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Income Tax News


Non adversarial tax regime emphasised by CBDT

   08 November 2014 at 11:13

In its constant endeavour towards a non-adversarial tax regime, the Central Board of Direct Taxes (CBDT) has issued instruction dated 7th November, 2014 to its field offices. Emphasis has been laid on cleanliness in office, punctuality, timeliness in

Posted in Income Tax |   10362 Views


FM asks IT dept to focus on domestic black money

   31 October 2014 at 10:09

Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Departmen

Posted in Income Tax |   12984 Views


CBDT noticed 5,09,898 taxpayers have not filed ITR for AY 2014-15

   30 October 2014 at 16:40

CBDT has noticed that 5,09,898 taxpayers who have submitted an e-return for AY 2011-12 or 2012-13 or AY 2013-14 (Upto 20th October 2014) with returned Income of More than 10 Lakh or paid self assessment tax of more than / equal to one lakh (as per IT

Posted in Income Tax  1 comments |   25671 Views


New income tax dept website launched

   28 October 2014 at 16:21

New income tax dept website launched Detailed information has been attached herewith

Posted in Income Tax  3 comments |   35943 Views


CBI arrests deputy commissioner and inspector of income tax dept

   22 October 2014 at 10:46

The Central Bureau of Investigation has arrested a Deputy Commissioner and two Inspectors, all the three of Income tax Department in a bribery case. A case was registered against a Dy Commissioner of Income Tax, Karimanagar (Telangana) on the complai

Posted in Income Tax  15 comments |   31419 Views


ICAI invites suggestions on Income-tax Returns (ITRs) and other forms notified under Income-tax Rules, 1962

   22 October 2014 at 10:45

The Direct Taxes Committee of the ICAI is in the process of compiling suggestions on Income tax Return forms (ITRs) and other forms to be made applicable for Assessment year 2015-16. With regard to the same, suggestions are invited from the members.

Posted in Income Tax  1 comments |   14217 Views


Last date for filing TDS return extended in some states

   17 October 2014 at 13:10

Last date of filing of the TDS/TCS Statements for the 2nd Quarter of Financial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended In view of the recent natural calamities in

Posted in Income Tax  3 comments |   35685 Views


Clarification regarding allowability of deduction under section 10A/10AA

   10 October 2014 at 10:31

Circular 14/2014 : ​Clarification regarding allowability of deduction under section 10A/10AA on transfer of Technical Man-power in the case of software industry Detailed information has been attached herewith

Posted in Income Tax |   17970 Views


Direct Tax collection goes up by 15 percent

   08 October 2014 at 10:44

Gross Direct Taxes Collections during April-September of the Current Financial Year 2014-15 is up by 15.00 percent and stood at Rs. 3,46,144 crore as against Rs. 3,01,063 crore Collected during the same Period Last Year Gross Direct Taxes collections

Posted in Income Tax  1 comments |   14385 Views


Due date of TDS payment extended upto 10.10.2014

   03 October 2014 at 01:33

Due Date of Deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, 2014 extended from 7th October, 2014 to 10th October, 2014 Considering the consecutive holidays owing to the festive season and weekend during the f

Posted in Income Tax  17 comments |   38811 Views