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Compulsory manual selection of cases for scrutiny during the F.Yr. 2013-14

   20 September 2013 at 16:58

Compulsory manual selection of cases for scrutiny during the F.Yr. 2013-14 Instruction No 13/2013 Dated : 20th Sep 2013

Posted in Income Tax |   54612 Views


Sailent features of Safe harbour rules

   20 September 2013 at 11:49

[TOBE PUBLSIHEDINTHEGAZETTEOF INDIA EXTRAORDINARY, PART II, SECTION3, SUB‐SECTION(ii)] GOVERNMENTOF INDIA MINISTRYOF FINANCE DEPARTMENTOF REVENUE [CENTRAL BOARDOFDIRECT TAXES] Notification New Delhi, the 18th September, 2013 INCOME – TAX S

Posted in Income Tax  1 comments |   16905 Views


Net Direct Tax Collections for 2013-14, up to 17th September 2013 Shows A Growth of 12.5% and Stood At Rs. 2,38,325 Crore as against Rs. 2,11,641 Crore in the Same Period Last Year

   19 September 2013 at 11:15

Net direct tax collections for the current F.Y. 2013-14, up to 17th September 2013, stood at Rs. 2,38,325 crore as against Rs. 2,11,641 crore in the same period last year showing a growth of 12.5%. Corporate tax collections are Rs. 1,46,610 crore as

Posted in Income Tax  1 comments |   7482 Views


CBDT Extended Date for Filing of Applications by Electoral Trusts upto 30th November, 2013

   17 September 2013 at 18:34

The Central Board of Direct Taxes (CBDT) has permitted Electoral Trusts to file their applications upto 30th November, 2013 in respect of Assessment Year 2014-15 for approval under clause (22AAA) of Section 2 of the Income-tax Act, 1961 (read with P

Posted in Income Tax  2 comments |   10368 Views


Opening of the Bank Branches for accepting the advance tax challans for Income Tax and Corporate Tax on September 14 & 15, 2013

   14 September 2013 at 12:57

RBI/2013-2014/253 DGBA.GAD.No.H – 1739/42.01.029/2013-14 September 13, 2013 The Chairman & Managing Director/The Chief Executive Officer All Agency Banks Dear Sir/Madam, Opening of the Bank Branches for accepting the advance tax ch

Posted in Income Tax |   57975 Views


Record Management System at CPC, Bengaluru Receives ISO 15489-1:2000 Certification; Becomes First Organization in India and the World to Receive Such Certification

   14 September 2013 at 12:21

Centralized Processing Center (CPC), Bengaluru, the flagship project of Income Tax Department with M/s.Infosys Limited as the Managed Service Provider, was awarded “ISO 15489-1: 2001” certificate by British Standards Institution (BSI). W

Posted in Income Tax  2 comments |   49716 Views


Income Tax Department Sends Letters to Another Batch of 35,000 Non-Filers to File Returns and Pay Taxes Thereon; Letters Issued in 2,45,000 Cases So Far

   14 September 2013 at 12:21

As part of a massive exercise to identify high risk non-filers of Income Tax returns and ask them to file returns and pay taxes thereon, the Income Tax Department has sent letters to another batch of 35,000 non-filers this week. These persons were p

Posted in Income Tax  6 comments |   64170 Views


Income Tax Surveys at Jaipur Result in Detection of Undisclosed Income of Rs. 118 Crore

   07 September 2013 at 13:21

A Survey action was conducted by the Income Tax Department at Jaipur on 03.09.2013 in the case of a leading Builder and Developer of Jaipur which resulted in the detection of the additional income of Rs. 95.14 crores. The assessee not only admitted

Posted in Income Tax  4 comments |   61746 Views


Direct Tax Collections for August Quarter up by 14.43% and Stood at Rs. 1,88,193 Crore as Against Rs. 1,64,463 Crore in the Same Period Last Year

   06 September 2013 at 12:14

Gross direct tax collections during April-August of the Financial Year 2013-14 is up by 14.43 percent at Rs.1,88,193 crore as against Rs. 1,64,463 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of

Posted in Income Tax  5 comments |   45222 Views


Tax Evasion by Foreign Companies

   31 August 2013 at 13:36

Data on dollars transferred abroad by foreign companies in India is not centrally maintained by the government. However, with a view to prevent shifting of profits out of India and consequent erosion of the Indian tax base, selected international t

Posted in Income Tax  4 comments |   11580 Views