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Centralised Processing centre for IT return in Bangalore

   25 July 2009 at 10:48

IT Return Processing CentresThe Government proposes to set up a Centralised Processing Centre (CPC) during 2009-10 only at Bengaluru, for processing of all Income-tax returns received in the State of Karnataka and for processing of all e-returns rece

Posted in Income Tax  10 comments |   11538 Views


UTN expected to be operational from 1st Jan 2010

   25 July 2009 at 10:43

Unique Transaction NumberThe Government has decided to make it compulsory to quote Unique Transaction Number (UTN) in the Income-tax return forms to be filed by all the assessees to whom such number has been allocated by the Income-tax Department. S

Posted in Income Tax  7 comments |   6837 Views


Net direct tax collections register 3.65% growth

   23 July 2009 at 10:48

Net direct tax collections register 3.65% increase in the first QuarterNet direct tax collections during first three months of the present fiscal (up to June 2009) stood at Rs.59,465 crore, up from Rs.57,373 crore in the same period last fiscal, regi

Posted in Income Tax |   3564 Views


Return can be filed without UTN new TDS rule postponed

   30 June 2009 at 23:39

CBDT has issued a Press Release in which it has been stated that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being

Posted in Income Tax  7 comments |   13386 Views


Senior Citizens Savings Scheme, 2004 - Acceptance of Form 15G

   08 June 2009 at 12:12

Senior Citizens Savings Scheme, 2004 - Acceptance of Form 15-G from the Nominees Circular Ref. No. DGBA.CDD.H-10566/15.15.001/2008-09 Dated 5-6-2009 As you are aware, investors under Senior Citizens Savings Scheme, 2004 (SCSS) are elig

Posted in Income Tax  4 comments |   14487 Views


Efiling for ITR 1 to 4 forms enabled

   03 June 2009 at 23:13

E-Filing for AY 2009-10 has been enabled for ITR-1, ITR-2, ITR-3, ITR-4 forms. Efiling for ITR-5, ITR-6, ITR-8 forms will be enabled shortly.Please furnish the Form ITR-V to the Income-tax Department by mailing it to Income Tax Department , CPC, Post

Posted in Income Tax  5 comments |   19209 Views


New Changes for efiling of IT Return for AY 2009-10

   03 June 2009 at 23:10

New Changes for efiling of Income-tax Return for AY 2009-101. New Users can register their Digital Certificate during registration process2. During Registration and Forgot Password, Captcha Image needs to be entered by the user for verification. If t

Posted in Income Tax  8 comments |   25929 Views


Matters connected to new Return Forms

   22 May 2009 at 12:51

NEW RETURN FORMS FOR ASSESSMENT YEAR 2009-10 MATTERS CONNECTED THERETO CIRCULAR NO. 03 / 2009 DATED21-5-2009  The Central Board of Direct Taxes have, vide notification S.O. No.866 (E) dated 27th, March, notified the following new

Posted in Income Tax  3 comments |   17430 Views


Circular clarifying the new provisions related to TDS and TCS payment

   21 May 2009 at 16:49

New TDS and TCS payment and information reporting system - Notification No. 858(E), dated 25th March, 2009 published in Official Gazette  Circulars No. 02/2009 Dated 21-5-2009  The Finance Act, 2008 inserted a new sub-sectio

Posted in Income Tax  8 comments |   632658 Views


New TDS notification postponed to 1st July - Press release

   12 May 2009 at 11:05

No.402/92/2006-MC (11 of 2009)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPRESS RELEASEThe Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 a

Posted in Income Tax  9 comments |   32181 Views