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Income Tax News


CBDT Issues Detailed Guidelines for Laying Down Standard Operating Procedure for Verification/Correction of Arrear Tax Demand

   21 April 2014 at 11:15

Detailed instructions have been issued by the Central Board of Direct Taxes (CBDT) to all the assessing officers laying down a Standard Operating Procedure (SOP) for verification and correction of demand by the AOs. As per this SOP, the taxpayers can

Posted in Income Tax  2 comments |   21747 Views


Suggestions from the Industry and Trade Associations for General Budget 2014-15 regarding changes in direct and indirect taxes

   18 April 2014 at 10:52

F.No.334/8/2014-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit***New Delhi, dated the 17th April, 2014 ToIndustry and Trade Associations Subject: Suggestions from the Industry and Trade Associations for General Bu

Posted in Income Tax  1 comments |   19668 Views


Refilling of forms for Departmental Examination - 2014

   04 April 2014 at 10:26

Refilling of forms for Departmental Examination – 2014

Posted in Income Tax  2 comments |   20724 Views


CBDT Signs the First Batch of five Advance Pricing Agreements

   01 April 2014 at 11:42

CBDT Signs the First Batch of Five (5) Unilateral Advance Pricing Agreements (APA); Agreements Cover a Period of Five (5) Years from AY 2014-15 to AY 2018-19 and Specify the Arm’s Length Price for the Covered International Transactions Entered

Posted in Income Tax  3 comments |   16389 Views


Significant changes in the proposed Direct Taxes Code, 2013

   01 April 2014 at 10:44

The Finance Minister, in his speech on Interim Budget 2014-15, made the following observation on Direct Taxes Code (DTC):-"Revenues are of paramount importance. The best source of revenue is taxes and for that we need modern tax laws. I am disap

Posted in Income Tax  2 comments |   27696 Views


Order Under Section 119 (1) of the Income Tax Act, 1961

   26 March 2014 at 11:22

Order Under Section 119 (1) of the Income Tax Act, 1961

Posted in Income Tax  4 comments |   32568 Views


Extension of date for receipt of ITR-Vs in CPC, Bengaluru for the cases of AY 2O12-13 and 2O13-14 received/e-filed in FY 2O12-13

   21 March 2014 at 12:05

There are many taxpayers who have uploaded their Income Tax Returns(without digital signature Certificate) for A.Y. 2OI,z-Lg [filed between1.4.2012 to 31.1O.2O131 and for A.Y. 2013-14 [filed between L.4.2OL3 to 31.1O.2O131, but have either not filed

Posted in Income Tax  1 comments |   30456 Views


Date of Payment of Final Installment of Advance Tax Extended from 15th March to 18th March 2014

   14 March 2014 at 17:39

The Final Installment of Advance tax for Financial Year 2013-14 is required to be paid on or before 15th March, 2014 by the tax payers who are liable to pay advance tax. These taxpayers can make payments in the designated branches of the authorized b

Posted in Income Tax  11 comments |   27108 Views


Empanelment of Standing Counsels for representing Service Law cases of the Income Tax Department

   12 March 2014 at 12:17

Empanelment of Standing Counsels for representing Service Law cases of the Income Tax Department

Posted in Income Tax |   20034 Views


Ex-post facto extension of due date for filing TDS/TCS statements for FYs 2012-13 and 2013-14 - regarding

   06 March 2014 at 10:43

Circular No. 07/2014F. No. 275/27/2013-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 4th March, 2014 All Chief Commissioners of Income-taxAll Directors General of Income-tax Sub: Ex-post f

Posted in Income Tax  6 comments |   39666 Views