Income Tax News
CBDT rebuts incorrect reports about Income Tax notices to Durga Puja Committees
16 August 2019 at 15:11There have been reports in the media about Income Tax notices being issued to Durga Puja Committees in Kolkata recently. The reports also mention that Income Tax notices were sent to the Durga Puja Committee Forum in the last few weeks. It is unequiv
Checklist to Avoid Mistakes in Filing ITR 7 and bug fixed in ITR6
16 August 2019 at 15:11Sl. No Assessee claiming exemption Requirement of compliance 1. Section 11 � Registration or Approval is required u/s 12/12AA and fill the details in �Details of registration under Inc
CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN
16 August 2019 at 15:11With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and orders of Income Tax Department are being generated electronically on the Income Tax Business Applic
Income Tax Searches in Tamil Nadu net more than Rs 700 crore
12 August 2019 at 11:04The Income Tax Department conducted a search and seizure operation on 06.08.2019 in the case of one of the major producers of beer and IMFL in Tamil Nadu. The search action was launched in the early hours of Tuesday at 55 premises in various places i
Income Tax Department detects Benami business of running of petrol outlets in Meghalaya
12 August 2019 at 11:04In a swift and coordinated action on Friday, 2nd August 2019, the Investigation Wing of Income Tax Department, NER carried out searches on certain businessmen in Meghalaya found to be involved in running a web of petrol pumps managed and controlled a
Enhancement of Monetary limits for filing of appeals by the IT Department
09 August 2019 at 12:14There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been continuously working towards achieving the same.To effectively reduce tax
ICSI representation for inclusion of CS in definition of Accountant under IT Act
06 August 2019 at 11:30ICSI Representation for inclusion of CS in the definition of Accountant under the Income Tax Act, 1961To read in details, find the enclosed file
IT Search on a prominent Real Estate Group in Mumbai
05 August 2019 at 11:59Search on a prominent Real Estate Group in MumbaiThe Income Tax Department conducted Search and Seizure operation on 29.07.2019 on a prominent group involved in Real Estate Development, covering more than 40 premises across Mumbai and Pune. During t
E-fling lite : A lighter version of efiling portal launch by IT dept
01 August 2019 at 11:42Income tax department is launching 'e-Filing Lite', a lighter version of e-Filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers. The same can be accessed by clicking 'e-Filing Lite' button in home page. The
Rs. 2,51,411 crore Tax Revenue received upto June 2019
01 August 2019 at 11:42Monthly Review of Accounts of Union Government of India upto the month of June 2019 for the Financial Year 2019-20.The Monthly Account of the Union Government of India upto the month of June 2019 has been consolidated and reports published.The highli
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