Income Tax News

CBDT Clarification on Interception of Telephonic Conversations

29 April 2010 at 11:57

CBDT Clarification on Interception of Telephonic Conversations A section of the media has reported communication between the Income Tax department and the Central Bureau of Investigation regarding records of telephonic conversations between a pers

Posted in Income Tax | 1 comments | 4494 Views

New Income Tax Return Form SARAL II for Assessment Year 2010-11

27 April 2010 at 11:24

CBDT notifies New Income Tax Return Form SARAL II (ITR 1) for Assessment Year 2010-11 for Individuals having in

Posted in Income Tax | 11 comments | 35595 Views

HIGHLIGHTS OF e- FILING SEASON AY 09-10 ( up to 31/03/2010)

09 April 2010 at 11:01

HIGHLIGHTS OF e- FILING SEASON AY 09-10 ( up to 31/03/2010) (1) COMPARATIVE PROGRESS OF e-FILING OF

Posted in Income Tax | 3 comments | 9348 Views

Submission of Post-Budget Memorandum 2010 by Direct Taxes Committee

31 March 2010 at 17:54

Submission of Post-Budget Memorandum 2010 by Direct Taxes Committee The Direct Taxes Committee of the Institute invite members/students/others to download the Post-Budget Memorandum 2010 submitted to the Ministry of Finance on 31st March, 2010.

Posted in Income Tax | 5199 Views

Announcement on other Issues Related to Direct Tax

29 March 2010 at 16:09

As you are kindly aware that there are incessant changes and continuous developments in the area of Direct taxes. The Direct taxes Committee has prepared the post budget memorandum 2010 for submission to the Government.

Posted in Income Tax | 1 comments | 6672 Views

Clarification regarding allowing losses on account of forex derivatives

25 March 2010 at 14:12

Foreign Exchange derivative transactions entered into by the corporate sector in India have witnessed a substantial growth in recent years.

Posted in Income Tax | 3 comments | 4332 Views

Corrigenda to TDS Rules - Amendment in IT (First Amendment) Rules, 2010

24 March 2010 at 11:11

Corrigenda to TDS Rules - Amendment in IT (First Amendment) Rules, 2010 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

Posted in Income Tax | 2 comments | 9732 Views

Income tax department releases common mistakes handout

22 March 2010 at 12:21

Income tax department releases common mistakes handout. Click below to download

Posted in Income Tax | 1 comments | 6540 Views

Discussion Forum on IPR issues to have wider consultation

22 March 2010 at 12:09

A discussion Forum on IPR issues has been set up in the Department of Industrial Policy and promotion (DIPP)'s Website at www.dipp.nic.in with a view to have wider consulta

Posted in Income Tax | 2328 Views

Periodicity of meetings of Committees of Write off of irrecoverable demands and raising of monetary ceiling - Modification of Instruction No. 16/2003,

22 March 2010 at 12:08

Reference is invited to Instruction No. 16/2003 dated 18th November, 2003 in which constitution of various Committees for recommending of write off of Income tax arrears were suggested. Paras 6 & 7 of the above instruction mandated that the

Posted in Income Tax | 2340 Views