Income Tax News

SC: Employers to deposit Employees Contribution of EPF/ESI to avail deductions u/s 36(1)(va) and 43B of IT Act

14 October 2022 at 08:44

The Supreme Court observed that employers have to deposit the employee's contribution towards EPF/ESI on or before the due date for availing deduction under Sections 36(1)(va) and 43B of the Income Tax Act, 1961.

Posted in Income Tax | 16542 Views

Delhi HC rules against tax on income from FDRs until ownership is proved

13 October 2022 at 08:38

The Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits till the ownership is determined by the arbitral tribunal.

Posted in Income Tax | 2 comments | 4836 Views

CBDT notifies Income-tax (Thirty-Third Amendment) Rules, 2022

11 October 2022 at 08:44

CBDT makes rules further to amend the Income-tax Rules, 1962

Posted in Income Tax | 8688 Views

Gross Direct Tax Collections grows 23.8% to Rs. 8.98 lakh crore

09 October 2022 at 12:20

Direct Tax collections up to 8th October, 2022 show that gross collections are at Rs. 8.98 lakh crore which is 23.8% higher than the gross collections for the corresponding period of last year.

Posted in Income Tax | 4029 Views

Ahmedabad: Income Tax officer booked for Rs 30 lakh bribe

06 October 2022 at 08:29

A complaint has been filed against a senior Income Tax (I-T) officer for allegedly seeking Rs 30 lakh as bribe from a city-based builder to settle a penalty amount.

Posted in Income Tax | 4431 Views

Form 3CEB offline utility is now available for filing on IT portal

05 October 2022 at 07:56

Income Tax portal dated 4th October 2022 notifies that Form 3CEB offline utility is now available for filing on portal.

Posted in Income Tax | 5433 Views

Updation of UDINs at e-filing Portal extended till 30th Nov 2022

05 October 2022 at 07:56

Time for updating UDINs for forms filed in the assessment year 2021-2022 is available till 30th November, 2022.

Posted in Income Tax | 19764 Views

CBDT extends due date for filing audit for AY 22-23 to 7th Oct

01 October 2022 at 06:25

CBDT has decided to extend the Due date for the A.Y 2022-23 which was 30th Sep 2022 till 7th Oct 2022

Posted in Income Tax | 1 comments | 13095 Views

Application for recomputation of income u/s 155 (18)

30 September 2022 at 08:49

In exercise of the powers conferred by section 295 read with sub-section (18) of section 155 of the Income-tax Act, 1961, CBDT makes rules further to amend the Income-tax Rules, 1962

Posted in Income Tax | 5679 Views