Income Tax News

IT Department conducts searches in Delhi and Mumbai

16 July 2022 at 07:52

Income Tax Department carried out a search and seizure operation on 07.07.2022 on a Delhi and Mumbai based group, engaged in the business of hospitality, marble, lights trading and real estate.

Posted in Income Tax | 1599 Views

Application u/s 158AB to defer filing of appeal before Tribunal or jurisdictional High Court

14 July 2022 at 08:44

CBDT on July 12, 2022 has issued the Income-tax (Twenty Second Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962. This has come into force on July 12, 2022.

Posted in Income Tax | 4032 Views

IT Department conducts searches on a Pharmaceutical Group in Bengaluru

14 July 2022 at 08:44

Income Tax Department carried out search and seizure operations on 06.07.2022 on a major Bengaluru-based pharmaceutical group, engaged in the business of manufacturing and marketing of pharmaceutical products and Active Pharmaceutical Ingredients (API).

Posted in Income Tax | 1512 Views

IT Department conducts searches on two business groups in Tamil Nadu

13 July 2022 at 08:31

Income Tax Department carried out search and seizure operations on 06.07.2022 on two business groups of Tamil Nadu engaged in the business of Civil Contracts, Real Estate, Advertising etc.

Posted in Income Tax | 1959 Views

CBDT inserts New Rule 21AL - Other Conditions required to be fulfilled by the original fund

12 July 2022 at 08:37

CBDT makes rules further to amend the Income-tax Rules, 1962. These rules may be called the Income-tax (21st Amendment) Rules, 2022.

Posted in Income Tax | 4758 Views

IT Department conducts searches on two real estate groups of Bengaluru and Hyderabad

12 July 2022 at 08:37

Income Tax Department carried out search and seizure operations on two leading real estate groups of Bengaluru and Hyderabad, engaged in the business of construction/sale/leasing of commercial/residential space, and educational and hospitality services.

Posted in Income Tax | 1404 Views

CBDT enabled filing of ITR-U for AY 2020-21 and AY 2021-22

11 July 2022 at 10:22

E-filing of Updated ITR u/s 139(8A) has been enabled for ITR 2 & 3 for AY 2020-21 and AY 2021-22 using Excel utility.

Posted in Income Tax | 4 comments | 6786 Views

IT Department conducts searches on premises of pharma group in Delhi NCR, Haryana

09 July 2022 at 08:39

The Income Tax Department carried out search and seizure operations on 29.06.2022 on a group engaged in the business of manufacturing and distribution of Pharmaceutical medicines and Real Estate Development.

Posted in Income Tax | 1299 Views

IT raids on Dolo-650 maker Micro Labs for alleged tax evasion

08 July 2022 at 08:43

The income tax department on Wednesday conducted searches at the offices and residences of top management of Dolo-650 manufacturer Micro Labs for alleged tax evasion, sources said.

Posted in Income Tax | 1 comments | 5973 Views

IT Department conducts search operations on a group engaged in the business of mining, processing and trading of black stones

08 July 2022 at 08:43

The Income Tax Department carried out search and seizure operations on a group engaged in the business of mining, processing and trading of black stones.

Posted in Income Tax | 1455 Views