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Circular No.9 of CBDT
CBDT has issued the Circular No.9 issuing clarifications on the remittances to non-residents under section 195 of the Income-tax Act. Circular No. 9
Selection for the post of Members of the CBDT
Some posts of Members in the Central Board' of Direct Taxes in the Department of Revenue in the pay scale of Rs. 80,000/- (Fixed) are likely to fall vacant in the next financial year i.e. 2010-11. Kindly see the letter dated 27.11.2009 of the CBDT for details regarding eligibility and proforma for application. Letter
Circular No.8 of CBDT
CBDT has issued the Circular No. 8 regarding applicability of provisions under Section 194J of Income Tax Act'61 on payments made by Third Party Administrators (TPAs) to hospitals on behalf of insurance companies for settling medical/insurance claims etc with the hospitals. Circular
Notification of the Income-tax (Dispute Resolution Panel) Rules, 2009
The CBDT has notified the rules to regulate the procedure of the Dispute Resolution Panel (DRP) constituted under section 144C of the Income Tax Act, 1961 inserted by the Finance Act 2009. The rules come into effect from 20th November 2009. Under the said rules, DRPs will be constituted at eight cities in India, namely Delhi, Mumbai, Ahmedabad, Kolkata, Chennai, Hyderabad, Bengaluru and Pune. The Dispute Resolution Panel will be a collegium comprising of three Commissioners of Income Tax. The mechanism is investor-friendly and is also expected to reduce taxpayer grievance and litigation. Notification
New Member joins CBDT
Shri Durgesh Shankar joined as Member of the Central Board of Direct Taxes on 6th November. Shri Shankar belongs to 1973 batch of the Indian Revenue Service. Before joining the CBDT, he was a Chief Commissioner of Income Tax in Delhi. He has also served, on deputation, as Managing Director of Central Cottage Industries Corporation and Senior Director of Crafts Museum, Ministry of Information & Broadcasting, Department of Science & Technology and Ministry of Railways. Press Release
Impressive growth in the Direct Tax Collections
Net direct tax collections during first eight months of the present fiscal (up to November 2009) stood at Rs.1,83,822 crore, up from Rs.1,77,251 crore in the same period last fiscal, registering a growth of 3.71%. Press Release
CBDT circular no 7 of 2009
CBDT has issued circular no 7 of 2009 by which it has withdrawn earlier circular no 23 dated 23rd July, 1969 and two related ciruclar nos 163 and 786. Circular
Notification-IV for Departmental Examination - 2009 for ITOs and ITIs
The Directorate of Income-tax (IT) has issued Notification-IV dt. 19.10.2009 about Negative Marking and Paper IV of ITO Exam for the Departmental Examination 2009 and Observer List alongwith format for Observer's report.
1. Notification
2. Observer List I
3. Observer List II
4. Special Observers
5. Observer Report Format
The Directorate of Income-tax(IT) has issued admit cards and roll numbers to the candidates of the new pattern of the Departmental Examination 2009.
The Directorate of Income-tax(IT) has issued tadmit cards and roll numbers to the candidates of the new pattern of the Departmental Examination 2009.The admit cards can be downloaded by the candidates by filling their application number and centre choice. ADMIT CARD - DE 2009 (NEW PATTERN)
Following instructions may be kept in mind by the candidates:-
(i) For ITO Examn., Asansol, Jalpaigudi candidates have been given Kolkata Centre.
(ii) For ITO/ITI Examn., Silchar candidates have been given Guwahati Centre.
(iii) For ITI Examn. Barelly candidates have been given Lucknow centre.
List of candidates ( 69 for ITO and 14 for ITI) who were not allotted admit cards for wrong eligibility as per application forms.
1. Wrong Eligiblity List I
2. Wrong Eligiblity List II
3. Wrong Eligiblity List III
4. Wrong Eligiblity List IV
5. Wrong Eligiblity List V
CBDT has rescheduled the ITI/ITO/MS Examination 2009
The old/new pattern of Departmental Examination 2009 for ITOs/ITIs/MS have been rescheduled in view of assembly elections in certain states.
1. Notification
2. Schedule for Collection of Papers
3. Schedule for ITI/ITO Exam
4. Schedule for MS Exam
CBDT has issued amendments in Income Tax Act 1962 (the Act)
The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs.50,000 (rupees fifty thousand) Press Release
Growth in Direct Tax collections (Upto September, 2009)
Net direct tax collections during first six months of the present fiscal (up to September 2009) stood at Rs.1,52,625 crore, up from Rs.1,47,197 crore in the same period last fiscal, registering a growth of 3.69 percent. Growth in Corporate Taxes was 5.55 percent (Rs.1,00,572 crore as against Rs.95,283 crore), while Personal Income Tax (including STT, and residual FBT and BCTT) grew at 0.38 percent (Rs.51,897 crore as against Rs.51,700 crore). Lower growth in net collection was mainly on account of higher tax refund outgo of 51.1 percent at Rs.28,281 crore as against Rs.18,717 crore last fiscal. Press Release
CBDT Notification
The Central Board of Direct Taxes has issued Notification for CPC Jurisdiction. Notification
Extension of date of filing of the tax audit report under section 44AB
The Central Board of Direct Taxes have extended the due date of filing income-tax return and obtaining tax audit report under section 44AB of the Income Tax Act 1961, due on 30th September 2009, up to 31st October 2009 in the case of income tax assesses in Pune, Satara, Kolhapur and Sangli districts in the state of Maharashtra. Notification
CBDT Press Release
CBDT has Notified that the due date for filing tax return in Pune, Sangli & Kolhapur has been extended till 31st October 2009. Press Release
Growth in Direct Tax collections (April - August, 2009)
Net direct tax collections during first five months of the present fiscal (up to August 2009) stood at Rs.87,888 crore, up from Rs.84,409 crore in the same period last fiscal, registering a growth of 4.12 percent. Growth in Corporate Taxes was 1.84 percent (Rs.49,339 crore as against Rs.48,450 crore), while Personal Income Tax (including STT, and residual FBT and BCTT) grew at 7.40 percent (Rs.38,491 crore as against Rs.35,840 crore). Lower growth in net collection was mainly on account of higher tax refund outgo of 52.61 percent at Rs.24,639 crore as against Rs.16,145 crore last fiscal. Press Release
Clarification regarding deduction of tax at source from payments of second installment of arrears to Government employees on account of implementation of Sixth Central Pay Commission’s recommendations
CBDT has issued clarification vide Circular No. 6 of 2009 regarding the deduction of TDS on second installment of arrears to Government employees on account of implementation of Sixth Central Pay Commission’s recommendations and payment of the deducted tax to the account of the Central Government as per the Income-tax Rules.
Extension of time limit for filing ITR-V form
The Central Board of Direct Taxes had, vide circular No.3/2009 dated 21.05.2009, allowed assessees who file their income tax returns in electronic form without digital signature to submit their verified ITR-V form, within a period of 30 days, thereafter. The ITR-V form was required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post.
It has now been decided to extend the time limit for filing the ITR-V form by relaxing the stipulations in the circular dated 21.05.2009. The ITR-V form relating to returns which have been filed electronically (without digital signature) on or after 1st April, 2009 can now be filed on or before the 30th September, 2009 or within a period of 60 days of uploading of the electronic return data, whichever is later. The ITR-V should continue to be sent by ordinary post to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100.
Draft Direct Tax Code
The Honorable Finance Minister released the Draft Direct Tax Code and the Discussion Paper on 12th August, 2009. An attempt has been made to simplify the language to enable better comprehension and to remove ambiguity to foster voluntary compliance. Kindly go to the official website of the Ministry of Finance to submit your comments.
