Constitution of DRPs in eight cities notifiedCentral Board of Direct Taxes has notified rules to regulate the procedure of the Dispute Resolution Panel (DRP) constituted under section 144C of the Income Tax Act, 1961 inserted by the Finance Act 2009.
Income-tax (Dispute Resolution Panel) Rules, 2009 Notification No. 84/2009[S.O. 2958(E)/F.No. 142/22/2009-TPL]Dated 20-11-2009In exercise of the powers conferred by sub-section (14) of section 144C of the Income-tax Act, 1961 (43 of 1961), the Centra
The Income Tax Department, assisted by the Enforcement Directorate, has conducted searches and seizure operation recently in various States of the country. Various lockers, bank accounts and premises are under propitiatory orders as per the provision
Direct tax collection risesNet direct tax collections during the first seven months of the present fiscal (upto October 2009) stood at Rs 1,73,447 crore, up from Rs 1,66,905 crore in the same period last fiscal, registering a growth of 3.92 percent,
Government discussing suggestions of stakeholders to modify Direct Tax Code: FM AREAS OF CONCERN IDENTIFIED FINANCE MINISTER ADDRESSES PARLIAMENTARY CONSULTATIVE COMMITTEE OF FINANCE MINISTRYGovernment would make all efforts to meet the aspiration
Income Tax Department issues notice to VodafoneThe Income Tax department has issued a detailed notice today (comprising 531 pages along with annexure running into 1901 pages) under section 201(1) and 201(1A) of the IT Act 1961 to Vodafone Internation
Taxpayers can now view details of paid refund in their Annual Tax Statement (Form 26AS)Taxpayers who have registered to view Form 26AS online can view details of paid refund in their Form 26AS from F.Y. 2009-10 (A.Y. 2010-11) onwards. Refunds receive
The government plans to implement the Direct Taxes Code (DTC) from 2011-12 after addressing all concerns relating to controversial proposals like taxation of retirement benefits, weeding out incentives for housing sector and changes in the Minimum Al
Critical areas on DTC for detailed examination identified: FMFinance Minister has announced that the Government has identified seven critical areas on the Direct Taxes Code for further detailed examination. At an interactive session with representati
No mails for refunds issued from income tax departmentInformation has been received from several quarters that people are receiving electronic mails informing them of their income-tax refunds and seeking their credit card details. The e-mail is sent
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