Income Tax News

IT Department conducted search operations largely in Uttar Pradesh and Maharashtra

06 January 2022 at 08:59

The Income Tax Department carried out search and seizure operation on 31.12.2021 on two groups engaged in the business of perfume manufacturing and real estate...

Posted in Income Tax | 4563 Views

CBDT issues refunds to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January 2022

05 January 2022 at 15:12

CBDT issues refunds of over Rs. 1,50,407 crore to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January, 2022

Posted in Income Tax | 1455 Views

Xiaomi, Oppo Likely to Face Rs 1,000 Crore Fine for Income Tax Violation

03 January 2022 at 14:31

Two of the most popular smartphone manufacturing Companies Xiaomi and Oppo, are likely to face a fine of Rs 1000 crore for not complying with the regulatory mandate prescribed under the Income Tax Act.

Posted in Income Tax | 10530 Views

Nearly 5.89 crore Income Tax Returns filed as on 31st December, 2021

01 January 2022 at 20:52

5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021

Posted in Income Tax | 2403 Views

Income Tax Department conducts pan-India searches in case of mobile manufacturing companies

31 December 2021 at 18:51

The Income Tax Department carried out search and seizure operations pan-India on 21.12.2021 in the case of certain foreign controlled Mobile Communication & Mobile Hand-set Manufacturing Companies and their associated persons.

Posted in Income Tax | 7803 Views

CBDT to set up a National Faceless Appeal Centre to facilitate the conduct of e-appeal proceedings

31 December 2021 at 18:48

The Central Board of Direct Taxes has notified the Faceless Appeal Scheme, 2021 via Notification No. 139/2021 - Income Tax on 28th December 2021.th December 2021.

Posted in Income Tax | 2157 Views

CBDT inserts New Rule 16DD - Form of Particulars to be Furnished along with Return of Income for Claiming Deduction

31 December 2021 at 18:47

The Central Board of Direct Taxes has notified the Income-tax (35th Amendment) Rules, 2021 to make amendments to the Income-tax Rules,1962.

Posted in Income Tax | 11514 Views

No extension in the due date for ITR Filing: Revenue Secretary

31 December 2021 at 16:36

There will not be any extension in Due Dates for filing IT Return as said by Mr. Tarun Bajaj, Revenue Secretary in the Press Conference.

Posted in Income Tax | 5844 Views

Request for Extension in Filing of Income Tax Returns by District Taxation Bar Association (Direct Taxes) Ludhiana

30 December 2021 at 13:52

Memorandum for extension of time for filing income tax returns in the light of the issues and problems being faced by the Members & the Assessees

Posted in Income Tax | 14055 Views

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