Income Tax News

IT raids on premises of Jalandhar industrialist, investor

11 November 2022 at 08:30

Teams of the Income Tax Department on Thursday conducted raids on the premises of city-based industrialist Sheetal Vij and investor Chander Shekhar Aggarwal.

Posted in Income Tax | 6156 Views

Unaccounted transactions of Rs 100 crore found during IT raids in Jharkhand

09 November 2022 at 10:08

A search and seizure action was initiated by the Income Tax Department on few business groups engaged in coal trading/ transportation, execution of civil contracts, extraction of iron ore and production of sponge iron, on 04.11.2022.

Posted in Income Tax | 7308 Views

CBDT released Explanatory Notes to provisions of the Finance Act, 2022

05 November 2022 at 08:42

Explanatory Notes to provisions of the Finance Act, 2022

Posted in Income Tax | 1 comments | 8049 Views

IT dept conducts raids at 40 locations in Rajasthan, 3 businessmen on radar

04 November 2022 at 08:35

The Income Tax officials are currently conducting raids at around 40 locations in Rajasthan’s Bikaner and Nokha.

Posted in Income Tax | 3804 Views

CBDT condones delay in filing Form 10A up to 25th Nov 2022

01 November 2022 at 20:35

In view of the representations received by Central Board of Direct Taxes (CBDT) and with a view to avoid genuine hardship to taxpayers, the CBDT condones the delay in filing of Form 10A up to 25th November, 2022

Posted in Income Tax | 5856 Views

CBDT releases draft Common ITR Form for public consultation

01 November 2022 at 20:35

At present, taxpayers are required to furnish their Income-tax Returns in ITR-1 to ITR-7 depending upon the type of person and nature of income.

Posted in Income Tax | 1 comments | 9372 Views

CBDT extends due date of filing Form 26Q for second quarter of FY 2022-23 to 30th Nov

27 October 2022 at 20:10

Considering the difficulties in filing of TDS statement in the revised and updated Form 26Q, the Central Board of Direct Taxes (CBDT) has extended the due date of filing of Form 26Q for the second quarter of Financial Year 2022-23

Posted in Income Tax | 14439 Views

SC: More than 24 prominent charitable institutions in India may face tax scrutiny

27 October 2022 at 08:35

More than 24 prominent charitable institutions in the country may soon face tax scrutiny after a Supreme Court ruling set the limits to which tax exemption can be claimed.

Posted in Income Tax | 1 comments | 5328 Views

CBDT extends due date for furnishing return of income for AY 2022-23

26 October 2022 at 15:25

Extension of due date for furnishing return of income for the Assessment Year 2022-23

Posted in Income Tax | 45474 Views

IT portal's updation earlier this fiscal won't impact benefits availed by Udyam MSMEs

26 October 2022 at 08:38

The MSME Ministry has clarified that there won't be any change in benefits availed by enterprises registered on the Udyam portal and classified as per the MSME definition between April 1 and June 7, 2022.

Posted in Income Tax | 3090 Views