Income Tax News
IT Department conducts search operations in Haryana resulting in seizure of unaccounted cash of more than Rs 6.60 crore
18 January 2022 at 08:33The Income Tax Department had conducted a search and seizure operations on a diversified business group engaged in the manufacturing of plywood/plyboard, MDF board, inverter and vehicle batteries, and in the refining of lead on 11.01.2022.
DDMA includes Offices of CAs & IT Practitioners under Exempted Category
14 January 2022 at 08:37On the specific request of CBDT, the offices of Chartered Accountants & Income Tax Practitioners have been included in the Exempted Category as prescribed in DDMA's GRAP Order No. 460 dated 08.08.2021.
CBDT issues refunds to more than 1.59 crore taxpayers from 1st April 2021 to 10th January 2022
13 January 2022 at 11:46CBDT 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 extends the timeline for filing Income Tax Returns and various Reports of Audit for AY 2021-22
11 January 2022 at 17:41CBDT 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
08 January 2022 at 08:42ACAE Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports
IT Department conducted search operations largely in Uttar Pradesh and Maharashtra
06 January 2022 at 08:59The 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 to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January 2022
05 January 2022 at 15:12CBDT issues refunds of over Rs. 1,50,407 crore to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January, 2022
Xiaomi, Oppo Likely to Face Rs 1,000 Crore Fine for Income Tax Violation
03 January 2022 at 14:31Two 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.
Nearly 5.89 crore Income Tax Returns filed as on 31st December, 2021
01 January 2022 at 20:525.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021
Income Tax Department conducts pan-India searches in case of mobile manufacturing companies
31 December 2021 at 18:51The 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.
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