Category: Income Tax

CBDT clarifies that any sum received including by way of bonus during the current previous year under any one or more eligible Unit Linked Insurance Policy (ULIPs) issued on …

CBDT has notified the ‘Securities Transaction Tax (1st Amendment), Rules, 2022‘ to insert new STT Rule 5A on ‘Person responsible for collection and payment of STT in the case …

CBDT has taken yet another initiative under the ‘faceless schemes’ and has notified the ‘e Advance Rulings Scheme 2022’, applicable w.e.f. 18/01/2022. Accordingly, CBDT has prescribed procedures for submission, …

CBDT has further extended the due dates for filing of Income Tax Return (ITR)/ Tax Audit Report (TAR)/ Transfer Pricing Report (TPR), in respect of FY 2020-21/ AY 2021-22. …

Income Tax Department provides one time opportunity to Taxpayers whose Income tax return has been filed but is pending for e-verification (using EVC/ OTP) or submission of ITR-V, in …

ICAI submits ‘Pre Budget Memorandum 2022 on Direct Taxes (including International Taxation)’ containing 243 suggestions to the Ministry of Finance, Govt. of India, for consideration in formulating the tax …

Income Tax Department has conducted raids/ search operations in Delhi and Gurugram on the business and residential premises of a Fintech company providing instant short term personal loans through …

Income Tax Department has conducted raids/ search operations on 25 premises/ in 7 Cities of a group engaged in heavy machinery manufacturing in Pune, which has led to detection …

Income Tax Department has conducted raids/ search operations on 30 premises at Visakhapatnam, Hyderabad, Vizianagaram and Srikakulam of three groups engaged in real estate, which has led to detection …

Income Tax Department has conducted raid/ search operations on two groups engaged in real estate/ hospitality and tools/ equipment manufacturing in Gurugram, which has led to detection of unaccounted …