Income Tax News
CBDT notifies CPPIB India Private Holdings Inc. for Sec 10(23FE) exemption
19 August 2022 at 08:50Central Government hereby specifies the pension fund, namely, CPPIB India Private Holdings Inc. as the specified person for the purposes of the said clause
CBDT notifies INQ Holding LLC for Sec 10(23FE) exemption
18 August 2022 at 08:45Central Government hereby specifies the sovereign wealth fund, namely, INQ Holding LLC
CBDT notifies statement of accumulation u/s 10(23C)
18 August 2022 at 08:45Exercise of option etc. under Explanation 3 to the third proviso to clause (23C) of section 10 or section 11
IT Department conducts searches in UP, over Rs 15 crore cash seized
13 August 2022 at 08:32The Income Tax Department carried out a search operation on 03.08.2022 on a Jhansi based group, engaged in the business of civil contract and real estate development.
IT Department conducts searches on big firms in Rajasthan & Maharashtra
12 August 2022 at 08:38IT Department conducts searches in Rajasthan & Maharashtra
CBDT enabled e-filing of ITR-U for AY 2020-21 and AY 2021-22 using Excel utility for ITR 7
11 August 2022 at 16:48E-filing of Updated ITR u/s 139(8A) has also been enabled for ITR 7 for AY 2020-21 and AY 2021-22 using Excel utility.
Income tax payers cannot join Atal Pension Yojana scheme from 1st Oct
11 August 2022 at 11:39In the changed Atal Pension Yojana rules, an income tax payer will not be eligible to open Atal Pension Yojana account from 1st October 2022.
IT Dept conducts searches in Madhya Pradesh & Mumbai seizing a large number of incriminating documentary and digital evidences
11 August 2022 at 08:25The Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor.
Banks approach CBDT seeking clarity on new TDS norm
09 August 2022 at 15:40Banks have approached the Central Board of Direct Taxes (CBDT) for clarity on the scope of Section 194R of the Income Tax Act, as they fear the newly introduced provision will force them to deduct a 10% tax at source on incentives
Various measures taken by Govt. contributed to increase in tax collection
09 August 2022 at 08:43Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government have contributed to increase in tax collection.
Popular News
- ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
- Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026
- CBDT Revises Form 161 for Penalty Waiver Applications Under Income Tax Act 2025
- GST Return Reforms: New ITC Reconciliation Mechanism Proposed from April 2027
- ICAI Gives Last Opportunity to Submit MEF 2026-27 Application on 15th to 16th October
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
