Income Tax News

Model Code of Conduct - Reference from the Ministries/Department of Government of India on Financial matters - Clarification

07 May 2014 at 10:59

Model Code of Conduct - Reference from the Ministries/Department of Government of India on Financial matters – Clarification

Posted in Income Tax | 16287 Views

Implementation of the National Judicial Reference System Project of the Income Tax Department

07 May 2014 at 10:58

Implementation of the National Judicial Reference System Project of the Income Tax Department

Posted in Income Tax | 15897 Views

Clarification regarding treatment of expenditure incurred for development of road/highways in BOT agreement under Income -tax Act, 1961-Regarding

24 April 2014 at 11:38

Clarification regarding treatment of expenditure incurred for development of road/highways in BOT agreement under Income -tax Act, 1961- Regarding Circular No 9/2014 Dated 23-4-2014

Posted in Income Tax | 1 comments | 19062 Views

CBDT Issues Detailed Guidelines for Laying Down Standard Operating Procedure for Verification/Correction of Arrear Tax Demand

21 April 2014 at 11:15

Detailed instructions have been issued by the Central Board of Direct Taxes (CBDT) to all the assessing officers laying down a Standard Operating Procedure (SOP) for verification and correction of demand by the AOs. As per this SOP, the taxpayers can

Posted in Income Tax | 2 comments | 21846 Views

Suggestions from the Industry and Trade Associations for General Budget 2014-15 regarding changes in direct and indirect taxes

18 April 2014 at 10:52

F.No.334/8/2014-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit***New Delhi, dated the 17th April, 2014 ToIndustry and Trade Associations Subject: Suggestions from the Industry and Trade Associations for General Bu

Posted in Income Tax | 1 comments | 19722 Views

Refilling of forms for Departmental Examination - 2014

04 April 2014 at 10:26

Refilling of forms for Departmental Examination – 2014

Posted in Income Tax | 2 comments | 20796 Views

CBDT Signs the First Batch of five Advance Pricing Agreements

01 April 2014 at 11:42

CBDT Signs the First Batch of Five (5) Unilateral Advance Pricing Agreements (APA); Agreements Cover a Period of Five (5) Years from AY 2014-15 to AY 2018-19 and Specify the Arm’s Length Price for the Covered International Transactions Entered

Posted in Income Tax | 3 comments | 16494 Views

Significant changes in the proposed Direct Taxes Code, 2013

01 April 2014 at 10:44

The Finance Minister, in his speech on Interim Budget 2014-15, made the following observation on Direct Taxes Code (DTC):-"Revenues are of paramount importance. The best source of revenue is taxes and for that we need modern tax laws. I am disap

Posted in Income Tax | 2 comments | 27771 Views

Order Under Section 119 (1) of the Income Tax Act, 1961

26 March 2014 at 11:22

Order Under Section 119 (1) of the Income Tax Act, 1961

Posted in Income Tax | 4 comments | 32661 Views

Extension of date for receipt of ITR-Vs in CPC, Bengaluru for the cases of AY 2O12-13 and 2O13-14 received/e-filed in FY 2O12-13

21 March 2014 at 12:05

There are many taxpayers who have uploaded their Income Tax Returns(without digital signature Certificate) for A.Y. 2OI,z-Lg [filed between1.4.2012 to 31.1O.2O131 and for A.Y. 2013-14 [filed between L.4.2OL3 to 31.1O.2O131, but have either not filed

Posted in Income Tax | 1 comments | 30540 Views