Income Tax News

Clarification regarding allowing losses on account of forex derivatives

25 March 2010 at 14:12

Foreign Exchange derivative transactions entered into by the corporate sector in India have witnessed a substantial growth in recent years.

Posted in Income Tax | 3 comments | 4320 Views

Corrigenda to TDS Rules - Amendment in IT (First Amendment) Rules, 2010

24 March 2010 at 11:11

Corrigenda to TDS Rules - Amendment in IT (First Amendment) Rules, 2010 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]

Posted in Income Tax | 2 comments | 9726 Views

Income tax department releases common mistakes handout

22 March 2010 at 12:21

Income tax department releases common mistakes handout. Click below to download

Posted in Income Tax | 1 comments | 6531 Views

Discussion Forum on IPR issues to have wider consultation

22 March 2010 at 12:09

A discussion Forum on IPR issues has been set up in the Department of Industrial Policy and promotion (DIPP)'s Website at www.dipp.nic.in with a view to have wider consulta

Posted in Income Tax | 2319 Views

Periodicity of meetings of Committees of Write off of irrecoverable demands and raising of monetary ceiling - Modification of Instruction No. 16/2003,

22 March 2010 at 12:08

Reference is invited to Instruction No. 16/2003 dated 18th November, 2003 in which constitution of various Committees for recommending of write off of Income tax arrears were suggested. Paras 6 & 7 of the above instruction mandated that the

Posted in Income Tax | 2316 Views

Direct tax collections register 7.5 per cent growth upto February

04 March 2010 at 18:53

Net direct tax collections during first eleven months of the present fiscal (up to February 2010) stood at Rs.2,78,373 crore, up from Rs.2,58,902 crore in the same period last fiscal, registering a growth of 7.52

Posted in Income Tax | 3012 Views

ICAI -Overview of the Direct Tax Provisions in The Finance Bill 2010

27 February 2010 at 18:07

Overview of the Direct Tax Provisions in The Finance Bill 2010

Posted in Income Tax | 2 comments | 18645 Views

ICAI welcomes the Union Budget

27 February 2010 at 10:16

ICAI welcomes the Union Budget presented by the Hon’ble Finance Minister Shri Pranab Mukherjee, which can

Posted in Income Tax | 2 comments | 10050 Views

Additional one per cent interest subvention to farmers

26 February 2010 at 17:42

Additional one per cent interest subvention to farmers REPAYMENT PERIOD OF LOAN BY FARMERS EXTENDED BY SIX MONTHS ENERAL BUDGET: 2010-11 Shri Pranab Mukherjee, Union Finance Minister, while presenting the Union Budget in Lok Sabha today, informed

Posted in Income Tax | 6135 Views

37 Per cent of total plan outlay for 2010-11 earmarked for social sector

26 February 2010 at 17:40

37 Per cent of total plan outlay for 2010-11 earmarked for social sector APPROPRIATE BANKING FACILITIES FOR HABITATIONS WITH POPULATION ABOVE 2000 AUGMENTATION OF RS.100 CRORE EACH FOR FINANCIAL INCLUSION FUND AND FINANCIAL INCLUSION TECHNOLOGY FUN

Posted in Income Tax | 4749 Views