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Income Tax Dept searches Automobile Manufacturing Group
Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights and Real Estate Groups The Income Tax Department conducted a search and seiz...
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Non linking of PAN with Aadhaar | Rule 114AAA | Inoperative PAN – Clarification
F.No.370142/14/2022-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Circular No. 7 of 2022 | Dated 30th of March, 2022 Sub.: Clarification wi...
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Faceless Inquiry or Valuation Scheme, 2022
CBDT notifies Faceless Inquiry or Valuation Scheme, 2022 vide Notification No. 19/2022-Income Tax Dated: 30th March, 2022 and it specifies that (a) issuing notice under sub-section (1) of section 142...
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e-Assessment of Income Escaping Assessment Scheme, 2022
MINISTRY OF FINANCE (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 29th March, 2022 Notification No. 18/2022-Income Tax S.O. 1466(E).—In exercise of the powers conferred by sub-sections (1) and (2) of...
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CBDT notifies Late fees for Delayed/Non linking of PAN with Aadhaar
vide Notification No. 17/2022-Income Tax Dated 29th March, 2022 which ranges from Rs. 500 to Rs. 1000. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 29th M...
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CBDT extends timelines under TOLA
CBDT extends time line under Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TOLA) vide Notification No. 16/2022 Income Tax, [S.O. 1440(E)] dated: 28th March, 2022...
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Faceless Jurisdiction of Income-tax Authorities Scheme, 2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 28th March, 2022 Notification No. 15/2022-Income Tax S.O. 1400(E).—In exercise of the powers conferred by sub...
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CBDT prescribes fees for not linking PAN with Aadhaar
Taxpayers who have not linked their PAN with Aadhaar will be required to pay a fee of Rs. 500 up to three months from 1st April, 2022 and a fee of Rs.1000 after that, while intimating their Aadhaar. G...
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Indiscriminate notices by Income Tax Department without allowing reasonable time
National Chamber of Industries & Commerce, U.P has made a representation against Indiscriminate notices by the Income Tax Department without allowing reasonable time. They submitted that in the last f...
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Govt not intends to withdraw TDS under section 194N
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 3912 TO BE ANSWERED ON MONDAY, MARCH 28, 2022/CHAITRA 7, 1944 (SAKA) TAX UNDER SECTION 194N OF INCOME TAX...
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Raj HC issued notice on constitutional validity of Section 194N
Abhay Singla Vs Union of India (Rajasthan High Court) The Rajasthan High Court, Jaipur in the matter of, Abhay Singla v. Union of India, has recently issued notice in a public interest litigation chal...
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CPC processed 5.17 crore ITRs out of 6.01 crore verified ITRs
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2809 TO BE ANSWERED ON MONDAY, MARCH 21, 2022/PHALGUNA 30, 1943 (SAKA) TECHNICAL ISSUES IN INCOME TAX E-F...
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Govt Maintains no data related to TDS on Interest on Road Accident Claim
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2867 ANSWERED ON MONDAY THE 21ST MARCH, 2022 TDS from Road Accident Claim 2867. SHRI ASADUDDIN OWAISI: Wi...
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IMB certification is not a prerequisite to avoid angel tax
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2871 ANSWERED ON 21ST MARCH, 2022 “Tax Exemptions to Startups” 2871 SHRI L.S. TEJASVI SURYA MS. LOCKET CH...
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Import Duty on Edible Oil
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.2941 TO BE ANSWERED ON MONDAY THE 21ST MARCH, 2022 PHALGUNA 30, 1943 (SAKA) IMPORT DUTY ON EDIBLE OIL 2941...
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CBI Arrests A DCIT And An Auditor In A Bribery of Rs. 50,000/-
The Central Bureau of Investigation has arrested a Deputy Commissioner of Income Tax, Coimbatore (Tamil Nadu) and an Auditor (a Private person) for demanding & accepting bribe of Rs.50,000/- from the...
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Government proposes 39 amendments to Finance Bill, 2022
Union Finance Minister Government has proposes 39 amendments to Finance Bill, 2022 Smt. Nirmala Sitharaman has proposed 39 amendments to Finance Bill, 2022 vide a Notice of Amendments dated 23.03.2022...
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Violation of faceless assessment procedure by IT officials
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 2127 ANSWERED ON TUESDAY, THE 22ND MARCH, 2022 VIOLATION OF FACELESS ASSESSMENT PROCEDURE BY IT OFFICIA...
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Rationalisation of Income Tax Slabs
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 1524 TO BE ANSWERED ON TUESDAY, MARCH 15, 2022/ PHALGUNA 24, 1943 (SAKA) RATIONALISATION OF INCOME TAX...
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Income Tax Dept searches popular chain of educational institutes
Income Tax Department conducts searches in Maharashtra The Income Tax Department carried out a search and seizure operation on 14.03.2022 on a popular chain of educational institutes, running several...