Category: Income 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 …
CBDT notifies the Income Tax (31st Amendment) Rules 2021, i.e. final Rules on ‘no retrospective taxation’ in line with the Amendments made by the Taxation Laws (Amendment) Act, 2021. …
CBDT has issued Order instructing Income Tax Officials to admit ‘settlement applications’ upto 30/09/2021 (filed after 31/01/2021) on behalf of the ‘Interim Board’ and treat such applications as valid …
CBDT has issued Order to Regularise the Income Tax Returns (ITRs) submitted/ verified using EVC instead of DSC as required under IT Rule 12, due to technical issues at …
CBDT notifies that no TDS u/s 194A is to be deducted by banks in respect of payment of interest of upto Rs. 20 lacs in a previous year, made …
CBDT has further extended certain timelines to ease compliances under the Income Tax Act, 1961, including for PAN-Aadhaar linking, completion of penalty proceedings, benami proceedings, etc. CBDT Press Release …
CBDT clarifies the issue of carry forward of losses of ‘erstwhile public sector company’ u/s 79 in case of change in shareholding due to ‘strategic disinvestment’, in view of …