Tag: Income tax updates

Keeping in view the aforesaid conclusions, Explanations A(a)(ii)/A(b) to the Notifications dated 31st March, 2021 and 27th April, 2021 are ...

Net Direct Tax collections for the F.Y. 2021-22 grown at robust pace at more than 60%

(1) The scope of the Scheme shall be in respect of: (i) calling for information under section 133 of the ...

One of the ARCs was found to be maintaining a parallel set of accounts on Tally accounting software, in a ...

The number of ITRs filed per day is over 4 lakh and increasing everyday as the extended due date of ...

Heads of income are mentioned in Section 14 of the Income Tax Act, 1961: A.—Salaries. B.—Income from house property. C.—Profits ...

Gujarat High Court in case of KARTIK VIJAYSINH SONAVANE V/s DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 8 held by order ...

A preliminary analysis of these evidences indicates unaccounted cash receipt of on- money of more than Rs. 300 crore on sale ...

The Income Tax Department initiated search and seizure operations on a prominent business group, engaged primarily in the manufacturing of ...

Registering Digital signature on e-filing website is important and necessary especially in case of a company or LLP where digital ...

A preliminary analysis of these evidences reveals that many paper/shell companies are run by the group to provide accommodation entries ...

The Income Tax Department initiated search action on 24.11.2021 on a taxpayer in Delhi who has created a beneficiary trust and ...

In the past 1-2 years we have seen a lot of growth in the cryptocurrency market in India and people ...

Thus, based on the above judgement it can be said that the Rajasthan High court has fully followed the Allahbad ...

Documentary evidence found and seized from the search operation of the coaching group clearly shows suppression of cash receipts from ...