Income Tax News


Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs

   02 February 2011 at 11:13

Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs

Posted in Income Tax  1 comments |   9780 Views


Tax collection targets for the current financial year increased

   24 January 2011 at 10:09

Tax collection targets for the current financial year increased; FM calls for more focus on increasing service tax collections; Shri Pranab Mukherjee addresses review meeting of CBDT/CDEC in Chennai. Finance Minister Shri Pranab Mukherjee ha

Posted in Income Tax |   6537 Views


ICAI submits its suggestions on the Direct Taxes Code Bill, 2010 to the Parliamentary Standing Committee on Finance

   14 January 2011 at 11:32

ICAI submits its suggestions on the Direct Taxes Code Bill, 2010 to the Parliamentary Standing Committee on Finance

Posted in Income Tax |   8871 Views


Rejection of TDS/TCS statements - Common errors and course of action

   29 December 2010 at 11:41

Rejection of TDS/TCS statements Common errors and course of action a. What is course of action in case a regular statement is rejected? A. Please refer to Course of action regular rejection for the common causes for rejection of

Posted in Income Tax  4 comments |   22626 Views


List of Notified Industrial Parks, CBDT

   15 December 2010 at 11:43

List of Notified Industrial Parks, CBDT

Posted in Income Tax |   5760 Views


CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases

   15 December 2010 at 10:17

CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases The Central Board of Direct Taxes (CBDT) has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acqui

Posted in Income Tax |   4941 Views


Processing of ITR-I and ITR-2 returns - credit for tax deducted at source for A.Y. 2009-10 - clarification regarding

   14 December 2010 at 12:09

Processing of ITR-I and ITR-2 returns – credit for tax deducted at source for A.Y. 2009-10 – clarification regarding. INSTRUCTION NO. 9/2010 [F. NO. 225/25/2010/IT (A-II)] DATED 9-12-2010 1. Reference may be made to Board’s

Posted in Income Tax |   7350 Views


Parameters for processing of E-TDS Returns - issuance of instruction - regarding

   14 December 2010 at 12:08

Parameters for processing of E-TDS Returns – issuance of instruction – regarding INSTRUCTION NO. 8/2010 [F.NO. 275/73/2009-IT(B)] DATED 8-12-2010 In the present system of processing of e-TDS returns, the returns are processed onl

Posted in Income Tax |   7008 Views


CPC Bangalore commences issue of refunds for AY 2010-11 returns

   13 December 2010 at 12:08

CPC commences issue of refunds for AY 2010-11 returns. Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. Till 10/12/2010 it has processed over 15 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4 an

Posted in Income Tax  6 comments |   9777 Views


CPC Bangalore - New facility for online submission

   07 December 2010 at 11:53

Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectificat

Posted in Income Tax  5 comments |   22332 Views



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