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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...
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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...