.65% increase in the first QuarterNet direct tax collections during first three months of the present fiscal (up to June 2009) stood at Rs.59,465 crore, up from Rs.57,373 crore in the same period last fiscal, regi

Posted in Income Tax | 3609 Views

Return can be filed without UTN new TDS rule postponed

30 June 2009 at 23:39

CBDT has issued a Press Release in which it has been stated that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being

Posted in Income Tax | 7 comments | 13428 Views

Senior Citizens Savings Scheme, 2004 - Acceptance of Form 15G

08 June 2009 at 12:12

Senior Citizens Savings Scheme, 2004 - Acceptance of Form 15-G from the Nominees Circular Ref. No. DGBA.CDD.H-10566/15.15.001/2008-09 Dated 5-6-2009 As you are aware, investors under Senior Citizens Savings Scheme, 2004 (SCSS) are elig

Posted in Income Tax | 4 comments | 14514 Views

Efiling for ITR 1 to 4 forms enabled

03 June 2009 at 23:13

E-Filing for AY 2009-10 has been enabled for ITR-1, ITR-2, ITR-3, ITR-4 forms. Efiling for ITR-5, ITR-6, ITR-8 forms will be enabled shortly.Please furnish the Form ITR-V to the Income-tax Department by mailing it to Income Tax Department , CPC, Post

Posted in Income Tax | 5 comments | 19257 Views

New Changes for efiling of IT Return for AY 2009-10

03 June 2009 at 23:10

New Changes for efiling of Income-tax Return for AY 2009-101. New Users can register their Digital Certificate during registration process2. During Registration and Forgot Password, Captcha Image needs to be entered by the user for verification. If t

Posted in Income Tax | 8 comments | 25968 Views