News
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23/07/2013 10:15
File returns for salary up to Rs. 5 lakh a year
Unlike the past two years, salaried persons earning up to Rs. 5 lakh annually will have to file income tax returns, the Central Board of Direct Taxes (CBDT) said in a statement on Monday. The CBDT had exempted salaried employees having total income of up to Rs. 5 lakh including...
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08/07/2013 10:24
Taxpayers to get unique number for complaints
New Delhi: Taxpayers having grievances regarding their income tax refunds and tax computations will now get a unique acknowledgement number with an assurance that their complaint will be resolved within two months. The newly introduced number will not add to confusion and will be different from...
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08/07/2013 10:21
CBDT instructs higher officials to comply with HC’s mandamuses on sec. 143(1) intimation
INSTRUCTION NO.4/2013 [F.NO.225/76/2013/ITAT.II], DATED 5-7-2013 Hon'ble Delhi High Court vide judgment in case of Court On its Own Motion vs. UOI and Ors. in W.P. (C) 2659/2012 dated 14.3.2013 has issued Seven Mandamus for necessary action by income-tax Department one of which is...
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28/06/2013 17:39
I-T dept sends letters to 35,000 assessees for not filing returns
The government plans to collect over Rs6.68 lakh crore from direct taxes in the current fiscal, up from Rs5.65 lakh crore in the previous fiscal Continuing its drive against non-filers, the Income Tax (I-T) Department Monday sent letters to another 35,000 such assesses for not filing tax...
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18/06/2013 17:32
I-T dept may do away with paper scrutiny of tax returns
The new measure, expected to be operational within this financial year, will save the taxpayer from the hassle of sending the paper document by post and tracking its acknowledgement Millions of taxpayers who file income-tax (I-T) returns in electronic form may no longer have to post the ITR-V form...