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Income Tax Department conducts searches in Visakhapatnam
Ministry of Finance Posted On: 27 AUG 2021 6:41PM by PIB Delhi The Income Tax Department carried out search and seizure operation on 25.08.2021 on a group based in Visakhapatnam at 17 different premis...
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Income Tax Department conducts searches in Rajkot
Ministry of Finance Posted On: 27 AUG 2021 6:42PM by PIB Delhi The Income Tax Department carried out a search and seizure operation on 24.08.2021 on a group based in Rajkot. The group is among Gujarat...
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Request for feedback-Minimising Regulatory Compliances in respect of Pharma Industry
Instruction no. 107 File No: K-43022/67/2020-SEZ-Part(1) Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division Udyog Bhavan, New Delhi Dated the 26th August, 2021 To,...
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Resolve glitches in Income Tax e-filing portal by 15th Sep 2021: FM to Infosys
Ministry of Finance Posted On: 23 AUG 2021 Finance Ministry meeting with Infosys on glitches in e-filing portal of Income Tax Department Union Minister for Finance & Corporate Affairs Smt. Nirmala Sit...
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MoF Summons Infosys CEO to explain Income Tax portal glitches
Ministry of Finance has summoned Sh Salil Parekh, MD & CEO, Infosys on 23/08/2021 to explain to hon’ble FM as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal h...
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75 transfer/postings in the grade of ACIT/DCIT
F.No. A.22013/1/2021-Ad.V1 (Part-I) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi -110 001 Dated: 18.08.2021 Office Order No. 209 o...
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Empanelment of 39 officers for promotion to CCIT grade
Immediate No.18/11/2021-E0(SM.II) Government of India Secretariat of the Appointments Committee of the Cabinet Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training No...
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222 transfer/postings of the officers in the grade of PCIT/PDIT
Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 17.08.2021 Office Order No. 206 of 2021 In supersession of all earl...
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Request for Rationalisation of Section 270AA Penalty Provisions
Karnataka State Chartered Accountants Association ® has made a representation to the Smt. Nirmala Sitaraman, Hon’ble Union Minister for Finance and Corporate Affairs and requested for Rationalisation...
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CBDT notifies new Income Tax Rule 12AA and Rule 51B
CBDT notifies Two new Income Tax Rules vide Notification No. 93/2021- Income Tax dated 18th August, 2021 i.e. Rule 12AA. Prescribed person for the purposes of clause (c) and clause (cd) of section 140...
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Income Tax Department conducts searches in NCR
The Income Tax Department conducted searches on 16.08.2021 on a company engaged in trading of telecom equipment and installation and servicing of these items for various telecom players in India. Sear...
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Faceless Assessment Scheme working towards efficient & transparent system: CII
Faceless Assessment Scheme is working towards ensuring a robust, efficient and transparent system – CII Survey On the completion of one year of the Faceless Assessment Scheme, CII conducted a survey t...
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Transfer/postings of 497 JCIT/Addl. CIT
F.No. A-22012/2/2021-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 12.08.2021 Office Order No. 203 of 2021...
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Taxation Laws (Amendment) Act, 2021
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 13th August, 2021/ Sravana 22, 1943 (Saka) The following Act of Parliament received the assent of the President on the 13th August,...
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Karnataka HC orders for appearance through Video Conferencing for summon issued
The Karnataka High Court in M/s Pellagic Food Ingredients Private Ltd. v. Union of India [Writ Petition No. 14737/2021[T-CUS] issued an Interim Order dated August 12, 2021] wherein it ordered the Pell...
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Key Features & Benefits of Taxation Laws (Amendment) Bill, 2021
Taxation Laws (Amendment) Bill, 2021 Key Features of Taxation Laws (Amendment) Bill, 2021 1. Provides that no tax demand shall be raised in the future based on the retrospective amendment made through...
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Rejection of Foreign Tax Credit For Delay/Non-filing of Form 67
Bombay Chartered Accountant’s Society has made a representation to CBDT Chairman and draw his attention towards the difficulties faced, in recent times, by resident taxpayers, in claiming Foreign Tax...
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Section 115BAC of Income-tax Act, 1961
New Income Tax Regime, Section – 115BAC, Income-tax Act, 1961 Tax on income of individuals and Hindu undivided family under new Income Tax Regime: Below is quoted the section 115BAC of Income Tax Act...
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Transactions monitored by Income tax department
There are few transactions which are tracked by the Income tax departments. I have just made a short snippet of it for the views to understand it without any technicality. 1. Cash deposit/withdrawal i...
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Key Features & Benefits of Taxation Laws (Amendment) Bill, 2021
Taxation Laws (Amendment) Bill, 2021 Key Features of Taxation Laws (Amendment) Bill, 2021 1. Provides that no tax demand shall be raised in the future based on the retrospective amendment made through...