Income Tax News

CBDT's e-book "Aarohan" released by Dr. Jitendra Singh

09 June 2022 at 08:43

Union Minister of State (Independent Charge) Dr. Jitendra Singh releases CBDT’s e-book "Aarohan"

Posted in Income Tax | 2022 Views

IT Department clarifies rate of TDS on VDA continues to be 1%

09 June 2022 at 08:43

The IT department on Wednesday clarified that the TDS on virtual digital assets continues to be 1%.

Posted in Income Tax | 9057 Views

CBDT amends provisions on Eligible Investment Fund

08 June 2022 at 08:54

CBDT vide Notification No. 59/2022 specified in case of an eligible investment fund referred to in sub section (8A) of section 9A of the IT Act 1961.

Posted in Income Tax | 3636 Views

IT department directs Infosys to fix glitches in new e-filing portal

07 June 2022 at 14:45

Income Tax department on Tuesday directed Infosys to address fresh technical glitches on the tax department's e-filing portal.

Posted in Income Tax | 2 comments | 7911 Views

CBDT issues clarification regarding Form No 10AC issued till the date of this Circular

04 June 2022 at 08:55

Clarification regarding Form No 10AC issued till the date of this Circular

Posted in Income Tax | 7602 Views

CBDT notified National Biodiversity Authority for purposes of exemption u/s 10(46)

02 June 2022 at 08:49

CBDT notifies for the purposes of the said clause, 'National Biodiversity Authority' (PAN AAALN0331K), an Authority established under the Biological Diversity Act, 2002 (18 of 2003)

Posted in Income Tax | 1509 Views

IT Department conducts raids at Embassy Group premises for alleged tax evasion

02 June 2022 at 08:49

The income tax department on Wednesday, launched search operations at several premises associated with real estate company Embassy Group across Karnataka, Haryana and Maharashtra.

Posted in Income Tax | 4965 Views

CBDT inserts Rule 44FA - Form/Manner of filing appeal to High Court on order passed by Board for Advance Rulings u/s 245W(1)

02 June 2022 at 08:49

The Central Board of Direct Taxes vide notification dated 31st May, 2022 has issued the Income-tax (Sixteenth Amendment) Rules, 2022.

Posted in Income Tax | 3249 Views

IT department initiates probe against perfume baron Piyush Jain

30 May 2022 at 08:42

The Income Tax Department has started the investigation against Kanpur-based perfume businessman Piyush Jain.

Posted in Income Tax | 24354 Views

CBDT notified Faceless Penalty (Amendment) Scheme, 2022 allowing mandatory personal hearing

29 May 2022 at 07:37

CBDT has notified the amendment in the faceless penalty scheme, allowing mandatory personal hearing through electronic mode to any taxpayer who has sought a hearing.

Posted in Income Tax | 4863 Views