| CBDT Press Releases (Year/ Date/ Description) |
| 2022 |
CBDT Press Release dt. 27/10/2022: Extension of due date for filing of TDS Return/ Statement in Form 26Q for the second quarter of Financial Year 2022-23 from 31/10/2022 to 30/11/2022.Read More…
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| CBDT Press Release dt. 26/10/2022: Extension of due date for furnishing return of income (ITR) from 31/10/2022 to 07/11/2022 for the Assessment Year (AY) 2022-23. Read More… |
CBDT Press Release dt. 24/08/2022: IT search and seizure operation conducted on 09/08/2022 on a business group of Gujarat engaged in manufacturing and trading of ceramic tiles, at 36 premises, spread across Rajkot, Morbi, Ahmedabad, Raipur, Guwahati, Gurgaon, and Kolkata, has revealed large scale tax evasion by unaccounted cash sales, under invoicing of sales, booking of bogus purchases, layering of unaccounted sums through bogus unsecured loans from related parties and share capital from Kolkata-based shell companies, etc. Search action resulted in unearthing of unaccounted transactions exceeding Rs. 300 crore including cash loans of more than Rs. 100 crore.
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CBDT Press Release dt. 31/03/2022: Provisions of TCS u/s 206C(1G) in respect of non-resident individuals visiting India relaxed, i.e. domestic tour operators need not collect tax on sale of overseas tour package to non-resident individuals visiting India. Also refer Notification 20/2022 on the subject.
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CBDT Press Release dt. 31/03/2022: CBDT has informed that 62 Advance Pricing Agreements (APA) have been entered during FY 2021-22 with Indian taxpayers, which includes 13 Bilateral APAs (consequent to Mutual Agreement between India and its treaty partners) and 49 Unilateral APAs. So far CBDT has entered into 421 APAs since inception of the APA program to promote a non-adversarial tax regime.
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CBDT Press Release dt. 30/03/2022: Amendment to the provisions of Income-tax Rules, 1962 for prescribing fees/ penalty u/s 234H of the Income-tax Act, 1961 for delayed linking of PAN with Aadhaar. Read More…
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CBDT Press Release dt. 07/02/2022: CBDT releases update on status of ITR filing on new e-filing portal, i.e. around 6.17 crore Income Tax Returns (ITRs) and 19 lakh major Tax Audit Reports (TARs) have been filed as on 06/02/2022. Further, taxpayers and Chartered Accountants have been not to wait till the due date/ deadline and file their their TARs/ ITRs without any further delay to avoid last peak time hurdles.
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| CBDT Press Release dt. 17/01/2022: Income Tax Department conducts search and seizure operations on 11/01/2022 on more than 30 premises of a Haryana based diversified business group engaged in the manufacturing of plywood/ plyboard, MDF board, inverter, vehicle batteries and in the refining of lead. on 11.01.2022. Preliminary findings include mainly the detection of parallel set of books of account for recording about 40% transactions in cash, i.e. unaccounted sale of about Rs.400 crore in last 3 years. |
CBDT Press Release dt. 11/01/2022: CBDT further extends 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
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| CBDT Press Release dt. 01/01/2022: CBDT releases update on status of ITR filing on new e-filing portal, i.e. 5.89 crore ITRs have been e-filed as on 31/12/2021, including 45.7% filed using the online ITR form on the portal and remaining uploaded using the offline utilities. |
| 2021 |
MoF, GOI Press Release dt. 07/12/2021: Income Tax Department conducts search operations in Gujarat.
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MoF, GOI Press Release dt. 07/12/2021: Income Tax Department conducts search operations in Tamil Nadu.
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CBDT Press Release dt. 02/10/2021: CBDT notifies final Rules ‘no retrospective taxation’, i.e. for implementing the amendments made by the Taxation Laws(Amendment) Act, 2021.
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CBDT Press Release dt. 17/09/2021: No TDS u/s 194A on Interest Payment to a member of Scheduled Tribe of Specified Areas u/s 10(26).
