Income Tax News
Faceless Appeal Scheme, 2021 – Income Tax
The faceless appeal scheme, 2021 was introduced by Notification No. 139 of 2021 Dt. 28.12.2021.
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Due date for filing Tax audit report u/s 44AB, Report required u/s 92E, 12A(1)(b) and Income tax return in such audit cases for AY 2021-22
1. In case of entity which needs to file transfer pricing report and tax audit, then due date of Tax...
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Income Tax Department conducts pan-India searches in case of mobile manufacturing companies
In case of another company covered in the search action, it has been detected that the control of the affairs...
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Income Tax website not working | We might see extension in the evening for Income tax return and Tax audit soon
Income tax website has stopped working as people are facing error while logging in to e-filing website and they are...
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One-time relaxation for verification of all income tax-returns e-filed for the A.Y. 2020-21 which are pending for verification and processing of such returns [Read circular]
As per rules, if you don't verify Income tax returns within 120 days of filing Income tax return in any...
Read moreIncome Tax Department conducts searches in Rajasthan
The trail of receipt of cash component on unaccounted sale of goods has also been found. In the case of...
Read moreIncome Tax Department conducts searches in Tamil Nadu
During the course of the search operations, a remotely located cloud server containing parallel set of books of account secretly...
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3.59 crore Income Tax Returns filed on the new e-filing portal of the Income Tax Department
Out of the 3.59 crore ITRs filed for AY 2021-22, 57.6% are ITR1 (2.07 crore), 8.3% is ITR2 (29.70 lakh),...
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Delhi high court quashes reassessment cases initiated under section 148 after 01.04.2021 in 1346 cases [Read order]
Keeping in view the aforesaid conclusions, Explanations A(a)(ii)/A(b) to the Notifications dated 31st March, 2021 and 27th April, 2021 are...
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Advance Tax collections for the F.Y. 2021-22 (Till 3rd Installment) stand at Rs. 4,59,917.10 which shows a growth of approximately 53.50%
Net Direct Tax collections for the F.Y. 2021-22 grown at robust pace at more than 60%
Read moreCBDT introduces a scheme for faceless collection of information under section 135A of the I.T. Act in relation to section 133, 133B, 133C, 134, 135
(1) The scope of the Scheme shall be in respect of: (i) calling for information under section 133 of the...
Read moreIncome Tax Department conducts searches in Mumbai
One of the ARCs was found to be maintaining a parallel set of accounts on Tally accounting software, in a...
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More than 3 crore Income Tax Returns filed on the new e-Filing portal of the Income Tax Department | Taxpayers are advised to file the return at the earliest if they still haven’t filed it
The number of ITRs filed per day is over 4 lakh and increasing everyday as the extended due date of...
Read moreDifferent Income tax rates for various sources of Income under Income Tax Act
Heads of income are mentioned in Section 14 of the Income Tax Act, 1961: A.—Salaries. B.—Income from house property. C.—Profits...
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Employee can claim TDS credit even if employer has not deposited TDS with the government: Gujarat High Court
Gujarat High Court in case of KARTIK VIJAYSINH SONAVANE V/s DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 8 held by order...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Taxation and Income tax return of Foreign Companies Earning Income from India under special rates
- Income Tax Department’s NUDGE Initiative 2025-26: A Clear Warning for Taxpayers to Ensure Accurate Reporting
- Notice from Income tax department e-verification cell for non-filing ITR. How to respond
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
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