Income Tax

We are group of few CAs who were involved in a limited manner when new ITD Portal was launched on June 7,2021. We have regularly provided our feedback to the best of our ability and understanding abou...

3.59 crore Income Tax Returns filed on the new e-filing portal of the Income Tax Department Senior officials of Ministry of Finance headed by Secretary, Revenue had a meeting with the Infosys team hea...

Gujarat Chamber of Commerce & Industry has made a request for Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22) to Smt. Nirmala Sitharaman, Hon...

Income Tax Department conducts searches in Mumbai The Income Tax Department carried out search and seizure operations on 08.12.2021 on four Asset Reconstruction Companies (ARCs). Total of 60 premises...

Income Tax Department conducts searches in Karnataka The Income Tax Department carried out search and seizure operations on 02.12.2021 on four Bangalore based Credit Cooperative Societies (CCS) and th...

National Chamber of Industries & Commerce, U.P. has made a representation to Hon’ble Union Minister for Finance and made 27 Suggestion related to Union Budget 2022. Suggestion includes request for Rat...

National Chamber of Industries & Commerce, U.P. has made a representation on Problems On Income Tax Portal , Faceless Assessment & Appeals to Hon’ble Chief Commissioner of Income Tax,(OSD) Agra. They...

Maharashtra Tax Practitioners’ Association has made an Appeal for extension of due date for furnishing of Income-tax returns, Tax audit reports etc. & also represented on Issues faced by us after laun...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 13th December, 2021 Notification No. 137/2021 – (INCOME-TAX) S.O. 5187(E).—In exercise of the powers conferre...

ITBA – Give Effect on Assessment – Instruction No.1 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2 Jhandewalan Extension, 110055, New Delhi — 110055 F. No. DGIT(S)/ITBA/Instructions...

DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph – 033-22420638 URGENT Ref. No. DTPA/Rep/21-22/004 13thDecember 2021 Smt. Nirmala Sitha...

Sales Tax Bar Association (Regd.) Office: 2nd Floor, Department of Trade & Taxes, Vyapar Bhawan, lndraprashtha Estate, New Delhi-110002 STBA/2021/52 | December 10, 2021 Hon’ble Ninnala Sitharaman Jee,...

CBDT notifies Rule 21AK. Conditions for the purpose of clause (4E) of section 10 vide Notification No. 136/2021 – INCOME-TAX | Dated: 10th December, 2021. MINISTRY OF FINANCE (Department of Revenue) (...

Income Tax Department conducts search operations in Gujarat The Income Tax Department initiated search and seizure operation on 03.12.2021 on a prominent group of Surat, engaged in the business of con...

Income Tax Department conducts search operations in West Bengal The Income Tax Department initiated search operation in the case of two major manufacturers and suppliers of refined lead, lead alloys a...

CBDT notifies Protocol amending DTAA with Kyrgyz Republic MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 8th December, 2021 Notification No. 135/2021-Income Tax S.O. 5094(E).—...

CBDT notifies vide Notification No. 134/2021- Income Tax, Dated: 06.12.2021 that Jeevan Akshay-VII Plan of the Life Insurance Corporation of India qualifies for deduction under section 80C of Income T...

of Income Tax Department; Taxpayers who are yet to file their ITRs for AY 2021-22 advised to file at the earliest More than 3 crore Income Tax Returns have now been filed on the new e-Filing portal of...

A new section 194P inserted in Income-tax Act, 1961 provides that senior citizens above 75 years, having only pension & interest income from accounts maintained with bank in which they receive pension...

Undisclosed credits of Rs. 20,353 crore detected with respect to 930 India linked entities in Panama and Paradise Paper Leaks As on 01.10.2021, total undisclosed credits amounting to Rs. 20,353 crore...