Growth in net direct tax collections
Net direct tax collections during first four months of the present fiscal (up to July 2009) stood at Rs.73,990 crore, up from Rs.71,648 crore in the same period last fiscal, registering a growth of 3.27 percent. Growth in Corporate Taxes was 2.61 percent (Rs.42,685 crore as against Rs.41,598 crore), while Personal Income Tax (including STT, FBT and residual BCTT) grew at 4.33 percent (Rs.31,279 crore as against Rs.29,982 crore). Press Release
Annual Conference of Chief Commissioners & Directors General of Income Tax
The 25th Annual Conference of Chief Commissioners & Directors General of Income Tax will be held at the Convention Hall, The Ashok, Chanakyapuri, New Delhi on 11th & 12th August, 2009. The Finance Minster will inaugurate and deliver the keynote address on 11th August 2009. The Conference will deliberate upon ways and means to maximise direct tax collections; further improve taxpayer services; and optimise response to taxpayer grievances. Press Release
Applications for Appointment as Junior/Senior Standing Counsels, Indore
Applications in the prescribed proforma are invited from the eligible aspirants for Appointment as Junior/Senior Standing Counsels for representing the offices of Income Tax Department before Honorable Madhya Pradesh High Court in direct taxes matters falling under the jurisdiction of Chief Commissioner of Income Tax, Indore. Notification & Schedules
Recruitment of Meritorious Sportspersons in Income Tax Department, Gujarat
The Chief Commissioner of Income-tax, (Cadre Controlling Authority), Ahmedabad, invites applications for the recruitment of meritorious Sportspersons in different games / sports as listed below in Group 'C' posts for various Income-tax offices situated in Gujarat. Notification
Notification issued for the Departmental exams (ITOs/ITIs)
The Directorate of Income-tax (IT) has issued Notification-II for the Departmental Examination 2009. The 2009 Examination for ITOs/ITIs shall be held both in the old as well as new pattern. For details, kindly see the 'Departmental News' section of the website.
New Member joins CBDT
Shri Narindar Singh (IRS – 1972 batch) has joined the Central Board of Direct Taxes as Member. Press Release
Encouraging First Quarter Figures of Direct Tax Collections (up to June 2009)
Net direct tax collections during first three months of the present fiscal (up to June 2009) stood at Rs.59,465 crore, up from Rs.57,373 crore in the same period last fiscal, registering a growth of 3.65 percent. Growth in Corporate Taxes was 3.31 percent (Rs.35,709 crore as against Rs.34,566 crore), while Personal Income Tax (including FBT and STT) grew at 4.38 percent (Rs.23,780 crore as against Rs.22,782 crore). Lower growth in net tax collection was mainly on account of higher tax refund outgo of 52.01 percent at Rs.17,600 crore in the present quarter as against Rs.11,578 crore in the first quarter last fiscal. Press Release
CBDT Notification
CBDT has notified that the Organization Eye Research Centre, Chennai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-Tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-Tax Rules, 1962 (said Rules), with effect from Assessment Year 2009-10 in the category of 'Other Institution'. Notification in English, Notification in Hindi
Transfer of Operation and Maintenance of Industrial Parks
The Department of Revenue has intimated the transfer of Operation and Maintainenace of two industrial Parks M/s. Akruti City Limited and M/s. Fern Infrastructure Pvt. Ltd. Intimation
Directorate of Income-tax (IT) has issued notification dt. 10.07.09 for 2009 Departmental Examination for ITOs/ITIs/MS
>Directorate of Income-tax (IT) has issued notification dt. 10.07.09 for 2009 Departmental Examination for ITOs/ITIs/MS alongwith new DE Rules and new Syllabus for all three cadres. The 2009 ITO/ITI Examn. would be held according to the new Rules and new Syllabus where MS Examn. would be held according to the 1998 Rules and corresponding syllabus. For MS Examination, the new rules would be effective from 2010 Examination onwards. Kindly see the 'Departmental News' section of the website for further details.
Procedure for representation before BIFR and AAIFR - Circular No-5/2009
In supersession to all circulars and instructions of the Central Board of Direct Taxes (CBDT) has issued procedure for representation before BIFR and AAIFR. Circular
Electronic furnishing of information of remittance of payment to a non-resident or to a foreign company in Form 15CA
Facility for electronic furnishing information relating to foreign remittances in Form 15CA in accordance with section 195 (6) of the Income-tax Act, 1961 read with rule 37BB of the Income-tax Rules, 1962 is available. Kindly see the Foreign remittance (Form 15CA) button on the Home page. More.
CBDT Press Release on deferment of implementation of Notification No.31 of 2009
The CBDT have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being. Press Release
Remittances to non-residents under section 195 of the Income-tax Act – Circular of CBDT
CBDT has issued a circular on remittances to non-residents under section 195 of the Income-tax Act. Circular
CBDT circular
The Central Board of Direct Taxes have issued a vide notification S.O. No.866 (E) dated 27th, March, notified the new forms ITR-1,ITR-2,ITR-3,ITR-4,ITR-5,ITR-6,ITR-7 and ITR-8 for Assessment Year 2009-10. Circular
Growth in Direct Tax collection during the Financial Year 2008-09
Net direct tax collections during first two months of the current fiscal (2009-10) stood at Rs.24,158 crore, up from Rs.22,840 crore, registering a growth of 5.77%. Growth in Corporate Taxes was 5.56% (Rs.8,578 crore as against Rs.8,126 crore), while Personal Income Tax (including FBT, STT and BCTT) grew at 5.92% (Rs.15,559 crore as against Rs.14,690 crore). Overall refund outgo during the period increased by 26.19% (Rs.11,375 crore as against Rs.9,014 crore) while refunds to non-corporate taxpayers grew by 61.7% (Rs.2,149 crore against Rs.1,329 crore), spurred by faster processing of returns on the new national computer network. Press Release
Growth in Direct Tax collection during the Financial Year 2008-09
Net direct tax collection during the fiscal 2008-09 stands at Rs.338,212 crore, up from Rs.312,202 crore during 2007-08, registering a growth of 8.33 percent. Growth in Corporate Taxes was 10.84% , while Personal Income Tax (including FBT, STT and BCTT) grew at 9.09%. Despite economic slow-down and substantial relief to non-corporate taxpayers, direct tax collections exceeded the previous year's collection by about Rs.26,000 crore. Press Release
Circular regarding the new Return Forms for Assessment Year 2009-10
CBDT has issued Circular No.3 dated 21st May, 2009 explaining the provisions regarding filing of new ITRs for Assessment Year 2009-10. Circular
Circular on new TDS and TCS payment and information reporting system
CBDT has issued a circular clarifying the new provisions related to TDS and TCS payment issued vide Notification No. 858(E), dated 25th March, 2009. Circular
The CBDT has decided to defer the implementation of Notification No.31/2009 dated 25.3.2009
The CBDT has decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962. The amended / substituted Rules will now come into effect on 1st July 2009 instead of 1st April 2009. Press Release
Notification of CBDT
CBDT has notified for general information that the organization The South Indian Education Society, Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.2009 in the category of ‘other Institution’. Press Release
Notification of CBDT – extension of benefit of enhanced depreciation
The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009 vide notification dated 21st April, 2009 issued by CBDT. Press Release
Revision of the existing Double Taxation Avoidance Agreement (DTAA) between India and Syrian Arab Republic
India and Syrian Arab Republic have revised the existing Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income. Press Release
Notification on ITR Forms for the A.Y. 2009-10 (F.Y. 2008-09)
CBDT has notified the ITR forms for the A.Y. 2009-10 (F.Y. 2008-09) vide Notification dated 27th March, 2009.Notification
Multimodal Biometric Pan Project
ConsequentWith reference to the EOI response submitted to Department of Income Tax for ‘End to End Implementation of Biometric Enabled PAN Issuance System’ vide F.No. oPAN/1/11/2008 on 09.03.2009, the consortiums of the Bidders have been short listed for the second stage of tendering process. Shortlisted bidders
Appointment of new member of CBDT
Consequent upon the retirement of Smt. Sunita Kaila, Member (Investigation), Shri C. S. Kahlon (1973 batch of the Indian Revenue Service) has joined the Central Board of Direct Taxes as Member. Press Release
CBDT Notification
CBDT has issued a notification S.O. 858(E)in exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961). Notification
CBDT has released Explanatory notes to the provisions of the Finance Act, 2008 vide Circular No 1/09 dated 27th March 09
Circular
Extension of last date of submission of responses (bids) - Appointment of Webmaster for Design, development, content management and maintenance of website of Income Tax Department
The last date of submission of responses (bids) in connection with the RFP dated 17th March, 2009, issued for appointment of Webmaster for Design, development, content management and maintenance of website of Income Tax Department has been extended to 20th April, 2009 (on or before 02:00 PM).
Responses/Clarifications on the queries - Appointment of Webmaster for Design, development, content management and maintenance of website of Income Tax Department
The Income Tax Department has issued responses/clarifications on the queries raised by the respondents in connection with the RFP dated 17th March, 2009, issued for appointment of Webmaster for Design, development, content management and maintenance of website of Income Tax Department. Please visit tender page for details.
