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Section 10(23FE) – CBDT notifies ‘INQ Holding LLC’ as sovereign wealth fund
vide Notification No. 95/2022-Income Tax | Dated: 16th August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 95/2022-Income Tax | Dated: 1...
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Income Tax Dept searches steel TMT Bars manufacturing group
Income Tax Department conducts searches in Maharashtra The Income Tax Department carried out a search operation on 03.08.2022 on two major groups engaged in the manufacturing of steel TMT Bars. The se...
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Income Tax Department searches Jhansi based Real Estate group
Income Tax Department conducts searches in Uttar Pradesh The Income Tax Department carried out a search operation on 03.08.2022 on a Jhansi based group, engaged in the business of civil contract and r...
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Office Order No.166 of 2022 [ Promotion to the grade of CIT]
No. A-32011/7/2021-Ad.VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, The 5th August, 2022. Office Order No. 166 of 2022 Conseque...
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Income-tax payer cannot Join Atal Pension Yojana wef 1st October 2022
Government notified that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join Atal Pension Yojana (APY). In case a subscriber, who joined on or afte...
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Books of accounts to be maintained by university, charitable/medical institutions
CBDT notifies Income tax rules 17AA. Books of account and other documents to be kept and maintained by institution or trust or any university or other educational institution or any hospital or other...
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Income Tax Department searches gems & jewellery group in Rajasthan
Income Tax Department conducts searches in Rajasthan The Income Tax Department carried out a search operation on 03.08.2022 on a Jaipur based group, engaged in the business of gems and jewellery, hosp...
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Income Tax Department conducts searches in Madhya Pradesh
The Income Tax Department carried out a search operation on 14.07.2022 on a group engaged in the business of mining, sugar manufacturing and liquor. The key person of the group is also occupying a pol...
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Various steps taken by Government to increase tax collection
Various measures taken by Government contribute to increase in tax collection Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government ha...
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Income Tax searches people related to film Industry in Tamil Nadu
Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operations on 02.08.2022 in the cases of certain producers, distributors, and financiers...
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CAG report on Income Tax Exemptions to Charitable Trusts & Institutions
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIANEW DELHI | 8th AUGUST, 2022PERFORMANCE AUDIT ON EXEMPTIONS TO CHARITABLE TRUSTS AND INSTITUTIONS TABLEDThe Comptroller & Auditor General of India...
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ITR & TAR not capture details of export & import by Gems & Jewellery sector: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIANEW DELHI | 8th AUGUST, 2022PERFORMANCE AUDIT ON ASSESSMENT OF ASSESSEES OF GEMS AND JEWELLERY SECTOR TABLEDThe Comptroller & Auditor General of I...
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SOP for Faceless Income Tax Assessment under Section 144B
Standard Operating Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU) under the Faceless Assessment provisions of Section 144B of the Income-tax...
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CBDT notifies Qatar Holding LLC as sovereign wealth fund U/s. 10(23FE)
CBDT notifies sovereign wealth fund, namely, Qatar Holding LLC vide Notification No. 93/2022-Income Tax | Dated: 5th August, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT...
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CBDT notifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased
CBDT specifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased ide Notification No. 92/2022-Income Tax | Dated: 5th August, 2022. Clause (...
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Amount received for Covid-19 Treatment from any person- CBDT notifies conditions & Forms
Clause (XII) of the first proviso of clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 provides that any sum of money received by an individual, from any person, in respect of an...
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Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment
CBDT specifies Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment vide Notification No. 90/2022-Income Tax, Dated: 05.08.2022 Ministry of Finance (Departmen...
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Income Tax searches an ex-fund manager in Mumbai
Income Tax Department conducts searches in Mumbai The Income Tax Department carried out a search and seizure operation on 28.07.2022 on an ex-fund manager and chief trader of equities of a prominent m...
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CBDT notifies ‘Bullion Depository Receipt with underlying bullion’ for section 47(viiab)(d)
of Income Tax Act, 1961 vide Notification No. 89/2022- Income Tax Dated: 3rd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi Notificatio...
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CBDT notifies Telangana State Pollution Control Board under Section 10(46)
of income Tax Act, 1961 vide Notification No. 88/2022-Income-Tax | Dated: 2nd August, 2022. MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 88/2022...