Income Tax News

CBDT issued guidelines under clause (10D) Section 10 of IT Act, 1961

22 January 2022 at 08:46

CBDT issued Guidelines on Income Tax Exemption for Unit Linked Insurance Policies (ULIP) Receipts under Section 10(10D) vide a Circular 2/2022 dated 19/01/2022.

Posted in Income Tax | 8676 Views

CBDT notifies E-advance Rulings Scheme, 2022

21 January 2022 at 09:01

E-advance Rulings Scheme, 2022 notified by CBDT

Posted in Income Tax | 4248 Views

CBDT issues refunds to more than 1.74 crore taxpayers from 1st April 2021 to 17th January, 2022

20 January 2022 at 14:37

CBDT issues refunds of over Rs. 1,59,192 crore to more than 1.74 crore taxpayers from 1st April 2021 to 17th January, 2022.

Posted in Income Tax | 1563 Views

IT Department conducts search operations in Haryana resulting in seizure of unaccounted cash of more than Rs 6.60 crore

18 January 2022 at 08:33

The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing of plywood/plyboard, MDF board, inverter and vehicle batteries, and in the refining of lead on 11.01.2022.

Posted in Income Tax | 4812 Views

DDMA includes Offices of CAs & IT Practitioners under Exempted Category

14 January 2022 at 08:37

On the specific request of CBDT, the offices of Chartered Accountants & Income Tax Practitioners have been included in the Exempted Category as prescribed in DDMA's GRAP Order No. 460 dated 08.08.2021.

Posted in Income Tax | 9414 Views

CBDT issues refunds to more than 1.59 crore taxpayers from 1st April 2021 to 10th January 2022

13 January 2022 at 11:46

CBDT issues refunds of over Rs. 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10th January, 2022.

Posted in Income Tax | 1338 Views

CBDT extends the timeline for filing Income Tax Returns and various Reports of Audit for AY 2021-22

11 January 2022 at 17:41

CBDT has extended the timeline for filing of Income Tax Returns and various Reports of Audit for AY 2021-22. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and difficulties faced by taxpayers and professionals.

Posted in Income Tax | 15 comments | 62979 Views

ACAE | Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports

08 January 2022 at 08:42

ACAE Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports

Posted in Income Tax | 11034 Views

IT Department conducted search operations largely in Uttar Pradesh and Maharashtra

06 January 2022 at 08:59

The Income Tax Department carried out search and seizure operation on 31.12.2021 on two groups engaged in the business of perfume manufacturing and real estate...

Posted in Income Tax | 4560 Views

CBDT issues refunds to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January 2022

05 January 2022 at 15:12

CBDT issues refunds of over Rs. 1,50,407 crore to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January, 2022

Posted in Income Tax | 1455 Views