Income Tax News


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 |   2232 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 |   9135 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 |   3705 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 |   7974 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 |   7716 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 |   1596 Views


CBDT inserts Rule 44FA - Form/Manner of filing appeal to High Court on order passed by Board for Advance Rulings u/s 245W(1)

 02 June 2022 at 08:49

The Central Board of Direct Taxes vide notification dated 31st May, 2022 has issued the Income-tax (Sixteenth Amendment) Rules, 2022.

Posted in Income Tax |   3276 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 |   5034 Views


IT department initiates probe against perfume baron Piyush Jain

 30 May 2022 at 08:42

The Income Tax Department has started the investigation against Kanpur-based perfume businessman Piyush Jain.

Posted in Income Tax |   24480 Views


CBDT notified Faceless Penalty (Amendment) Scheme, 2022 allowing mandatory personal hearing

 29 May 2022 at 07:37

CBDT has notified the amendment in the faceless penalty scheme, allowing mandatory personal hearing through electronic mode to any taxpayer who has sought a hearing.

Posted in Income Tax |   4914 Views



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