Income Tax News


IDS declaration counter to remain open till midnight on 30th September

   28 September 2016 at 10:47

In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme - 2016 to remain functional till 12:00 midnight on 30th September, 2016. In order to facilitate the declarants who would like to file the d

Posted in Income Tax |   2886 Views


Certificates will be issued to individual taxpayers

   20 September 2016 at 10:49

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSub: Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building.The Government acknowledges the contrib

Posted in Income Tax  3 comments |   9438 Views


CBDT clarifies on taxpayers response to IDS 2016

   16 September 2016 at 10:49

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 15th September, 2016Sub: CBDT clarifies unconfirmed reports on IDS 2016 Certain sections of the press have been speculating on the taxpayer response to

Posted in Income Tax |   5148 Views


Govt reiterates information shared under IDS will not be shared with any authority

   16 September 2016 at 10:49

Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority. The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to

Posted in Income Tax |   2394 Views


Further instruction regarding Income Declaration Scheme

   16 September 2016 at 10:49

Instruction No. 8 of 2016F.No.142/8/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)***New Delhi, the 15th September, 2016To,All The Principal Chief Commissioners of Income-taxSub.: The Income Declara

Posted in Income Tax |   3708 Views


Direct Tax Dispute Resolution Scheme can be availed upto 31st Dec

   16 September 2016 at 10:31

Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from 1st June, 2016 and can be availed up to 31st December, 2016. The Scheme

Posted in Income Tax |   2913 Views


CBDT clarifies due date extension also applicable to Accounts audited under sec 44AB

   15 September 2016 at 10:52

F. No. 225/195/2016-ITA IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, New DelhiDated the 14th of September, 2016 Clarification req. u/s 119 of the Income-tax Act, 1961 dated 9th September 2016

Posted in Income Tax  2 comments |   8256 Views


Clarifications on the Direct Tax Dispute Resolution Scheme, 2016

   13 September 2016 at 11:07

F.No.142/11/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated: 12th September, 2016Clarifications on the Direct Tax Dispute Resolution Scheme, 2016The Direct Tax Dispute Resolution

Posted in Income Tax |   4089 Views


Direct and indirect tax collection increases by 15.03% and 27.5%

   13 September 2016 at 11:07

Direct Tax Collections up to August, 2016 show an Increase of 15.03% over the net collections for the corresponding period last year; Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year 2016-17 has been achieved. The f

Posted in Income Tax |   2679 Views


Due date for filing ITR extended to 17th Oct from 30th Sep

   09 September 2016 at 20:14

Due date for filing of Income tax returns by tax payers whose accounts are required to be audited under IT Act has been extended to 17th Oct F.No.225/195/2016-1TA-II Government of India Ministry of FinanceDepartment of RevenueCentral Board of Direct

Posted in Income Tax  23 comments |   26244 Views



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