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Submission of Suggestions on the Revised Discussion Paper [RDP] on the Direct Taxes Code [DTC] by the Direct Taxes Committee

   08 July 2010 at 11:31

Submission of Suggestions on the Revised Discussion Paper [RDP] on the Direct Taxes Code [DTC] by the Direct Taxes Committee The Direct Taxes Committee of the Institute has submitted its Suggestions on the Revised Discussion Paper [RDP] on the Dir

Posted in Income Tax |   4314 Views


Direct Tax Collections Increase 15.49% during First Quarter- Corporate Taxes Register a Growth of 21.65%

   06 July 2010 at 17:38

Direct Tax Collections Increase 15.49% during First Quarter- Corporate Taxes Register a Growth of 21.65% Net direct tax collections during first quarter of the present fiscal (up to June 2010) stood at Rs.68,675 crore, up from Rs.59,465 crore in t

Posted in Income Tax |   3075 Views


New features launched by income tax dept for efiling

   23 June 2010 at 12:52

New features launched by income tax dept for efiling 1. The Department has modified the return preparation software to include automatic calculation of tax and interest and this is available for download free of cost. 2. New facility added in &quo

Posted in Income Tax  5 comments |   15561 Views


New tax slabs after receiving inputs from people, says Pranab

   18 June 2010 at 17:36

New tax slabs after receiving inputs from people, says Pranab Finance Minister Pranab Mukherjee on Friday said the government will take a view on new tax slabs after receiving inputs from different stakeholders on the revised draft of the Direct

Posted in Income Tax  12 comments |   17256 Views


Suggestions of members invited on the Revised Discussion Paper on the Direct Taxes Code

   18 June 2010 at 13:55

Suggestions of members invited on the Revised Discussion Paper on the Direct Taxes Code As you are kindly aware that the revised discussion paper on the Direct Taxes Code has been released on 15th June, 2010. The Government has invited suggestions

Posted in Income Tax  3 comments |   4980 Views


FM Says DTC will be in Operation as per schedule with effect from 1ST April 201

   17 June 2010 at 10:34

FM Calls for High Inclusive Growth to Generate more Jobs, Wealth and Easy availability and Accessibility of Food for Common Man FM Asks Industry Chambers to Impress Upon Policy Makers of their respective Regions to have early convergence of views

Posted in Income Tax  8 comments |   10461 Views


FM states tax collection have trebled from 2004-05

   17 June 2010 at 10:32

FM asks Income tax Officials to ensure Stoppage of tax evasion so that money collected could be used for betterment of the underprivileged and development of Society FM States that tax Collection have trebled from Rs.132771 Crore in 2004-5 to Rs.

Posted in Income Tax |   3858 Views


CBDT releases revised discussion paper on the Draft Direct Taxes Code

   16 June 2010 at 10:44

CBDT releases revised discussion paper on the Draft Direct Taxes CodeThe draft DTC along with the Discussion Paper was released in August, 2009 for public comments. The response from various stakeholders has been overwhelming and a number of valuabl

Posted in Income Tax  2 comments |   10404 Views


Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

   12 June 2010 at 10:54

Exemption from Tax for Gratuity Payments Enhanced from Rs. 3.5 Lakh to Rs. 10 Lakh

Posted in Income Tax  17 comments |   20367 Views


E-filing for ITR 1- SARAL II, ITR-2 , ITR-3 and ITR-4 has commenced

   10 June 2010 at 12:06

E-filing for ITR 1- SARAL II, ITR-2 , ITR-3 and ITR-4 has commenced. Please E-file your AY 2010-11 returns now

Posted in Income Tax  8 comments |   28965 Views