Income Tax Archives - Page 11 of 11

New Income Tax Return form ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7 for A.Y.2015-16

July 30, 2015September 25, 2015 TaxIndiaUpdates In1 comments5769 views

New Income Tax Return form for AY 2015-16 has been notified by CBDT vide Notification No. 61/2015 dated 29-07-2015 Major changes in new return Forms for AY 2015-16 Expenditure on CSR activities to be shown in ITR-6 Aadhaar Number and passport number is … Continue Reading →

Budget 2015

Changes made in Direct Tax Law by Finance Act, 2015

July 20, 2015March 1, 2016 TaxIndiaUpdates In0 comments1792 views

. New Post: Changes made in Direct Tax Law by Union Budget 2016-17 Finance Act, 2015 has made various changes in Income Tax Act. Few of the important changes which require your attention are as under: Section 269SS prohibits acceptance of loan or deposit and section … Continue Reading →

Income Tax

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

July 11, 2015September 22, 2015 TaxIndiaUpdates In0 comments5018 views

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 →

Income Tax

Brij Lal & Ors Vs Commissioner of Income Tax Jalandhar 21-10-2010

July 2, 2015February 2, 2016 TaxIndiaUpdates In0 comments3209 views

IN THE SUPREME COURT OF INDIA CIVIL APPELLATE/ORIGINAL JURISDICTION CIVIL APPEAL Nos. 516-527 OF 2004 Brij Lal & Ors. … Continue Reading →

Income Tax

Black Money Taxation Rules 2015

July 2, 2015February 1, 2016 TaxIndiaUpdates In0 comments3525 views

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 58/2015 Dated- 2nd of July, 2015 G.S.R. 529 (E).– In exercise of the powers conferred by sub-sections (1) and (2) of section 85 … Continue Reading →

Income Tax

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

June 23, 2015September 22, 2015 TaxIndiaUpdates In0 comments3651 views

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 →

Income Tax

TDS Chart for A Y 2015 -16 (F Y 2014-15)

June 3, 2015September 15, 2015 TaxIndiaUpdates In0 comments8323 views

Section Nature of Payment Threshold Limit of Payment Rates 192 Income from Salary Senior Citizen (60 Years) Rs. 3,00,000 Average rate of Tax + edu. Cess Surcharge if Salary > 1 cr Super Senior Citizen (80 Years) Rs. 5,00,000 Others Rs. 2,50,000 193 Interest on … Continue Reading →