Income Tax News
Exemption Limit for Individual Tax Payers Raised to Rs.1,80,000
28 February 2011 at 13:50Exemption Limit for Individual Tax Payers Raised to Rs.1,80,000 Qualifying age for Senior Citizens Lowered to 60 Years Senior Citizens above 80 Years to Get Exemption upto Rs. 5,00,000 The exemption limit for the general category of individual
CWA - Amendments vide Finance Act, 2010 on 'Direct Tax'
26 February 2011 at 10:40Amendments vide Finance Act, 2010 on Direct Tax
Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11
16 February 2011 at 12:14Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. As on 11/2/2011 it has processed over 34.1 lakh e-filed returns of AY 2010-11 in all categories of ITRs including Corporate Returns and generated ref
CPC bags the Gold award in the category - Excellence in Government Process Re-engineering
16 February 2011 at 12:11The Centralized Processing Center of the Income Tax Department at Bangalore, which was established to mass-process Income Tax Returns has bagged the Gold Award in the category "Excellence in Government Process Re-engineering" at the 14th N
Software vendorwise percentage of correction TDS/TCS statements accepted and rejected at TIN central system for the period October 1, 2009 to December
16 February 2011 at 12:04Software vendorwise percentage of correction TDS/TCS statements accepted and rejected at TIN central system for the period October 1, 2009 to December 31, 2010 Sr. No.
Date of filling of ITR-V extended to 31st July, 2011
11 February 2011 at 13:01Date of filling of ITR-V extended to 31st July, 2011
Net Direct Tax Collections Register Growth of 20.37% During April 2010 -January 2011
08 February 2011 at 10:24Net Direct Tax Collections Register Growth of 20.37% During April 2010 –January 2011 Net direct tax collections during the period April 2010 to January 2011 stood at Rs.3,17,501 crore, up from Rs.2,63,765 crore in the same period last fis
CPC commences issue of refunds for AY 2010-11 returns
02 February 2011 at 11:19CPC commences issue of refunds for AY 2010-11 returns Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. As on 31/1/2011 it has processed over 31.3 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4
Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs
02 February 2011 at 11:13Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs
Tax collection targets for the current financial year increased
24 January 2011 at 10:09Tax 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
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