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Salaried Taxpayers with total Income up to Rs.5 lakh Exempted from filing Income Tax Return for Assessment Year 2011-12

  On 24 June 2011 at 10:33

The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011. Individuals having total in ...

7  comments |   3617 hits


Income Tax dept to pay Rs six lakh to road mishap victim

  On 03 June 2011 at 15:07

Income Tax dept to pay Rs six lakh to road mishap victim The Income Tax Department has been ordered by a road mishap tribunal to pay over Rs six lakhs as compensation to a photographer who suffered permanent disability after being hit by a depar ...

  0 comments |   2280 hits


Prakash Chandra takes over as Chairman CBDT

  On 01 June 2011 at 17:23

Prakash Chandra takes over as Chairman CBDT Shri Prakash Chandra, an IRS (IT) Officer of the 1973 batch, took over as Chairman of Central Board of Direct Taxes (CBDT) today afternoon. He will also continue to look after the work relating to Pers ...

1  comments |   1952 hits


Instructions regarding Standard Operating Procedure on filing of appeals to High Court under section 260A and related matters

  On 27 May 2011 at 14:53

Instructions regarding Standard Operating Procedure on filing of appeals to High Court under section 260A and related matters INSTRUCTION NO. 7 /2011 [F.NO. 279/MISC./M-42/2011-ITJ] DATED 24-5-2011 The Government has formulated the Nationa ...

  0 comments |   3350 hits


Amended DTAAs to help in dealing with black money: Pranab

  On 25 May 2011 at 10:28

Amended DTAAs to help in dealing with black money: Pranab Finance Minister Pranab Mukherjee on Tuesday exuded confidence that modified tax avoidance agreements with various countries and pacts with tax havens will help in dealing with the menace ...

  0 comments |   1888 hits


SEZ units need admin nod to claim service tax refund: Govt

  On 19 May 2011 at 11:26

SEZ units need admin nod to claim service tax refund: Govt The government has said that SEZ unit and developers would require the sanction of Unit Approval Committee for availing benefits of service tax refund. Besides, developers and units w ...

  0 comments |   1389 hits


SC dissatisfied over tardy tax evasion probe into 2G scam

  On 06 May 2011 at 15:36

SC dissatisfied over tardy tax evasion probe into 2G scam The Supreme Court on Thursday expressed displeasure over the tardy pace of probe by the Income Tax department into the tax evasion cases linked to 2G spectrum case, saying it wanted " ...

  0 comments |   899 hits


India seeks pressure on tax havens to share information

  On 06 May 2011 at 15:36

India seeks pressure on tax havens to share information Grappling with the problem of blackmoney, India on Wednesday asked the international community to impress upon non-cooperative jurisdictions to share information about funds stashed there. ...


I-T finds tax evasion in 2G; status report in SC today

  On 05 May 2011 at 11:00

I-T finds tax evasion in 2G; status report in SC today The Income Tax department has found instances of alleged tax evasion and "multiple routing" of undeclared wealth in the 2G spectrum allocation scam and will file its first status r ...

  0 comments |   882 hits


HC stays Centre's notification levying service tax on lawyers

  On 30 April 2011 at 11:02

HC stays Centre's notification levying service tax on lawyers In a relief to advocates across the country, the Delhi High Court on Friday stayed a Central government notification levying service tax on practising lawyers. "The notifi ...

6  comments |   2155 hits










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