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Direct Tax Collection Figures for April-September 2011

   08 October 2011 at 11:21

Gross direct tax collection during the first half of the current fiscal (April-September 2011) was up by 23 percent at Rs 257,042 crore as against Rs 208,971 crore in the same period last fiscal. While gross collection of corporate taxes was up 23

Posted in Income Tax |   5370 Views


Due Date of Filing of Returns of Income for Assessment Year 2011-12 Extended in Sikkim

   05 October 2011 at 21:07

On consideration of the reports of disturbance of general life caused due to earthquake in the State of Sikkim, the Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income Tax Act, 1961, has extended the

Posted in Income Tax |   21726 Views


Filing of e-return by Legal Heir (LH) using DSC: Revised Process

   30 September 2011 at 18:20

This is regarding cases where the assessee has expired but a return has to be filed by LH using his DSC. Following process is suggested in above regard : The legal heir (LR) has to get a DSC in his own name. LH is required to make a request by

Posted in Income Tax  2 comments |   9843 Views


IRCS to Get benefits under Income Tax Act

   27 September 2011 at 17:08

The Union Health Minister and Chairman of Indian Red Cross Society and St John Ambulance (India), Shri Ghulam Nabi Azad today presided over the General Body meeting of the two organizations on behalf of the President of India Smt. Pratibha Devisingh

Posted in Income Tax |   6978 Views


During April - August 2011, Gross Direct Tax Collections up by 25.89 Percent

   09 September 2011 at 12:21

Gross direct tax collections during the first five months of the current fiscal (April - August 2011) were up by 25.89 percent at Rs.154,360 crore as against Rs.122,618 crore in the same period last fiscal. While gross collection of corporate taxe

Posted in Income Tax  1 comments |   3981 Views


To Achieve the Target of Direct Tax Revenue Collections of Rs.8.3 Lakh Crore and Direct Tax to GDP Ratio at 7.62 % by 2014-15, CBDT to Continuously Evolve Processes

   08 September 2011 at 11:23

To Achieve the Target of Direct Tax Revenue Collections of Rs.8.3 Lakh Crore and Direct Tax to GDP Ratio at 7.62 % by 2014-15, CBDT to Continuously Evolve Processes, Procedures Innovative Ways of Taxation Especially Related to Cross Border Taxatio

Posted in Income Tax  1 comments |   4623 Views


Due date for submission of ITR-V extended

   08 September 2011 at 10:03

The due date for submission of ITR-V for A.Y. 2010-11 has been extended upto 31.10.2011 or 120 days from the date of upload whichever is later.

Posted in Income Tax  3 comments |   9570 Views


CBDT has issued instructions handling over of charge

   07 September 2011 at 11:52

CBDT has issued instructions handling over of charge

Posted in Income Tax |   3141 Views


Procedure for regulating refund of excess amount of TDS deducted and/or paid - Modification of Circular No. 2/2011, dated 27-4-2011

   26 August 2011 at 22:46

CIRCULAR NO. 6/2011 DATED 24-8-2011 In partial modification of Circular No. 2/2011, dated 27-4-2011, the following words are added at the end of paragraph 4.2 of the said circular. "However, the refund claims pertaining to the period upto

Posted in Income Tax  2 comments |   7272 Views


Income-tax deduction from salaries during the financial year 2011-2012 under section 192

   23 August 2011 at 15:43

CIRCULAR NO 05/2011 Dated: August 16, 2011 Reference is invited to Circular No.08/2010 dated 13.12.2010 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section 192

Posted in Income Tax  1 comments |   132519 Views