Income Tax Notification & Circulars


General - Processing of returns of A.Y. 2011-12 - Steps to clear backlog - Withdrawal of Instruction No. 1/2012

 Notification No#INSTRUCTION NO. 4/2012     25 May 2012

 SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - PROCESSING OF RETURNS OF A.Y. 2011-12 - STEPS TO CLEAR BACKLOG - WITHDRAWAL OF INSTRUCTION NO. 1/2012, DATED 2-2-2012   INSTRUCTION NO. 4/2012 [F. NO. 225/34/2011-ITA.II]   DATED 25-5-2012   The Board has dec..

Posted in Income Tax  1 comments

Prevention of Fiscal Evasion with Foreign countries - Japan - Amendment in Notification No. GSR 101(E).Amendment in Notification No. GSR 101(E)

 Notification No#19/2012     24 May 2012

 Double taxation agreement - Agreement for avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign countries - Japan - Amendment in Notification No. GSR 101(E).Amendment in Notification No. GSR 101(E) –dated 1st March 1990 NOTIFICATION NO. 19/2012 [F. NO. 506/69/81-FTD..

Posted in Income Tax

Income-tax (sixth Amendment) Rules, 2012 - Insertion of rule 10AB

 Notification No#18/2012     23 May 2012

 Income-tax (sixth Amendment) Rules, 2012 - Insertion of rule 10AB NOTIFICATION NO. 18/2012 [F. NO. 142/5/2012-TPL]   DATED 23-5-2012   In 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 ..

Posted in Income Tax

Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011

 Notification No#02/2012     22 May 2012

 CIRCULAR NO. 02/2012 [F. NO.142/01/2012-SO(TPL)], DATED 22-5-2012   Finance Act, 2011 - Explanatory notes to the provisions of the Finance Act, 2011 Amendments at a Glance   Section/Schedule Par..

Posted in Income Tax

Cancellation of Transfer Order of Judicial Member, Chandigarh Benches to Pune Benches of ITAT

 Notification No#ORDER [NO. F-46-AD(AT)2012]     14 May 2012

 Cancellation of Transfer Order of Judicial Member, Chandigarh Benches to Pune Benches of ITAT ORDER [NO. F-46-AD(AT)2012] DATED 14-5-2012   In partial modification of this office order of even number dated 11th May, 2012; and upon consultations of the collegium of the Income Tax Appel..

Posted in Income Tax

Section 80-IA of the Income-tax Act, 1961- Deduction - Profits and gains from industrial infrastructure undertakings, etc

 Notification No#17/2012 [F.NO. 178/38/2009-ITA-1]     11 May 2012

 Section 80-IA of the Income-tax Act, 1961- Deduction - Profits and gains from industrial infrastructure undertakings, etc   NOTIFICATION NO. 17/2012 [F.NO. 178/38/2009-ITA-1]   DATED 11-5-2012   Whereas the Central Government in exercise of the powers conferred by clause (..

Posted in Income Tax

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

 Notification No#16/2012     30 April 2012

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

Posted in Income Tax

Post Office Recurring Deposit (Amendment) Rules, 2012

 Notification No# GSR 320(E)     25 April 2012

 NOTIFICATION NO.GSR 320(E)   DATED 25-4-2012   In exercise of the powers conferred by section 15 of the Government Savings Bank Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Recurring Deposit Rules, 1981, namely:- ..

Posted in Income Tax

Senior Citizens Saving Scheme (Amendment) Rules, 2012 – Amendment in Rule 7

 Notification No#GSR 321(E)     25 April 2012

 Senior Citizens Saving Scheme (Amendment) Rules, 2012 – Amendment in Rule 7   NOTIFICATION NO.GSR 321(E)   DATED 25-4-2012   In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes t..

Posted in Income Tax

Post Office (Monthly Income Account) Amendment Rules, 2012 – Amendment in Rule 8

 Notification No#GSR 322(E)     25 April 2012

 Post Office (Monthly Income Account) Amendment Rules, 2012 – Amendment in Rule 8   NOTIFICATION NO.GSR 322(E)   DATED 25-4-2012   In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby ma..

Posted in Income Tax