Clarifications on the RFP - Appointment of Webmaster for Design, development, content management and maintenance of website of Income Tax Department
The Income Tax Department has issued clarifications on the RFP dated 17th March, 2009, issued for appointment of Webmaster for Design, development, content management and maintenance of website of Income Tax Department. Please visit tender page for details.
Invitation of bids for Appointment of Webmaster for design, development, maintenance and content management of Income Tax Department website (www.incometaxindia.gov.in )
Directorate of Income Tax (Systems) invites Bids from reputed, established and reliable Service Provider (SP) for Design, development, maintenance and content management of Income Tax Department website (www.incometaxindia.gov.in ).Last date of submission of bid is 13th April, 2009. Please visit tender page for details. Press advertisement
CBDT has notified the rules for giving credit for tax deducted (TDS) and tax collected at source (TCS). (S.O. --740(E) dated, 16th March, 2009)
Notification
Direct Tax Collections during the first eleven months of the fiscal
Net direct tax collections during first eleven months of the present fiscal (up to February 2009) stood at Rs.258,902 crore, up from Rs.232,676 crore, registering a growth of 11.27 percent. Growth in Corporate Taxes was 16.79 percent (Rs.162,617 crore as against Rs.139,241 crore), while Personal Income Tax (including FBT, STT and BCTT) grew at 3.03 percent (Rs.95,930 crore as against Rs.93,111 crore). Direct tax collections have so far reached 70.93 percent of the Budget Estimates target of Rs.3,65,000 crore, and 76.37 percent of the Revised Estimates target of Rs.3,45,000 crore. Press Release
Notification related to financial jurisdiction of Valuation Officer
CBDT has issued a notification enhancing the financial jurisdiction of the valuation officers by amending Rule 3A of the Wealth Tax Rules, 1957. (S.O. 470(E) dated, 13th February, 2009). Notification
Enlargement of scope of Tax Return Preparer (TRP) Scheme
The Government has decided to enlarge the scope of the existing Tax Return Preparer (TRP) Scheme and authorize them to prepare and furnish returns of Tax Deducted at Source (TDS) and Service Tax, in addition to income-tax returns. To carry out the aforesaid decision, the Central Board of Direct Taxes (CBDT) has decided to retrain the TRPs. For this purpose, a retraining course consisting of 15-day self-study followed by classroom training will be organized for TRPs relating to Income Tax and for Service Tax. Please visit the website www.trpscheme.com for details. Press Release
Questionnaire for Cadre Review for CC/DG
A link has been placed on the website for accessing soft version of questionnaire which are to be furnished to Cadre Review Committee.
Let Us Share released by the Income Tax Department
A book Let us Share, a publication by the Income Tax department, was released on 4th February 2009 in a public function held at Mavlankar Hall, Rafi Marg, New Delhi by the Minister of State for Finance (Revenue) Shri S. S. Palanimanikkam. The function, organized by the Central Board of Direct Taxes (CBDT) and the Delhi Chief Commissionerate of the Income Tax Department (ITD) was attended by senior officials, representatives of industry, commerce and professions, and other eminent personalities. Press Release
Direct Tax Collections during the first ten months of the fiscal
Net direct tax collections during first ten months of the present fiscal (up to January 2009) stood at Rs.247,396 crore, up from Rs.218,538 crore, registering a growth of 13.21%. Growth in Corporate Taxes was 17.32% (Rs.157,039 crore as against Rs.133,851 crore), while Personal Income Tax (including FBT, STT and BCTT) grew at 6.71% (Rs.90,010 crore as against Rs.84,349 crore). Direct tax collections have so far reached 67.78% of the Budget Estimates target of Rs.3,65,000 crore. Press Release
Notification issued by the CBDT regarding the valuation fees to be charged by a registered valuer
CBDT has issued a notification revising scales of valuation fees to be charged by a registered valuer by amending Rule 8C of the Wealth Tax Rules, 1957. (S.O. 379(E) dated, 30th January, 2009). Notification
Appointment of Chairman and Member of CBDT
Shri S. S. N. Moorthy today took over as Chairman of the Central Board of Direct Taxes on retirement of Shri N. B. Singh. Shri Moorthy belongs to 1973 batch of the Indian Revenue Service. Before joining the CBDT as Member in August 2008, he was Director General of Income Tax (Investigation) in Mumbai for over two years. Shri Sudhir Chandra, also from the 1973 batch of the IRS, joined the CBDT today as a Member. Before joining the CBDT, he was Chief Commissioner in Ghaziabad for over 2 years. Press Release
CBDT Notification
CBDT has issued a notification that the organisation The Institute of Chartered Accountants of India , New Delhi has been approved in the category of "Other Institution" , partly engaged in research activities.
CBDT Notification
CBDT has issued a notification that the organisation World Wide Fund for Nature - India , New Delhi has been approved in the category of "Other Institution" , partly engaged in research activities.
CBDT Notification S.O 220(E)
CBDT has issued a notification changing the due dates for filing Quarterly TDS statements in the case of non-residents to 15th July, 15th Oct, 15th Jan for the first three quarters of the financial year and for the last quarter, 15th June following the last quarter of the financial year. (S.O 220(E) dated, 21st January, 2009).
CBDT Notification S.O. 197(E)
CBDT has issued a notification allowing enhanced depreciation @ 50% on new commercial commercials purchased and put to use on or after 01.01.09 and before 01.04.09 for the purpose of business or profession. (S.O. 197(E) dated, 19th January, 2009).
Approval of issue of tax free bonds by the India Infrastructure Finance Company Limited
The CBDT has approved the issue of tax-free bonds of India Infrastructure Finance Company Limited carrying an interest rate of up to 8% aggregating to an amount of Rs.10,000 crore during the financial year 2008-09. Press Release
Last date of submission for EOI response of Multimodal Biometric PAN project
A decision has been taken not to further extend the last date of submission. The last date of submission of EOI response remains 09/03/2009.
Multimodal Biometric PAN Project
To view the PAN allotted for the last three years state wise and year wise click here.
Extension of last date of submission for EOI response of Multimodal Biometric PAN project
Last date of submission for EOI response of Multimodal Biometric PAN project stands extended from 23/02/2009 to 09/03/2009 (on or before 14:00hrs).
Extension of last date for seeking clarifications in multimodal Biometric PAN project
The last date for seeking clarifications has been extended from 09.02.2009 to 13.02.2009. This is for information to the vendors interested in multimodal Biometric PAN project.
Expression of Interest (EOI) for Selection of Service Provider (SP) for End to End Implementation of Biometric enabled PAN Issuance System
Directorate of Income Tax (Systems), Income Tax Department, Jhandewalan Ext., New Delhi has invited for submission of Expression of Interest (EOI) from Service Provider (SP) for end to end implementation of PAN (Permanent Account Number) issuance system along with implementation of Multimodal Biometric Solution for duplicate matching. Go to tender page for details.
CBDT Notification
CBDT has issued a notification that the organisation Aeronautical Development Agency , DRDO Bhawan , New Delhi has been approved in the category of Scientific Research Association.
CBDT Notification
CBDT has issued a notification that the organisation Centre for Liquid Crystal Research , Bangalore has been approved in the category of Scientific Research Association.
CBDT Notification
CBDT has issued a notification that the organisation Centre for Materials for Electronics Technology , Pune has been approved in the category of Scientific Research Association.
Notification S.O. 2499(E) regarding National Skill Development Corporation
Notification
Notification S.O. 2861 (E) dt. 11/12/2008 and its Corrigendum dt. 22/12/2008
Notification & Corrigendum
Definition of ‘Charitable purpose’ under section 2(15) of the Income-tax Act, 1961
Central Board of Direct Taxes(Tax Policy & Legislation Division) has issued a circular for the Definition of ‘Charitable purpose’ under section 2(15) of the Income-tax Act, 1961
Cadre Review and Restructuring of Income tax Department
Cadre Review and Restructuring of Income tax Department In light of the DoPT, Government of India, decisions pursuant to the 6th Central Pay Commission recommendation, a Cadre Review exercise has been initiated for restructuring of Income tax Department to enable and equip the Department to meet challenges of today and tomorrow. A Cadre Review committee has been constituted in this regard.
Cadre Review Committee Order
Amendments to the Industrial Park Scheme, 2008
Central Government has made some amendments to the Industrial Park Scheme, 2008. See the Notification dated 28th November, 2008 for the details.
TDS Return Preparation Slideshow
A Slide Show (demonstration) has been prepared for the preparation of the TDS Returns. Kindly see the TDS Section on the Home page.
