Taxpayers should check AIS quarterly, report discrepancies: Finance Ministry official The income tax department had in November last year rolled out a new Annual Information Statement (AIS) on its portal. 3 years agoNovember 7, 2022
CBDT mandates e-filing of certain forms, returns, statements – Check details With this move, it would be easier for taxpayers to file these forms with the tax authorities in the paperless… 3 years ago
Explained: What is Rule 132 under Income Tax and why is it important for taxpayers? What is Rule 132? Individuals with income from business or profession, who have claimed deduction of surcharge or cess in… 3 years agoOctober 30, 2022
ITR due date for businesses extended by 7 days Last month, the CBDT extended the deadline for filing audit reports by 7 days till October 7. 3 years agoOctober 26, 2022
No coercive action till Nov 17 against Anil Ambani on notice under Black Money Act: Bombay HC to Income Tax dept The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in… 3 years agoSeptember 26, 2022
Income Tax Dept approval not required for warrant conversion by RRPR Holding NDTV had said that its founders Radhika and Prannoy Roy have informed that RRPR Holding has intimated VCPL that the… 3 years agoSeptember 10, 2022
NDTV says share transfer needs I-T dept nod, Adani rejects claim RRPRH also asked VCPL, an indirect subsidiary of Adani Enterprises through which the group had exercised rights to acquire a… 3 years agoSeptember 1, 2022
Falling rupee: Extra income by IT sector employees working on projects outside India is taxed – Here’s how Income Tax Rule For IT Sector Employees Working On Foreign Projects: Extra earnings due to falling rupee will be taxed… 3 years agoAugust 27, 2022
Income Tax raid on two business groups in Tamil Nadu The search operation on July 20 covered more than 30 premises located in and around Madurai and Chennai, the department… 3 years agoJuly 28, 2022
I-T searches agro and textile firm in Mumbai Unaccounted cash of Rs 1.4 crore has been seized during the search operation. 3 years agoJuly 27, 2022
Tax Talk | Cash withdrawals: File ITR 2 or 3 to claim TDS An assessee cannot claim credit for TDS on large cash withdrawals under Section 194N in Form ITR 1 even if… 3 years agoJuly 12, 2022
Income tax raids on Dolo-650 maker Micro Labs for alleged tax evasion The simultaneous search and survey operations were underway at a number of locations in the country including residence of Micro… 3 years agoJuly 6, 2022
IT raids on MGM Group for over Rs 400-cr evasion The tax department carried out search and seizure operations on June 15, 2022, on the industrial group at more than… 3 years agoJune 20, 2022
Income Tax department issues revised instruction on action against officers for high-pitched assessments In 2015, the Central Board of Direct Taxes (CBDT) had provided for the constitution of ‘local committees to deal with… 3 years agoJune 16, 2022
Income Tax dept searches Embassy Group premises The residences of key officials of the Embassy Group are also being searched. 3 years agoJune 2, 2022
Over 22% of verified ITRs processed on same day, Rs 2.24 lakh cr refunds issued in FY22 The ministry said that during 2021-22, over 5.70 crore income tax returns (ITRs) were processed. 3 years agoApril 8, 2022
Hero MotoCorp share price tanks 6% after Income Tax Department finds irregularities; what should investors do? Hero MotoCorp stock plunged 6.32 per cent to Rs 2,151.60 on the BSE after the I-T Dept in its probe… 4 years agoApril 1, 2022
ITR filing up 3% at 66.3 million till March 15 On March 15, which was the due date for filing of ITRs by companies and other taxpayers who were required… 4 years agoMarch 17, 2022
