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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 08:33

The 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. 

Posted in Income Tax |   4770 Views


DDMA includes Offices of CAs & IT Practitioners under Exempted Category

   14 January 2022 at 08:37

On 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.

Posted in Income Tax |   9396 Views


CBDT issues refunds to more than 1.59 crore taxpayers from 1st April 2021 to 10th January 2022

   13 January 2022 at 11:46

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.

Posted in Income Tax |   1293 Views


CBDT extends the timeline for filing Income Tax Returns and various Reports of Audit for AY 2021-22

   11 January 2022 at 17:41

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.

Posted in Income Tax  15 comments |   62718 Views


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 |   10926 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 |   4494 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 |   1416 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 |   10506 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 |   2388 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 |   7785 Views