Income Tax News
Indirect tax collection increases by a modest 4.5 percent
25 July 2014 at 11:16Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year The overall growth in Indirect Tax Reve
ITR 6 efiling utility released for AY 14-15
25 July 2014 at 11:16ITR 6 can be used by a company, other than a company claiming exemption under section 11. To know further in details, find the enclosed attachment
Income Tax department to remain open on 26th July and 27th July 2014
24 July 2014 at 18:10F.No.225/121/2014/ITA.IIGovernment of IndiaMinistry of FinanceCentral Board of Direct Taxes New Delhi, the 24th July, 2014Order under Section 119(1) of the Income tax Act,1961. The due date for filing of return of income within the meaning of Explana
FM asks Income tax officers to use non intrusive methods of investigation
24 July 2014 at 11:42Finance Minister Asks Officers of Income Tax Department to Maximise the Use of Non Intrusive and Innovative Methods of Investigation; Calls for Training for Upgradation of Skills and Need for Capacity Building The Union Finance Minister, Shri Arun J
FM confident of exceeding Direct Tax Revenue Target
22 July 2014 at 14:16Revenue Targets Fixed for Direct Taxes for the Current Financial Year 2014-15 would not only be Achieved but would be Surpassed: FM The Union Finance Minister Shri Arun Jaitley hoped that the revenue targets fixed for Direct Taxes for the current Fi
Instructions for filing wealth tax returns
19 July 2014 at 18:39INSTRUCTIONS FOR FILLING UP RETURN OF NET WEALTH (FORM BB)(To be detached before filing the return in a paper form) This form is to be filled up by all wealth-tax assessees [individual, Hindu Undivided Family (HUF) or company]. This form is applicabl
Irregularities in Providing Tax Concession
19 July 2014 at 18:39Exemptions and tax concessions under the Income-tax Act, 1961 (‘Act’) are provided in accordance with the provisions of the Act. However, any exemption or tax concession wrongly claimed in the returns of income filed by the tax payers are
Revision of monetary limits for filing of appeals by the Department before the ITAT
16 July 2014 at 10:27Instruction No. 5/2014 - Revision of monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court - measures for reducing litigation. To read further in details, find the attachment enclo
Standard Operating Procedure on filing of Appeals/Special Leave Petitions(SLPs) by the Income Tax Department
05 July 2014 at 13:19Standard Operating Procedure on filing of Appeals/Special Leave Petitions(SLPs) by the Income Tax Department in the Supreme Court and related matters: instructions regarding- Revised Proforma B to Instruction No.4/2011 dated 09.03.2011 Detailed infor
A valid Email ID and Mobile Number to be Registered/Updated on the E-Filing Website of the Income Tax Department
05 July 2014 at 13:19A valid Email ID and Mobile Number has to be registered/updated on the e-filing website of the Income Tax Department so that direct communication with taxpayer can be possible. For details, taxpayers can log on to: https://incometaxindiaefiling.gov.i
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