Income Tax News

IT Department conducts searches in Chhattisgarh

05 July 2022 at 08:43

Income Tax Department carried out search and seizure operations on 30.06.2022 on a group engaged in business of coal transportation and other allied activities...

Posted in Income Tax | 1401 Views

Infosys takes measures against irregular traffic causing glitches on e-filing portal

04 July 2022 at 08:40

As taxpayers face issues in accessing the e-filing portal, the Income Tax department on Saturday said software provider Infosys is taking "proactive measures" to deal with the 'irregular traffic' on the portal."It has been noti

Posted in Income Tax | 1 comments | 6162 Views

CBDT inserts Form 26QF for Quarterly statement of TDS u/s 194S for transfer of VDA

02 July 2022 at 08:50

Quarterly statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by an exchange

Posted in Income Tax | 5631 Views

Income Tax: 3 changes to be effective from 1st July 2022

01 July 2022 at 08:41

Here is a look at three important income tax related changes that will come into effect from July 1, 2022.

Posted in Income Tax | 15417 Views

CBDT specifies Abu Dhabi based Seventy Second Investment Company LLC for Sec 10(23FE) exemption

29 June 2022 at 08:49

CBDT specifies the sovereign wealth fund, namely, Seventy Second Investment Company LLC as the specified person for the purposes of the said clause in respect of the investment made by it in India

Posted in Income Tax | 4584 Views

TDS under Sec 194S for transactions other than those taking place on or through an Exchange

29 June 2022 at 08:49

Order under section 119 of the Income-tax Act, 1961 (the Act) in relation to tax deduction at source under section 194S of the Act for transactions other than those taking place on or through an Exchange

Posted in Income Tax | 5514 Views

CBDT enabled e-filing of ITR-U for AY 2020-21 and AY 2021-22

28 June 2022 at 17:07

E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22 using Excel utility for ITR 1 and 4.

Posted in Income Tax | 1 comments | 14205 Views

IRS officer Nitin Gupta appointed as new chairman of CBDT

28 June 2022 at 08:41

IRS officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.

Posted in Income Tax | 7902 Views

3 IT officials siphoned off crores through fictitious TDS refunds

27 June 2022 at 08:36

The Central Bureau of Investigation (CBI) has registered a case against three Income-Tax Department officials and nine beneficiaries for allegedly facilitating fraudulent refunds of Tax Deducted at Source (TDS).officials have been identif

Posted in Income Tax | 3 comments | 6582 Views