Income Tax News

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 | 13440 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 | 14523 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 | 19263 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 | 25977 Views

Matters connected to new Return Forms

22 May 2009 at 12:51

NEW RETURN FORMS FOR ASSESSMENT YEAR 2009-10 MATTERS CONNECTED THERETO CIRCULAR NO. 03 / 2009 DATED21-5-2009 The Central Board of Direct Taxes have, vide notification S.O. No.866 (E) dated 27th, March, notified the following new

Posted in Income Tax | 3 comments | 17547 Views

Circular clarifying the new provisions related to TDS and TCS payment

21 May 2009 at 16:49

New TDS and TCS payment and information reporting system - Notification No. 858(E), dated 25th March, 2009 published in Official Gazette Circulars No. 02/2009 Dated 21-5-2009 The Finance Act, 2008 inserted a new sub-sectio

Posted in Income Tax | 8 comments | 632760 Views

New TDS notification postponed to 1st July - Press release

12 May 2009 at 11:05

No.402/92/2006-MC (11 of 2009)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPRESS RELEASEThe Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 a

Posted in Income Tax | 9 comments | 32217 Views

Extension of benefit of enhanced depreciation

27 April 2009 at 13:23

Extension of benefit of enhanced depreciationPress Release No. 402/92/2006-MC (10 of 2009)Dated 24-4-2009The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009. Now, commercial vehicles acquired on or

Posted in Income Tax | 2 comments | 23166 Views

New Income Tax Return Forms are Notified for A.Y.2009-10

06 April 2009 at 07:09

The CBDT has notified new Income Tax Forms for F.Y. 2008-09 | A.Y. 2009-10. via vide notification No. 32/2009 (Income-tax 9th Amendments) Rules, 2009.New ITR Forms Form ITR 1, Form ITR 2, Form ITR 3, From ITR 4, Form ITR 5, Form ITR 6, Form ITR 7, Fo

Posted in Income Tax | 19 comments | 43344 Views

Applicability of Form No.17

03 April 2009 at 11:20

After amending the rules relating to Tax Deduction at Source (TDS) and Tax Collected at Source (TCS), the Central Board of Direct Taxes (CBDT) has said that the new Form No.17 (the challan for payment of TDS and TCS) will be applicable only for

Posted in Income Tax | 15 comments | 58584 Views