Income Tax News

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

28 June 2022 at 17:07

E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22 using Excel utility for ITR 1 and 4.

Posted in Income Tax | 1 comments | 14172 Views

IRS officer Nitin Gupta appointed as new chairman of CBDT

28 June 2022 at 08:41

IRS officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.

Posted in Income Tax | 7758 Views

3 IT officials siphoned off crores through fictitious TDS refunds

27 June 2022 at 08:36

The Central Bureau of Investigation (CBI) has registered a case against three Income-Tax Department officials and nine beneficiaries for allegedly facilitating fraudulent refunds of Tax Deducted at Source (TDS).officials have been identif

Posted in Income Tax | 3 comments | 6546 Views

CBDT releases Format, Procedure and Guidelines for submission of Forms for Securities Transaction Tax

25 June 2022 at 08:32

Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)

Posted in Income Tax | 4287 Views

CBDT notified new TDS Challan Forms 26QB, 26QC, 26QD, 26QE

23 June 2022 at 08:52

In exercise of the powers conferred by section 295 read with sections 194B, 194-IA, 194R, 194S and section 206AB of the IT Act, 1961, CBDT makes rules further to amend the Income-tax Rules, 1962

Posted in Income Tax | 13599 Views

CBDT issues guidelines for removal of difficulties under Section 194S of IT Act, 1961

23 June 2022 at 08:51

CBDT issued guidelines that will apply only in cases where transfer of VDA is taking place on or through an Exchange.

Posted in Income Tax | 6759 Views

IT Dept conducts searches in Rajasthan/Mumbai seizing unaccounted income in excess of Rs. 100 crore

22 June 2022 at 08:46

Income Tax Department carried out search and seizure operations on 16.06.2022 on a business group involved in retail and export sale of handicrafts, cash financing, purchase and sale of land and buildings, alongwith some bullion traders.

Posted in Income Tax | 4062 Views

Income Tax Department conducts searches on a leading industrial group of Chennai

21 June 2022 at 08:55

Income Tax Department carried out search and seizure operations on 15.06.2022 on a leading industrial group of Chennai, engaged in the business of manufacturing of IMFL, logistics, hospitality, entertainment etc

Posted in Income Tax | 5100 Views

CBDT specifies Safe Harbour Rules for AY 2022 at same rates

19 June 2022 at 11:35

CBDT on June 17, 2022 issued the income-tax (18th Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962.

Posted in Income Tax | 2721 Views

CBDT provides relaxation from TDS u/s 194I on payment of lease or supplemental lease rent

18 June 2022 at 06:38

CBDT specifies that no deduction of tax shall be made under section 194-I of the Income-tax Act on payment in the nature of lease rent or supplemental lease rent

Posted in Income Tax | 1 comments | 6432 Views