Income Tax News

Opening Remarks by FM on Finance Bill 2012

07 May 2012 at 17:28

Opening Remarks made by the Finance Minister Shri Pranab Mukherjee at the beginning of the Discussion on Finance Bill 2012 The text of the Opening Remarks made by the Union Finance Minister Shri Pranab Mukherjee at the beginning of the discussio

Posted in Income Tax | 5709 Views

Income -Tax (5th Amendment) Rules, 2012- Insertion of Rule F

07 May 2012 at 10:08

NOTIFICATION NO. 16/2012 [F. NO. 149/72/2011-SO (TPL)] DATED 30-4-2012 In exercise of the powers conferred by clause (47) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby ma

Posted in Income Tax | 10176 Views

Advisory Group for International Taxation and Transfer Pricing Constituted

03 May 2012 at 15:37

An Advisory Group for International Taxation and Transfer Pricing has been constituted by Central Board of Direct Taxes , Department of Revenue, Ministry of Finance. The Group would comprise of the following members:- i. Revenue Secretary to

Posted in Income Tax | 1 comments | 7266 Views

Clarification on Vodafone Tax Issue

02 May 2012 at 16:54

A news report has appeared in the Financial Express, Delhi edition, 27th April, 2012 captioned “I-T didn’t warn Vodafone of tax burden or dispute deal format”. In this regard, the Central Board of Direct Taxes (CBDT) has issued t

Posted in Income Tax | 1 comments | 14628 Views

MCA mandates updating of Income Tax PAN for obtaining DIN

02 May 2012 at 12:27

General Circular No: 32/2011 dated 31/05/2011, 66/2011 Dated 4/10/2011, 70/2011 dated 15.12.2011 and 04/2012 dated 09.03.2012, Ministry of Corporate Affairs has mandated providing Income-tax Permanent Account Number (Income-tax PAN) for obtaining

Posted in Income Tax | 1 comments | 11544 Views

Recovery of Arrears of Tax Demand of the Income Tax Department

28 April 2012 at 11:11

Recovery of IT The C&AG conducted performance audit of Recovery of Arrears of Tax Demand of the Income Tax Department and the report Number 23 of 2011-12 was laid on the table of the Lok Sabha/Rajya Sabha on 16-12-2011. In the report, the C&a

Posted in Income Tax | 2 comments | 12420 Views

Filling up the post of Registrar in the Competition Appellate Tribunal purely on deputation basis

20 April 2012 at 11:07

Filling up the post of Registrar in the Competition Appellate Tribunal purely on deputation basis

Posted in Income Tax | 5652 Views

Valediction Function of the 64th batch of IRS is to be held at NADT on 16th of April, 2012

16 April 2012 at 12:19

National Academy of Direct Taxes, Nagpur is going to web cast a live VALEDICTION function of the 64th Batch of the Indian Revenue Services on Monday, 16th April, 2012 at 11:00 am at NADT Auditorium, Nagpur. Hon'ble Shri LAXMAN DAS, Chairman, C

Posted in Income Tax | 4167 Views

Aayakar Sampark Kendra inaugurated by Pranab Mukherjee, Honble Union Finance Minister

16 April 2012 at 12:19

Inauguration of Aayakar Sampark Kendra by Pranab Mukherjee, Honble Union Finance Minister Hon'ble Union Finance Minister Shri Pranab Mukherjee inaugurated the 'Aayakar Sampark Kendra' (Regional Call Centre) and dedicated the Call Cent

Posted in Income Tax | 3510 Views

Undisclosed income exceeding Rs. 9,200 crore detected by CBDT during the search operations in the financial year 2011-12

12 April 2012 at 17:51

During the financial year (FY) 2011-12, the Investigation Directorates of the Central Board of Direct Taxes (CBDT) conducted searches on 330 groups involved in different businesses / activities. On the basis of assets, documents and other evidence

Posted in Income Tax | 3 comments | 9246 Views