Income Tax News
IT Department conducts searches on big firms in Rajasthan & Maharashtra
12 August 2022 at 08:38IT Department conducts searches in Rajasthan & Maharashtra
CBDT enabled e-filing of ITR-U for AY 2020-21 and AY 2021-22 using Excel utility for ITR 7
11 August 2022 at 16:48E-filing of Updated ITR u/s 139(8A) has also been enabled for ITR 7 for AY 2020-21 and AY 2021-22 using Excel utility.
Income tax payers cannot join Atal Pension Yojana scheme from 1st Oct
11 August 2022 at 11:39In the changed Atal Pension Yojana rules, an income tax payer will not be eligible to open Atal Pension Yojana account from 1st October 2022.
IT Dept conducts searches in Madhya Pradesh & Mumbai seizing a large number of incriminating documentary and digital evidences
11 August 2022 at 08:25The Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor.
Banks approach CBDT seeking clarity on new TDS norm
09 August 2022 at 15:40Banks have approached the Central Board of Direct Taxes (CBDT) for clarity on the scope of Section 194R of the Income Tax Act, as they fear the newly introduced provision will force them to deduct a 10% tax at source on incentives
Various measures taken by Govt. contributed to increase in tax collection
09 August 2022 at 08:43Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government have contributed to increase in tax collection.
CBDT issues conditions, forms to get IT exemption on COVID-19 help money
08 August 2022 at 08:45Conditions, forms to get IT exemption on Covid 19 help money
CBDT notifies condition for claiming tax exemption for receiving ex-gratia amount due to COVID-19
08 August 2022 at 08:45Condition for claiming tax exemption for receiving ex-gratia amount due to COVID-19
IRS officer Rakesh Kumar promoted as Commissioner of Income Tax
06 August 2022 at 08:43Rakesh Kumar an IRS officer of 2004 batch from Jammu has been promoted as Commissioner of Income Tax.
IT Department conducts raid in more than 25 premises
06 August 2022 at 08:43The Income Tax Department carried out a search and seizure operation on 28.07.2022 on an ex-fund manager and chief trader of equities of a prominent mutual fund house along with related sharebrokers, middlemen and entry operators.
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