Finally CBDT Extended Due Date of Filing return upto 31-10-2015

Finally CBDT Extended Due Date of Filing return upto 31-10-2015

After a one month continuing persuasion by whole of taxation fraternity finally CBDT Extended Due Date of Filing return upto 31-10-2015 vide its press release dated 01-10-2015. The Press release & Order u/s 119 are as under: Source: http://www.incometaxindia.gov.in/Pages/press-releases.aspx Government of India Ministry of Finance … Continue Reading →
Taxation of Black Money in India : Clarifications by CBDT on Tax Compliance for Undisclosed Foreign Income and Assets

Taxation of Black Money in India : Clarifications by CBDT on Tax Compliance for Undisclosed Foreign Income and Assets

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (hereinafter referred to as ‘the Act’) has introduced a tax compliance provision under Chapter VI of the Act. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, … Continue Reading →
CBDT Has notified new forms for Filing Income Tax Return for AY 2015-16

CBDT Has notified new forms for Filing Income Tax Return for AY 2015-16

CBDT Has notified new forms for Filing Income Tax Return for AY 2015-16 vide Notification No.49/2015-INCOME TAX, Dated: June 22, 2015. The due date of filing Income Tax Retrun has already been extended upto 31-08-2015 vide order dated 10-06-2015 (F.No.225/154/2015/ITA.II) NOTIFICATION NO 49/2015-INCOME TAX, Dated: June … Continue Reading →