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Tax Deductors Who Default In Depositing TDS by Due Date Shall be Liable for Prosecution: CBDT

   06 August 2013 at 14:51

It has come to the notice of Income Tax Department that many times the tax deductors, after deducting TDS from specified payments, are deliberately not depositing the taxes so deducted in Government account and continue to deploy the funds so retain

Posted in Income Tax  6 comments |   19920 Views


Special Arrangements for Receipts of Returns during 1ST to 5TH August 2013 Including on Saturday and Sunday (3RD and 4TH August 2013)

   03 August 2013 at 13:39

As a measure of taxpayer convenience, Central Board of Direct Taxes (CBDT) has extended the ‘due date’ for filing Returns of Income for A.Y. 2013-14 by Individuals, HUFs and non-auditable cases from 31st July, 2013 to 5th August, 2013.

Posted in Income Tax  1 comments |   8334 Views


Income Tax Returns Date Extended to 5th August 2013

   31 July 2013 at 15:23

As a Measure of Taxpayers Convenience, Last Date of Filing of Returns Extended to 5th August, 2013 There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 whic

Posted in Income Tax  5 comments |   12873 Views


Overwhelming Response for e-filing from Every Corner of the Country

   31 July 2013 at 12:53

Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year; Record Peak of more than 85,000 Returns Per H

Posted in Income Tax  8 comments |   8721 Views


Due Date for Filing the returns of Income extended for the state of Uttarakhand by 31st July, 2013 to 31st October, 2013

   25 July 2013 at 10:36

Due Date for Filing the returns of Income extended for the state of Uttarakhand by 31st July, 2013 to 31st October, 2013

Posted in Income Tax  4 comments |   15951 Views


Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh

   23 July 2013 at 10:06

The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees. The CBDT vide its earlier notifications had exempted salaried e

Posted in Income Tax  1 comments |   20043 Views


Guidelines for weighted deduction u/s 35ccd

   19 July 2013 at 13:11

To Promote Skill Development Direct Taxes Incentives Given; Guidelines for Weighted Deduction @ 150% of the Expenditure Incurred on skill Development Under Section 35ccd of the Income-Tax Act, 1961 Issued The National Manufacturing Policy (NMP)

Posted in Income Tax  2 comments |   18711 Views


FM Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes

   16 July 2013 at 17:05

Union Finance Minister, Shri P. Chidambaram to inaugurate conference of Chief Commissioners/Directors General of Indirect Taxes. To deliberate on steps for revenue mobilisation & tax administration reforms. The All I

Posted in Income Tax |   9138 Views


Corrigendum for Implementation of the approved Restructuring of the Income Tax Department

   16 July 2013 at 12:24

Corrigendum for Implementation of the approved Restructuring of the Income Tax Department. For full news find the attached file.

Posted in Income Tax  1 comments |   7746 Views


CBDTs Instruction No. 5/2013 [F.No.275/03/2013-IT(B)], dated 8.07.2013

   15 July 2013 at 12:29

1. The CBDT issues instructions with respect to processing of Income-tax returns and giving credit for TDS thereon in the case of TDS mismatch. A few of the instructions on this subject issued in previous years are Instruction No. 1/2010 (25-2-2010)

Posted in Income Tax  1 comments |   17025 Views