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CBDT Press Release dt. 17/09/2021: Government extends certain timelines to ease compliances.
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CBDT Press Release dt. 10/09/2021: Clarification on carry forward of losses in case of change in shareholding due to strategic disinvestment.
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CBDT Press Release dt. 09/09/2021: CBDT further extends ITR/ TAR/ TPR filing due dates, in respect of FY 2020-21/ AY 2021-22. Read More…
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MoF, GOI Press Release dt. 07/09/2021: CBDT allows taxpayers an opportunity to file application for settlement upto 30/09/2021. Read More…
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CBDT Press Release dt. 17/08/2021: IT Search on telecom trader in Delhi NCR.
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CBDT Press Release dt. 03/08/2021: CBDT further extends due dates for e-filing of various Forms under the Income-tax Act, 1961, in view of difficulties being faced/ reported by the taxpayers and other stakeholders. Read More…
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CBDT Press Release dt. 30/07/2021: IT search on 31 premises of Kanpur based Pan Masala manufacturer, leads to detection of unaccounted transactions exceeding Rs. 400 crore. The group was involved in unaccounted sale of Pan Masala and laundering back such proceeds using 115 shell companies. Search revealed loans and advances Rs 226 crore, Unaccounted loans and premia Rs. 110 crore, bogus sale and purchase of manure Rs. 80 crore, cash Rs. 52 lakh, 7 kg gold, etc.
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CBDT Press Release dt. 29/07/2021: IT search on Ranchi (Jharkhand) builder group reveals non-maintenance of regular books of account and tax evasion of Rs. 50 crores. In view thereof, the audit certificates and financial statements are under investigation for genuineness. Group is involved in huge outside the books transactions by way of cash receipts of a large portion of sale proceeds. Search detected cash of Rs. 25 crores brought back into business through bogus share capital and unsecured loans from 8 shell companies, etc.
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CBDT Press Release dt. 20/07/2021: Timeline for E-filing of Form 15CA/ 15CB further extended upto 15/08/2021. Read More…
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| CBDT Press Release dt. 13/07/2021: IT Dept. conducts a survey operation on two business premises of a leading manpower services provider in Bengaluru. Assessee has been involved in wrongful claims of deduction u/s 80JJAA and the Survey has led to detection of concealment of income to the tune of Rs. 880 crore spread over various assessment years. |
CBDT Press Release dt. 09/07/2021: IT Deptt. conducts search and seizure operations on a Hyderabad based group engaged in real estate, construction, waste management and infrastructure. The search operation led to detection of artificial loss of Rs. 1200 crore, incorrect claim of bad debts Rs. 288 crore, unaccounted income Rs. 300 crore, etc.
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CBDT Press Release dt. 05/07/2021: Timeline for E-filing of Form 15CA/ 15CB further extended upto 15/07/2021. Read More…
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CBDT Press Release dt. 25/06/2021: CBDT announces further relaxation/ extension in timelines of various compliance requirements and exemption for expenditure on COVID treatment/ ex-gratia receipts on death due to COVID, under Income Tax Act.
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CBDT Press Release dt. 24/06/2021: Income Tax Department gets input using Specific actionable intelligence and conducts search on 4 premises of a Raipur based Hawala dealer who was to carry out an outside-the-books cash transaction of a substantial amount. Input was found to be credible. The modus operandi involved not only giving accommodation entries of sale, purchase, etc. but also transportation and end-use facilitation of unaccounted money. During search, unaccounted cash Rs. 6 crore, a number of digital devices (computer hard, hard disc, pen drives, etc.) having details of hawala transactions have been seized. Preliminary estimates suggest that hawala transactions exceeding Rs. 100 crore may be involved.
