Income tax department notification

FM message to Income Tax Department on 161st Income Tax Day

Dy. No. 1759745 FM/FMP/2021 22/07/2021

Nirmala Sitharaman Minister of Finance and Corporate Affairs Government of India Dy. No. 1759745 FM/FMP/2021 22/07/21 Message My heartiest felicitation to the Income Tax Department on the occasion of the 161st Income Tax Day. System of Direct Tax in India, though, is much older than that. Our ancient texts are replete with references to p...

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DGFT IEC services not available from 01st June to 6th June 2021

Trade Notice No. 07/2021-22 26/05/2021

Following DGFT services will not be available from 1 st June 2021 to 6th June 2021: i. Application for a new IEC ii. Application for Amendments/Modification in an IEC iii. One-time linking of Aadhaar for e-sign purposes. In view of the above, all stakeholders may therefore plan their activities accordingly....

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Proceeding in CCD case was as per law: Income Tax Department

NO.ITO/PR/PRESS/2019-20 30/07/2019

A note said to be written by Shri. V G Siddhartha (VGS) of CCD is doing the rounds. Among others it was mentioned in the note about the attachment of Coffee day shares by the Income Tax department. The authenticity of the note is not known and the signature does not tally with Shri VGS's signature as available in his annual reports...

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No Income Tax Scrutiny of Senior Citizens and Small Tax payers Having Gross Income less then 10 Lakh

Press Release No.402/92/2006-MC (07 of 2011) 14/03/2011

The Income Tax Department today said that tax returns filed by senior citizens above 60 years and small taxpayers with gross total income of less than Rs 10 lakh will not be scrutinised in a routine manner. "It has been decided that during the financial year 2011-12, cases of senior citizens and small taxpayers, filing income-tax returns ...

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CBDT Press Release on I-T refund fraud in Mumbai

No.402/92/2006-MC (05 of 2010) 25/01/2010

On or about 12th January 2010, an officer in the Income Tax department, Mumbai, noticed that refunds had been issued from his jurisdiction without his knowledge or approval of his higher authorities. He immediately brought the matter to the notice of his superior officers. 2. On internal inquiry by the Income Tax department, it was found ...

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TDS on Salaries-Income Tax Provisions for Financial Year 2009-2010

Circular No. 1/2010-Income Tax 11/01/2010

The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head "Salaries" during the financial year 2009-2010 and explains certain related provisions of the Income-tax Act. The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax Department-...

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Sec. 195 of Income-tax Act – Remittances of Consular receipts

Circular No. 9/2009 - Income Tax 30/11/2009

Circular No. 9/2009 - Income Tax In view of the above, while remitting consular receipts abroad, diplomatic missions in India will be required to submit only a self certified undertaking in Form No 15CA to the remitter bank. They are not required to obtain a certificate from an accountant/ certificate of Assessing officer (Form 15CB). Th...

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Withdrawal of circular related to taxability of income accruing or arising through, or from, business connection in India to a non-resident

Circular No. 7/2009-Income Tax 22/10/2009

The Central Board of Direct Taxes had issued Circular No. 23 (hereinafter called "the Circular") on 23rd July 1969 regarding taxability of income accruing or arising through, or from, business connection in India to a non-resident, under section 9 of the Income-tax Act, 1961. 2. It is noticed that interpretation of the Circular by some ...

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New TDS and TCS payment and information reporting system

Circular No. 02/2009-Income tax 21/05/2009

CIRCULAR NO. 02 / 2009 One of the fundamental principles of financial accounting is that if a person claims credit for payment of money to a third person, the credit should be allowed only if the payment and the information relating to the transaction have been received from the third person. The advance tax and self assessment tax is p...

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Change in procedure related to Certification of remittance outside India by a Chartered Accountant (CA)

Notification No. 30/2009 - Income Tax F. No. 142/19/2007- TPL) 25/03/2009

Notification No. 30/2009 - Income Tax S.O. 857(E) - In exercise of the powers conferred by section 295 read with sub-section (6) of section 195 of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income...

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September 2021