Archive for the ‘Direct Tax’ Category

Amendment in Rule 12 of Income Tax Rules, 1962

May-4th-2013

NOTIFICATION NO. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E),  DATED 1-5-2013   In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 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-tax (3rd Amendment) [...]

CBDT Circular No 04/2013:Issuance of certificate for tax deducted at source in Form No. 16

Apr-26th-2013

CIRCULAR NO. 04/2013 New Delhi, the 17th April, 2013   Sub: Issuance of certificate for tax deducted atsource in Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules 1962 — regarding   Section 203 of the Income-tax Act 1961 [...]

CBDT Notification

Mar-5th-2013

NOTIFICATION NO. 11/2013 DATED 19-2-2013 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 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-tax (2nd Amendment) Rules, 2013. (2) [...]

Highlights of Budget 2013-14

Mar-1st-2013

HIGHLIGHTS OF BUDGET 2013-2014 DIRECT TAX PROPOSALS Imposed Surcharge on Individuals @ 10% if total income exceeds Rs. 1 crore Surcharge increased from 5% to 10% in case of corporate whose total income exceeds Rs. 10 crores. Tax Rebate Rs. 2000/- given to Individuals whose income does not exceed Rs. 5 lacs. Tax Deduction at [...]

CBDT Notification: Income-tax (First Amendment) Rules, 2013

Feb-7th-2013

Notification No. 8/2013 Dated 31-1-2013 In exercise of the powers conferred by clause (b) of section 13B, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (First [...]