Income Tax Department conducts search operations in Maharashtra, Gujarat and Delhi on certain Indian companies and their associate concerns, controlled by a neighbouring country
Guidelines under sub-section (4) of section 194-0, sub-section (3) of section 194Q and sub-section (1-1) of section 206C of the Income-tax Act, 1961
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.
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.
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
The Income Tax Department carried out search and seizure operations on a leading Gutkha distributor of Gujarat on 16.11.2021.
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
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
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.
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.
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