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Gross Direct Tax Collections during the First Quarter of Current Fiscal (April-June, 2011)

   08 July 2011 at 10:13

Gross Direct Tax Collections during the First Quarter of Current Fiscal (April-June,2011) up by 23.91 percent ; Rise to Rs.1,04,136 Crore as against Rs 84,041 Crore during the Same Period in Last Fiscal Gross direct tax collections during the fi

Posted in Income Tax |   3537 Views


Firm or individual/HUF required to file ITR-5 or ITR-4 electronically using digital signature covered under section 44AB

   02 July 2011 at 11:00

Income-tax (Sixth Amendment) Rules, 2011- Amendment in Rule 12 NOTIFICATION NO. 37/2011 [F. NO. 149/68/2011-SO (TPL)] DATED 1-7-2011 In exercise of the powers conferred by section 295, read with section 139 of the Income-tax Act, 1961 (43 of

Posted in Income Tax  8 comments |   15321 Views


Constitution of New Dispute Resolution Panel (DRP) at Delhi in Partial Modification of Order No 4/FT&TR/2011

   28 June 2011 at 16:23

Constitution of New Dispute Resolution Panel (DRP) at Delhi in Partial Modification of Order No 4/FT&TR/2011, Dated 23-5-2011 u/s 144C of the IT Act, 1961 ORDER NO. 5/FT&TR/2011 [F.NO. 500/15/2011-FTD-1] DATED 27-6-2011 In parti

Posted in Income Tax |   5520 Views


Tender for CPC (TDS)

   28 June 2011 at 15:16

Income Tax Department invites response to the RFP floated for selection of MSP for setting up, operating and maintenance of CPC (TDS) for processing of TDS statements. Overview of scope of work for Managed Service Provider (MSP) The following o

Posted in Income Tax |   22479 Views


Corporates and banks mandated to issue Form 16A downloaded from TIN central system

   28 June 2011 at 11:42

GOVERNMENT OF INDIA INCOME TAX DEPARTMENT, MINISTRY OF FINANCE Form 16A Deductee Taxpayer It is mandatory* for corporates and banks to issue TDS certificate in Form 16A as generated from Tax Information Network of Income Tax

Posted in Income Tax |   126162 Views


India Signs Protocol Amending DTAA with Singapore; to help in Effective Exchange of Information in Tax Matters

   24 June 2011 at 17:59

The Government of India signed a Protocol, amending Double Taxation Avoidance Agreement (DTAA) with Government of Singapore for effective exchange of information in tax matters today. The Protocol was signed by Shri Prakash Chandra, Chairman, Cent

Posted in Income Tax |   7077 Views


Laws to curb generation of black-money, its illegal transfer abroad and recovery

   24 June 2011 at 10:21

OFFICE MEMORANDUM [NO. 291/15/2011-IT (INV.I)] DATED 27-5-2011 It has been decided with the approval of competent authority to constitute a Committee to examine ways to strengthen laws to curb the generation of black-money in India, its ille

Posted in Income Tax |   5106 Views


eTutorial - Form 16A

   24 June 2011 at 10:18

eTutorial - Form 16A

Posted in Income Tax  1 comments |   15153 Views


Cost Inflation Index for Financial Year 2011-12 is 785

   24 June 2011 at 09:37

NOTIFICATION NO. 35/2011 [F. NO. 142/5/2011-TPL] DATED 23-6-2011 In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following ame

Posted in Income Tax |   6927 Views


Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing ITR for AY 2011-12

   23 June 2011 at 17:03

Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing Income Tax Return for Assessment Year 2011-12 The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from

Posted in Income Tax  13 comments |   17130 Views