Login  |  Register  |  Forgot Password 
Below Login Ad
Notifications/Circulars Category : Income Tax
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....

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 136

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1019

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 350

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 191

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 301

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 ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 137

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 258

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 ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 261

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 247

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...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 581

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 ...

Continue Reading...

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

CBDT invites suggestions on Exposing Hawala/ Suspicious Transactions
Posted Date : 18-Sep-2014 , 10:43:34 pm | Posted By: CASANSAAR

F.No.290/27/2013-Dir(inv.IV)/821 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE C ENTRAL BOARD OF DIRECT TAXES NEW DELHI-110055 Dated: September 15, 2014 OFFICE MEMORANDUM Subject: Invitation of suggestions for better management of Suspicious Transaction Reports (STRs) STRs constitute a strategically important source of information for Income Tax department. In the last few years the number of STRs has grown tremendously and is growing further. The departmen...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 301

Due date for payment of advance tax extended by three months for taxpayers in State of J&K
Posted Date : 18-Sep-2014 , 10:26:20 pm | Posted By: CASANSAAR

Considering the large-scale devastation in the State of Jammu andKashmir, due to the natural calamity, the Central Board of Direct Taxes hasissued an order to extend the date for payment of second instalment of advancetax for companies and first instalment of advance tax for others for FY 2014-15(AY 2015-16) from 15th September, 2014 to 15th December, 2014 in case of allthe tax payers in the State of Jammu and Kashmir. These taxpayers can now paytheir September 2014 instalment of advance tax by ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 225

ITR Due date extended to 30.11.2014 for assessees In state of Jammu & Kashmir
Posted Date : 16-Sep-2014 , 04:08:28 pm | Posted By: CASANSAAR

F. No. 225/268/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 16thSeptember, 2014 Order under Section 119 of the Income-tax Act, 1961 Considering the large scale devastation in the State of Jammu & Kashmir due to heavy rains and floods, the Central Board of Direct Taxes, in exercise of powers conferred undersection 119of theIncome-tax Act, 1961, hereby extends the `due-date' for...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 190

Income Tax Scrutiny Criteria for Financial Year 2014 - 15
Posted Date : 04-Sep-2014 , 04:04:10 pm | Posted By: CASANSAAR

Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, North-Block, IT (A-II) Division, New Delhi Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15. Instruction No. 6/2014 Dated- 2nd of September, 2014 Subject: Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15-regd:- In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 491

AO must seek Committee's approval to tax indirect transfer cases for income arising before 1-4-2012
Posted Date : 03-Sep-2014 , 09:45:12 pm | Posted By: CASANSAAR

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 2nd September, 2014 The Finance Minister in his budget speech on 10th July, 2014 had made an announcementthat all fresh cases arising out of the retrospective amendments of 2012 in respect of indirecttransfer and coming to the notice of Assessing officer will be scrutinized by a High LevelCommittee to be constituted by Central Board of Direct Taxes (CBDT) before any ac...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 190

CBDT directs officials to maintain appointment schedule with taxpayers in spirit of Citizen's Charter
Posted Date : 01-Sep-2014 , 08:13:40 am | Posted By: CASANSAAR

Government of India Ministry of Finance Department of Revenue { Central Board of Direct Taxes } Room No.155, North Block, New Delhi, Dated the 22″d August, 2014. OFFICE MEMORANDUM Subject: Instructions to maintain the schedule of appointments with tax payers etc.-reg. It has been brought to the notice of the Board that some of the officers are issuing notices to the taxpayers/witnesses/representatives etc. indicating a standard time of appointment. Thus, many persons calle...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 289

Finmin Notifies revised PPF Investment limit of Rs. 1,50,000/-
Posted Date : 21-Aug-2014 , 08:09:37 am | Posted By: CASANSAAR

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 13th August, 2014 G.S.R. 588 (E)... — In exercise of the powers conferred by sub-section (4) of Section 3 of the Public Provident FundAct, 1968 (23 of 1968), the Central Government hereby makes the following further amendments to the Public ProvidentFund Scheme, 1968, namely :— 1. (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2014. (2) It shall come into force from...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 381

Order Under Section 119 of the Income-tax Act, 1961 - Extension of due date for furnishing Audit Report
Posted Date : 20-Aug-2014 , 08:28:31 pm | Posted By: CASANSAAR

F.No.133/24/2014-TPL GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Room No. 147 B-II, North Block New Delhi, the 20th August, 2014 Order Under Section 119 of the Income-tax Act, 1961 In exercise of power conferred bysection 119of theIncome-tax Act(‘the Act’), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit undersection 44ABof theActfor Assessment Ye...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 441

Clarification regarding taxation of ‘Alternate Investment Funds’ having status of non-charitable trusts under the Income-tax Act, 1961
Posted Date : 29-Jul-2014 , 09:42:28 am | Posted By: CASANSAAR

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI Circular No. 13/2014, Dated July 28, 2014 Subject: – Clarification regarding taxation of ‘Alternate Investment Funds’ having status of non-charitable trusts under the Income-tax Act, 1961 – regarding. 1. The SEBI (Alterative Investment Funds) Regulations, 2012 (‘AIF Regulations’) vide Regulation No.4 issued in May 2012 aims at regulating all...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 401

Notifications/Circulars By Categories

More Categories

Hall of Fame for Notifications

Name Pic Notification Rank
Vinay Sharma 486 1
 
CA. SURESH Kr. AGARWAL 74 4
 
Akanksha Handa 70 17
 
CA. KRISHAN KUMAR SAINI 40 15
 
Ashish Karundia 10 8
 

Search Notifications/Circulars

 
 
 
www.casansaar.com
...keeps you updated
Home News Articles Forums Members Community Jobs Empanelment Files Matrimonials Students Queries Classifieds Events About us  Top Members Coaching Centres TestimonialsJudiciaryNotifications/CircularsBookseDirectoryWebsiteEmailseDirectory |   Score Board |   Press Release   |   Blood Bank   |   Opinion Poll   |   Feedback |   Advertise us |   Terms & Conditions |   Contact us
Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon

CASANSAAR Updates

↑ Grab this Headline Animator

Developed By: CASANSAAR Copyright@casansaar