Income Tax News

Guidelines for Compounding of Offences under Direct Tax Laws, 2014

14 January 2015 at 10:47

Guidelines for Compounding- FNo285-35-2013-IT-Inv-V-108 Annexure-1Guidelines for Compounding- FNo285-35-2013-IT-Inv-V-108 Annexure-2-3 and AGuidelines for Compounding- Letter 17396 dt 6-1-15Guidelines for Compounding- Letter FNo. 285-35-2013-109 Deta

Posted in Income Tax | 13425 Views

No processing of return for refund if case is selected for scrutiny

14 January 2015 at 10:47

Clarification regarding applicability of section 143(1D) of the Income-tax Act, 1961 Detailed information has been attached herewith

Posted in Income Tax | 17112 Views

Income-tax (Dispute Resolution Panel) (First Amendment) Rules, 2014 - Amendment in rule 3

13 January 2015 at 18:05

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 31st December, 2014INCOME-TAXS.O. 3324(E).In exercise of the powers conferred by sub-section (14) of Section 144C of the Income-tax Act, 1961(4

Posted in Income Tax | 13935 Views

New draft of twelve Income computation and Disclosure standards

10 January 2015 at 11:09

New Draft of Twelve Income Computation and Disclosure Standards (ICDS) has been Uploaded on the Finance Ministry and Income-Tax Department Website for Seeking Comments from Stakeholders and General Public by 8th February, 2015 Sub- se

Posted in Income Tax | 18162 Views

Action to be taken by ICAI against members signing TAR more than prescribed limit

29 December 2014 at 17:56

Attention has been drawn to certain issues raised on the certification work done by the members of the profession in the report of Comptroller and Auditor General of India (C&AG) entitled Appreciation of Third Party (Chartered Accountant)

Posted in Income Tax | 5 comments | 34218 Views

Admissions of Undisclosed Income under coercion / pressure during Search / Survey

22 December 2014 at 10:29

Admissions of Undisclosed Income under coercion/pressure during Search/Survey Detailed information has been attached herewith

Posted in Income Tax | 17535 Views

Percentage of Govt Grant for considering university, hospital as substantially financed by the Government

17 December 2014 at 10:19

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SEC. 3, SUBSECTION(ii)]MINISTRY OF FINANCEDEPARTMENT OF REVENUE(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONINCOME-TAXNew Delhi, the 12th December, 2014 S.O. 3168 (E). In exercis

Posted in Income Tax | 13872 Views

Income-tax deduction from salaries during the FY 2014-15

12 December 2014 at 09:47

CIRCULAR NO : 17/2014F.No. 275/192/2014-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated 10th December, 2014 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR

Posted in Income Tax | 34881 Views

Changes in forms for advance ruling

03 December 2014 at 11:16

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE[CENTRAL BOARD OF DIRECT TAXES]NOTIFICATIONIncome-taxNew Delhi, the 28th day of November, 2014 S.O

Posted in Income Tax | 12297 Views

Acquisition/Transfer of Immovable property Payment of taxes

21 November 2014 at 11:31

RBI/2014-15/307A.P. (DIR Series) Circular No. 38 ToAll Category I Authorised Dealer BanksMadam/ Sir,Acquisition/Transfer of Immovable property Payment of taxes Attention of Authorised Dealers in Foreign Exchange is invited to Foreign

Posted in Income Tax | 1 comments | 18894 Views