Income Tax News

Highlights - Economic Survey 2009-10

25 February 2010 at 13:07

Highlights - Economic Survey 2009-10Economy posted a remarkable recovery expected to grow at 7.2 per cent§ in 2009-10 against 6.7 per cent in 2008-09. Survey hopes the Indian GDP can be expected to grow around 8.5+/- 0.25 per cent, with a full r

Posted in Income Tax | 2382 Views

Summary of Economic Survey 2009-10

25 February 2010 at 12:47

Summary of Economic Survey 2009-10 Economic Survey 2009-10 The Economic Survey presented to Parliament today says that the economy has bounced back from the global economic slowdown and is on its way to the growth pathof 9 per c

Posted in Income Tax | 4593 Views

FM to table Eco Survey, Finance Comm report today

25 February 2010 at 11:30

FM to table Eco Survey, Finance Comm report todayA day before unveiling the budget, Finance Min Pranab Mukherjee will table the Economic Survey in Parliament on Thursday which will take stock of the economy and also the impact of stimulus on industry

Posted in Income Tax | 2181 Views

Budget Expectations for a Rebounding Economy - challenges ahead

24 February 2010 at 10:42

Budget Expectations for a Rebounding Economy - challenges aheadS. Sethuraman**There is a ground-swell of expect

Posted in Income Tax | 3501 Views

RBI releases Study on State Finances 2009-10

22 February 2010 at 18:02

RBI releases Study on State Finances 2009-10The Reserve Bank of India (RBI) today released "State Finances: A Study of Budgets of 2009-10", a publication that provides data, analysis and assessment of finances of State governments.The State governmen

Posted in Income Tax | 4086 Views

Budget session of Parliament from Monday

22 February 2010 at 12:09

Budget session of Parliament from Monday The Budget session of Parliament beginning Monday is expected to be a

Posted in Income Tax | 4050 Views

Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD and matter reg

10 February 2010 at 16:38

Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD – mat

Posted in Income Tax | 4917 Views

IT Chief Commissioners discuss strategies for achieving revenue collection target

05 February 2010 at 11:12

IT Chief Commissioners discuss strategies for achieving revenue collection targetThe Central Board of Direct Taxes (CBDT) convened a meeting of all cadre-Controlling Chief Commissioners of Income Tax here today to discuss strategies for achieving the

Posted in Income Tax | 3219 Views

Adjustment of Advance FBT with Advance Tax for AY 2010-11

29 January 2010 at 14:36

Adjustment of Advance FBT with Advance Tax for AY 2010-11The Central Board of Direct Taxes have decided that any instalment of advance tax paid in respect of fringe benefits for assessment year (AY) 2010-11 shall be treated as advance income tax paid

Posted in Income Tax | 1 comments | 15285 Views

CBDT to cross-verify all high value refunds this fiscal

28 January 2010 at 11:35

CBDT to cross-verify all high value refunds this fiscal BANK ACCOUNTS, BENEFICIARIES AND SOME SCAMSTERS INVOLVED IN IT REFUND FRAUD IN MUMBAI IDENTIFIEDThe Central Board of Direct Taxes (CBDT) has stated that an officer in the Income Tax department,

Posted in Income Tax | 7044 Views