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Income Tax News


IT Department Refuses to Accept ITR-V !

   03 August 2007 at 06:41

03/08/2007 Cuddalore,The Income Tax Office at Cuddalore, Falling under the Commissionerate of Pondicherry refused to accept ITR-V.The ITO of TDS Ward Cuddalore, refused blatantly to accept ITR-V (Generated by the Department's Website). He insisted

Posted in Income Tax |   2580 Views


CAs ARE ALLOWED TO BE E-INTERMEDIARIES !!

   01 August 2007 at 23:21

NOTIFICATION NO. 210/2007, DATED 27-7-2007 In exercise of the powers conferred by sub-section (1B) of sections 139 and 139D of the Income-tax Act, 1961 (43 of 1961) read with sub-rule (3) of rule 12 of the Income-tax Rules, 1962 and in supercession o

Posted in Income Tax |   5712 Views


Stay Of High Court

   01 August 2007 at 04:26

Allahabad high court on Friday issue directions to Income Tax Department to accept the return on old salar forms 2-D in public interest case.For submitting reply on new forms two weeks time allowed.

Posted in Income Tax |   3807 Views


HC ADMITS WRIT ON NEW IT RETURN FORMS !

   31 July 2007 at 23:33

Gujarat HC admits writ against new return form::ADMITTING the writ petition challenging the newly-introduced income-tax return forms as being arbitrary and unreasonable, the Gujarat High Court has issued notice to the Union of India. The bench compri

Posted in Income Tax |   5349 Views


People rush to file IT return on time

   31 July 2007 at 11:59

With July coming to an end, taxpayers across the country have joined queues to beat the last date for filing returns. Thisyear the last date for filing income tax returns for the AssessmentYear 2007-08 for salaried and non-audit business cases is Jul

Posted in Income Tax |   3423 Views


TRP's Vs CA's!!!!!!

   30 July 2007 at 06:22

The government's much-touted scheme to certify Tax Return Preparers (TRPs) to feed a growing demand from taxpayers and assesses has got off to a shaky start in its first year. More than 3,700 TRPs trained for free by the government are still finding

Posted in Income Tax |   10257 Views


Employer did not deduct TDS..what to do??

   29 July 2007 at 07:39

Employer does not credit TDS to Govt - Can it be recovered again from employee by Income Tax? No, says Bombay HC MUMBAI, JULY 26, 2007 : BEWARE your employer may run away with your TDS or refuse to give you a TDS certificate! What happens then? Here

Posted in Income Tax |   8823 Views


PROCEDURE FOR SELECTION OF CASES FOR `SCRUTINY' FOR NON-CORPORATE ASSESSEES

   28 July 2007 at 10:24

PROCEDURE FOR SELECTION OF CASES FOR `SECRUTINY' FOR NON-CORPORATE ASSESSEES In supercession of earlier instructions on the above subject the Board herebylays down the following procedure for selection of returns / cases of Non-Corporate Assessees fo

Posted in Income Tax  3 comments |   35652 Views


ICAI - E-filing issues taken by ICAI with CBDT

   28 July 2007 at 10:22

FOR THE KIND ATTENTION OF THE MEMBERS Re: E-filing of Income-tax Return Forms The Fiscal Laws Committee has recently submitted to the CBDT the selected issues on e-filing of income-tax return forms. Further issues would also be forwarded shortl

Posted in Income Tax |   8160 Views


CBDT Circular No5/2007 on matters connected to New Return Forms

   28 July 2007 at 02:34

New Return Forms for Assessment Year 2007-08 matters connected thereto reg.CIRCULAR NO. 5 / 2007, DATED 26-7-2007The Central Board of Direct Taxes, vide notification S.O. No.762(E) dated 14th May, 2007 have notified following new return forms for ass

Posted in Income Tax |   6153 Views