Income Tax News

Central Government withdraws 5% TCS on tour package of NRIs visiting India

01 April 2022 at 08:53

Central Government relaxes provisions of TCS under section 206C(1G) of the Income-tax Act, 1961 in respect of non-resident individuals visiting India

Posted in Income Tax | 4569 Views

CBDT amends Income-tax Rules, 1962 for prescribing fees u/s 234H of IT Act, 1961

31 March 2022 at 09:05

Amendment to the provisions of Income-tax Rules, 1962 for prescribing fees under section 234H of the Income-tax Act, 1961

Posted in Income Tax | 7017 Views

CBDT notifies Faceless Jurisdiction of Income Tax Authorities Scheme, 2022

31 March 2022 at 09:05

Faceless Jurisdiction of Income Tax Authorities Scheme, 2022

Posted in Income Tax | 4734 Views

CBDT notifies e-Assessment of Income Escaping Assessment Scheme, 2022

31 March 2022 at 09:05

e-Assessment of Income Escaping Assessment Scheme, 2022

Posted in Income Tax | 4938 Views

IT Department conducts searches on a popular chain of educational institutes in Maharashtra

25 March 2022 at 08:36

The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several schools and colleges at multiple locations in India and abroad.

Posted in Income Tax | 1 comments | 6816 Views

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 | 4536 Views