Income Tax News


ACAE | Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports

   08 January 2022 at 08:42

ACAE Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports

Posted in Income Tax |   11142 Views


IT Department conducted search operations largely in Uttar Pradesh and Maharashtra

   06 January 2022 at 08:59

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...

Posted in Income Tax |   4665 Views


CBDT issues refunds to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January 2022

   05 January 2022 at 15:12

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

Posted in Income Tax |   1479 Views


Xiaomi, Oppo Likely to Face Rs 1,000 Crore Fine for Income Tax Violation

   03 January 2022 at 14:31

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.

Posted in Income Tax |   10620 Views


Nearly 5.89 crore Income Tax Returns filed as on 31st December, 2021

   01 January 2022 at 20:52

5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021

Posted in Income Tax |   2442 Views


Income Tax Department conducts pan-India searches in case of mobile manufacturing companies

   31 December 2021 at 18:51

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.

Posted in Income Tax |   7890 Views


CBDT inserts New Rule 16DD - Form of Particulars to be Furnished along with Return of Income for Claiming Deduction

   31 December 2021 at 18:47

The Central Board of Direct Taxes has notified the Income-tax (35th Amendment) Rules, 2021 to make amendments to the Income-tax Rules,1962.

Posted in Income Tax |   11559 Views


CBDT to set up a National Faceless Appeal Centre to facilitate the conduct of e-appeal proceedings

   31 December 2021 at 18:48

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.

Posted in Income Tax |   2223 Views


No extension in the due date for ITR Filing: Revenue Secretary

   31 December 2021 at 16:36

There will not be any extension in Due Dates for filing IT Return as said by Mr. Tarun Bajaj, Revenue Secretary in the Press Conference.

Posted in Income Tax |   5922 Views


Request for Extension in Filing of Income Tax Returns by District Taxation Bar Association (Direct Taxes) Ludhiana

   30 December 2021 at 13:52

Memorandum for extension of time for filing income tax returns in the light of the issues and problems being faced by the Members & the Assessees

Posted in Income Tax |   14163 Views



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