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CBDT releases Manual on Exchange of Information
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES FOREIGN TAX & TAX RESEARCH DIVISION FOREWORD The CBDT had, in 2013, brought out a Manual to provide guidance...
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CBDT notifies New ITR-3, ITR-4, ITR-5 ITR-6 & ITR -7 for A.Y. 2015-16
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NEW DELHI N...
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Whether section 206AA overrides the provisions of section 90(2)?
Section 206AA has been brought into Act from 1.4.2010. This section talks about furnishing of Permanent Account number (PAN) by any person entitled to receive any sum or income or amount on which tax...
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Avail Benefit of Intermediate Default Communications and Avoid Intimations from CPC (TDS)
Deductor can promptly avail the Online Correction facility at web-portal TRACES, after receipt of “potential PAN/ Challan errors in TDS statement” through Intermediate Defaults Communication. Your cor...
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Notice for Empanelment of Prosecution Counsels
OFFICE OF THE COMMISSIONER OF INCOME TAX (JUDICIAL) ROOM NO. 162A, C.R.BUILDING, NEW DELHI-110002 F. No. CIT(Judicial)/Pros. Counsels/2015/2015-16/545, Dated : 29.07.2015 NOTICE FOR EMPANELMENT OF PRO...
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Timely Redressal of Tax Payer Grievances and Public Service Delivery
Grievance redressal is a major aspect of citizen centric governance and is an important feature of the activities of the Income Tax Department. The Central Action Plan 2015-16 of the Income Tax Depart...
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Extension of due date of filing Return of wealth for A.Y, 2015-16
F.No.328/08/2015-WT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated 27th July, 2015 To All Pr. Chief Commissioners of Income-tax Subject: E...
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Simplification of ITR Forms; Issue of PAN Cards
The Government has simplified Income Tax Returns (ITR) Forms for individuals and HUFs not having business or professional income. In ITR Form No. 2 and 2A, the main form does not contain more than thr...
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CBDT guidelines for NGOs seeking exemption U/s. 11 for providing relief to earthquake hit people in Nepal- Part III
Date : 27.07.2015 Subject : Part III of the Standard Operating Procedure (SOP) (Part I – 08.07.2015) for making application for claim of tax exemption u/s 11(1)(c) of the Income-tax Act, in respect of...
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CBDT notifies Cost Inflation Index for Financial Year 2015-16
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No. 60/2015 New Delhi, Dated- 24th July, 2015 S.O. (E) – In exercise of the powers conferred by...
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Third SIT Report on Black Money- Misuse of exemption on Long Term Capital gains tax for money laundering
Press Information Bureau Press Release dated 24-07-2015 Recommendations of SIT on Black Money as Contained in the Third SIT Report Misuse of exemption on Long Term Capital gains tax for money launderi...
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No Service Tax on Services Provided in India on behalf of Recipient Located Outside India
M/s. Tarsem Mittal & Sons Vs. Commissioner of Central Excise (CESTAT Delhi), S. T. A. No. 363 of 2009, Date of Decision: 19.12.2014 The appellant is an agent of Western Union on whose behalf appellant...
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Restriction on downloading TDS certificate without closing ‘short payment’ defaults – regarding
No.275 (7)/2015-IT (B) Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated New Delhi, the 15th July, 2015 To The President, Lucknow Chartered Accountants Society, 90, Pirpur...
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Revised Norms of IT Returns; Electronic Verification of Income Tax Returns For A.Y. 2015-16 Introduced
As per rule 12 of the Income-tax Rules, in case of individuals and certain other specified taxpayer, returns may be filed electronically followed by submission of signed paper copy of ITR-Verification...
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CBDT guidelines for NGOs seeking exemption U/s. 11 for providing relief to earthquake hit people in Nepal- Part II
Subject : Part II of the Standard Operating Procedure (SOP) (Part I – 08.07.2015) for making application for claim of tax exemption u/s 11(1)(c) of the Income-tax Act, in respect of remittance of mone...
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Updating Of All India Inter Se Seniority List Of ITOs in Compliance of SC decision
UPDATING OF ALL INDIA INTER SE SENIORITY LIST OF ITOs DUE TO REVISION IN COMPLIANCE TO SUPREME COURT JUDGMENT DATED 27-11-2012 IN CASE OF N.R. PARMAR & OTHERS V. UOI & OTHERS LETTER F.NO.A-23012/04/20...
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CBDT sets Target of 1 Crore ‘New Taxpayers’ for F.Y.2015-16
F.No.310/03/2015-OT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 17th July, 2015 To All Pr. Chief Commissioners of Income-tax Subject; T...
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e-filed Return of Income for A.Y. 2013-2014 and 2014- 2015 can also be verified through EVC
F.No. 2251141/2015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, Dated- 20th of July, 2015 Order under section 119(1) of in...
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Migration of PAN lying in Old/Orphan/Defunct Jurisdiction–regarding
DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F.No. DGIT(S)/DIT(S)-I/AIS Misc./0010/2015, Dated: 16/7/2015 To, All the Principal Chief Comm...
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CBDT enables online Declaration of black money Outside India; Notifies form 6
The Electronic filing of Form 6 under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 has been enabled under the menu “e-File” after login. Taxpayers are request...