Income Tax News
Xiaomi, Oppo Likely to Face Rs 1,000 Crore Fine for Income Tax Violation
03 January 2022 at 14:31Two of the most popular smartphone manufacturing Companies Xiaomi and Oppo, are likely to face a fine of Rs 1000 crore for not complying with the regulatory mandate prescribed under the Income Tax Act.
Nearly 5.89 crore Income Tax Returns filed as on 31st December, 2021
01 January 2022 at 20:525.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021
Income Tax Department conducts pan-India searches in case of mobile manufacturing companies
31 December 2021 at 18:51The Income Tax Department carried out search and seizure operations pan-India on 21.12.2021 in the case of certain foreign controlled Mobile Communication & Mobile Hand-set Manufacturing Companies and their associated persons.
CBDT to set up a National Faceless Appeal Centre to facilitate the conduct of e-appeal proceedings
31 December 2021 at 18:48The Central Board of Direct Taxes has notified the Faceless Appeal Scheme, 2021 via Notification No. 139/2021 - Income Tax on 28th December 2021.th December 2021.
CBDT inserts New Rule 16DD - Form of Particulars to be Furnished along with Return of Income for Claiming Deduction
31 December 2021 at 18:47The Central Board of Direct Taxes has notified the Income-tax (35th Amendment) Rules, 2021 to make amendments to the Income-tax Rules,1962.
No extension in the due date for ITR Filing: Revenue Secretary
31 December 2021 at 16:36There will not be any extension in Due Dates for filing IT Return as said by Mr. Tarun Bajaj, Revenue Secretary in the Press Conference.
Request for Extension in Filing of Income Tax Returns by District Taxation Bar Association (Direct Taxes) Ludhiana
30 December 2021 at 13:52Memorandum for extension of time for filing income tax returns in the light of the issues and problems being faced by the Members & the Assessees
CBDT provides one-time relaxation for verification of e-filed ITRs for AY 2020-21
29 December 2021 at 08:40One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2020-21 which are pending for verification and processing of such returns
More than 15.49 lakh ITRs filed in a single day as the due date of 31st Dec 2021 approaches
28 December 2021 at 20:43Over 4.67 crore Income Tax Returns(ITRs) have been filed on the new e-filing portal of the Income Tax Department as on 27th December, 2021.
CBDT issues refunds to more than 1.45 crore taxpayers from 1st April to 27th December, 2021
28 December 2021 at 15:25CBDT issues refunds of over Rs. 1,49,297 crore to more than 1.45 crore taxpayers from 1st April, 2021 to 27th December, 2021.
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