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CBDT Press Release dt. 14/06/2021: Timeline for E-filing of Form 15CA/ 15CB extended upto 30/06/2021. Read More…
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CBDT Press Release dt. 05/06/2021: CBDT announces launching of new e-filing portal from 07/06/2021, except the new tax payment system which will be launched on 18/06/2021 after the advance tax instalment date to avoid any taxpayer inconvenience. Key features of the new e-filing portal inter-alia includes, taxpayer friendly portal integrated with immediate processing of returns to issue quick refunds, free ITR preparation software, interactive system to reply on questions of taxpayers for ITRs 1, 2 & 4 to begin with, detailed enablement of pre-filling, call center for taxpayer assistance for prompt response to queries, detailed FAQs/ User Manuals/ Videos, etc. and yet counting.
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CBDT Press Release dt. 20/05/2021: CBDT announces that e-filing services shall not be available to taxpayers and other stakeholders, during 01/06/2021 to 06/06/2021, as the IT Department is going to launch a new e-filing portal.
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| CBDT Press Release dt. 20/05/2021: Govt. extends various income tax compliance timelines, including for filing of ITR & TAR (FY 2020-21/ AY 2021-22). Read More… |
| CBDT Press Release dt. 03/02/2021: IT Searches of 3 leasing business houses in Assam resulted in detection of tax evasion in respect of Income above Rs. 200 crores. |
| CBDT Press Release dt. 01/02/2021: IT search of Kolkata Group resulted in detection of concealment of income amounting to Rs. 309 crore. |
| CBDT Press Release dt. 21/01/2021: IT search of Thane Builder reveals unaccounted transactions of Rs. 520.56 crore. |
| CBDT Press Release dt. 21/01/2021: IT Search/ Survey of 3 Jewellery/ Real Estate Groups in Jaipur reveals unaccounted transactions of Rs. 1400 crore. |
| CBDT Press Release dt. 15/01/2021: IT search/ survey in Kolkata, detects undisclosed income Rs. 450 crore/ unaccounted cash Rs.1.58 crore. |
| CBDT Press Release dt. 13/01/2021: Empanelment of Special Auditors by IT Deptt. Kerala u/s 142(2A) of the Income Tax Act, 1961. |
| CBDT Press Release dt. 12/01/2021: Income tax e-filing portal enables submission of e-complaints on Tax Evasion/ Benami Properties/ Foreign Undisclosed Assets. |
| CBDT Press Release dt. 12/01/2021: IT Search of Assam Doctors/ Hospitals revealed unexplained investment/ receipts/ expenses exceeding Rs. 100 crores. |
| CBDT Press Release dt. 12/01/2021: IT search of Hyderabad contractor revealed accommodation entries of more than Rs. 160 crore. |
| CBDT Press Release dt. 08/01/2021: IT search on Kolkata Group revealed various shell entities for bogus share capital/ unsecured loans and ‘out of the books’ cash transactions. |
| 2019 |
CBDT Press Release dt. 14/08/2019: CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN in Income Tax Notices w.e.f. 01/10/2019.
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CBDT Press Release dt. 24/05/2019: Amendment of Declaration Form 15H for allowing Section 87A rebate to Senior Citizens. Read More…
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| 2017 |
| CBDT Press Release dt. 31/07/2017: CBDT extends ITR filing Due Date from 31/07/2017 to 05/08/2017 in respect of AY 2017-18, in view of difficulties being faced by the taxpayers while e-filing the ITR. |
CBDT Press Release dt. 27/01/2017: Clarifications on GAAR provisions to be implemented from 01/04/2017. Read More…
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CBDT Press Release dt. 24/01/2017: Final Guidelines on POEM determination.
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| 2016 |
CBDT Press Release dt. 30/12/2016: Direct Tax Dispute Resolution Scheme (DTDRS) 2016 Extended up to 31/01/2017.
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CPC (TDS) Communication dt. 02/03/2016: Enablement of 26QB correction facility and role of TDS officers.
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| 2015 |
| CBDT Press Release dt. 15/12/2015 : Amendment of Rules regarding quoting of PAN for specified transactions. |