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Notifications/Circulars Category : Income Tax
CBDT directs AOs to stop coercing taxpayers for admitting undisclosed income during search/survey proceedings
Posted Date : 19-Dec-2014 , 06:05:20 pm | Posted By: CASANSAAR

CBDT directs AOs to stop coercing taxpayers for admitting undisclosed income during search/survey proceedings....

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Category : Income Tax | Comments : 0 | Hits : 91

CBDT notifies limit of 50% Govt. grant for deeming university/hospitals as substantially funded by Govt.
Posted Date : 16-Dec-2014 , 09:19:18 pm | Posted By: CASANSAAR

S.O. 3168 (E). – In exercise of the powers conferred by section 295 read with sub-clauses (iiiab) and(iiiac) of clause (23C) of section 10of the Income-tax Act, 1961 (43 of 1961), the Central Board ofDirect Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...

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Category : Income Tax | Comments : 0 | Hits : 94

CBDT revises jurisdictions of DGITs, DITs of Intelligence and Criminal Investigation wing
Posted Date : 12-Dec-2014 , 07:52:20 am | Posted By: CASANSAAR

CBDT revises jurisdictions of DGITs, DITs of Intelligence and Criminal Investigation wing...

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Category : Income Tax | Comments : 0 | Hits : 201

CBDT releases circular on tax deduction from salaries for financial year 2014-15
Posted Date : 10-Dec-2014 , 09:44:42 pm | Posted By: CASANSAAR

CIRCULAR NO : 17/2014 F.No. 275/192/2014-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated 10th December, 2014 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THEFINANCIAL YEAR 2014-15 UNDER SECTION 192 OF THE INCOMETAX ACT, 1961. Reference is invited to Circular No.08/2013 dated 25.10.2013 whereby the rates ofdeduction of income-tax from the payment of income under the head "Salaries" u...

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Category : Income Tax | Comments : 0 | Hits : 1119

CBDT notifies CIT(E) for granting Sec. 10(23C) approval to trusts
Posted Date : 04-Dec-2014 , 08:23:25 am | Posted By: CASANSAAR

CBDT notifies CIT(E) for granting Sec. 10(23C) approval to trusts...

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Category : Income Tax | Comments : 0 | Hits : 226

CBDT notifies CIT(E) for granting Sec. 10(23C) approval to educational institutions/hospitals
Posted Date : 04-Dec-2014 , 08:22:33 am | Posted By: CASANSAAR

CBDT notifies CIT(E) for granting Sec. 10(23C) approval to educational institutions/hospitals...

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Category : Income Tax | Comments : 0 | Hits : 178

AOs not to frame high pitched assessments on taxpayers of J&K State if their books were destroyed in floods: CBDT
Posted Date : 02-Dec-2014 , 09:49:36 pm | Posted By: CASANSAAR

It has come to the notice of the Board that due to recent devastation caused by the floods inthe State of Jammu & Kashmir, the income-tax assessees of that State are facing difficulties inensuring compliance either with the requirements under ongoing scrutiny assessment proceedingsor with respect to notices u/s 143(2) of the Income Tax Act, 1961 ('Act') issued recently. 2. In such cases, where an assessee under scrutiny claims that he is unable to make certaincompliances due to destructio...

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Category : Income Tax | Comments : 0 | Hits : 139

I-T department designed a new functionality for generating MIS of Auditable cases under Secs 143(3), 144 and 147
Posted Date : 01-Dec-2014 , 09:51:22 pm | Posted By: CASANSAAR

AST Instruction No.132 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F. No. AST/Inst. No. 132/Auditable cases-MIS/78/2014-15 Dated: 27.11.2014 To, The Principal Chief Commissioner of Income-tax /CCsIT(By Name) Ahmedabad/ Allahabad/ Amritsar/ Bangalore/ Baroda/ Bhopal/ Bhubaneshwar/ Bareilly/ Chandigarh/ Chennai/ Cochin/ Coimbatore/ Dehradun/ Delhi/ Durgapur/ Guwahati/ Hubli/ Hyderabad/ Indore/ jaipur/ Jalpaiguri/ Jodhpur/ K...

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Category : Income Tax | Comments : 0 | Hits : 918

Due date for Filing Return in Jammu & Kashmir extended to 31.03.2015
Posted Date : 30-Nov-2014 , 09:32:09 am | Posted By: CASANSAAR

F.No. 225/268/2014/ITA.II Dated- 28th of November, 2014 Order under Section 119 of the Income-tax Act, 1961 Considering the devastation due to floods in the State of Jammu & Kashmir, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961 (`Act’) and in continuation to the earlier order under section 119 of the Act dated 16.09.2014, hereby further extends the ‘due date’ of furnishing return of income from 30th ...

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Category : Income Tax | Comments : 0 | Hits : 198

Settlement Application - Assessment deemed to be concluded when order is made and not when served; CBDT clarifies
Posted Date : 18-Nov-2014 , 08:04:52 am | Posted By: CASANSAAR

Chapter XIX-A of the Income-tax Act, 1961 contains provisions relating tosettlement of cases by the Income-tax Settlement Commission (ITSC). Theprovisions contained in the said chapter were amended by Finance Act, 2007and a Revised Settlement Scheme was put in place. Explanatory Circular No.3/2008 dated 12.03.2008 issued by CBDT vide para 61 (comprising sub paras61.1 to 61.17) deals with Revised Settlement Scheme....

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Category : Income Tax | Comments : 0 | Hits : 157

Income Tax Department to remain open on 15th November, 2014
Posted Date : 12-Nov-2014 , 07:40:23 am | Posted By: CASANSAAR

F.No.225/298/20114/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 11th of November, 2014 Order under Section 119(1) of the Income-tax Act, 1961 The Income-tax Offices throughout the country shall remain open on 15th November (Saturday), during normal office hours, for conducting the administrative work related to implementation of the restructuring of jurisdictions across the country which is coming into effect...

