Income Tax News
Petitioner seeks tax exemption for persons earning below Rs 8 lakh, citing EWS criteria
23 November 2022 at 08:49Kunnur Seenivasan, a Dravida Munnetra Kazhagam (DMK) functionary, has filed a petition with the Madurai Bench of the Madras High Court on the ground of the recent Supreme Court ruling regarding the Economically Weaker Section (EWS) reservation. Seeni
IT Dept detects unaccounted transactions exceeding Rs. 100 crore in Bihar
23 November 2022 at 08:49Income Tax Department initiated a Search & Seizure action on few groups engaged in the business of gold & diamond jewellery and real estate, on 17.11.2022.
Several FPIs, AIFs get tax notice for errors in returns
22 November 2022 at 08:34The Income Tax Department has sent notices to dozens of foreign portfolio investors (FPIs) and alternative investment funds (AIFs), flagging discrepancies in their tax returns.
IT Department detects unaccounted income of more than Rs. 1300 crore in Karnataka
18 November 2022 at 15:15Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development Agreements (JDAs) with various real-estate developers.
Over 6.85 crore ITRs filed for FY22 so far
17 November 2022 at 12:17Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta has confirmed that over 6.85 crore income tax returns have been filed so far for fiscal 2021-22. Moreover, the CBDT chairman said that the number is expected to go up further by December 31.
IT dept conducts searches at Metropolis Healthcare in Mumbai
17 November 2022 at 08:35The Income-tax department has conducted searches at the premises of Metropolis Healthcare in Mumbai that runs medical diagnostic centres.
CBDT: Co-browsing feature made available for taxpayers
15 November 2022 at 08:34FAQs related to the Co-browsing feature have been released by Income Tax Department.
Gross Direct Tax collections for FY 2022-23 upto 10th Nov 2022 higher by 30.69% at Rs.10.54 lakh crore
12 November 2022 at 08:38The provisional figures of Direct Tax collections up to 10th November, 2022 continue to register steady growth. Direct Tax collections up to 10th November, 2022 show that gross collections are at Rs. 10.54 lakh crore which is 30.69% higher
IT raids on premises of Jalandhar industrialist, investor
11 November 2022 at 08:30Teams of the Income Tax Department on Thursday conducted raids on the premises of city-based industrialist Sheetal Vij and investor Chander Shekhar Aggarwal.
Unaccounted transactions of Rs 100 crore found during IT raids in Jharkhand
09 November 2022 at 10:08A 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.
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