Direct Tax Collections appear to be on course
Net direct tax collections during first eight months of the present fiscal (up to November 2008) stood at Rs. 177,251 crore, up from Rs.145,053 crore, registering a growth of 22.2%. Growth in Corporate Taxes was 26.82%, while Personal Income Tax grew at 15.28%. Direct tax collections have already reached 48.56% of the Budget Estimates of Rs.3,65,000 crore, which is pegged at 16.07% above the actual collection of Rs.3,14,468 (provisional) during the last fiscal (2007-08). Press Release
Signing of Double Taxation Avoidance Agreement between Indian and Tajikistan
A Double Taxation Avoidance Agreement has been signed between India and Tajikistan on 20th November, 2008. The Agreement has also provided for the exchange of information between the tax authorities of the two countries.
Allocation of waiting list candidates for appointment to the post of Tax Assistant
220 candidates, who were in the waiting list for appointment to the post of Tax Assistant, have now been allocated to the various Regions/ Charges in the CBDT. List of candidates
Growth in Direct Tax Collections for the first seven months indicative of improved tax administration
Net direct tax collections during first seven months of the present fiscal (up to October 2008) stood at Rs.166,905 crore, up from Rs.128,864 crore, registering a growth of 29.52%. Growth in Corporate Taxes was 33.49%, while Personal Income Tax grew at 23.14%. The momentum of growth in direct taxes could be maintained, despite present global financial crises / recession and its resultant impact on the Indian economy, mainly on account of a shift in the tax collection strategy of the Central Board of Direct Taxes (CBDT) towards improving the tax deduction at source (TDS) mechanism and encouraging better tax compliance. Press Release
CBDT has issued a new Form of report for claiming deduction u/s 80-IB(11C)
CBDT has issued a new Form of report for claiming deduction under sub-section (11C) of Section 80-IB of the Income-tax Act vide Notification dated 22nd October, 2008.
Option Form for the Steno Grade III in the CBDT
Staff Selection Commission has recommended 118 candidates for appointment to the post of Steno Gr. III in CBDT. The Region/Charge wise allocation of the candidates on merit-cum-preference basis has been issued by the CBDT. List of Successful Candidates. The successful candidates are directed to indicate/exercise his/her preferences in the proforma, duly filled/completed in all respect immediately by speed post or Currier, so as reach it within 21 days from the date of issue of this letter. Memorandum
Circular No.9 on Tax Deduction at Source on Salaries
CBDT has issued Circular No. 9 on Tax Deduction at Source. A clarification on taxability of arrears of salary received/receivable on account of 6th Pay Commission recommendation is also placed at Page-39 of the Circular.
Extension of due date of filing income tax returns for Sikkim
The Central Board of Direct Taxes have extended the last date of filing of income tax returns, due by 31st July 2008, to 31st October 2008 in the state of Sikkim in view of the delay in issuing of Instruction No.8/2008 in respect of filing of income-tax return by non-Sikkimese residing in that state. Order of CBDT    Press Release
Clarification of CBDT regarding TDS on arrears of salary paid
CBDT has clarified in the Press Release issued on 30th September, 2008 that that TDS would be deducted u/s 192 only from the arrears of salary actually paid during FY 2008-09. On the balance, tax would be deducted during the financial year in which these pay arrears are actually paid.
Extension of due date of filing income tax returns and tax audit reports for Orissa
The Central Board of Direct Taxes have extended the last date of filing of income tax returns and obtaining tax audit report under section 44AB of the Income Tax Act, 1961, due by 30th September 2008, to 31st October 2008 in the state of Orissa in view of the disruption caused due to floods in the state. Order of CBDT    Press Release
Extension of due date of filing income tax returns and tax audit reports for J&K
The Central Board of Direct Taxes have extended the last date of filing of income tax returns and obtaining tax audit report under section 44AB of the Income Tax Act, 1961, due by 30th September 2008, to 30th November 2008 in the state of J&K, in view of the dislocation caused due to law and order problem in the state. Order of CBDT
Notifications related to double taxation relief
CBDT has issued Notification No.90 and Notification No.91 related to computation of income in case of relief claimed under double taxation provisions.
Extension of due date for filing of returns and tax audit reports for Bihar
The CBDT has extended the due date for filing of returns and tax audit reports from 30th September, 2008 to 30th November, 2008, in the cases of income-tax assessees in Bihar after considering the disruption caused by the floods in the state. Order of CBDT
Notification related to " Professional Services "
CBDT has issued Notification dated 21.08.2008 through which services rendered by certain persons in relations to the sport activities has been notified as Professional Services for the purpose of Section 194J.
Business Process Reengineering study of Income Tax Department
The directorate of BPR has circulated a note on BPR study which contains re-designed processes and recommendations which would decide the future direction of the Department. It is a major initiative taken by the Government in the area of tax reform globally. It will also ensure bonding and trust with the taxpayers. More
Allocation of charge/region to Income Tax Inspector
List of 815 canditates who have qualified Graduate Level Examination, 2005 and recommended for appointment to the post of Income Tax Inspector in the Income Tax Department have been allotted charges. More...
Regularization of qualified workers appointed against sanctioned post in irregular manner
Regularization of qualified workers appointed against sanctioned post in irregular manner as well as casual workers in Non-statutory Canteens/Tiffin Rooms located in Central Government offices. Board Letter & Office Memorandum
Circular No. 7
CBDT has issued Circular No. 7 through which corporations which are set up for the welfare and economic upliftment of ex-servicemen and whose income qualifies for exemption from income-tax have been exempted from TDS/TCS on their receipts.
Overwhelming response to e-filing
The facility of e-filing of income-tax returns has received overwhelming response from the taxpayers. As on 31st July 2008, 12.49 lakh e-returns were filed compared to 1.46 lakh e-returns filed up to the same date last year. About 97 percent of the 12.49 lakh e-returns have been filed voluntarily by individuals, professionals and small businesses. Press Release
Growth in Direct Tax Collections for the first six months - indicator of healthy economy and improved tax administration
Net direct tax collections during first six months of the present fiscal (up to September 2008) stood at Rs.147,197 crore, up from Rs.111,055 crore, registering a growth of 32.54%. Growth in Corporate Taxes was 35.65%, while Personal Income Tax grew at 26.94%. Continued high growth in tax collections (including self assessment taxes) indicates inherent strength of the Indian economy and continued improvement in tax administration as well as in tax compliance levels. Press Release
E Payment of Taxes
To facilitate e-payment of taxes CBDT has clarified that an assessee can make e- payment of taxes from the account of any other person. It is also clarified that tax deducted at source (TDS) or tax collected at source (TCS) shall fall within the meaning of tax for the purpose of e-payment. Circular No.5
Annexureless Returns
To enable taxpayers to file returns in the electronic mode, Income Tax Returns (except ITR-7) have been made annexureless. The CBDT has issued clarifications on annexureless returns. Press Release   Circular No.6
Clarification on media reports
The Income Tax Department clarifies that the media reports on processing of tax returns and issuance of refunds are delayed due to shortage of manpower are incorrect and misleading. Press Release
Industrial Park Scheme 2008
CBDT has notified Industrial Park Scheme 2008 expanding the ambit of industrial activity to include research and experimental development on natural sciences and engineering, development of computer software, and information technology enabled services. Press Release   Notification
Direct Tax Collections Up
Net direct tax collections in the first five months in the present fiscal (up to August 2008) stood at Rs.84,409 crore, up from Rs.61,030 crore, registering a growth of 38.31 percent. The cost of direct tax collection, on the other hand, which had declined to an all-time low of 0.54 percent during fiscal 2007-08, is likely to further decline to about 0.43 percent during the current fiscal, the lowest among all large economies in the world. Press Release
Growth in Tax Collections - Indicator of Healthy Economy
The growth in Corporate TDS in First Quarter of 2008-09 is 60.5% as against 43.1% in last years. Combined growth rate of advance tax and TDS this year is 40.3% as against 34.3% last year. So, it is erroneous to deduce that there is slowdown in economy. Press Release
Direct Tax Collections Up
Net direct tax collections up to July 2008 stood at Rs.71,648 crore, up from Rs.48,756 crore, registering a growth of 46.95 percent. The cost of direct tax collection, on the other hand, had declined to an all-time low of 0.54 percent during 2007-08, amongst the lowest in the world. Press Release
Extension of due date for filing of returns for J&K
The CBDT has extended the due date for filing of returns from 31st July, 2008 to 30th September, 2008, in the cases of income-tax assessees in J&K after considering the dislocation of general life caused due to the law and order problem. Order of CBDT
Anticipated delay in issue of PAN cards
As a part of the modernization of computer infrastructure in the Income Tax Department, the Computer Centers at Amritsar, Baroda and Rohtak will be shutdown for a period from 27.06.2008 to 09.08.2008. During this period the work of issue of PAN card would be stopped completely in these centers.
