Income Tax News

CBDT amends Form No. 52A - Statement to be Furnished to AO u/s 285B for Production of a Cinematograph Film

26 November 2021 at 08:40

Under the amended Income Tax (32nd Amendment) Rules, 2021, Form No. 52A which is a statement to be furnished to the Assessing Officer under section 285B of the Income Tax Act, 1961, in respect of production of a cinematograph film has been amended.

Posted in Income Tax | 3258 Views

CBDT issues refunds to more than 1.11 crore taxpayers from 1st April to 22nd November 2021

25 November 2021 at 07:02

CBDT issues refunds of over Rs. 1,23,667 crore to more than 1.11 crore taxpayers from 1st Apr,2021 to 22nd November,2021.

Posted in Income Tax | 1437 Views

Centre releases Tax Devolution instalments of Rs. 95,082 crore to State Governments

24 November 2021 at 09:08

Centre releases two installments of tax devolution to State Governments amounting to Rs. 95,082 crore as against normal monthly devolution of Rs. 47,541 crore

Posted in Income Tax | 1296 Views

IT Dept Detects Rs 100 crore Black Income After Raids on Gujarat Gutka Distributor

24 November 2021 at 08:59

The Income Tax Department carried out search and seizure operations on a leading Gutkha distributor of Gujarat on 16.11.2021.

Posted in Income Tax | 1416 Views

CBDT issues refunds to more than 1.02 crore taxpayers from 1st April to 15th Nov 2021

18 November 2021 at 14:00

CBDT issues refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from 1st April,2021 to 15th November, 2021. Income tax refunds of Rs. 38,034 crore have been issued in 1,00,42,619 cases & corporate tax refunds of Rs. 81,059 crore

Posted in Income Tax | 1 comments | 1602 Views

IT Department sets Taxpayers' Lounge to aware taxpayers about various services provided to them

15 November 2021 at 08:24

A Taxpayers' Lounge has been set up by the Income Tax Department in India International Trade Fair, 2021 at Pragati Maidan, New Delhi from 14th - 27th November 2021

Posted in Income Tax | 1596 Views

CBDT issues refunds to more than 98.90 lakh taxpayers from 1st April to 8th November 2021

11 November 2021 at 08:35

CBDT issues refunds of over Rs. 1,15,917 crore to more than 98.90 lakh taxpayers from 1st April,2021 to 8th November, 2021.

Posted in Income Tax | 1344 Views

CBDT issues refunds to more than 91.30 lakh taxpayers from 1st April to 1st November 2021

05 November 2021 at 08:42

Income tax refunds of Rs. 33,548 crore have been issued in 89,53,923 cases &corporate tax refunds of Rs. 78,942 crore have been issued in 1,75,692 cases.

Posted in Income Tax | 1548 Views

IT Department rolls out a new Annual Information Statement (AIS) on the Compliance Portal

02 November 2021 at 08:35

The new AIS can be accessed by clicking on the link "Annual Information Statement (AIS)" on the new Income tax Portal. The display of Form 26AS on TRACES portal will also continue in parallel till the new AIS is validated and completely operational.

Posted in Income Tax | 15108 Views

More than 2.25 crore ITRs for AY 2021-22 filed on Income Tax e-filing portal till 28th Oct 2021

30 October 2021 at 12:17

Over 55% of these ITRs have been prepared using the online form available & filed on the new portal. More than 1.95 crore ITRs for AY 2021-22 have been e-verified till 28th October 2021. Out of this, 86% were verified using Aadhaar OTP.