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Supplementary Memorandum Explaining the Official Amendments moved in the Finance Bill, 2012 as reflected in the Finance Act, 2012

   13 June 2012 at 17:16

CIRCULAR NO. 3/2012, DATED 12-6-2012 FINANCE ACT, 2012 - PROVISIONS RELATING TO DIRECT TAXES The Finance Bill, 2012 was introduced in Parliament on 16-3-2012. Certain official amendments have been carried out during the passage of the Bill in Pa

Posted in Income Tax |   9531 Views


FM Speech at 28th Annual Conference of the Chief Commissioners and Director Generals of Income Tax yesterday

   12 June 2012 at 11:13

Please find below the text of the Speech of the Union Finance Minister Shri Pranab Mukherjee delivered at the 28th Annual Conference of Chief Commissioners and Director Generals of Income Tax at Vigyan Bhawan here today: “I am very happy to

Posted in Income Tax  1 comments |   5439 Views


Direct Tax Collections During FY 2011-12 Up by 13.02 Percent at Rs. 5,90,077 Crore as Against Rs 5,22,104 Crore During Financial Year 2010-11

   07 June 2012 at 16:05

Direct Tax Collections During Financial Year 2011-12 Up by 13.02 Percent at Rs. 5,90,077 Crore as Against Rs 5,22,104 Crore During Financial Year 2010-11 Gross direct tax collections during April-March of the F.Y. 2011-12 was up by 13.02 percent

Posted in Income Tax  3 comments |   8325 Views


Clarification Regarding Reopening of Completed Assessments on Accounts of Clarificatory Amendments Introduced by Finance Act, 2012

   01 June 2012 at 11:37

The Finance Act, 2012 has introduced certain clarificatory amendments in section 2 clause (14), Section 2 clause (47), Section 9 and Section 195, of the Income Tax Act, 1961 ("Act"), with retrospective effect from 01.04.1962 or 01.04.197

Posted in Income Tax |   7533 Views


Pranab Mukherjee Issues clarification on Retrospective Amendment and Transfer Pricing

   30 May 2012 at 15:43

Statement of Union Finance Minister, Shri Pranab Mukherjee Regarding Issues of Retrospective Amendment and Transfer Pricing On the issue of retrospective amendment, Union Finance Minister, Shri Pranab Mukherjee has said that he had given a commi

Posted in Income Tax |   12096 Views


Biggest IT dept in India to be inaugurated by FM today

   30 May 2012 at 10:33

Union Finance Minister, Shri Pranab Mukherjee will inaugurate the biggest office building of the Income tax Department in India tomorrow. The building will house the offices of salary charges, non-corporate charges, International Taxation, Exempti

Posted in Income Tax  1 comments |   11529 Views


Income-tax (6th Amendment) Rules, 2012 -Insertion of Rule 10AB

   28 May 2012 at 11:36

NOTIFICATION NO. 18/2012 [F. NO. 142/5/2012-TPL] DATED 23-5-2012 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend t

Posted in Income Tax |   23928 Views


Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011

   24 May 2012 at 12:18

CIRCULAR NO. 02/2012 [F. NO.142/01/2012-SO(TPL)], DATED 22-5-2012 Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011 Amendments at a Glance Section/Schedule Particulars/Paragraph number

Posted in Income Tax  1 comments |   12867 Views


Results Framework Document (RFD) for the financial year 2012-13

   24 May 2012 at 12:16

The Income Tax Department, Results Framework Document (RFD) for the financial year 2012-13 duly approved by the Finance Minister.

Posted in Income Tax |   7887 Views


Upgraded Official Email System of the Income Tax Department

   24 May 2012 at 12:16

Upgraded Official Email System of the Income Tax Department

Posted in Income Tax |   10812 Views