E-Filing of Returns
Over 10 Lakh e-returns have been filed by 29th July, and the number is expected to cross over 13 lakh by 31st July compared to 1.6 lakh e-returns received last year for the same period. Press Release
Chairman CBDT
Shri Narendra Bahadur Singh has taken over as Chairman of the Central Board of Direct Taxes with effect from the afternoon of 30 June 2008. Press Release , Photograph
Direct Tax Collections
Net direct tax collections in the first quarter of the present fiscal stood at Rs.57,373 crore, up from Rs.41,391 crore, registering a growth of 38.61 percent. Press Release
FM's observation during Annual Conference of Chief Commissioners
During Annual Conference of Chief Commissioners & Directors General of Income Tax the FM observed that trend of voluntary tax compliance has gone up in the country. More...
Portuguese tax administration adopts new forms for execution of DTAA
The Portuguese tax administration has adopted new forms for the execution of the convention for the DTAA. The previous twelve forms have been substituted by four new forms (Mod. 21-RFI to Mod.24-RFI). More..
Quoting of PAN for benefit under Indo-Chinese DTAA
Indian resident taxpayer having income from sources in China would be required to quote their Permanent Account Number (PAN) allotted in India when applying for benefits under the Indo-Chinese Double Taxation Avoidance Agreement (DTAA).
No delay in issuance of PAN to FIIs
The Income Tax Department denies allegations of delay in issuance of Permanent Account Number (PAN) to Foreign Institutional Investors (FIIs). Press Release
Income Tax Act, 2008
Income Tax Act as amended by the Finance Act 2008 is now available on this website. Click here
Filing of Income-tax Returns for A.Y.2008-09
CBDT has notified the Forms of the return of income for the assessment year 2008-09 vide notification S.O. 752(E) dated 28-3-2008. The returns can be e-filed by clicking here and for Forms click here.
DTAA with Myanmar
The Government of the Republic of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of the Union of Myanmar for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income on 2nd April, 2008. Press Release
Clarification on amendment to penalty proceedings
Clause 48 of the Finance Bill, 2008 proposes to insert a new sub-section (1B) in section 271 of the Income-tax Act to clarify the proposed amendment to penalty proceedings. Press Release
Chairman CBDT
Shri Rabender Singh Mathoda has taken over as Chairman of the Central Board of Direct Taxes with effect from 1st May, 2008. Circular
Explanatory Notes to the Finance Act, 2007
The CBDT has issued Circular No. 3 containing explanatory notes to the provisions of Finance Act, 2007. Circular
Union Budget 2008-2009
To view the webcast of the budget presentation, download the Budget documents, and Economic Survey 2007-08, click here.
Mandatory quoting of PAN in TDS/TCS returns
The threshold limit for PAN quoting without which TDS/TCS returns will not be accepted has been enhanced to 95% from 90% in case of Form 24Q and to 85% from 70% in case of Forms 26Q and 27EQ. The enhanced limits will be applicable for and from the quarter ending 31.03.2008. More
E- Payment of Taxes made mandatory
Electronic payment of taxes has been made mandatory for all corporate assesses and all assesses to whom provisions of section 44AB of the Income Tax Act are applicable from 1st April, 2008. Press Release
Guidelines for valuation of ESOPs further clarified
CBDT has issued a notification inserting a new Rule 40D amending Rule 40C of the Income Tax Rules clarifying the guidelines for valuation of ESOPs. Notification
Changes in CBDT
Shri Prasanna Kumar Misra has taken over as Chairman and Shri S. S. Khan as Member of the Central Board of Direct Taxes with effect from 01 April 2008. Press Release
Direct Tax Collections
Net direct tax collections stood at Rs.2,28,745 crore, up from Rs.1,61,776 crore during the same period last fiscal, registering a growth of 41.40 percent and achieving over 85 percent of budgeted direct tax target of Rs.2,67,490 crore. Press Release
Extension of Time for Filing of TDS/TCS Returns
CBDT has extended the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the quarter ending 30th September 2007 to 29th February 2008. More...    Press Release
Direct Tax Collections
Direct tax collections continued to record a growth of over 40 percent for the period April to January 15 in the current fiscal. Net tax collections stood at Rs.2,17,149 crore, up from Rs.1,52,993 crore during the same period last fiscal, registering a growth of 41.93 percent and achieving over 81 percent of budgeted direct tax target of Rs.2,67,490 crore. Press Release
FM compliments Income Tax Department
In his first live videoconference, the Finance Minister addressed the Chief Commissioners of Income Tax and complimented them for the remarkable performance of the Income Tax department, particularly on the revenue side. Press Release
Industrial Park Scheme, 2008
CBDT has notified the Rules relating to Industrial Park Scheme, 2008. More..
Directorate of Human Resources
Directorate of Income Tax (Human Resources Development) has been constituted under the Central Board of Direct Taxes. Its role and functions may be seen in the notification
Due date extended in certain category of cases
Central Board of Direct Taxes has extended by an Order under section 119 of the Income-tax Act extended the due date for filing returns of income for all categories of assesses to 29.2.2008, if the assessee has,- (i)filed the return on or after 14th May, 2007; and (ii) filed the return in a form other than one of the forms notified for assessment year 2007-08.
Deposit instruments included in Section 80C
Investment by an individual or a Hindu undivided family (HUF) in Five Year Post Office Time Deposit Account and Senior Citizens Savings Scheme during the previous year 2007-08 and subsequent years, shall be eligible for deduction under section 80C of the Income-tax Act. Press Release
Finance Minister releases FAQs on Fringe Benefit Tax on ESOPs
Finance Minister, Shri P.Chidambaram, released a Circular titled "Fringe Benefit Tax on Employee Stock Option Plans - Frequently Asked Questions", at Mumbai. The Circular clarifies in a question and answer format the queries raised by industry associations, chambers of commerce and tax practitioners on issues relating to levy of FBT on ESOPs. Circular
Guidelines on Standing Counsels
CBDT has prescribed the revised schedule of fees payable to Standing Counsels of the Income-tax Department before various High Courts. The procedure for appointment of counsels and renewal of their terms has also been prescribed by specifying the requisite qualification and terms and conditions of their engagement. Instruction
Amendment to Rule 3 of the Income-tax Rules
Rule 3 of the Income-tax Rules, 1962 has been amended to give consequential effect to the amendment to section 17 of the Income-tax Act made by the Finance Act, 2007. Press Release   Notification
Direct Tax Collections
Direct tax collections continued to record a growth of over 40 percent for the first nine months of the current fiscal. Net tax collections stood at Rs.2,06,029 crore, up from Rs.1,44,286 crore during the same period last fiscal, registering a growth of 42.79 percent and achieving over 77 percent of budgeted direct tax target of Rs.2,67,490 crore. Press Release
Income Tax Refunds
The Income Tax department has already issued over 30 lakh refunds in the first 7 months of this fiscal involving a total amount of Rs.18,448 crore. Refund payouts in non-corporate personal income tax category are ahead by 47.16 percent as compared to the first 7 months of last fiscal (Rs.6,135 crore against Rs.4,169 crore). Press Release
Extension of Due Dates
The Central Board of Direct Taxes has extended the due date for filing the Returns due by 31st October in the case of electronic returns (companies, and firms requiring tax audit u/s 44AB) to 15th November 2007; and for paper returns (other than those required to file electronic returns) to 2nd November 2007. Press Release
Rules for valuation of shares for FBT on ESOPs notified
Rule 40C, relating to rules for valuation of shares for Fringe Benefit Tax on ESOPs has been inserted in the Income Tax Rules, 1962. This Rule will take effect from assessement year 2008-09 and subsequent assessement years. Notification
Updated FVU for e-TDS
Updated version of the File Validation Utility (FVU) to prepare e-TDS/e-TCS returns has been released. The FVU is to be used for all e-TDS/e-TCS returns to be filed after 30/9/2007. More...
