Transfer of Non-Gazetted Staff from one charge to another under Central Board of Direct Taxes – Relaxation of conditions GOVERNMENT OF INDIA MINISTRY OF FINANCE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No.6, Vasant Kunj Institutional Area Phase-II New Delhi 110070. Ph. 26130592. Fax 26130594. F No. … Read more
Extension of Returns E-Filed with Refund Claims CBDT Extends Time-Limit for Filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 Till 31.03.2014 for Returns E-Filed with Refund Claims The Central Board of Direct Taxes (CBDT) has extended the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns … Read more
Direct Taxes Code for public discussion The Direct Taxes code (DTC) is ready and it will be placed on the website for a public discussion Direct Taxes Code (DTC) to be put on the website of the ministry for public discussion While presenting the Inerim Budget 204-15 in Parliament, Finance Minister P.Chidambaram said the Direct … Read more
No income Tax on Salaried Class – BJP ‘BJP vision panel may propose no income tax on salaried class’ Senior BJP leader Subramanian Swamy today said his party’s vision committee might propose either “no income tax” on the service class or give full tax exemption on their net savings. “The party’s vision committee headed by … Read more
Change in procedure for PAN allotment. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 24th January, 2013 Press Release The procedure for PAN allotment process will undergo a change w.e.f.03.02.2014. From this date onwards, every PAN applicant has to submit sefl-attested copies of Proof of Identiy (POI), Proof … Read more
RATES OF INCOME-TAX AS PER FINANCE ACT, 2013 As per the Finance Act, 2013, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head “Salaries” for the financial year 2013-14 (i.e. Assessment Year 2014-15) at the following rates: 2.1 Rates of tax A. Normal Rates of tax: … Read more