Central Board of Direct Taxes (CBDT) issued a press release on 31-12-2015 regarding streamlining scrutiny assessment proceedings and facilitating electronic communication. The Income Tax Department is committed to providing fair and transparent tax administration and continuously improve taxpayer services. Taking another step in this direction, Central Board of Direct Taxes (CBDT) …

Section 195 of the Income-tax Act (‘the Act’) empowers the Central Board of Direct Taxes to capture information in respect of payments made to non-residents, whether chargeable to tax or not. Rule 37 BB of the Income-tax Rules has been amended to strike a balance between reducing the burden of …

The US Federal Reserve on Wednesday hiked its benchmark interest rate by 0.25 basis points as widely expected. This is the first time in nearly a decade that the US central bank has raised rates. The Fed’s move was being closely watched globally because it impacts financial markets and commodities. US …

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   PRESS RELEASE   New Delhi, 15th December, 2015   Subject: Amendment of Rules regarding quoting of PAN for specified transactions – regarding. The Government is committed to curbing the circulation of black money and widening …

Many taxpayers who have filed their income tax return and claimed income tax refund are wondering why they have not received their tax refund. If you have filed your return online, you can check your refund status on the income tax portal at incometaxindiaefiling.gov.in With the introduction of Electronic Clearing …

10 common mistakes for not getting timely income tax refundIncome Tax  Refund: I have filed income tax return and claimed income tax refund, but till now I have not received my refund. How do I know about my refund status? Refund will be delivered only after processing of income tax …

                Income Tax Jurisdiction list of Non-Corporate Assessees in Bangalore with effect from 15th November, 2014 AREAS FALLING IN THE PIN CODE/ Principal source of income from Ward [in Bengaluru] Circle [in Bengaluru] Range [in Bengaluru] CIT Charge CCIT Region 560001, & 560038 …

                Income Tax Jurisdiction of Salary Assessees in Bengaluru with effect from 15th November, 2014 BRIEF DISCRETION OF THE CLASS OR CASESOF ASSESSEES COVERED Ward [in Bengaluru] Circle [in Bengaluru] Range [in Bengaluru] CIT Charge CCIT Region Alt Central Govt employees whose 5th …

                  Jurisdictions of Corporate assessees & their Managing Director/Directors/Managers/Secretary’s in Bengaluru with effect from 15th November, 2014 S. No. Alphabet / other areas Ward[in Bengaluru] Circle[in Bengaluru] Range[in Bengaluru] CIT Charge CCIT Region 1 “AA” TO “AL” ITO, WARD-1(1)(1) CIRCLE-1(1)(1) RANGE-l(l) pr. …

The Ministry of Corporate Affairs has issued circular no. 15/2015 today i.e. 30th November, 2015 to extend the due date of filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement)and relax the additional fees for the forms filed till 30th December, 2015. Earlier MCA has extended filing date to 30th …