PAN quoting in TDS/TCS returns
TDS returns for salaries, with less than 90% of PAN, and TDS returns for payments other than salaries and TCS returns, with less than 70% of PAN data will not be accepted for the quarter ending on 30.9.2007 and thereafter. More...
Scope of e-TDS expanded
Scope of mandatory filing of e-TDS returns has been expanded to include deductors who are required to get their accounts audited under section 44AB and those having fifty or more deductee records. Notification   Press Release
CBDT Member passed away
Shri R. N. Upadhyay, Member, Central Board of Direct Taxes, passed away on 20th November 2007. He was an IRS officer of 1971 batch. He is survived by his wife, a son and two daughters. Press Release
Direct Tax Collections
Direct tax collections maintained a growth of over 40 percent up to the period ended October 2007. Net tax collections stood at Rs.1,28,864 crore, up from Rs.90,180 crore during the same period last fiscal registering a growth of 43.15 percent. Press Release
Return filing date extended for Bihar
The Central Board of Direct taxes had extended the last date of filing of income tax returns due by 31st October 2007 to 31st December 2007 in the state of Bihar in view of the disruption caused by floods in the state. Press Release
Income Tax Search
The Income Tax department has conducted a search on a business family on the basis of information that it is involved in unaccounted draft discounting. Press Release
Growth rate of over 40% in Direct tax collections
Direct tax collections maintained a growth of over 40 percent for the six-month period ended September 2007. Net tax collections stood at Rs.1,11,055 crore, up from Rs.79,208 crore during the same period last fiscal. Press Release
Due date extended for Bihar
The Central Board of Direct taxes have extended the last date of filing of income tax returns due by 31-October-2007 to 31-December-2007 in the state of Bihar in view of the disruption caused by floods in the state. Notification
Direct Tax Collections
Direct tax collections recorded a growth of 42% for the five-month period ending August 2007. Press Release
Allocation of recommended Tax Assistants
Staff Selection Commission has recommended 207 PH/OH & Ex-servicemen for appointment to the post of Tax Assistants in the Pay-scale of Rs. 4000-6000/-.  More...
Allocation of selected Tax Assistants
The list of allocation of tax assistants selected by the Staff Selection Commission to various regions and the waiting list of candidates has been released.  More...
Cash of Rs.4.92 Crore recovered
Based on specific intelligence inputs, the Investigation wing of the Income Tax department recovered Rs.4.92 crore cash in a search conducted on persons / concerns engaged in mobilizing deposits for investment schemes and auto finance in Thane. The cash was found stacked in the residence of an employee of the main concern.  Press Release
Direct Tax Collections Up
Direct tax collections during fiscal 2007-08 have recorded a growth of 44.39% up to 15th August, 2007. Tax collections stood at Rs.59,210 crore, up from Rs.41,006 crore during the same period last fiscal.
 Press Release
Further extension of return filing date for Bihar
The Central Board of Direct Taxes have further extended the last date of filing of income tax returns due by 31 July 2007 to 15 September 2007 in the state of Bihar in view of the continued disruption caused by floods in the state.
Income Tax Welfare Fund
Government has notified the rules governing the administration of Income-tax Welfare Fund established for the benefit of the officers and staff of the Income-tax department.  More...
Cost Inflation Index for financial year 2007-08
CBDT has notified Cost Inflation Index for financial year 2007-08.  More...
Taxpayer Education Program Launched
To provide quality taxpayer service, the Income Tax Department has initiated a Taxpayer Education Programme where the taxpayers are trained in filling up the new Income Tax Return forms ITR 1, 2 and 4. It involves a tutorial which provides step by step information on how to fill up these forms. There is a voice over in English which explains the contents of the slide. The officers of the Department will train the taxpayers with the help of this tutorial. ITR1 , ITR2 , ITR4 , Challan280
For timely delivery of refunds, ensure correct address and account number on your Return of Income
From 1.10.07 onwards, all income tax refunds in Bangalore, Chennai, Delhi, Kolkata and Mumbai will be delivered by the Refund Banker directly at the communication address mentioned on the Return of Income. Taxpayers are requested to fill in the correct address (available during working hours for delivery) to ensure speedy delivery of refunds. In the case of taxpayers who opt for refunds through ECS, it will be credited directly to the bank account for which correct MICR code/ Bank Account Number has to be furnished on the Return.
Circular No.4
The Central Board of Direct Taxes has issued Circular No. 4 dealing with distinction between shares held as investment (capital asset) and shares held as stock-in-trade (trading asset). Circular
Digital Signatures on Form 16
The Central Board of Direct Taxes has allowed the deductors, at their option, in respect of the tax to be deducted at source from income under the head Salaries to use their digital signatures to authenticate the certificates of deduction of tax at source in Form No.16. More...
Return Forms
CBDT has notified new Income Tax Return Forms. More...
Taxation Laws (Amendment) Act, 2006: Explanatory Notes
CBDT has issued Circular No1 of 2007 explaining the nature and effect of the amendments carried out by Taxation Laws (Amendment) Act, 2006 with reference to provisions existing before these amendments to the Income-tax Act, 1961. Circular
Clarification regarding TDS Certificates
Central Board of Direct Taxes had prescribed new Form No.16 and Form No.16A vide Notification S.O. 455 (E) dated 26th March, 2007. The Board has issued certain clarifications in this regard. More...
Income Tax Refunds
It has been reported in some sections of the media that a large number of taxpayers are awaiting refunds from the Income Tax department for up to three years. These reports are factually incorrect and based on incomplete appraisal of facts. Press Release
FM inaugurates Video Conference Facility
The videoconference facility of the income tax department, connecting the senior most functionaries was inaugurated by the Finance Minister Sri. P. Chidambaram. This is expected to facilitate faster communication, quick decision making and better customer service. In his address, the FM stated that direct taxes are the taxes of the future."In a growing economy, more taxes should be direct taxes, therefore, role of the CBDT and Income Tax department will become more and more important".
Refund Banker Scheme Launched
Finance Minister P. Chidambaram has launched the pilot of Refund Banker Scheme under which the Income Tax refunds determined by the department will be sent by the State Bank of India directly to the taxpayers. More...
Acceptance of returns on 31-03-2007 upto 8.00PM
In exercise of powers conferred under section 119 of the Income Tax Act, CBDT has directed income tax authorities to accept returns of income on 31-03-2007 upto 8.00 PM. Order...
Income Tax Ombudsmen
Process has been initiated for appointment of Income Tax Ombudsmen for Bangalore, Hyderabad, Ahmedabad, Pune, Bhopal and Kolkata, etc. More...
Union Budget 2007-2008
To view the webcast of Finance Ministers speech and to download the budget documents, click here.
Economic Survey 2006-07
Vigorous growth with strong macroeconomic fundamentals has characterized developments in the Indian economy in 2006-07 so far. Economic Survey 2006-2007
Surrender Your Duplicate PAN
Persons who possess more than one PAN are required to surrender all extra PAN numbers that may have been allotted to them. The extra PAN numbers have to be surrendered latest by 23rd February 2007. Press Release
Direct Taxes Collections Up
The net direct tax collections as on 31st January stood at Rs.1,56,429 crore, up by 41.2% over the collection of Rs.1,10,780 crore in the corresponding period last year. Press Release
Income Tax Ombudsman for Delhi
Ms. Baljeet Matiyani has taken over as Income Tax Ombudsman for Delhi. The Ombudsmans address is Office of Income Tax Ombudsman, Room No. 251, CR Building, IP Estate, Delhi, 110002. For details on Ombudsman Scheme Click here...
Drive against tax evasion
In its ongoing drive against tax evasion, the Income Tax department has detected tax evasion of over Rs.1,700 crores. Press release
Direct Tax Collections Up
The net direct tax collections as on 18th December, 2006 stood at Rs.1,33,461 crores, up by 42.5% over the corresponding period last year. Press release
The Income Tax Ombudsman Guidelines 2006
The guidelines are to enable the resolution of complaints relating to public grievances. Press release
Annual TDS Circular
CBDT has issued Circular No. 11 containing the rates of deduction of income-tax from the payment of income chargeable under the head Salaries during the financial year 2006-2007 and explaining certain related provisions. Press release
Amendment to the Transfer Policy of IRS Officers
The Department of Revenue has announced a revised deputation policy for IRS Officers. Press release
Tax Return Preparers Scheme
The Finance Minister has launched a Tax Return Preparers Scheme to train unemployed and partially employed persons to assist small and medium taxpayers in preparing their returns of income. Press release
Approvals to scientific research institutions
CBDT streamlines procedure for approvals to scientific research institutions under section 35(1)(ii) & 35(1)(iii) of the Income Tax Act. Press release
Issue of refunds
CBDT tightens procedure for issue of refunds. Press release
PAN for Non-residents
Guidelines have been issued to the service providers (M/s UTITSL & NSDL) to facilitate allotment of PAN to citizens of India residing outside India, foreign citizens and other persons (like companies/trusts/firms) having no office of their own in India. Complete particulars are available on their websites.
