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Direct taxes worth Rs 6.95 lac crore collected during 2014-15

   13 May 2015 at 10:32

Direct Taxes worth Rs. 6,95,988 Collected Druing 2014-15; Direct Taxes Contribute more than 56% to total Central Taxes During 2013-14 and 2014-15 The Revised Estimates and actual collections of Direct Taxes for the last three years are as under:

Posted in Income Tax  2 comments |   10356 Views


Income tax related public grievances

   13 May 2015 at 10:32

The Citizen’s Charter 2014 of Income Tax Department includes ‘Redressal of grievances’ within the specified timeline of 60 days, as one of the key taxpayer services provided by the Department. Redressal of grievances has been includ

Posted in Income Tax  3 comments |   9129 Views


Officers advised not to take coercive action against FII for recovery of MAT

   12 May 2015 at 10:25

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to

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FM statement for MAT on FIIS

   09 May 2015 at 11:35

Text of the Statement made by the Finance Minister in Rajya Sabha yesterday relating to MAT on FIIS A matter which has attracted considerable debate in the public space in recent weeks is the levy of Minimum Alternate Tax (MAT) on Foreign Institution

Posted in Income Tax |   8649 Views


IT dept receives PM award for excellence in public administration

   22 April 2015 at 10:35

Income Tax Department Awarded the Prime Ministers Award for Excellence in Public Administration for Easy Tax Compliance Through Quality Service The Income Tax Department has been awarded the Prime Ministers Award f

Posted in Income Tax  3 comments |   11268 Views


CBDT notifies ITR for AY 2015-16

   17 April 2015 at 13:51

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 15th day of April, 2015 Income-ta

Posted in Income Tax  1 comments |   21852 Views


IT dept lists defaulters of Taxes

   16 April 2015 at 10:29

IT dept lists defaulters of Taxes Please refer to the attached file for details

Posted in Income Tax |   20346 Views


Indirect tax collection exceeds by 4000 crore in 2014-15

   03 April 2015 at 10:41

Indirect Taxes Collections for the Financial Year (FY) 2014-15 Exceeds the Revised Estimates (RE) Target by Rs. 4,000 Crore; Total Collections as on 31.03.2015 Is Rs.5,46,479 Crore (Based on Provisional Report) as Against the RE Target of Rs.5,42 ,32

Posted in Income Tax  7 comments |   17073 Views


CBDT notifies Income Computation and Disclosure Standards

   03 April 2015 at 10:40

In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961, the CBDT has notified the income computation and disclosure standards. This notification shall come into force with effect from 1st day of Apr

Posted in Income Tax  1 comments |   23235 Views


Introduction of Black Money bill

   23 March 2015 at 10:34

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated: 20th March, 2015PRESS RELEASEINTRODUCTION OF THE UNDISCLOSED FOREIGN INCOME AND ASSETS(IMPOSITION OF TAX) BILL, 2015The Finance Minis

Posted in Income Tax  1 comments |   17346 Views