Income Tax News

Income tax related public grievances

13 May 2015 at 10:32

The Citizen’s Charter 2014 of Income Tax Department includes ‘Redressal of grievances’ within the specified timeline of 60 days, as one of the key taxpayer services provided by the Department. Redressal of grievances has been includ

Posted in Income Tax | 3 comments | 9147 Views

Officers advised not to take coercive action against FII for recovery of MAT

12 May 2015 at 10:25

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to

Posted in Income Tax | 1 comments | 7707 Views

FM statement for MAT on FIIS

09 May 2015 at 11:35

Text of the Statement made by the Finance Minister in Rajya Sabha yesterday relating to MAT on FIIS A matter which has attracted considerable debate in the public space in recent weeks is the levy of Minimum Alternate Tax (MAT) on Foreign Institution

Posted in Income Tax | 8697 Views

IT dept receives PM award for excellence in public administration

22 April 2015 at 10:35

Income Tax Department Awarded the Prime Ministers Award for Excellence in Public Administration for Easy Tax Compliance Through Quality Service The Income Tax Department has been awarded the Prime Ministers Award f

Posted in Income Tax | 3 comments | 11289 Views

CBDT notifies ITR for AY 2015-16

17 April 2015 at 13:51

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 15th day of April, 2015 Income-ta

Posted in Income Tax | 1 comments | 21933 Views

IT dept lists defaulters of Taxes

16 April 2015 at 10:29

IT dept lists defaulters of Taxes Please refer to the attached file for details

Posted in Income Tax | 20364 Views

Indirect tax collection exceeds by 4000 crore in 2014-15

03 April 2015 at 10:41

Indirect Taxes Collections for the Financial Year (FY) 2014-15 Exceeds the Revised Estimates (RE) Target by Rs. 4,000 Crore; Total Collections as on 31.03.2015 Is Rs.5,46,479 Crore (Based on Provisional Report) as Against the RE Target of Rs.5,42 ,32

Posted in Income Tax | 7 comments | 17115 Views

CBDT notifies Income Computation and Disclosure Standards

03 April 2015 at 10:40

In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961, the CBDT has notified the income computation and disclosure standards. This notification shall come into force with effect from 1st day of Apr

Posted in Income Tax | 1 comments | 23289 Views

Introduction of Black Money bill

23 March 2015 at 10:34

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated: 20th March, 2015PRESS RELEASEINTRODUCTION OF THE UNDISCLOSED FOREIGN INCOME AND ASSETS(IMPOSITION OF TAX) BILL, 2015The Finance Minis

Posted in Income Tax | 1 comments | 17382 Views

Highlights of Foreign Black money bill

23 March 2015 at 10:34

Highlights of the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 Introduced in Lok Sabha Today The Finance Minister, in his budget speech, while acknowledging the limitations under the existing law, had conveyed the considered

Posted in Income Tax | 1 comments | 13734 Views