Income Tax News

Circular to update the vacancy for the post of Ombudsman

29 January 2014 at 15:10

Circular to update the vacancy for the post of Ombudsman For circular please find the attachment

Posted in Income Tax | 1 comments | 23772 Views

CBDT releases Explanatory Notes to the Provisions of the Finance Act, 2013

28 January 2014 at 19:15

CIRCULAR NO.03/2014F. No. 142/24/2013-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*******Dated, the 24th January, 2014 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2013

Posted in Income Tax | 4 comments | 27000 Views

Withdrawal of Tax-Exemption in Case of Four Cricket Associations

10 January 2014 at 12:08

The Income Tax authorities have looked into the affairs of the four cricket associations, namely Saurastra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharastra Cricket Association and have found that these cricke

Posted in Income Tax | 15 comments | 27534 Views

Gross Direct tax collection up by 12.33%

07 January 2014 at 10:52

Gross direct tax collections during april-december of the current financial year 2013-14 is up by 12.33 percent and stood at rs. 4,81,914 crore as against rs. 4,29,023 crore in the same period last year Gross direct tax collections during April-Decem

Posted in Income Tax | 4 comments | 13026 Views

CBDT revises list of docs to be enclosed with PAN request

27 December 2013 at 12:37

GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNotificationNew Delhi, the 23rd day of December, 2013 S.O. 3794 (E)- In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961),

Posted in Income Tax | 3 comments | 38901 Views

Achievements and Initiatives Taken by the CBDT Helping in Facilitating the Tax Payers, Improving the Efficiency and Equity of the Tax System and Promoting Voluntary Compliance

23 December 2013 at 11:32

Following are the major highlights/achievements made by the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance over a period of time especially during the last one year : The Department of Revenue, Ministry of Finance,

Posted in Income Tax | 15957 Views

Net Direct Tax Collections During the Current Fiscal upto 20th december 2013 sTood at rs. 4,12,918 crore as Against rs. 3,63,338 crore in the Same Period Last Year

23 December 2013 at 11:29

Net Direct Tax Collections During the Current Fiscal upto 20th december 2013 sTood at rs. 4,12,918 crore as Against rs. 3,63,338 crore in the Same Period Last Year; Showing a Growth of 13.7%; Advance Tax Collections upto December Quarter has been rs

Posted in Income Tax | 5 comments | 18282 Views

Ministry of Finance regarding announcement of Tax Administration Reform Commission (TRAC)

23 December 2013 at 11:28

Ministry of Finance regarding announcement of Tax Administration Reform Commission (TRAC)

Posted in Income Tax | 1 comments | 18120 Views

Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961

23 December 2013 at 11:26

RBI/2013-14/412DBOD. No.BP.BC.77/21.04.018/2013-14 December 20, 2013 The Chairmen and Managing Directors / Chief Executive Officers ofall Commercial Banks (excluding Regional Rural Banks) Dear Sir, Deferred Tax Liability on Special Reserve created un

Posted in Income Tax | 20286 Views