Income Tax News

CBDT extends last date for updation of UDINs at e-filing Portal to 30th April 2022

31 January 2022 at 16:46

The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 30th April, 2022.

Posted in Income Tax | 7248 Views

CBDT issues refunds to more than 1.79 crore taxpayers from 1st April 2021 to 24th January 2022

27 January 2022 at 17:53

CBDT issues refunds of over Rs. 1,62,448 crore to more than 1.79 crore taxpayers from 1st Apr, 2021 to 24th Jan,2022.

Posted in Income Tax | 1092 Views

CBDT exempts income of the National Skill Development Corporation under Sec 10(46)

24 January 2022 at 08:34

In exercise of the powers conferred by clause (46) of section 10 of the IT Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, National Skill Development Corporation

Posted in Income Tax | 3759 Views

CBDT issued guidelines under clause (10D) Section 10 of IT Act, 1961

22 January 2022 at 08:46

CBDT issued Guidelines on Income Tax Exemption for Unit Linked Insurance Policies (ULIP) Receipts under Section 10(10D) vide a Circular 2/2022 dated 19/01/2022.

Posted in Income Tax | 8664 Views

CBDT notifies E-advance Rulings Scheme, 2022

21 January 2022 at 09:01

E-advance Rulings Scheme, 2022 notified by CBDT

Posted in Income Tax | 4248 Views

CBDT issues refunds to more than 1.74 crore taxpayers from 1st April 2021 to 17th January, 2022

20 January 2022 at 14:37

CBDT issues refunds of over Rs. 1,59,192 crore to more than 1.74 crore taxpayers from 1st April 2021 to 17th January, 2022.

Posted in Income Tax | 1563 Views

IT Department conducts search operations in Haryana resulting in seizure of unaccounted cash of more than Rs 6.60 crore

18 January 2022 at 08:33

The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing of plywood/plyboard, MDF board, inverter and vehicle batteries, and in the refining of lead on 11.01.2022.

Posted in Income Tax | 4812 Views

DDMA includes Offices of CAs & IT Practitioners under Exempted Category

14 January 2022 at 08:37

On the specific request of CBDT, the offices of Chartered Accountants & Income Tax Practitioners have been included in the Exempted Category as prescribed in DDMA's GRAP Order No. 460 dated 08.08.2021.

Posted in Income Tax | 9414 Views

CBDT issues refunds to more than 1.59 crore taxpayers from 1st April 2021 to 10th January 2022

13 January 2022 at 11:46

CBDT issues refunds of over Rs. 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10th January, 2022.

Posted in Income Tax | 1338 Views

CBDT extends the timeline for filing Income Tax Returns and various Reports of Audit for AY 2021-22

11 January 2022 at 17:41

CBDT has extended the timeline for filing of Income Tax Returns and various Reports of Audit for AY 2021-22. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and difficulties faced by taxpayers and professionals.

Posted in Income Tax | 15 comments | 62961 Views