The Draft Gold Monetization Scheme, released by the government yesterday, is available for download
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Month: May 2015
CBDT Orders For Transfers & Postings Of Pr. CCIT, Pr. DGIT, CCIT, ACIT, DCIT
Vide Order No. 67 of 2015 dated 19.05.2015 the CBDT has ordered the transfers and postings of several officers in the grade of Principal Chief Commissioner of Income-tax, Chief Commissioner of Income-tax and Director General of Income-tax with immediate effect and until further orders
Finance Ministry Seeks Applications For Vacant Posts Of Ombudsman (May 2015)
The Ministry of Finance has vide Office Memorandum dated 18.05.2015 invited applications for appointment to the post of “Income Tax Ombudsman”. The vacancy of “Income Tax Ombudsman” at Kochi will fall vacant in June 2015. The post of “Income Tax Ombudsman” carries a pay scale of Rs.75500-80000. Interested candidates are requested to forward their application by 22.06.2015 indicating their preferred location
Finance Act 2015 Is Available For Download
The Finance Act 2015, as approved by the Hon’ble President on 14th May 2015 and as published in the Official Gazette is available for download Click here to download Finance Act 2015
Tragic & Untimely Demise of Hon’ble Shri. Vivek Varma, Judicial Member, ITAT
We regret to announce that Hon’ble Shri. Vivek Varma, Judicial Member of the ITAT, passed away on 12th May 2015 after a prolonged illness. Shri. Verma was known for his calm and courteous demeanor. His 23 years experience at the Bar made him very understanding towards those who appeared before him. Though he joined this institution only 3 years ago, he has left a mark. He was one of the finest members of the Institution. His untimely demise is a colossal loss to the institution. He rendered several land mark judgments.
CBDT Chief Sends Clarion Call To Dept Top Brass For Widening Taxpayer Base
Hon’ble Ms. Anita Kapur, Chairperson of the CBDT, has addressed a letter dated 8th May 2015 to the Principal Chief Commissioners, Director Generals etc pointing out that the number of existing income tax payers is low compared to the potential and that the gap between the potential and the actual tax payers appears to be wider in the case of tier-II cities and towns. Ms Kapur has stated that considering the priorities of the Government and the need to widen the tax base, a concerted and focused effort in mission mode is required. She has called upon the department to strive for adding at least 25 lakhs new assesses per month during the current financial year
Important CBDT Directive On Applicability Of MAT To Foreign Cos And FIIs
The CBDT has issued a letter dated 11th May 2015 on the issue of “Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs“. The CBDT has stated that in the light of the constitution of the Justice A. …
Important CBDT Directive On Applicability Of MAT To Foreign Cos And FIIs Read More »
Three Members Of Bombay Tax Bar Selected For Post Of Hon’ble ITAT Member
We are pleased to report that four members of the Tax Bar of Mumbai have been selected for appointment to the prestigious post of Hon’ble Members of the Income Tax Appellate Tribunal. While the members of the Bombay Tax Bar have always been forthcoming in answering the call of duty to the nation by joining judicial service, this is the first time that so many members have been selected together.
CBDT Order On Transfers & Postings Of Pr. CCIT, CCIT And DGIT
Vide Order No. 60 of 2015 dated 08.05.2015 the CBDT has ordered the transfers and postings of several officers in the grade of Principal Chief Commissioner of Income-tax, Chief Commissioner of Income-tax and Director General of Income-tax with immediate effect and until further orders
Important Amendments To The Finance Bill 2015 Passed By The Lok Sabha
Taxmann has made available the amendments made to the Finance Bill 2015 as passed by the Lok Sabha on 30th April 2015. Taxmann has also summarized all the important changes made in the Finance Bill 2015
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