Income Tax News

CBDT provides one-time relaxation for verification of e-filed ITRs for AY 2020-21

29 December 2021 at 08:40

One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2020-21 which are pending for verification and processing of such returns

Posted in Income Tax | 9861 Views

More than 15.49 lakh ITRs filed in a single day as the due date of 31st Dec 2021 approaches

28 December 2021 at 20:43

Over 4.67 crore Income Tax Returns(ITRs) have been filed on the new e-filing portal of the Income Tax Department as on 27th December, 2021.

Posted in Income Tax | 2007 Views

CBDT issues refunds to more than 1.45 crore taxpayers from 1st April to 27th December, 2021

28 December 2021 at 15:25

CBDT issues refunds of over Rs. 1,49,297 crore to more than 1.45 crore taxpayers from 1st April, 2021 to 27th December, 2021.

Posted in Income Tax | 1338 Views

CBIC mandates Aadhaar Authentication for Registered Persons

23 December 2021 at 08:42

The 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.

Posted in Income Tax | 1839 Views

CBDT issues refunds to more than 1.38 crore taxpayers from 1st April to 20th December 2021

23 December 2021 at 08:41

CBDT issues refunds of over Rs. 1,44,328 crore to more than 1.38 crore taxpayers from 1st April 2021 to 20th December,2021.

Posted in Income Tax | 1152 Views

IT Department conducts Search Operations on over 30 premises in Uttar Pradesh and Karnataka

22 December 2021 at 08:38

The 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.

Posted in Income Tax | 1329 Views

Net Direct Tax collections for the F.Y. 2021-22 grown at robust pace at more than 60%

18 December 2021 at 07:08

The 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

Posted in Income Tax | 1611 Views

CBDT launches the e-Verification Scheme, 2021

17 December 2021 at 17:44

The 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.

Posted in Income Tax | 5973 Views

3.59 crore ITRs filed on the new e-filing portal of the IT Department

16 December 2021 at 20:00

As on 15th December, 2021, 3.59 crore Income Tax Returns(ITRs) have been filed on the new e-filing portal of the Department.

Posted in Income Tax | 3468 Views

CBDT issues refunds to more than 1.27 crore taxpayers from 1st April to 13th December 2021

15 December 2021 at 16:35

CBDT issues refunds of over Rs. 1,36,779 crore to more than 1.27 crore taxpayers from 1st Apr, 2021 to 13th December,2021.

Posted in Income Tax | 1074 Views