Income Tax News

Substitution of Forms 49A and 49AA

20 May 2014 at 17:29

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II,SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXES Notification No. 26/2014 New Delhi, the 16th day of May, 2014 S.O. 2

Posted in Income Tax | 2 comments | 27822 Views

Declaration regarding Automatic Exchange of Information in Tax matters

12 May 2014 at 16:53

46 Countries under the auspices of OECD adopts a 'Declaration regarding Automatic Exchange of Information in Tax matters': Statement by the Union Finance Minister Please find attached a Statement by the Union Finance Ministe

Posted in Income Tax | 2 comments | 16704 Views

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 | 16296 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 | 15900 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 | 19725 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 | 20802 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