Income Tax News

Direct tax collection stands at Rs. 14.71 lakh crore, records 24.58% growth

12 January 2023 at 08:36

Gross collections at Rs. 14.71 lakh crore 24.58% higher than the corresponding period of last year

Posted in Income Tax | 3705 Views

CBI arrests Chennai Income Tax officer and CA in a bribery case

09 January 2023 at 08:31

The CBI has arrested an Income Tax officer and a chartered accountant in Chennai for their alleged involvement in a Rs 2.25 lakh bribery case, officials said on Saturday.

Posted in Income Tax | 5397 Views

CBDT extends time limit for compliance to be made for claiming any exemption u/s 54 to 54GB in view of COVID-19

07 January 2023 at 08:41

CBDT on January 06, 2023, issued a notification regarding the Extension of the time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the IT Act,1961 ('Act') in view of the then-Covid-19 pandemic.

Posted in Income Tax | 10830 Views

IT officer held for seeking Rs 10K bribe sent to 2-day CBI remand by Mumbai court

07 January 2023 at 08:39

A special court here on Thursday remanded an income tax officer to two-day custody of the CBI after he was arrested for allegedly demanding a bribe of Rs 10,000 for cancelling a PAN (permanent account number) card of a Mumbai resident.

Posted in Income Tax | 5205 Views

IT officials conducts searches at 20 locations across Telangana

05 January 2023 at 08:39

Income Tax officials are conducting searches at 20 locations across Telangana regarding discrepancies in rubber import-export and irregularities in tax payment.

Posted in Income Tax | 2691 Views

UIDAI enables Head of Family based online address update in Aadhaar

04 January 2023 at 08:45

Residents can update address in Aadhaar online with the consent of their Head of Family (HOF)

Posted in Income Tax | 9981 Views

IT department enables e-Pay Tax service for IndusInd Bank with over the counter and net banking options

03 January 2023 at 08:42

e-Pay Tax service is now enabled for City Union Bank with Over the Counter and Net Banking options.

Posted in Income Tax | 7041 Views

E-filing of Updated ITR has been enabled on IT Portal for AY 2022-23

02 January 2023 at 08:59

E-filing of Updated ITR has been enabled on Income Tax Portal for AY 2022-23 (FY 2021-22)All ITR forms (ITR 1 to ITR 7) Utility & JSON Schema also released for Updated ITRITR 1For individuals being a resident (other than not ordinarily resident)

Posted in Income Tax | 15276 Views

CBDT | Clarification for the purposes of clause (c) of Sec 269ST of IT Act 1961

31 December 2022 at 08:45

Clarification for the purposes of clause (c) of Section 269ST of the Income-tax Act, 1961 in respect of dealership/distributorship contract in case of Co-operative Societies

Posted in Income Tax | 6561 Views

Bihar-based daily wage labourer gets income tax notice of Rs 14 crore

21 December 2022 at 08:52

A Bihar-based daily wage labourer, who earns Rs 10,000 to Rs 20,000 per month was shocked to his core as he received an income tax notice of Rs 14 crore at his house in Rohtas.

Posted in Income Tax | 6723 Views