Income Tax News

CBDT grants IT exemption to CERSAI under u/s 10 (46)

07 September 2022 at 08:37

The central government has granted income tax exemption to Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a body set up to record security interest of lenders on assets.

Posted in Income Tax | 3180 Views

Over 1.55 lakh updated ITRs filed in May-September 2022

05 September 2022 at 08:37

Over 1.55 lakh updated income tax returns (ITR-U) have been filed up to September 2, the income tax department said on Sunday.

Posted in Income Tax | 3513 Views

CBDT issues refunds to more than 1.97 crore taxpayers between 1st April to 31st August 2022

03 September 2022 at 12:59

CBDT issues refunds of over Rs. 1.14 lakh crore to more than 1.97 crore taxpayers between 1st April, 2022 to 31st Aug, 2022.

Posted in Income Tax | 1920 Views

E-Pay Tax service using UPI, Credit Card, RTGS/NEFT enabled on IT portal

03 September 2022 at 09:09

The income tax department's e-filing portal has expanded payment choices for the e-pay tax service, including RTGS/NEFT and payment gateway modes.

Posted in Income Tax | 3156 Views

CBDT eases PAN / Aadhaar norm for government/consular office

03 September 2022 at 08:45

The Central Board of Direct Taxes (CBDT) has eased the requirement of quoting Permanent Account Number (PAN) or Aadhaar in the case of certain transactions by the government or a consular office, showed an official order.

Posted in Income Tax | 6885 Views

IT Dept conducts searches on a prominent Transmission Tower manufacturing group in West Bengal

02 September 2022 at 08:42

The Income Tax Department carried out a search and seizure operation on 24.08.2022 on a prominent Kolkata based group

Posted in Income Tax | 1545 Views

IT Department conducts searches on two prominent real estate groups of Kolkata

01 September 2022 at 08:34

The Income Tax Department carried out a search and seizure operation on 18.08.2022 on two prominent real estate groups of Kolkata.

Posted in Income Tax | 1323 Views

CBDT amends Rule 17CB to replace 'trust or institution' with 'specified person'

24 August 2022 at 08:37

for the words "trust or institution" wherever they occur, the words "specified person" shall be substituted;

Posted in Income Tax | 4557 Views

Income tax department conducts searches on a business group in Gujarat

24 August 2022 at 08:37

The Income Tax Department carried out a search and seizure operation on 09.08.2022 on a business group primarily engaged in manufacturing and trading of ceramic tiles.

Posted in Income Tax | 1995 Views

IT rules amended to allow foreign tax credit even with delayed filing of Form 67

20 August 2022 at 07:37

The statement in Form No. 67 referred to in clause (i) of sub-rule (8) and the certificate or the statement referred to in clause (ii) of sub-rule (8) shall be furnished on or before the end of the assessment year relevant to the previous year

Posted in Income Tax | 3402 Views