Income Tax News

CBDT issues refunds to more than 1.59 crore taxpayers from 1st April 2021 to 10th January 2022

13 January 2022 at 11:46

CBDT issues refunds of over Rs. 1,54,302 crore to more than 1.59 crore taxpayers from 1st Apr, 2021 to 10th January, 2022.

Posted in Income Tax | 1338 Views

CBDT extends the timeline for filing Income Tax Returns and various Reports of Audit for AY 2021-22

11 January 2022 at 17:41

CBDT has extended the timeline for filing of Income Tax Returns and various Reports of Audit for AY 2021-22. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and difficulties faced by taxpayers and professionals.

Posted in Income Tax | 15 comments | 62985 Views

ACAE | Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports

08 January 2022 at 08:42

ACAE Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports

Posted in Income Tax | 11040 Views

IT Department conducted search operations largely in Uttar Pradesh and Maharashtra

06 January 2022 at 08:59

The Income Tax Department carried out search and seizure operation on 31.12.2021 on two groups engaged in the business of perfume manufacturing and real estate...

Posted in Income Tax | 4563 Views

CBDT issues refunds to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January 2022

05 January 2022 at 15:12

CBDT issues refunds of over Rs. 1,50,407 crore to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January, 2022

Posted in Income Tax | 1455 Views

Xiaomi, Oppo Likely to Face Rs 1,000 Crore Fine for Income Tax Violation

03 January 2022 at 14:31

Two 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.

Posted in Income Tax | 10530 Views

Nearly 5.89 crore Income Tax Returns filed as on 31st December, 2021

01 January 2022 at 20:52

5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021

Posted in Income Tax | 2403 Views

Income Tax Department conducts pan-India searches in case of mobile manufacturing companies

31 December 2021 at 18:51

The 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.

Posted in Income Tax | 7803 Views

CBDT to set up a National Faceless Appeal Centre to facilitate the conduct of e-appeal proceedings

31 December 2021 at 18:48

The 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.

Posted in Income Tax | 2157 Views

CBDT inserts New Rule 16DD - Form of Particulars to be Furnished along with Return of Income for Claiming Deduction

31 December 2021 at 18:47

The Central Board of Direct Taxes has notified the Income-tax (35th Amendment) Rules, 2021 to make amendments to the Income-tax Rules,1962.

Posted in Income Tax | 11514 Views