Income Tax News

CBDT issues refunds to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022

24 March 2022 at 12:31

CBDT issues refunds of over Rs. 1,93,720 crore to more than 2.26 crore taxpayers from 1st April 2021 to 20th March 2022.

Posted in Income Tax | 1 comments | 1491 Views

Assets worth Rs 19,111.20 crore of Vijay Mallya, Nirav Modi and Mehul Choksi seized

23 March 2022 at 08:57

Cases pertaining to Vijay Mallya, Nirav Modi and Mehul Choksi who have defrauded Public Sector banks by siphoning off the funds through their companies which resulted in total loss of Rs. 22,585.83 crore to the public sector banks.

Posted in Income Tax | 8865 Views

IT Department conducts searches in a prominent Real Estate Group of North India

22 March 2022 at 16:36

Income Tax Department conducts searches in a prominent Real Estate Group of North India

Posted in Income Tax | 3708 Views

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 | 4533 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 | 5895 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 | 4149 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 | 5778 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 | 2568 Views