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Value of Assets Seized in Searches Conducted by Income Tax Department Stood at Rs. 905.61 Crore in 2011-12

   09 May 2012 at 11:49

The Government has received a number of cases of information relating to remittances, payments and money held in foreign bank accounts etc. under the provisions of the DTAAs/TIEAs. Every reliable information, including information received from ou

Posted in Income Tax |   4827 Views


The online submission of ITR-1 (SAHAJ) for AY 2012-13 has been enabled

   08 May 2012 at 10:58

The online submission of ITR-1 (SAHAJ) for AY 2012-13 has been enabled

Posted in Income Tax  1 comments |   10908 Views


Opening Remarks by FM on Finance Bill 2012

   07 May 2012 at 17:28

Opening Remarks made by the Finance Minister Shri Pranab Mukherjee at the beginning of the Discussion on Finance Bill 2012 The text of the Opening Remarks made by the Union Finance Minister Shri Pranab Mukherjee at the beginning of the discussio

Posted in Income Tax |   5688 Views


Income -Tax (5th Amendment) Rules, 2012- Insertion of Rule F

   07 May 2012 at 10:08

NOTIFICATION NO. 16/2012 [F. NO. 149/72/2011-SO (TPL)] DATED 30-4-2012 In exercise of the powers conferred by clause (47) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby ma

Posted in Income Tax |   10149 Views


Advisory Group for International Taxation and Transfer Pricing Constituted

   03 May 2012 at 15:37

An Advisory Group for International Taxation and Transfer Pricing has been constituted by Central Board of Direct Taxes , Department of Revenue, Ministry of Finance. The Group would comprise of the following members:- i. Revenue Secretary to

Posted in Income Tax  1 comments |   7233 Views


Clarification on Vodafone Tax Issue

   02 May 2012 at 16:54

A news report has appeared in the Financial Express, Delhi edition, 27th April, 2012 captioned “I-T didn’t warn Vodafone of tax burden or dispute deal format”. In this regard, the Central Board of Direct Taxes (CBDT) has issued t

Posted in Income Tax  1 comments |   14610 Views


MCA mandates updating of Income Tax PAN for obtaining DIN

   02 May 2012 at 12:27

General Circular No: 32/2011 dated 31/05/2011, 66/2011 Dated 4/10/2011, 70/2011 dated 15.12.2011 and 04/2012 dated 09.03.2012, Ministry of Corporate Affairs has mandated providing Income-tax Permanent Account Number (Income-tax PAN) for obtaining

Posted in Income Tax  1 comments |   11514 Views


Recovery of Arrears of Tax Demand of the Income Tax Department

   28 April 2012 at 11:11

Recovery of IT The C&AG conducted performance audit of Recovery of Arrears of Tax Demand of the Income Tax Department and the report Number 23 of 2011-12 was laid on the table of the Lok Sabha/Rajya Sabha on 16-12-2011. In the report, the C&a

Posted in Income Tax  2 comments |   12372 Views


Filling up the post of Registrar in the Competition Appellate Tribunal purely on deputation basis

   20 April 2012 at 11:07

Filling up the post of Registrar in the Competition Appellate Tribunal purely on deputation basis

Posted in Income Tax |   5628 Views


Valediction Function of the 64th batch of IRS is to be held at NADT on 16th of April, 2012

   16 April 2012 at 12:19

National Academy of Direct Taxes, Nagpur is going to web cast a live VALEDICTION function of the 64th Batch of the Indian Revenue Services on Monday, 16th April, 2012 at 11:00 am at NADT Auditorium, Nagpur. Hon'ble Shri LAXMAN DAS, Chairman, C

Posted in Income Tax |   4122 Views