Income Tax News
IT officials conducts searches at 20 locations across Telangana
05 January 2023 at 08:39Income Tax officials are conducting searches at 20 locations across Telangana regarding discrepancies in rubber import-export and irregularities in tax payment.
UIDAI enables Head of Family based online address update in Aadhaar
04 January 2023 at 08:45Residents can update address in Aadhaar online with the consent of their Head of Family (HOF)
IT department enables e-Pay Tax service for IndusInd Bank with over the counter and net banking options
03 January 2023 at 08:42e-Pay Tax service is now enabled for City Union Bank with Over the Counter and Net Banking options.
E-filing of Updated ITR has been enabled on IT Portal for AY 2022-23
02 January 2023 at 08:59E-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)
CBDT | Clarification for the purposes of clause (c) of Sec 269ST of IT Act 1961
31 December 2022 at 08:45Clarification 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
Bihar-based daily wage labourer gets income tax notice of Rs 14 crore
21 December 2022 at 08:52A 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.
Gross direct tax collection grows 25.90% to Rs.13.63 lakh crore for FY 2022-23
19 December 2022 at 08:39Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%
CBDT issued SOP on filing of Appeals / SLPs by IT Dept in Supreme Court and related matters
19 December 2022 at 08:39The CBDT vide Instruction No. 2/2022 dated December 15, 2022 has issued the Standard Operating Procedure ("SOP") on the filing of Appeals/Special Leave Petitions ("SLPs") by the Income Tax Department in the Supreme Court and related matters.
SC: IT department cannot initiate reassessment proceedings during pendency of rectification proceedings
16 December 2022 at 11:31The Supreme Court has held that the income tax department cannot initiate the reassessment proceedings during the pendency of the rectification proceedings.The division bench of Justice M.R. Shah and Justice C.T. Ravikumar has observed that the Punja
CBI arrests 9 IT officials for joining dept without exams
15 December 2022 at 08:28The Central Bureau of Investigation (CBI) arrested nine Income Tax (I-T) officers in Maharashtra's Nagpur for allegedly joining the department without appearing for the mandatory examination conducted by the Staff Selection Commission.
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