Income Tax News

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

Last date for filing declaration under compliance window of the Black Money Act

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 21st September, 2015 Sub: Last date for filing declaration under compliance window of the Black Money Act � regarding. The Blac

Govt promotes 153 officers to rank of commissioners of income tax

Government Approves Promotion of 153 IRS Officers of 1992, 1993 & 1994 Batches to the Rank of Commissioners of Income Tax;This Would Help in Addressing the Backlog of Taxpayers’ Appeals and Offer better Services to the Taxpayers in the Fiel

Income tax dept receives 2.06 crore returns on e-filing portal till Sep 7

In the Financial Year (F.Y.) 2015-16, Department of Income Tax Receives 2.06 Crore Returns on the E-Filing Portal as on 07.09.2015 Registering an Increase of 26.12% over the Corresponding Period of the Preceding F.Y. 2014-15; 32.95 Lakh E-Returns Ver

27 Queries relating to tax compliance provision under black money act

CBDT Issues a Circular Clarifying Another Set of 27 Queries Relating to Tax Compliance Provision Under Chapter VI of the Black Money Act The Central Board of Direct Taxes (CBDT) has considered the queries received from the public about the tax compl