Income Tax News

CPC commences issue of refunds for AY 2010-11 returns

02 February 2011 at 11:19

CPC commences issue of refunds for AY 2010-11 returns Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. As on 31/1/2011 it has processed over 31.3 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4

Posted in Income Tax | 4 comments | 8106 Views

Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs

02 February 2011 at 11:13

Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs

Posted in Income Tax | 1 comments | 9801 Views

Tax collection targets for the current financial year increased

24 January 2011 at 10:09

Tax collection targets for the current financial year increased; FM calls for more focus on increasing service tax collections; Shri Pranab Mukherjee addresses review meeting of CBDT/CDEC in Chennai. Finance Minister Shri Pranab Mukherjee ha

Posted in Income Tax | 6546 Views

ICAI submits its suggestions on the Direct Taxes Code Bill, 2010 to the Parliamentary Standing Committee on Finance

14 January 2011 at 11:32

ICAI submits its suggestions on the Direct Taxes Code Bill, 2010 to the Parliamentary Standing Committee on Finance

Posted in Income Tax | 8889 Views

Rejection of TDS/TCS statements - Common errors and course of action

29 December 2010 at 11:41

Rejection of TDS/TCS statements Common errors and course of action a. What is course of action in case a regular statement is rejected? A. Please refer to Course of action regular rejection for the common causes for rejection of

Posted in Income Tax | 4 comments | 22656 Views

List of Notified Industrial Parks, CBDT

15 December 2010 at 11:43

List of Notified Industrial Parks, CBDT

Posted in Income Tax | 5769 Views

CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases

15 December 2010 at 10:17

CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases The Central Board of Direct Taxes (CBDT) has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acqui

Posted in Income Tax | 4971 Views

Processing of ITR-I and ITR-2 returns - credit for tax deducted at source for A.Y. 2009-10 - clarification regarding

14 December 2010 at 12:09

Processing of ITR-I and ITR-2 returns – credit for tax deducted at source for A.Y. 2009-10 – clarification regarding. INSTRUCTION NO. 9/2010 [F. NO. 225/25/2010/IT (A-II)] DATED 9-12-2010 1. Reference may be made to Board’s

Posted in Income Tax | 7362 Views

Parameters for processing of E-TDS Returns - issuance of instruction - regarding

14 December 2010 at 12:08

Parameters for processing of E-TDS Returns – issuance of instruction – regarding INSTRUCTION NO. 8/2010 [F.NO. 275/73/2009-IT(B)] DATED 8-12-2010 In the present system of processing of e-TDS returns, the returns are processed onl

Posted in Income Tax | 7017 Views

CPC Bangalore commences issue of refunds for AY 2010-11 returns

13 December 2010 at 12:08

CPC commences issue of refunds for AY 2010-11 returns. Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. Till 10/12/2010 it has processed over 15 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4 an

Posted in Income Tax | 6 comments | 9786 Views