Income Tax Notification & Circulars

INSTRUCTION NO. 14/2008, DATED 1-10-2008

ROCESSING OF RETURNS FOR A.Y. 2007-08 - DIFFICULTIES BEING FACED IN PROCESSING ITR-5 RETURNS IN CITIES WHERE REFUND BANKER SCHEME IS OPERATIONAL INSTRUCTION NO. 14/2008, DATED 1-10-2008 Kindly refer to the above. It has come to the notice of the Board that in the cities where the refund banke..

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NOTIFICATION NO. 93/2008, DATED 30-9-2008

REVERSE MORTGAGE SCHEME, 2008 NOTIFICATION NO. 93/2008, DATED 30-9-2008 In exercise of the powers conferred by clause (xvi) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Centre! Government hereby makes the following scheme, namely: - 1. Short title, commencement aud a..

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SECTION 194J

SECTION 194JOF THE INCOME-TAX ACT, 1961 –DEDUCTION AT SOURCE OF TAX – NOTIFIED PROFESSIONAL SERVICES NOTIFICATION NO. 88/2008/F.NO. 275/43/2008-IT(B), DATED 21-8-08 In exercise of the powers conferred by clause (a) of the Explanation to section 194J of the Income Ta..

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NOTIFICATION NO. 94/2008, DATED 1-10-2008

SECTION 35(1)(II) OF THE INCOME-TAX ACT, 1961 - SCIENTIFIC RESEARCH EXPENDITURE - APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS NOTIFICATION NO. 94/2008, DATED 1-10-2008 It is hereby notified for general information that the organization Kasturba Health Society, Distt. Wardha, Mahara..

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CIRCULAR NO. 8/2008, DATED 22-9-2008

COMPULSORY FILING OF E-RETURN OF INCOME FOR ASSESSMENT YEAR 2008-09-FURNISHING OF RETURN BY REPRESENTATIVE ASSESSEE OF NON-RESIDENTS CIRCULAR NO. 8/2008, DATED 22-9-2008 The Central Board of Direct Taxes, vide notification S.O. No. 752(E) dated 28.03.2008, inter-alia, notified a new return ..

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CBDT Instruction No. 11/2008

CBDT Instruction No. 11/2008, Dated: September 5, 2008Processing of Returns – Clearance of backlog – CBDT instructionsBoard is concerned that a large number of IT returns are pending for processing and has issued the following instructions:-(1) All pending returns for A.Y. 2007-08 involving refund c..

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SECTION 90 A OF THE INCOME TAX ACT, 1961

SECTION 90 A OF THE INCOME TAX ACT, 1961 – DOUBLE TAXATION RELIEF – ADOPTION BY CENTRAL GOVERNMENT OF AGREEMENT BETWEEN SPECIFIED ASSOCIATION FOR DOUBLE TAXATION RELIEF NOTIFIED AGREEMENT NOTIFICATION NO. 90/2008, DATED 28-8-2008 In exercise of the powers conferred by s..

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SECTION 80-IC

SECTION 80-IC (2)(A) OF THE INCOME-TAX ACT 1961 – DEDUCTION – SPECIAL PROVISION IN RESPECT OF CERTAIN UNDERTAKINGS OR ENTERPRISES IN CERTAIN SPECIAL CATEGORY STATES – NOTIFIED INDUSTRIAL AREAS – AMENDMENTS IN NOTIFICATION NO. S.O. 1269(E), DATED 4-11-2003 NOTIFICATION NO. 89/2008/F. NO. 142/24..

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Clarrification Regarding TDS on Arrears

No. 402/92/2006-MC (46 of 2008) Government of India/ Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the 30th September 2008 PRESS RELEASE Clarification regarding tax deduction at source on arrears of salary paid to government servants on account of i..

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NOTIFICATION NO.99/2008 [F.No. 142/18/2008-TPL], DT 22.10.08

In exercise of the powers conferred by section 295 read with clause (xii) of sub-section (5) of section 11 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 namely :— 1. (1) These rules..

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