Archive for the ‘Income Tax’ Category
Aug-21st-2010
The Authorized Signatory must use a fresh DSC having encrypted value of his PAN, as issued by Certifying Authorities with effect from 01/08/2010 in the following cases:
Non-Resident Companies where the Directors are foreign nationals
Companies where the I-T Return is being filed for fist Time.
Companies where managing directors has changed and other directors are unavailable or [...]
Aug-2nd-2010
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of filing of income tax returns to 4th August 2010 for taxpayers for whom the due date ends on 31st July 2010. All paper returns or e-returns filed on or before 4th August 2010 will be considered as filed within the due date.
The [...]
Jul-7th-2010
Net direct tax collections during first quarters of the present fiscal (up to June 2010) stood at Rs.68,675 crore, up from Rs.59,465 crore in the same period last fiscal, registering a growth of 15.49 percent. Growth in Corporate Taxes was 21.65 percent (Rs.43,439 crore as against Rs. 35,709 crore), while Personal Income Tax (including STT, [...]
Jul-2nd-2010
Income tax Department provide the facility to view the tax credit statement (Form 26AS) to the registred E-Filer under the menu of ”My Account” at www.incometaxindiaefiling.gov.in.
Jun-17th-2010
MAT will be calculated on the basis on Book Profit
Investment in tax Savings Scheme will be continue as Exempt Exempt Exempt (EEE)
For Exemption for the retirement benefits, it is proposed not to introduce the Retirement Benefits Account Scheme.
Employer Contribution to retirement benefits schemes within a prescribed limit shall not be considered as salary in the [...]
