Gross direct tax collection during April-January of the current fiscal was up by 14.57 percent at Rs.4,25,274 crore as against Rs.3,71,188 crore in the same period last fiscal. While gross collection of corporate taxes was up 11.87 percent (Rs.2,8
ORDER NO. 1/FT&TR/2012 [F.NO. 500/15/2011-FT&TR-I] DATED 31-1-2012 In exercise of powers conferred under section 144C of the Income-tax Act, 1961, and in supersession of earlier orders, the Board hereby constitutes the Dispute Resoluti
INSTRUCTION NO. 01/2012 [F.NO.225/34/2011-ITA.II] DATED 2-2-2012 The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considered by the Board. In order to clear backlog of returns, the following deci
The due date for submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012 or 120 days from the date of upload whichever is later.
QUICK HIGHLIGHTS OF E-FILING IN F.Y. 2011-12 (UPTO 31/12/2011) COMPARATIVE GROWTH OF E-FILING IN CURRENT YEAR
The Central Board of Direct Taxes has directed the Income Tax department to launch a special drive, from 20th January to 20th March 2012, for verifying high value transactions (investments / deposits / expenditure) from persons who are not assesse
NOTIFICATION NO. 3/2012 [F. NO. 142/27/2011-SO (TPL)] DATED 4-1-2012 In exercise of powers conferred by sub-section (1B) of section 143 of Income Tax Act, 1961 (43 of 1961), for the purpose of giving effect to the Centralised Processing of Ret
It has been reported in a section of the press that several captains of industry have complained to the government that taxmen are harassing industry by resorting to indiscriminate and increased raids. It is informed that unde
ICAI submits Pre-Budget Memorandum-2012 on Direct Taxes
Direct Taxes Regional Training Institute, Bangalore
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)