Income Tax

Background ♦ To promote transparency and simplifying the tax return filing process, CBDT has amended Form 26AS (vide Notification dated May 28, 2020) ♦ The new Form 26AS is an Annual Information State...

Directorate of Income Tax (Systems) Annual Information Statement (AIS) User Guide – AIS Portal Version 1.0 (October 2021) 1 About this Document 1.1 Purpose The purpose of this document is to provide a...

User can view Annual Information Statement (all parts and information) by importing the downloaded (AIS) – JSON file and can prepare the feedback through AIS Utility as well in offline mode. The purpo...

The Income Tax Department carried out search and seizure operations on 09.11.2021 in the case of a Fintech company providing instant short term personal loan through Mobile App. The searches were cond...

This article answer FAQs on Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Accessing AIS on Portal, Viewing Annual Information Statement (AIS) through Portal, Downloading AIS...

The Income Tax Department carried out search and seizure operations on 10.11.2021 on three different groups at 30 different premises in Visakhapatnam, Hyderabad, Vizianagaram and Srikakulam. These gro...

Income Tax Department conducts searches in Pune The Income Tax Department carried out a search and seizure operation on 11.11.2021 on a group at Pune which is engaged in manufacturing of heavy machine...

Income Tax Department conducts searches in Gurugram The Income Tax Department carried out search and seizure operations on 10.11.2021 on two groups, one engaged in real estate and hospitality and the...

Notification No. 06 of 2021 – Granting of Non-Functional Up-Gradation (NFU) In The Higher Administrative Grade (HAG) to 66 officers of the Indian Revenue Service. Government of India Ministry of Finan...

The Income Tax Department carried out search and seizure operations on 10.11.2021 on two groups, one engaged in real estate and hospitality and the other, a tools and equipment manufacturing group at...

A Taxpayers’ Lounge has been set up by the Income Tax Department in India International Trade Fair, 2021 at Pragati Maidan, New Delhi from 14th – 27th November 2021, for fostering awareness about vari...

Commerce Minister invites South Korea to invest in Defence and RetailPlan to manufacture 5 billion vaccines next year: Shri Piyush GoyalIndia will witness one of the fastest growth rates across the wo...

Vide Notification No. 131/2021- Income Tax, Dated: 10.11.2021 CBDT notifies Tax Exemption to ‘Assam Building and Other Construction Workers Welfare Board’ in respect of the specified income under sect...

Office Order No. 306 of 2021 – Promotion of officers on regular basis in the grade of Joint Commissioner of Income Tax (JCIT) F. No.A-32012/1/2021-Ad.VI Government of India Ministry of Finance Departm...

Office Order No. 304 of 2021 – Promotion of officers to the grade of Commissioner of Income Tax (CIT) on in-situ basis F. No. A-32011/2/2021-Ad.VI Government of India Ministry of Finance Department of...

All about Annual Information Statement (AIS) Directorate of Income Tax (Systems) has released Handbook on Annual Information Statement (AIS). This will explain How the new Form 26AS (Annual Informatio...

CBDT notifies pension fund, namely, ‘School Employees Retirement System of Ohio’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in...

CBDT approves ‘Pimpri Chinchwad Education Trust’, Pune under the category ‘University, College or Other Institution’ for Scientific Research for section 35(1)(ii) of Income-tax Act, 1961 read with rul...

Central Government Notifies Tolerance Band for Assessment Year 2021-22 in case of wholesale trading and others vide Notification No. 124/2021- Income Tax Dated: 29th October, 2021. MINISTRY OF FINANCE...

vide Notification No. 129/2021-Income Tax Dated: 1st November, 2021. ‘E Settlement Scheme, 2021’ shall be applicable to pending applications in respect of which the applicant has not exercised the opt...