CBDT

The deductor, issuing the Part A of Form No. 16 by downloading it from the TRACES Portal, shall, before issuing to the deductee authenticate the correctness of contents mentioned therein and verify the same either by using manual signature or by using digital signature in accordance with sub-rule (6) of Rule 31. Full Article

COMPILATION OF QUALITY SCRUTINY ASSESSMENT CASES COMPLETED DURING FINANCIAL YEAR 2012-13 LETTER [F.NO. 225/65/2013/ITA-II], DATED 11-4-2013 I am directed to draw your kind attention towards Board’s decision to review the Quality of assessments completed by the Assessing Officers during financial year 2012-13 in each CCIT/DGIT charge. The same finds mention in clause 2(k) of “Guidelines [...] Full Article

Given Below is the list of Income Tax Officers transferred by virtue of Annual Transfer of Income Tax Officers from Pune, Thane, Satara, Nashik, Dhule, Kalyan, Palghar, Ahmednagar, Kolhapur, Sangli, Satara, Ratnagiri, Ichalkaranji, Aurangabad, Jalgaon, Nanded, Parbhani, Beed, Panvel Under the Charge of CCIT/ DGIT (Inv.) Pune, Thane and Nashik. Download List in PDF Format [...] Full Article

The Income Tax department has decided to name and shame chronic tax defaulters by publicising their names and addresses. It is in the process of finalising the procedures of compiling the names and cases pertaining to habitual tax dodgers and subsequently uploading them on its website. Full Article

Mauritius is always a favourite among tourists across the world. However, Mauritius is also famous among worldwide investors for their tax friendly environment. As per an estimate 40% of portfolio inflows in India are coming from Mauritius. Like Mauritius, other tax havens i.e. Cyprus, Switzerland etc. allow easy parking of money either through investments or [...] Full Article

Central Direct Tax Advisory Committee (CDTAC) is to Develop and Encourage Mutual Cooperation between the Tax-Payers and the Income Tax Department and to Remove Administrative and Procedural difficulties of a General Nature: FM The Union Finance Minister Shri P. Chidambaram said that role of the Central Direct Tax Advisory Committee (CDTAC) is to develop and [...] Full Article

The Financial Year 2012-13 closes on 31-3-2013. In view of holidays on 27th and 29th of March and thereafter, on 30th and 31st March, being Saturday and Sunday it is directed that all the Income-tax Offices through out India shall remain open and the receipts counters shall also work during normal office hours on 30th and 31st of March 2013. Full Article

IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 [...] Full Article

The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on such payments aggregating to Rs. 3,859 crore. Full Article

The Central Bureau of Investigation has arrested a Senior Accounts Officer of CBDT,Mumbai and a private person for demanding & accepting bribe of Rs. 10000/- from the complainant . A case was registered against Senior Accounts Officer, Zonal Accounts Office, CBDT, Mumbai for demanding bribe of Rs.10,000/- from a complainant. The complainant has alleged that [...] Full Article