Indian Income Tax

Income Tax dept call Center to Solve taxpayers queries related to Refund, ITR V Status etc

Income Tax dept call Center to Solve taxpayers queries related to Refund, ITR V Status etc Update on CPC – Call Center To assist taxpayers a call center with [...]

13.4M People May Owe More Taxes Because of Making Work Pay Credit

Approximately 13.4 million taxpayers who received the Making Work Pay Credit that was included in the economic stimulus bill may end up owing taxes, [...]

Indian Holding Green Card in US facing threat of being taxed in the US for income generated in India

Indian Holding Green Card in US facing threat of being taxed in the US for income generated in India Is the American dream losing its appeal? Though the US [...]

Clarification from Minister of State for Finance on Processing of PAN Card

The service providers are required to issue Permanent Account Number Cards within 15 calendar days for fresh applicant and within 20 calendar days for [...]

INCOME TAX RETURN DATE EXTENDED TO 4TH AUGUST

The CBDT has decided to extend the due date of filing of Income Tax returns from 31st July 2010 to 4th August 2010. All paper returns or e-returns filed on or [...]

Income Tax Dept told to disburse refunds within 2 months and to set up task force to revamp refund issue system

The Income-Tax Department must progressively reduce the time taken for refunds from the present period of more than four months to a maximum of 60 days, Mr [...]

Exemption from Tax for Gratuity Payments Enhanced From Rs. 3.5 Lakh to Rs. 10 Lakh

The Central Board of Direct Taxes has approved notification of ten lakh rupees as the maximum amount of gratuity entitled to exemption under sub-clause (iii) [...]

Finance Minister dedicates the centralized processing center (CPC) of the Income Tax Department, Bengaluru to the Nation

The introduction of electronic filing of I-T returns, e-payment of taxes, establishment of the national network (TAXNET), and consolidation of the Regional [...]

Press Release regarding e-filing facility for AY 2010-11

PRESS RELEASE: New Delhi dated 17th May 2010 Pending completion of certification procedure, the e-filing facility for AY 2010-11 has been temporarily [...]

e-filing of I-T returns suspended

May 18, 2010 The Finance Ministry has suspended the facility of e-filing of income tax returns, as security certification for the Income Tax Department’s [...]