Income Tax News
CBIC mandates Aadhaar Authentication for Registered Persons
23 December 2021 at 08:42The Central Government vide Notification No. 38/2021-CT dated 21.12.2021 has notified January 1, 2022 as the implementation date for Rule 10B of CGST Rules, 2017.
CBDT issues refunds to more than 1.38 crore taxpayers from 1st April to 20th December 2021
23 December 2021 at 08:41CBDT issues refunds of over Rs. 1,44,328 crore to more than 1.38 crore taxpayers from 1st April 2021 to 20th December,2021.
IT Department conducts Search Operations on over 30 premises in Uttar Pradesh and Karnataka
22 December 2021 at 08:38The Income Tax Department carried out search and seizure operation on 18.12.2021 on various persons and their business entities, engaged in the business of civil construction and real estate and running educational institutes in UP and Karnataka.
Net Direct Tax collections for the F.Y. 2021-22 grown at robust pace at more than 60%
18 December 2021 at 07:08The figures of Direct Tax collections for the FY 2021-22, as on 16.12.2021 show that net collections are at Rs. 9,45,276.6 crore compared to Rs. 5,87,702.9 crore
CBDT launches the e-Verification Scheme, 2021
17 December 2021 at 17:44The Central Board of Direct Taxes in exercise of the powers conferred by sub-sections (1) and (2) of section 135A of the Income Tax Act, 1961 has launched the e-Verification Scheme, 2021 via Notification No. S.O. 5187(E) on 13th December 2021.
3.59 crore ITRs filed on the new e-filing portal of the IT Department
16 December 2021 at 20:00As on 15th December, 2021, 3.59 crore Income Tax Returns(ITRs) have been filed on the new e-filing portal of the Department.
CBDT issues refunds to more than 1.27 crore taxpayers from 1st April to 13th December 2021
15 December 2021 at 16:35CBDT issues refunds of over Rs. 1,36,779 crore to more than 1.27 crore taxpayers from 1st Apr, 2021 to 13th December,2021.
CBDT issues refunds to more than 1.19 crore taxpayers from 1st April to 6th December, 2021
09 December 2021 at 12:15CBDT issues refunds of over Rs. 1,32,381 crore to more than 1.19 crore taxpayers from 1st Apr, 2021 to 6th December, 2021.
IT Department conducts search operations on a taxpayer in Delhi
06 December 2021 at 12:13The Income Tax Department initiated search action on 24.11.2021 on a taxpayer in Delhi who has created a beneficiary trust and an underlying company in low tax overseas jurisdiction.
Over 3 crore ITRs filed on the new e-Filing portal of Income Tax Department
05 December 2021 at 16:44More than 3 crore Income Tax Returns filed on new e-Filing portal of Income Tax Department; Taxpayers who are yet to file their ITRs for AY 2021-22 advised to file at the earliest
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