Archive for the ‘Direct Tax’ Category

RBI releases Final Guidelines on Regulatory Framework for Core Investment Companies (CICs)

Aug-16th-2010

RBI has Issued the filnal guidelines on Regulatory Framework for Core Investment Companies (CICs), final gudelines are as under:
RBI/2010-11/168
DNBS (PD) CC.No. 197/03.10.001/2010-11
August 12, 2010
All Core Investment Companies
Dear Sir,
Regulatory Framework for Core Investment Companies (CICs)
The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly as investments in shares for holding [...]

CBDT Press Release: Mandatory to file electronic return for Individual & HUF who are required to get accouts audit u/s 44AB

Jul-16th-2010

 
The Central Board of Direct Taxes (CBDT) has amended the Rules relating to electronic filing of income tax returns vide Notification No.49/2010 dated 9th July 2010. The amended Rules will apply with effect from the date of notification in the official gazette.
As per the amended Rules, it is now mandatory for all companies to file [...]

[QUERY] notice which sent to assessee by the A.O.

Jun-24th-2010

so please send the complete detail of notice which sent to assessee by the A.O.

CBDT PR: CBDT have directed the Income Tax Department to make arrangements for receiving income tax returns on 31st July 2010

Jun-4th-2010

 
Income Tax Department will make the following special arrangement on last date to facilitate taxpayers in filing their income tax returns:
In Delhi, special counters will be set up in Pragati Maidan, as in earlier years, to receive about 5 lakh income tax returns that are filed in the last few days. The Chief Commissioner of Income [...]

CBDT PR: E-filing Facility of IT Return for A.Y. 2010-11 has been restored

May-22nd-2010

CBDT issued the press release that the Security Certificate of the Income Tax Department’s Internet Portal has been renewed, and The E-filing Facility of IT Return for Asst. Year 2010-11 has been restored. 
Taxpayers can now e-file income tax returns for AY 2010-11 without any difficulty.