Income Tax News
Central Government withdraws 5% TCS on tour package of NRIs visiting India
01 April 2022 at 08:53Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India
CBDT notifies Faceless Jurisdiction of Income Tax Authorities Scheme, 2022
31 March 2022 at 09:05Faceless Jurisdiction of Income Tax Authorities Scheme, 2022
CBDT amends Income-tax Rules, 1962 for prescribing fees u/s 234H of IT Act, 1961
31 March 2022 at 09:05Amendment to the provisions of Income-tax Rules, 1962 for prescribing fees under section 234H of the Income-tax Act, 1961
CBDT notifies e-Assessment of Income Escaping Assessment Scheme, 2022
31 March 2022 at 09:05e-Assessment of Income Escaping Assessment Scheme, 2022
IT Department conducts searches on a popular chain of educational institutes in Maharashtra
25 March 2022 at 08:36The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several schools and colleges at multiple locations in India and abroad.
CBDT issues refunds to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022
24 March 2022 at 12:31CBDT issues refunds of over Rs. 1,93,720 crore to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022.
Assets worth Rs 19,111.20 crore of Vijay Mallya, Nirav Modi and Mehul Choksi seized
23 March 2022 at 08:57Cases pertaining to Vijay Mallya, Nirav Modi and Mehul Choksi who have defrauded Public Sector banks by siphoning off the funds through their companies which resulted in total loss of Rs. 22,585.83 crore to the public sector banks.
IT Department conducts searches in a prominent Real Estate Group of North India
22 March 2022 at 16:36Income Tax Department conducts searches in a prominent Real Estate Group of North India
IT Department conducts searches on a Pune & Thane based unicorn start-up group
21 March 2022 at 08:39Income Tax Department conducted a Search & Seizure operation on a Pune & Thane based unicorn start-up group, primarily engaged in the business of wholesale and retail of construction material
CBDT provides relaxation from the requirement of electronic filing of application in Form No.3CF
18 March 2022 at 07:50Relaxation from the requirement of electronic filing of application in Form No.3CF for seeking approval under section 35(1)(ii)/(iia)/(iii) of the Income-tax Act,1961 (the Act)
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