Income Tax News


CBDT notified National Biodiversity Authority for purposes of exemption u/s 10(46)

   02 June 2022 at 08:49

CBDT notifies for the purposes of the said clause, 'National Biodiversity Authority' (PAN AAALN0331K), an Authority established under the Biological Diversity Act, 2002 (18 of 2003)

Posted in Income Tax |   1509 Views


IT Department conducts raids at Embassy Group premises for alleged tax evasion

   02 June 2022 at 08:49

The income tax department on Wednesday, launched search operations at several premises associated with real estate company Embassy Group across Karnataka, Haryana and Maharashtra.

Posted in Income Tax |   4965 Views


CBDT inserts Rule 44FA - Form/Manner of filing appeal to High Court on order passed by Board for Advance Rulings u/s 245W(1)

   02 June 2022 at 08:49

The Central Board of Direct Taxes vide notification dated 31st May, 2022 has issued the Income-tax (Sixteenth Amendment) Rules, 2022.

Posted in Income Tax |   3249 Views


IT department initiates probe against perfume baron Piyush Jain

   30 May 2022 at 08:42

The Income Tax Department has started the investigation against Kanpur-based perfume businessman Piyush Jain.

Posted in Income Tax |   24354 Views


CBDT notified Faceless Penalty (Amendment) Scheme, 2022 allowing mandatory personal hearing

   29 May 2022 at 07:37

CBDT has notified the amendment in the faceless penalty scheme, allowing mandatory personal hearing through electronic mode to any taxpayer who has sought a hearing.

Posted in Income Tax |   4863 Views


FAKE Alert - No financial aid to Indian citizens is announced by Ministry of Finance

   24 May 2022 at 08:32

A message with a link 'https://bit.ly/3P7CiPY' is doing the rounds on social media and is claiming to offer a financial aid of Rs. 30,628 in the name of the Ministry of Finance to every citizen. This message is FAKE No such aid is announced

Posted in Income Tax |   3327 Views


CBDT notified Common Offline Utility (ITR 1 to ITR 4) for AY 2022-23

   21 May 2022 at 17:43

Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and ITR 4 for the AY 2022-23

Posted in Income Tax |   2718 Views


CBDT notified JSON Schema for ITR-7

   21 May 2022 at 17:43

CBDT notified JSON Schema For ITR-7 for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only.

Posted in Income Tax |   3864 Views


FAKE - IT Department cautions public against fraudsters claiming to provide lottery prize

   20 May 2022 at 08:42

E-mails and messages are being circulated by fraudsters with a false claim that the recipient has won a lottery.

Posted in Income Tax |   4806 Views


CBDT notifies regarding use of functionality under Section 206AB and 206CCA

   18 May 2022 at 12:15

Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961

Posted in Income Tax  1 comments |   7665 Views