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Income Tax News


Interim Budget 2014-2015 -Speech of P. Chidambaram

   17 February 2014 at 12:56

Interim Budget 2014-2015 Speech ofP. ChidambaramMinister of Finance February 17, 2014 Madam Speaker,INTRODUCTION I rise to present the Interim Budget for 2014-15. The Current Economic Situation2. As I prepared to write this spe

Posted in Income Tax  3 comments |   29454 Views


Non-Filing of ITR-V in returns with refund claims-relaxtion of time-limit for filing ITR-V and processing of such returns -regarding

   11 February 2014 at 17:19

Non-Filing of ITR-V in returns with refund claims-relaxtion of time-limit for filing ITR-V and processing of such returns –regarding Circular no 04/2014 Dated 10th february 2014

Posted in Income Tax |   31038 Views


Government's Clarification on the Reports that Finance Ministry Pays interest on Excess Tax Refund

   10 February 2014 at 11:23

This is with reference to the news report appearing in certain section of media that the Finance Ministry pays Rs.37, 365 cr. in interest on excess tax refund and similar reports. The emphasis of these reports is that huge interest was paid by the Go

Posted in Income Tax  1 comments |   21759 Views


Modification in Departmental Examination Rules for Income Tax inspectors

   01 February 2014 at 15:40

Modification in Departmental Examination Rules for Income Tax inspectors

Posted in Income Tax  1 comments |   39678 Views


Change in procedure for PAN allotment postponed

   30 January 2014 at 18:44

Government Decides to Keep in Abeyance the Decision to Change the Procedure for Pan Allotment till Further orders The Central Board of Direct Taxes (CBDT) has decided to keep in abeyance the decision to change the procedure for PAN allotment till fur

Posted in Income Tax  13 comments |   34365 Views


ICAI seeks inputs on Tax Administrative issues

   30 January 2014 at 11:31

ICAI seeks inputs on Tax Administrative issues

Posted in Income Tax  3 comments |   19887 Views


Circular to update the vacancy for the post of Ombudsman

   29 January 2014 at 15:10

Circular to update the vacancy for the post of Ombudsman For circular please find the attachment

Posted in Income Tax  1 comments |   23748 Views


CBDT releases Explanatory Notes to the Provisions of the Finance Act, 2013

   28 January 2014 at 19:15

CIRCULAR NO.03/2014F. No. 142/24/2013-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*******Dated, the 24th January, 2014 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2013

Posted in Income Tax  4 comments |   26961 Views


Withdrawal of Tax-Exemption in Case of Four Cricket Associations

   10 January 2014 at 12:08

The Income Tax authorities have looked into the affairs of the four cricket associations, namely Saurastra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharastra Cricket Association and have found that these cricke

Posted in Income Tax  15 comments |   27516 Views


Gross Direct tax collection up by 12.33%

   07 January 2014 at 10:52

Gross direct tax collections during april-december of the current financial year 2013-14 is up by 12.33 percent and stood at rs. 4,81,914 crore as against rs. 4,29,023 crore in the same period last year Gross direct tax collections during April-Decem

Posted in Income Tax  4 comments |   12999 Views