Income Tax News


Extension of time to 16th Aug to the Task Force for drafting a New Direct Tax Legislation

   01 August 2019 at 11:42

A Task Force was constituted by the Government in November, 2017 to review the existing Income-tax Act, 1961 and to draft a new direct tax law in consonance with economic need s of the country. It was required to submit its report by 31st of July, 20

Posted in Income Tax |   2313 Views


Foreign Assets worth Rs. 200 crore found in IT search

   29 July 2019 at 11:26

Income Tax Department conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (Delhi, Haryana & Himachal Pradesh).The group, controlled by persons who have significant political presence in a neighbouring State for d

Posted in Income Tax |   8748 Views


FM asks Tax officers to deal firmly with Tax evaders

   25 July 2019 at 11:44

Finance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payersFinance Minister asks Tax officers to deal firmly with Tax evaders Income Tax Department celebrates Aaykar Diwas 2019The Union Minister of Financ

Posted in Income Tax |   6828 Views


3 people arrested in Gurugram for fraudulent ITC claim of Rs. 5.7 crores

   25 July 2019 at 11:44

CGST Commissionerate, Gurugram arrest Three persons for committing offences under CGST Act CGST Commissionerate, Gurugram, Haryana has arrested three persons namely, Sh. Sh. Anil Kumar, S/o Sh. Balwan Singh, R/o VPO Jevra, Tehsil Barwala, Dist.- Hisa

Posted in Income Tax |   2493 Views


Due date for ITR extended to 31st August 2019

   23 July 2019 at 19:42

Due date for ITR extended to 31st August 2019

Posted in Income Tax  32 comments |   48195 Views


ITR-2 and ITR-5 utilities modified to fix bugs

   23 July 2019 at 11:55

ITR-2 & ITR-5 utilities are modified to fix bugs identified while filling Schedule FA in ITR-2 (Java utility), Partners information is ITR-5 (Java utility) and Part A-General answer to Investment Fund query in ITR-5 (Excel utility). These bug fix

Posted in Income Tax |   7413 Views


Representation to include Cost Accountant as Accountant under IT Act

   22 July 2019 at 11:50

Modification of the term "Accountant" as appearing in the Explanation below sub-section (2) of section 288 of the Income Tax Act, 1961 to include the "Cost Accountant" thereinThe Institute of Cost Accountants of India (ICAI) is a

Posted in Income Tax  11 comments |   10245 Views


Scrip wise details of entering LTCG is optional in ITR says CBDT

   22 July 2019 at 11:50

Schedule 112A and 115AD(1)(iii) of long term capital gain are provided in the Income Tax Return software as per the Instructions to the Notified ITR form and based on taxpayer feedback.Taxpayers have an option to either enter the Scrip wise details o

Posted in Income Tax  1 comments |   2550 Views


CBDT clarifies no major changes have been introduced in the ITR-2 and ITR-3

   17 July 2019 at 12:31

CBDT issues clarification on incorrect reports in social media pertaining to difficulty in filing of Income Tax ReturnsCentral Board of Direct Taxes (CBDT) has said today that no changes have been made in any of the Income-tax Return (ITR) forms incl

Posted in Income Tax  10 comments |   21588 Views


Download Pre-filled XML available for ITR 1, 2, 3 and 4

   13 July 2019 at 11:32

Taxpayers are requested to note the followings in connection with pre-filling of ITRs-1. Pre-filling of ITR is only for the taxpayer's convenience. Taxpayers should verify the pre-filled data carefully and add any other taxable income which is no

Posted in Income Tax  1 comments |   9459 Views



Popular News




CCI Pro
Follow us