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Category : Income Tax | Comments : 0 | Hits : 1041

Press Release regarding instruction issued to ensure a non-adversarial tax regime within the Income-tax Department
Posted Date : 08-Nov-2014 , 07:55:39 am | Posted By: CASANSAAR

In its constant endeavour towards a non-adversarial tax regime, the CentralBoard of Direct Taxes(CBDT) has issued instruction dated 7th November, 2014 to itsfield offices. Emphasis has been laid on cleanliness in office, punctuality, timelinessin appointment and avoiding unnecessary adjournments. Though less that 1% ofreturns filed are selected for scrutiny, this area of work has often drawn adversarialcomments. Supervisory officers, have been directed to play a more pro-active role inmonitoring...

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Category : Income Tax | Comments : 0 | Hits : 361

U/S 144C Income Tax Act 1961 - Jurisdiction of DRP for cases and class of cases amended by CBDT
Posted Date : 03-Nov-2014 , 07:56:26 am | Posted By: CASANSAAR

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes FT &TR-II Division F. No. 500/12/2013-SO/FT&TR-2(1) New Delhi, dated 30thOctober, 2014 ORDER NO. 12/FT&TR/2014 In partial modification toOrder No. 7/FT&TR/2013 dated 14thNovember, 2013and in exercise of the powers conferred undersection 144Cof theIncome-tax Act, 1961(43 of 1961)read withIncome-tax (Dispute Resolution Panel) Rules, 2009as amended from time to time and keeping in...

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Category : Income Tax | Comments : 0 | Hits : 206

Measures for Revenue Augmentation - calling for returns of income in the case of non-filers for AY 2014-15 regarding
Posted Date : 31-Oct-2014 , 06:42:40 pm | Posted By: CASANSAAR

DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F. No. DIT(S)-II/Non-filers/2014-15/4011 Dated: 29.10.2014 To, The Principal Chief Commissioner of Income-tax / Chief Commissioner of Income-tax (By Name) Ahmedabad / Allahabad / Amritsar / Bangalore / Baroda / Bhopal / Bhubaneswar / Bareilly/ Chandigarh / Chennai / Cochin / Coimbatore / Dehradun / Delhi / Durgapur / Guwahati / Hubli / Hyderabad / Indore/ Jaipur / Jalpaiguri / Jo...

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Category : Income Tax | Comments : 0 | Hits : 322

Framing of scrutiny assessments in cases of fish farmers involved in running inland fresh water fish tanks-regarding
Posted Date : 30-Oct-2014 , 08:22:15 am | Posted By: CASANSAAR

INSTRUCTION NO. 8/2014 F. No. 225/271/2014-ITA.II GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Room No. 143E, North Block, New Delhi Dated the 27thOctober, 2014 To All Pr. Chief-Commissioners of Income-tax/Chief-commissioners of Income-tax All Pr. Directors-General of Income-tax/Directors-General of Income-tax Sir/Madam Subject:- Framing of scrutiny assessments in cases of fish farmers involved in running inland fresh water fish ...

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Category : Income Tax | Comments : 0 | Hits : 143

Press Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of India
Posted Date : 20-Oct-2014 , 05:54:58 pm | Posted By: CASANSAAR

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 18thOctober, 2014 Press Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of India Union of India has filed I.A. No. 14 seeking the following clarifications with regard to theorders dated 4.7.2011and 1.5.2014, passed by the Hon’ble Supreme Court of India in WP(C) 176 of 2009 (Ram Jethmalani & Ors V. Union...

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Category : Income Tax | Comments : 0 | Hits : 264

CBDT extends due date of filing TDS/TCS returns in State of Andhra Pradesh, J&K, Odisha and Telangana
Posted Date : 18-Oct-2014 , 08:24:26 am | Posted By: CASANSAAR

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE 17thOctober, 2014 Last date of filing of the TDS/TCS Statements for the 2ndQuarter ofFinancial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended. In view of the recentnaturalcalamities in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana, the Central Board of Direct Taxes has issued an ...

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Category : Income Tax | Comments : 0 | Hits : 273

Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry
Posted Date : 09-Oct-2014 , 10:51:30 pm | Posted By: CASANSAAR

F. No. 178/84/2012-ITA.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 14/2014 New Delhi, the 8th October, 2014 Subject : Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry. CBDT had issuedCircular No.12/2014 dated 18thJuly, 2014to clarify that mere transfer or re-deployment of existing technical manpower from an existing unit to a new...

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Category : Income Tax | Comments : 0 | Hits : 253

Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding.
Posted Date : 30-Sep-2014 , 07:44:35 am | Posted By: CASANSAAR

Instruction No. 07/2014 Government of India Ministry of Finance Department of Revenue (CBDT) Room No. 143E, North-Block, New-Delhi Dated the 26thof September, 2014 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax All Pr. Directors-General of Income-tax/Directors-General of Income-tax Sir/Madam Subject: - Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding. It has come to...

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Category : Income Tax | Comments : 0 | Hits : 586

CBDT extended due date for filing of return to November 30, 2014; no extension to Cos/Firms not liable to tax audit
Posted Date : 27-Sep-2014 , 08:15:36 am | Posted By: CASANSAAR

F.No.153/53/2014-TPL (Pt.I) GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)**** North Block, TPL DivisionNew Delhi, the 26th September, 2014Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 ("the Act") read with rule 6G of the Income-tax Rules, 1962 ("the Rules") requires certain persons to file tax audit report in Form No.3CA/Form No.3CB along with prescribed particulars in Form No.3CD. Vide Notification ...

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Category : Income Tax | Comments : 0 | Hits : 363

 
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