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Summary of Economic Survey 2009-10

   25 February 2010 at 12:47

Summary of Economic Survey 2009-10 Economic Survey 2009-10 The Economic Survey presented to Parliament today says that the economy has bounced back from the global economic slowdown and is on its way to the growth pathof 9 per c

Posted in Income Tax |   4575 Views


FM to table Eco Survey, Finance Comm report today

   25 February 2010 at 11:30

FM to table Eco Survey, Finance Comm report todayA day before unveiling the budget, Finance Min Pranab Mukherjee will table the Economic Survey in Parliament on Thursday which will take stock of the economy and also the impact of stimulus on industry

Posted in Income Tax |   2163 Views


Budget Expectations for a Rebounding Economy - challenges ahead

   24 February 2010 at 10:42

Budget Expectations for a Rebounding Economy - challenges aheadS. Sethuraman**There is a ground-swell of expect

Posted in Income Tax |   3459 Views


RBI releases Study on State Finances 2009-10

   22 February 2010 at 18:02

RBI releases Study on State Finances 2009-10The Reserve Bank of India (RBI) today released "State Finances: A Study of Budgets of 2009-10", a publication that provides data, analysis and assessment of finances of State governments.The State governmen

Posted in Income Tax |   4044 Views


Budget session of Parliament from Monday

   22 February 2010 at 12:09

Budget session of Parliament from Monday The Budget session of Parliament beginning Monday is expected to be a

Posted in Income Tax |   4029 Views


Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD and matter reg

   10 February 2010 at 16:38

Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD – mat

Posted in Income Tax |   4896 Views


IT Chief Commissioners discuss strategies for achieving revenue collection target

   05 February 2010 at 11:12

IT Chief Commissioners discuss strategies for achieving revenue collection targetThe Central Board of Direct Taxes (CBDT) convened a meeting of all cadre-Controlling Chief Commissioners of Income Tax here today to discuss strategies for achieving the

Posted in Income Tax |   3186 Views


Adjustment of Advance FBT with Advance Tax for AY 2010-11

   29 January 2010 at 14:36

Adjustment of Advance FBT with Advance Tax for AY 2010-11The Central Board of Direct Taxes have decided that any instalment of advance tax paid in respect of fringe benefits for assessment year (AY) 2010-11 shall be treated as advance income tax paid

Posted in Income Tax  1 comments |   15237 Views


CBDT to cross-verify all high value refunds this fiscal

   28 January 2010 at 11:35

CBDT to cross-verify all high value refunds this fiscal BANK ACCOUNTS, BENEFICIARIES AND SOME SCAMSTERS INVOLVED IN IT REFUND FRAUD IN MUMBAI IDENTIFIEDThe Central Board of Direct Taxes (CBDT) has stated that an officer in the Income Tax department,

Posted in Income Tax |   6999 Views


Date for filing ITR-V form extended

   28 January 2010 at 11:24

Date for filing ITR-V form extendedCentral Board of Direct Taxes has decided to extend the time limit for filing ITR-V form relating to income-tax returns filed electronically (without digital signature) on or after 1st April 2009, up to 31st March 2

Posted in Income Tax  5 comments |   12567 Views