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CBDT extends due dates of ITR & various Audit reports for AY 2021-22
CBDt has vide press release and Circular No. 17/2021 dated 09th September 2021 extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22. Full text of...
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CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment
vide press release and notification No. Notification No. 105/2021-Income Tax Dated 10.09.2021. Ministry of Finance CBDT issues clarification regarding carry forward of losses in case of change in shar...
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I-T Dept searches 3 Commission agent groups based in Punjab
Ministry of Finance Income Tax Department conducts searches in Punjab and Haryana Posted On: 10 SEP 2021 The Income Tax Department conducted search and seizure operations on 08.09.2021 on three promin...
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Income Tax Dept searches prominent business houses of Gujarat
Ministry of Finance Income Tax Department conducts searches in Ahmedabad Posted On: 10 SEP 2021 The Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in A...
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CORRIGENDUM to Notification No. 101/2021-Income Tax
[G.S.R. 616(E)] Dated: 6th September, 2021 related to removal of Requirement of using DSC for efiling of submissions in e-proceedings. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIR...
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ITR filing increased to 3.2 lakh daily in September, 2021
e-Filing portal of the Income Tax Department – updates The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June, 2021. Taxpayers and professionals have reported...
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Govt appoints Shri G. S. Pannu as President of ITAT
Central Government appoints Shri G. S. Pannu, Vice-President of Income Tax Appellate Tribunal (ITAT), as President of the Tribunal in officiating capacity with effect from the forenoon of 6th Septembe...
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Faceless Assessment: Deemed authentication of electronic record – CBDT notifies rule
CBDT notifies Income Tax 14C related to Prescribed manner of authentication of an electronic record under electronic verification code under sub-clause (b) of clause (i) of sub-section (7) of section...
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CBDT specifies scope/cases to be done under Faceless Assessment
CBDT hereby directs that in addition to the cases in the Central Charges and International Taxation Charges, cases where pendency could not be created on ITBA because of technical reasons or cases not...
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CBDT notifies one more exception to Faceless Assessment Scheme
Order No. F No. 187/3/2020-ITA-I | Dated: 6th September, 2021 CBDT notifies that Assessment Orders in cases where pendency could not be created on ITBA because of technical reasons or cases not having...
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Section 10(46) exemption to ‘RERA, Panchkula’
Vide Notification No. 100/2021-Income Tax | Dated: 2nd September, 2021 CBDT notifies Tax Exemption under section 10(46) to Haryana Real Estate Regulatory Authority, Panchkula in respect of the specifi...
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CBDT notifies new Rule 26D, amends Rule 31 & 31A & 6 Forms
CBDT notifies new Rule 26D.Furnishing of declaration and evidence of claims by specified senior citizen under section 194P, Amended Rule 31 & 31A, Amended Form no. 12BBA, FORM NO. 16, FORM NO. 24Q, Fo...
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CBDT notifies meaning of specified Bank for Section 194P
For the purpose of Section 194P CBDT notifies specified Bank to mean a banking company which is a scheduled bank and has been appointed as agents of Reserve Bank of India under section 45 of the Reser...
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Board of Income Tax Advance Rulings Comes Into Effect From 1-9-2021
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 97/2021-Income Tax New Delhi, the 1st September, 2021 S.O. 3562(E).—In exercise of the powers conferred by...
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CBDT constitutes Boards for Advance Rulings at Delhi & Mumbai
Central Government hereby constitutes the Boards for Advance Rulings at Delhi and Mumbai for the purposes of giving advance rulings under Chapter XIX-B of Income Tax Act on or after the 1st day of Sep...
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ICAI President’s Message For September 2021
A few days back, the 75th Independence Day was celebrated across the nation with much ardour and pride. The Indian economy that was largely agrarian earlier can now boast of being the sixth-largest in...
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Rule 9D Calculation of taxable interest relating to PF contribution
CBDT notifies RULE 9D. Calculation of taxable interest relating to contribution in a provident fund or recognised provided fund, exceeding specified limit vide Notification No. 95/2021-Income Tax Date...
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Extension of dates under Direct Tax Vivad se Vishwas Act
Vide Notification No. 94/2021-Income Tax Dated: 31st August, 2021 CBDT under Direct Tax Vivad se Vishwas Act, 2020 extended the last date of payment of the amount (without any additional amount) to 30...
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RTI reveals CPC not maintains Statistical data of refunds, Grievances & ITR Processing
Smt. Julie has made an RTI to CPC of Income Tax Department and requested details of The number of pending refunds exceeding 90 lakhs, How much ITR not yet processed, How much time it will take to proc...
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I-T searches in Maharashtra & Goa reveals Fake ITC & Bogus Purchases
Ministry of Finance Posted On: 28 AUG 2021 2:10PM by PIB Delhi The Income Tax Department carried out a search and seizure operation on 25.08.2021 on a group based in Maharashtra and Goa. The group is...