CAN THE LOSS IN CURRENCY TRADING IN UNITED STOCK EXCHANGE BE ADJUSTED WITH BUSINESS INCOME.
Dec-15th-2011
CAN THE LOSS IN CURRENCY TRADING IN UNITED STOCK EXCHANGE BE ADJUSTED WITH BUSINESS
Archive for the ‘Direct Tax’ Category
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CBDT PR: Gross direct tax collection during April-October
Nov-8th-2011
New Delhi, dated the 4th November, 2011 PRESS RELEASE Gross direct tax collection during April-October of the current fiscal was up by 20.28 percent at Rs.284,081 crore as against Rs.236,176 crore in the same period last fiscal. While gross collection of corporate taxes was up 20.35 percent (Rs.189,872 crore against Rs.157,767 crore last year), gross
CBDT: Tax deduction at source on the deposits in banks in the name of the Registrar/ Prothonotary and Senior Master attached to the Supreme Court/ High Court etc during the pendency of litigation of claim/compensation-reg.
Oct-18th-2011
CBDT issued a circular regarding TDS on Deposits in banks, key points of the circular are as under: CIRCULAR NO 08/2011 New Delhi, the 14th October, 2011 Subject: Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonotary and Senior Master attached to the Supreme Court/ High Court
CBDT Advisory:Check your tax credits in 26AS statement before filing IT return for faster processing and quick refunds
Jul-9th-2011
Introduction Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains Details of tax deducted on behalf of the taxpayer by deductors Details of tax collected on behalf of the taxpayer by collectors Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN
CBDT Notification: Exemption of furnishing Income tax Return u/s 139(1) to specified Persons for Asst. Year 2011-12
Jun-29th-2011
NOTIFICATION NO. 36/2011 [F. NO. 142/09/2011 (TPL)], DATED 23-6-2011 In exercise of the powers conferred by sub-section (1C) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby exempts the following class of persons, subject to the conditions specified hereinafter, from the requirement of furnishing a return of income under
