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Declaration of Assets & Liabilities in new ITR forms
Press Information Bureau Government of India Ministry of Finance 10-May-2016 Declaration of Assets & Liabilities in the new ITR forms Central Board of Direct Taxes (CBDT) have released new income-tax...
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India-Mauritius DTAA amended to tackle round tripping of funds
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 10th May, 2016 Subject: Protocol for amendment of the Convention for the avoidance...
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Steps taken to curb Black Money within & outside the country
Press Information Bureau Government of India Ministry of Finance 10-May-2016 Government takes various steps in last two years to curb the menace of Black Money both within and outside the country. The...
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Verification of ITR through EVC pending due to non-filing of ITR-V
CIRCULAR NO 13/2016 F. No. 225/46/2016-ITA.II GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, 9th May, 2016 Subject:- Verification of tax-returns...
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Procedure for submission of Form 15CC for remittance U/s. 195(6)
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 8/2016 New Delhi, 4th May, 2016 Procedure for submission of Form 15CC by an a...
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Procedure for Online filing of Form 15G & Form 15H
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 7/2016 New Delhi, 4th May, 2016 [F.NO.DGIT(S)/ADG(S)-2/TDS E-FILING NOTIFICATI...
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How to file TDS/TCS statement on incometaxindiaefiling.gov.in
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 6/2016 New Delhi, 4th May 2016 Procedure for online submission of statement o...
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Relaxation in conditions for issue of certificate without tax deduction
Income Tax Rules 29B is related to Application for certificate authorising receipt of interest and other sums without deduction of tax under sub-section (1) of section 195. In this rule one of the con...
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Gain on sale of unlisted share to be considered as Capital Gain
No. 225/12/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the 2nd of May, 2016 Subject: – Consistency in taxability of income/loss arisi...
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Revision in TDS due date & Supporting for claim of Deduction from Salary
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 30/2016 New Delhi, the 29th April, 2016 INCOME-TAX S.O. ___(E).- In exercise of the pow...
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Revised Income Tax rules & Forms for in-house research & development facility
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 29/2016 New Delhi, the 28th April, 2016 INCOME-TAX S.O. ___(E).- In exercise of the pow...
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Tax on Income/Loss arising from Transfer of Unlisted Shares-reg.
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 5th May, 2016 Subject: Taxability of Income/Loss arising from Transfer of Unlisted Shares-reg. CB...
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Offshore Tax Evasion and Government initiatives
Press Information Bureau Government of India Ministry of Finance Date: 06-May-2016 Offshore Tax Evasion While there are impediments in obtaining information relating to undisclosed assets stashed away...
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Income Tax Return Statistics Assessment Year 2012-13
Income Tax Department Income Tax Return Statistics Assessment Year 2012-13 Objective The objective of publishing this statistics is to encourage wider use and analysis of Income-tax data by Department...
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Lok Sabha Passes Finance Bill 2016
As per the reports received by us Finance bill 2016 is passed by Lok Sabha today . Finance bill 2016 was having 128 clauses proposing amendment to Income Tax Act, 1961. Finance bill 2016 was presented...
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ITAT directive on Adjournment requests & Covered appeals
INCOME TAX APPELLATE TRIBUNAL BAR ASSOCIATION CIRCULAR Representatives of our Bar Association have had a meeting with the Hon’ble President of the Tribunal. On a representation made by us, the Hon’ble...
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Income Tax Time Series Data for FY 2000-01 to 2014-15
Data Covers Figures of 1. Direct Tax Collection 2. State and U.T. Wise Break-Up of Collection3. Contribution of Direct Taxes to Total Tax Revenue4. Direct-Tax GDP Ratio 5. Pre-Assessment and Post-Asse...
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PAN details as per status, Gender & Age for FY 2013-14
Income Tax Department has released details of Tax Payers to whom the Income PAN Cars is been allotted during the Financial Year 2013-14. It shows the the same based on Status of Taxpayer i.e. Individu...
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Tax dept release data related to Income & Pan Allotment
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 29th April, 2016 Subject: Release of Data by Income Tax Department – reg. Income Ta...
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CBI arrests ITO & two persons in alleged bribery case
CBI ARRESTS TWO INCOME TAX OFFICERS AND A PRIVATE PERSON IN AN ALLEGED BRIBERY CASE OF RS.2.5 LAKH The Central Bureau of Investigation has arrested two Income Tax Officers posted at Belagavi & Vijapur...