Income Tax News

IT Department conducts searches on a Pune & Thane based unicorn start-up group

21 March 2022 at 08:39

Income Tax Department conducted a Search & Seizure operation on a Pune & Thane based unicorn start-up group, primarily engaged in the business of wholesale and retail of construction material

Posted in Income Tax | 4461 Views

CBDT condones delay in filing of Form 10-IC for AY 2020-21

18 March 2022 at 07:50

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form 10-IC for Assessment Year 2020-21

Posted in Income Tax | 5850 Views

CBDT provides relaxation from the requirement of electronic filing of application in Form No.3CF

18 March 2022 at 07:50

Relaxation from the requirement of electronic filing of application in Form No.3CF for seeking approval under section 35(1)(ii)/(iia)/(iii) of the Income-tax Act,1961 (the Act)

Posted in Income Tax | 4107 Views

Net Direct Tax collections surge 48.4% at Rs 13.63 lakh crore for FY 2021-22

18 March 2022 at 07:50

The figures of Direct Tax collections for the Financial Year 2021-22, as on 16.03.2022 show that net collections are at Rs. 13,63,038.3 crore compared to Rs. 9,18,430.5 crore over the corresponding period of the preceding financial year i.e FY 2020-21

Posted in Income Tax | 2520 Views

Income Tax Department conducts search operation on a cable operator of Mumbai

18 March 2022 at 07:50

Income Tax Department carried out a search operation on 08.03.2022 on a cable operator of Mumbai, a State Govt employee and the businesses related to him

Posted in Income Tax | 5634 Views

CBDT releases circular related to TDS and Income Tax Deduction from Salaries during FY 2021-22

17 March 2022 at 08:47

Circular No. 4/2022: Deduction of Tax at Source - Income-tax Deduction from Salaries under section 192 of the Income-tax Act, 1961

Posted in Income Tax | 14124 Views

CBDT issues refunds to more than 2.24 crore taxpayers from 1st April 2021 to 15th March 2022

17 March 2022 at 08:43

CBDT issues refunds of over Rs. 1,92,119 crore to more than 2.24 crore taxpayers from 1st April 2021 to 15th March 2022.

Posted in Income Tax | 1476 Views

IT Department: Over 6.63 crore ITRs, 99.27 lakh statutory forms filed on new e-filing portal

17 March 2022 at 08:43

More than 6.63 crore Income Tax Returns (ITRs) and 99.27 lakh statutory forms filed on the new e-filing portal of the Income Tax Department

Posted in Income Tax | 2784 Views

IT Department enabled facility to file various IT forms on the e-filing portal

12 March 2022 at 08:41

The Income Tax Department issued an update regarding the facility to file IT forms 10AB, 10IG, 10IH and 5C after login under e-file -> Income Tax Forms -> File Income Tax Forms.

Posted in Income Tax | 5604 Views