Income Tax News

CBDT Chairman: Taxpayers base and ITRs rose for FY 2022

12 June 2022 at 09:13

The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman Sangeeta Singh said on Saturday.Talking to PTI, Ms Singh said the number of income tax returns last fiscal was 7.14 crore against

Posted in Income Tax | 3939 Views

Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

10 June 2022 at 08:48

Section 206AB and 206CCA of the Income-tax Act,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDS/TCS rate on the "Specified Persons"

Posted in Income Tax | 5382 Views

CBDT's e-book "Aarohan" released by Dr. Jitendra Singh

09 June 2022 at 08:43

Union Minister of State (Independent Charge) Dr. Jitendra Singh releases CBDT’s e-book "Aarohan"

Posted in Income Tax | 2043 Views

IT Department clarifies rate of TDS on VDA continues to be 1%

09 June 2022 at 08:43

The IT department on Wednesday clarified that the TDS on virtual digital assets continues to be 1%.

Posted in Income Tax | 9075 Views

CBDT amends provisions on Eligible Investment Fund

08 June 2022 at 08:54

CBDT vide Notification No. 59/2022 specified in case of an eligible investment fund referred to in sub section (8A) of section 9A of the IT Act 1961.

Posted in Income Tax | 3648 Views

IT department directs Infosys to fix glitches in new e-filing portal

07 June 2022 at 14:45

Income Tax department on Tuesday directed Infosys to address fresh technical glitches on the tax department's e-filing portal.

Posted in Income Tax | 2 comments | 7926 Views

CBDT issues clarification regarding Form No 10AC issued till the date of this Circular

04 June 2022 at 08:55

Clarification regarding Form No 10AC issued till the date of this Circular

Posted in Income Tax | 7623 Views

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 | 1521 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 | 4968 Views