Income Tax News

New Changes for efiling of IT Return for AY 2009-10

03 June 2009 at 23:10

New Changes for efiling of Income-tax Return for AY 2009-101. New Users can register their Digital Certificate during registration process2. During Registration and Forgot Password, Captcha Image needs to be entered by the user for verification. If t

Posted in Income Tax | 8 comments | 25962 Views

Matters connected to new Return Forms

22 May 2009 at 12:51

NEW RETURN FORMS FOR ASSESSMENT YEAR 2009-10 MATTERS CONNECTED THERETO CIRCULAR NO. 03 / 2009 DATED21-5-2009 The Central Board of Direct Taxes have, vide notification S.O. No.866 (E) dated 27th, March, notified the following new

Posted in Income Tax | 3 comments | 17529 Views

Circular clarifying the new provisions related to TDS and TCS payment

21 May 2009 at 16:49

New TDS and TCS payment and information reporting system - Notification No. 858(E), dated 25th March, 2009 published in Official Gazette Circulars No. 02/2009 Dated 21-5-2009 The Finance Act, 2008 inserted a new sub-sectio

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New TDS notification postponed to 1st July - Press release

12 May 2009 at 11:05

No.402/92/2006-MC (11 of 2009)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPRESS RELEASEThe Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 a

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Extension of benefit of enhanced depreciation

27 April 2009 at 13:23

Extension of benefit of enhanced depreciationPress Release No. 402/92/2006-MC (10 of 2009)Dated 24-4-2009The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009. Now, commercial vehicles acquired on or

Posted in Income Tax | 2 comments | 23160 Views

New Income Tax Return Forms are Notified for A.Y.2009-10

06 April 2009 at 07:09

The CBDT has notified new Income Tax Forms for F.Y. 2008-09 | A.Y. 2009-10. via vide notification No. 32/2009 (Income-tax 9th Amendments) Rules, 2009.New ITR Forms Form ITR 1, Form ITR 2, Form ITR 3, From ITR 4, Form ITR 5, Form ITR 6, Form ITR 7, Fo

Posted in Income Tax | 19 comments | 43329 Views

Applicability of Form No.17

03 April 2009 at 11:20

After amending the rules relating to Tax Deduction at Source (TDS) and Tax Collected at Source (TCS), the Central Board of Direct Taxes (CBDT) has said that the new Form No.17 (the challan for payment of TDS and TCS) will be applicable only for

Posted in Income Tax | 15 comments | 58569 Views

Major changes in TDS Compliance

01 April 2009 at 13:12

CBDT has issued Notification No 31 dated March 25, 2009 bringing out several changes in TDS compliance. The notification amends various rules w.e.f 01-04-2009. TDS Payment TDS payment is now to be made electronically by all deduct

Posted in Income Tax | 10 comments | 54504 Views

Notification on TDS and TCS

01 April 2009 at 10:39

Notification on TDS and TCS The Board has amended the rules relating to Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) vide Notification No. S.O.858 (E) dated 25th Mar

Posted in Income Tax | 22623 Views

Major Changes in TDS and TCS Compliances

31 March 2009 at 15:18

NOTIFICATION NO 31/2009, Dated: March 25, 2009In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-ta

Posted in Income Tax | 4 comments | 25377 Views