Income Tax

The government introduced the Taxation Laws (Amendment) Bill, 2021, which seeks to withdraw tax demands made under the Finance Act, 2012 retrospective legislation to tax the indirect transfer of India...

The CBDT has notified vide Notification No. 90/2021 – Income Tax Dated : 9th August, 2021, a new set of rules to amend the existing Income-tax Rules, 1962 which shall come into force as on the date of...

The scheme ‘Vivad Se Vishwas’ is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme. This was stated...

In a move aimed to further improve taxpayer services in alignment with the Taxpayers’ Charter, the Income Tax Department creates dedicated e-mail ids for registering grievances in respect of pending c...

Taxation Laws (Amendment) Bill, 2021 is introduced in Lok Sabha on 05th August 2021. Bill is further to amend the Income-tax Act, 1961 and the Finance Act, 2012. The Bill proposes to amend the Income-...

Notification No. 89/2021-Income Tax | Dated 04.08.2021 Chief Justice of the High Court for the State of Telangana, hereby designates the Court of the Special Judge for Economic Offences-cum-VIII Addit...

Notification No. 87/2021-Income Tax | Dated 04.08.2021 – Chief Justice of the High Court of Gujarat, hereby designates the following Court mentioned in column (2) of the Table below as the Special Cou...

under the Income-tax Act, 1961 On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 r...

Central Government hereby specifies ‘ Ontario Inc.’, as the specified person for the purposes of sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of Income-tax Act, 19...

TAX ADVOCATES’ ASSOCIATION OF BENGAL’ has made a representation before Hon’ble Finance Minister on issues related to newly launched Income Tax Portal. Their representation is as follows: TAX ADVOCATES...

F.No. A-22011/5/2021-Ad-VI Government of India Ministry of Finance Department of Revenue (At Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 28.07.2021 Office Order No. 186 of 20...

CBDT has vide Notification No. 83/2021-Income Tax | Dated: 29th July, 2021 inserted rule 130 and Omitted various Income Tax rules and Forms. It further inserted Rule 131 which related to Electronic fu...

CBDT has last amended Rule 12 of Income Tax Rules related to ITR Filing vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and now it has once again amended rule 12 vide Notification No....

Representation to Mrs. Nirmala Sitharaman, Hon’ble Finance Minister,for issues assessee is facing in new Income Tax Portal Portal after a month since launch by Direct Taxes Professionals’ Association....

Representation for substitution of Prosecution provisions under the Income Tax Act by reasonable monetary penalty as done in case of the prosecutions under the Companies Act; increasing the monetary l...

Direct Taxes Professionals’ Association made a Representation for issues assessees are facing in Faceless Assessments / Penalties and Faceless Appeals to CBDT Chairman. Full text of their Representati...

Ministry of Finance Income Tax Department conducts searches in Kanpur Posted On: 30 JUL 2021 4:19PM by PIB Delhi The Income Tax Department carried out a search action on 29.07.2021 on a large group ba...

Income Tax Department carried out a search operation on 28.07.2021 on a prominent group in Jharkhand dealing in building construction and real estate. The search began on 28.07.2021 in Ranchi and Kolk...

N.A.F.A.C-1/58/2021-22/333 Date: 26-7-2021 National Faceless Assessment Centre, Delhi 2nd Floor, Jawaharlal Nehru Stadium, Delhi-110003 To, All Principal Chief Commissioners of Income-tax Sub:- Standa...

CBDT has last amended Rule 12 of Income Tax Rules related to ITR Filing vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and now it has once again amended rule 12 vide Notification No....