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.
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.
ACAE Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports
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...
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
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.
5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021
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.
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.
The Central Board of Direct Taxes has notified the Income-tax (35th Amendment) Rules, 2021 to make amendments to the Income-tax Rules,1962.
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