Waiver of interest
CBDT has empowered Chief Commissioners and Director Generals of Income Tax to reduce or waive off the interest charged under section 234A, 234B and 234C of the income tax Act in certain classes of cases or classes of income. order...
New Scheme launched for reporting of multiple PAN(s)
The Income Tax department is writing letters to persons who have more than one PAN. If you have received such a letter, please follow the instructions and contact your assessing officer. If you have more than one PAN but have not received such a letter, please click here or furnish necessary particulars through any of the following modes:
Aaykar Sampark Kendra (ASK)
0124-2438000
Send your mails to pan@incometaxindia.gov.in
Income Tax Department
at P.O.Box No. 5, Gurgaon –122016, Haryana
Broad Criteria for Selection of Cases for Scrutiny Announced
The CBDT has announced broad criteria for selecting cases for scrutiny.More
Due date for TRPS extended till 30 November 2006
In view of the heavy rush of applications for Tax Return Preparer Scheme (TRPS), CBDT has extended the last date for graduates to submit their applications from 24 November 2006 to 30 November 2006. Order...
Vacancies in Department of Revenue
Department of Revenue has announced vacancies for the post of Members CBDT and Member Settlement Commission
Due Date Extended
The CBDT has extended due date for obtaining the report of audit under section 44AB of the Income Tax Act and furnishing the Return of Income and the Return of Fringe Benefits in case of companies for the assessment year 2006-2007 from 31st October to 30th November, 2006. Order...
eFiling of returns for Corporate assesses
Electronically filing of returns in Form 1 is mandatory for companies. More...
Form 3CD modified
CBDT has modified Form No. 3CD, which is prescribed under the Income-tax Rules, 1962 for audit report in respect of the accounts of certain specified persons carrying on business or profession. Press Release Notification
Due date for non-corporate taxpayers is 31-October-2006
CBDT has extended the due date for furnishing of return of income and/ or return of fringe benefits for the assessment year 2006-07 from 31-July-2006 to 31-October-2006 in all cases of non-corporate taxpayers (including partners of the firms and charitable trusts and institutions). Order...
Due date for individuals and HUFs is 31-July-2006
In case of individuals and HUFs not having income under the head Profits and gains from business or profession, the due date for filing of return of income shall continue to be 31st July, 2006. Order...
Income-tax (7th Amendment) Rules, 2006 notified
CBDT has notified amendments in the existing Rule 12 of the Income-tax Rules, 1962 vide Notification S.O. No. 1163(E) dated 24-July-2006, substituting the existing forms (Form No. 1, Form No. 2, Form No. 3) with three new Forms (Form No. 1, Form No. 2, Form No. 3) and introducing a new Form No. 3B for furnishing return of income and return of fringe benefits. Notification    Press Release
File Your Returns even at Post Offices
From July 26, 2006, Returns of Income may be filed either at the Income Tax office or at the designated post offices in the city where the taxpayer is assessed. Government has designated 2000 Post Offices for this purpose. To file through a Post Office, Returns may be prepared in duplicate and one copy should be submitted in an unsealed envelope of size 10x12 without folding. Details of i) PAN, ii) Name of the Taxpayer, iii) Address of the Taxpayer, iv) Assessment Year and v) Ward/Circle where assessed should be written on the envelope. Post Offices will give a duly stamped acknowledgement in the second copy. Search Post Offices
Non-auditable firms can file tax returns up to October 31
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing tax returns to October 31 from July 31, for those filing non-auditable accounts, but the salaried tax payers will have to file returns by July 31.
Taxation Laws(Amendment)Act, 2006
The Taxation Laws (Amendment) Act, 2006 (29 of 2006) carries out amendments in the Income-tax Act, 1961, with the object of rationalizing and simplifying procedures, widening of tax base and plugging loopholes leading to leakage of revenue. It received the assent of the President of India on 13 July, 2006. More
Bonds of REC and NHAI notified
The Central Board of Direct Taxes has notified the bonds of Rural Electrification Corporation Ltd. (REC) and National Highways Authority of India (NHAI) for exemption under section 54 EC of the Income Tax Act, 1961. It has also issued an order under section 119(2) (c) extending the time limit for making the investments under section 54EC. Notification, Order, Press Release
Help Centres set up to assist taxpayers in preparing returns
Income Tax Department is setting up Help Centres to assist the tax-payers in preparing returns of income, challans and filing PAN applications. The Help Centres will also assist tax-payers in computing taxable income and income tax payable. They will be open on working days and will start working from 15th June to 14th August 2006. Help Centers...
Due date extended for electronic filing of form 24Q for last quarter
CBDT has extended the due date for electronic filing of quarterly statement of TDS in form 24Q for the last quarter to 31-July-2006. Order
New Income-tax Return- Form No.2F
With a view to make return filing easier the Central Government has notified a new income-tax return form, Form 2F, for Assessment Year 2006-07.
Form 2F
Acknowledgement
Notification
Updated data structure for Form 24Q for the last quarter
Updated data structure for preparation of quarterly statements of TDS from Salaries in form 24Q for the quarter ending 31-March (fourth quarter). Data structure
Form 24Q modified
Form 24Q for filing return of TDS from salaries has been amended. Notification
Download Revised Form 16
Form 16 which is the certificate issued by employers, under section 203 of the Income Tax Act, for TDS on salaries has been revised. Download Form 16
Amended Rule 31AC, Rule 31ACA and Forms 26QA and 26QAA
CBDT has notified amended Rule 31AC and introduced Rule 31ACA and also amended form 26QA and introduced Form 26QAA for the quarterly return to be furnished under
Section 206A (1). Notification
Data Structures- 26QA & 26QAA
Finance Act, 2005 Explanatory Notes
Finance Act, 2005 Explanatory Notes on provisions relating to Direct Taxes (other than Banking Cash Transaction Tax and Fringe Benefit Tax). More
Biometrics for PAN
The Income Tax department seeks inputs from organizations engaged in providing biometric solutions to ensure uniqueness of Permanent Account Number (PAN).More
Comments sought regarding removal or continuance of exemptions and deductions
In its commitment to simplify the tax laws, minimize the distortions within the tax structure and broaden the tax base, the Government is reviewing various exemptions and deductions under the Income Tax Act, 1961. The Government is keen to involve all stakeholders in this exercise. Accordingly, the comments regarding removal or continuance of exemptions and deductions are sought from general public by 05-July-2006.More
Date extended to 25-June-2006 for comments on draft instructions on tests to distinguish between shares as stock-in-trade and as investment
CBDT in its instruction no.1827 dated 31-08-1989 had laid down certain tests to distinguish between shares held as stock-in-trade and shares held as investment. CBDT proposes to issue supplementary instructions in this regard. Before issuing the instructions, CBDT invites comments of all stakeholders on the proposed instructions by 25-June-2006.More
Large Taxpayer Units set up
Large Taxpayer Units set up Government has decided to set up Large Taxpayer Units (LTUs), which would act as a single window facilitation centre for all large entities paying excise duty, corporate tax/income tax and service tax. More
View Your Tax Statement
Taxpayers can now view their Annual Tax Statement (Form 26AS) online. Form 26AS displays details of tax deducted/collected on behalf of the taxpayer by deductors and advance tax/self assessment tax /regular assessment tax etc., deposited in the bank by the taxpayer. This facility can be availed by following the prescribed registration procedure at the Tax Information Network (TIN) website (www.tin-nsdl.com). This registration is a onetime activity. To register click here
Dos and Donts for preparation of Quarterly eTDS and eTCS Returns
For taxes deducted or collected on or after 1st April, 2005, Quarterly Returns of TDS and TCS are to be filed in computer media by Corporate and Government deductors. To ensure that the returns are prepared correctly and proper credit of pre-paid taxes is given to the deductees, a set of Dos and Donts have been prepared to help the tax deductors in preparing and filing their Returns and Challans. More
Circular No.2 issued
Section 80 HHC has been amended by the Taxation Laws (Amendment) Act, 2005 to provide that the profits on sale of Duty Entitlement Pass Book Scheme (DEPB) credits or Duty Free Replenishment Certificate (DFRC) will be treated at par with duty drawback for the purposes of proportionate increase of profits derived from exports. This amendment has been brought into the statute with retrospective effect. Therefore, it has been decided that no penalty shall be levied or interest charged in respect of any fresh demand raised consequent to the enactment of Taxation Laws (Amendment) Act, 2005, on account of variation in the returned/assessed income attributable to profits on sale of DEPB credits or DFRC.Order
Due date extended for filing of quarterly return of payment of interest to residents without TDS
The Central Board of Direct Taxes has extended the due date for filing of quarterly returns under sub-section (1) of section 206A of the Income-tax Act, 1961 for the quarters ending 30-June-2005, 30-September-2005 and 31-December-2005 to 30-April-2006. Order
Annual Circular on TDS on Income from Salaries
CBDT has issued Circular No.9 explaining the law relating to deduction of tax at source on income from salaries for financial year 2005-06. Circular
Data Structure for making corrections in Quarterly Statements of e-TDS / e-TCS has been   notified. Data Structure
Pay advance tax by 16-March-2006
The due date for payment of the last installment of advance tax for Corporation Tax, Income Tax and Fringe Benefit Tax for financial year 2005-06 and for payment of Banking Cash Transaction Tax collected during February 2006 is 16-March-2006 as 15-March-2006 is a public holiday. Press release.
