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Rejection of TDS/TCS statements - Common errors and course of action

   29 December 2010 at 11:41

Rejection of TDS/TCS statements Common errors and course of action a. What is course of action in case a regular statement is rejected? A. Please refer to Course of action regular rejection for the common causes for rejection of

Posted in Income Tax  4 comments |   22599 Views


List of Notified Industrial Parks, CBDT

   15 December 2010 at 11:43

List of Notified Industrial Parks, CBDT

Posted in Income Tax |   5724 Views


CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases

   15 December 2010 at 10:17

CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases The Central Board of Direct Taxes (CBDT) has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acqui

Posted in Income Tax |   4920 Views


Processing of ITR-I and ITR-2 returns - credit for tax deducted at source for A.Y. 2009-10 - clarification regarding

   14 December 2010 at 12:09

Processing of ITR-I and ITR-2 returns – credit for tax deducted at source for A.Y. 2009-10 – clarification regarding. INSTRUCTION NO. 9/2010 [F. NO. 225/25/2010/IT (A-II)] DATED 9-12-2010 1. Reference may be made to Board’s

Posted in Income Tax |   7242 Views


Parameters for processing of E-TDS Returns - issuance of instruction - regarding

   14 December 2010 at 12:08

Parameters for processing of E-TDS Returns – issuance of instruction – regarding INSTRUCTION NO. 8/2010 [F.NO. 275/73/2009-IT(B)] DATED 8-12-2010 In the present system of processing of e-TDS returns, the returns are processed onl

Posted in Income Tax |   6993 Views


CPC Bangalore commences issue of refunds for AY 2010-11 returns

   13 December 2010 at 12:08

CPC commences issue of refunds for AY 2010-11 returns. Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. Till 10/12/2010 it has processed over 15 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4 an

Posted in Income Tax  6 comments |   9762 Views


CPC Bangalore - New facility for online submission

   07 December 2010 at 11:53

Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectificat

Posted in Income Tax  5 comments |   22320 Views


IT Department is releasing 3 new services on the e-filing website

   29 November 2010 at 12:03

Income Tax Department is releasing 3 new services on the e-filing website Income Tax Department is releasing 3 new services on the e-filing website. These are available from the 'Services' menu on the Menu Bar on top. The services are av

Posted in Income Tax  4 comments |   22329 Views


I-T dept introduces new number for taxpayers for tax filing

   29 November 2010 at 11:35

I-T dept introduces new number for taxpayers for tax filing Taxpayers will now have to procure a 'new number' for filing returns and making any communication with the Income Tax department. The unique Document identification number (D

Posted in Income Tax  15 comments |   16476 Views


Income-tax (Eighth Amendment) Rules, 2010 - Amendment in Rule 2BB

   25 November 2010 at 11:24

Income-tax (Eighth Amendment) Rules, 2010 - Amendment in Rule 2BB NOTIFICATION NO. 85/2010 [F. NO. 149/45/2010-SO (TPL)] DATED 22-11-2010 In exercise of the powers conferred by section 295 read with clause (14) of section 10 of the Income-

Posted in Income Tax  4 comments |   26220 Views