Income Tax News

Changes made in indirect tax rates

Government of India makes changes in indirect tax rates, effective from today Government has made the following changes in indirect tax rates, effective from today, that is 19th October, 2015: 1) In view of the continued fall in international prices

Finally tax audit return due date extended for whole country to 31st October

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPRESS RELEASENew Delhi, 1st October, 2015 Subject: Extension of date for filing of Income tax returns and tax audit reports to 31st October 2015 - regarding The i

Amount declared under the compliance window under the Black Money Act

Government of IndiaMinistry of FinanceDepartment of RevenueCentralBoard of Direct TaxesNew Delhi, 1st October 2015Subject: Declarations received and amount declared under the compliance window under the Black Money Act- regardingThe Black Money (Undi

CBDT Revenue Secretary Dr. Hasmukh Adhia tweets that due date has been extended for whole of country to 31st Oct

Form 15G and 15H for non deduction of TDS can be submitted electronically now

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 30th September, 2015Subject: Simplification of procedure for Form No.15G & 15H � regarding Tax payers seeking non deduction of tax from certa

CBDT extends due date to 31st oct in Haryana,Punjab,Chandigarh and Gujarat

Clarification on the Black Money Act

Clarification on the Black Money Act

Amendment in MAT provisions for foreign company

Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign Company If the Foreign Company is a Resident of a Country Having DTAA with India and Such F

Applicability of MAT on foreign companies having no PE in India

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Sub: Applicability of Minimum Alternate Tax (MAT) on foreign companies having no PE in India- regarding- Issues relating to taxation of foreign companies, havin

ICAI president meets finance minister reg extension of due date

CA. Manoj Fadnis, President, ICAI, CA. Anuj Goyal, Chairman, Professional Development Committee, along with Chairman, Direct Taxes Committee , Vice-Chairman, Direct Taxes Committee , Vice Chairman, Committee on International Taxation, met and represe