Due dates extended for filing of quarterly returns under Section 206A.
CBDT has extended the due date for filing of quarterly returns under Section 206A for the quarters ended 30-June-2005 and 30-September-2005 to 31-January-2006. More...
Do's and Don'ts on filling of challan 281.
Under the Online Tax Accounting System (OLTAS), proper credit of taxes paid hinges on correct filling of challan 281 and correct quoting of TAN/PAN. A set of Do's and Don'ts have been prepared to help the tax deductors in filling the challan correctly. More...
Assessments and recovery in respect of DEPB claims u/s 80HHC to be kept in abeyance
The CBDT has directed all assessing officers to keep in abeyance till 30-November-2005, all assessment and recovery proceedings relating to assessments reopened specifically to reassess the claim for deduction u/s 80HHC, in respect of profits from sale of DEPB scrips. More...
Data Structure for Supplementary Information Under AIR Notified
The data structure for preparation of supplementary information for Annual Information Return in computer media under section 285 BA has been notified. Data Structure...
Due date for return filing extended for Jammu and Kashmir
Considering the devastation caused by the earthquake in the state of Jammu and Kashmir, the CBDT has extended the due date for obtaining the tax audit report u/s 44AB and for filing of returns of income required to be furnished by 31-October-2005 to 31-March-2006. ( Notification )
Campaign targeting non filers launched
The Income Tax Department has launched a massive publicity campaign to target the stop filers and non-filers i.e. persons who have taxable income but are not paying the taxes and filing their returns. More...
Non-levy of penalty on delayed furnishing of Annual Information Returns
CBDT has directed not to levy penalty on delayed furnishing of Annual Information Returns under section 285BA, in respect of specified financial transactions registered or recorded during the financial year 2004-2005, furnished on or before 30-november-2005. More...
Due date extended for quarterly returns under section 206A
The due date for filing of quarterly returns under section 206A of the Income-tax Act, 1961 for the quarters ending 30.6.2005 and 30.9.2005 has been extended to 31st of December, 2005. More...
Form ITS-3 modified
Form ITS-3 for filing Return of Income has been amended. For details please see the notification by following this link.   More...
Transfer orders of Deputy/ Assistant Commissioners
The order of Deputy/ Assistant Commissioners of Income Tax which were kept in abeyance has been released.
E-returns Are Finally There!
The Income Tax Department will inaugurate electronic filing of returns from 8 August 2003 to allow salaried taxpayers to file their returns without having to come to the department. E-filing of returns will allow those who only have salary income to approach a designated bank with their tax challans or Form 16 and proof of savings, who will then file the returns to the Income Tax department electronically. A taxpayer must, however, have a Permanent Account Number (PAN) to avail of the facility. The Income Tax department has selected six banks to work as designated intermediaries for the purpose. They are UTI Bank, HDFC Bank, IDBI Bank, ICICI Bank, Bharat Overseas Bank and Indian Overseas Bank. The e-filing scheme will initially be restricted to seven cities: the four metros as well as Ahmedabad, Bangalore and Hyderabad. Based on the success of the project, it will be extended to other cities.?
Transfer of Commissioners of Income Tax
Central Board of Direct Taxes has transferred 139 Commissioners of Income Tax through out the country on 5th August, 2003. ORDER NO.121 OF 2003.PDF
Simplified And Less Expensive Settlement Of Tax Offences
In an order to expedite settlement of large number of very old prosecution cases, the Income Tax department has simplified the procedure for compounding and also reduced the compounding fees. For instance, the Chief Commissioners of Income Tax have been authorized to finalize certain category of cases without making any reference to CBDT, as was necessary earlier. Further, compounding fees for failure to deduct or pay tax has been reduced from 10 percent and 5 percent, respectively, to just 2 percent. Compounding of cases of tax evasions will be done at 50 percent of amount sought to be evaded as against 100 percent in some cases and 200 percent in other cases earlier.
Details of new procedure are contained in guidelines dated 29 July 2003 and these can be received through e-mail on request.
New Transfer Policy Effective From FY 2004-05
Under new transfer and placement policy of the Central Board of Direct Taxes all transfers and postings of Group 'A' officers in Income Tax department shall be made by the a Placement Committee headed by Chairman, CBDT, or on it's recommendations. All stations will be categorized in three classes and tenure of stay in each class has been prescribed. These transfer guidelines will, however, not be applicable to Chief Commissioners or Director Generals. Annual transfer orders will be issued by 30 April of the year. This policy shall come into effect from 2004-2005. CBDT has been given the discretion to follow either old or new transfer policy for postings during current year. Departmental officers desirous of receiving a copy of new transfer policy may register with us. Those who register with us will also receive transfer orders, instructions and other important announcements regularly through e-mail.
View Transfer Policy
Department's Free Software For Preparing Return Of Income
The Department's Free Software For Preparing Return Of Income Continuing its initiatives to use technology to provide better services to taxpayers, the Income Tax Department has released latest version of free software for preparation of returns of income, called 'Sampark 2003-04'. Through a simple question answer session, this software can be used by all taxpayers, other than those having income from 'Business or Profession', to prepare their return of income for Assessment Year 2003-04. Taxpayers have the option of preparing their return on the Internet itself and taking a print out for filling with the department. It is, however, recommended that the free software should be downloaded on PCs for easier and multiple usage.
Address your queries on this software to dit@nda.usnl.net.in.
Extension of time for filing return
The Central Board of Direct Taxes has extended time for filing returns from 31.07.03 to 30.09.03. This will enable taxpayers e-file returns for assessment year 2003-2004. Details of e-filing scheme will be announced shortly. Extended time will help taxpayers obtain PAN before filing return of income, as quoting PAN on return of income is mandatory. 
Another Milestone Towards Simplification Of Tax Administration
The Existing fifteen (15) forms prescribed for filing returns for tax deducted at source (TDS) have been reduced to just three (3) forms. This also means that same tax deductor, who was earlier required to use different forms for deductions from different sources, will now be able to use same form for filing returns for deductions from different sources. Instead of existing form 25, 26A, 26B, 26BB, 26C, 26D, 26F, 26G, 26H, 26-I, 26J and 26K only form 26 will serve the purpose. Returns for tax deducted at source from salaries will continue to be filed in form 24 and form 27 will be applicable for returns for tax deducted at source from Non Residents. Similarly, number of forms for filing returns for tax collection at source (TCS) has been reduced from four to one. Consequently, returns for tax collection from any source will have to be filed in form 27E. Other three forms, 27EB, 27EC and 27ED, have been omitted.
Quoting Of PAN On Return Of Income
The CBDT has considered the inconvenience in filing returns of income that may be caused to taxpayers who had applied for PAN after 1 April 2003 either to an Income Tax authority or at an IT PAN Service Center but have not yet received the PAN. In this backdrop, the CBDT has directed field offices of Income Tax to accept returns of income of such taxpayers, who had applied for PAN after 1 April 2003, provided a copy of PAN application so filed is enclosed along with return of income.

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