Income Tax Archives - Page 6 of 9

Employees Provident Fund Organisation Joins network of Common Services Centers

October 27, 2016 NewsTaxIndia0 comments673 views

To expand the reach of convenience offered to EPF members, Employees Provident Fund Organisation (EPFO) has joined the network of Common Services Centers (CSC). A Memorandum of Understanding (MoU) has been signed between EPFO and CSC e-Governance Services India Limited (CSC SPV) on 25th October … Continue Reading →

Income Tax

Employees Provident Fund Organisation Joins network of Common Services Centers

October 27, 2016 NewsTaxIndia0 comments866 views

Income Tax

Revised Double Taxation Avoidance Agreement between India and Korea

October 27, 2016 NewsTaxIndia0 comments802 views

New Revised Double Taxation Avoidance Agreement (DTAA) between India and Republic of Korea comes into force with effect from 12th September, 2016; Will have effect in India in respect of income derived in fiscal years beginning on or after 1st April, 2017. A new revised … Continue Reading →

Income Tax

Revised Double Taxation Avoidance Agreement between India and Korea

October 27, 2016 NewsTaxIndia0 comments1058 views

Income Tax

Intimation u/s 143(1) for AY 2014-2015, 2013-2014 and 2012-2013 can be issued upto 31-03-2017

October 26, 2016 NewsTaxIndia0 comments185641 views

Issue of Intimation under section 143(1) of Income-tax Act, 1961 beyond the prescribed time in non-scrutiny cases-reg.- …It has come to notice that some returns-of-income having ‘claim of refund’ pertaining to Assessment Years 2014-2015, 2013-2014 and 2012-2013 were not processed within the time-frame … Continue Reading →

Income Tax

CBDT Releases data of Income Tax Return for AY 2013-14 and AY 2014-15

October 26, 2016 NewsTaxIndia0 comments874 views

CBDT releases data relating to Income Tax Return Statistics for Assessment Years (AY) 2013-14 & 2014-15; Reports containing the data are available at www. incometaxindia.gov.in Central Board of Direct Taxes (CBDT) had proactively released in April, 2016 time-series data relating to direct tax collections, number … Continue Reading →

Income Tax

Prohibition of Benami Property Transactions Rules, 2016

October 26, 2016 NewsTaxIndia0 comments1834 views

Prohibition of Benami Property Transactions Rules, 2016 CBDT Notification No. 99/2016, Dated: October 25, 2016 G.S.R. 1004(E). – In exercise of the powers conferred by section 68 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby makes the following rules, … Continue Reading →

Income Tax

CBDT Issued Certificates of Appreciation to Tax Payers

October 26, 2016 NewsTaxIndia0 comments798 views

CBDT issues second round of Certificates of Appreciation to another 10.15 lakh tax payers for their contribution towards Nation building The Union Finance Minister Shri Arun Jaitley, had personally handed-over the Certificates of Appreciation to a few individuals at North Block in the national capital … Continue Reading →

Income Tax

Compensation Received in Respect of Award or Agreement is Exempted from levy of Income Tax

October 25, 2016 NewsTaxIndia0 comments698 views

CBDT Circular No. 36/2016 – Taxability of the compensation received by the land owners for the land acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (‘RFCTLARR Act’) – reg. 1. Under the existing provisions of the … Continue Reading →

Income Tax

SMS Alert Service for Salaried Employees to Inform about their TDS Deposited Quarterly

October 25, 2016 NewsTaxIndia0 comments890 views

FM: Better tax payer services key to direct tax reforms; Launches SMS Alert Service for about 2.5 crore private and Government salaried employees in order to directly inform them about the deposit of tax deducted at the end of every quarter. The Union Finance Minister … Continue Reading →