Tag: cbdt press release
CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment CBDT clarification on carry forward of losses for shareholding change due to strategic disinvestment Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide …
Dainik Bhaskar Income Tax Raids-CBDT alleges detection of bogus income of Rs. 700 crores The Income Tax Department had carried out a search operation on Dainik Bhaskar in 9 cities including Mumbai, Delhi, Bhopal, Indore, Noida and Ahmedabad. The Income Tax raids had been severely criticised …
Finance Ministry to hold meeting with Infosys on glitches in new e-filing portal of the Income Tax Right from the launch of new income tax efiling portal, on 7th June 2021 it has succumbed to technical glitches and users/taxpayers are finding it very difficult to ensure the …
CBDT allows manual filing of Forms 15CA 15CB till 30th June 2021 in view of the snags in new income tax e-filing portal CBDT allows manual filing of Income Tax Forms 15CA 15CB till 30th June 2021 Under the provisions of the Income-tax Act, 1961 read …
Concessional tax rate of 5% continue to apply to interest income u/s 194LD even after amendment to section 115AD Government of IndiaDepartment of Revenue Ministry of FinanceCentral Board of Direct Taxes New Delhi, 17th March, 2021 Clarification on continuation of concessional rate of tax on certain …
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August, 2019, had made generation of UDIN from ICAI website mandatory for every kind of …
Income Tax Department carries out searches in Srinagar and Kupwara Income Tax raids Srinagar Kupwara The Income Tax Department has carried out simultaneous search and seizure operations on 2nd September, 2020 in the case of three prominent businessmen in Srinagar and Kupwara. These operations have, prima facie, led …
CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks Now banks can check whether assessee has filed ITR or not Central Board of Direct Taxes in exercise of powers conferred under section 138(1)(a) of Income Tax Act, 1961, has issued Order in F.No. 225/136/2020/ITA.II dated 31.08.2020, …
Income Tax Department conducts searches in Bhopal Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 21st August, 2020 Income Tax Department conducts searches in Bhopal PRESS RELEASE The Income Tax Department carried out a search and seizure operation …
Income Tax Department conducts search on premises of Chinese entities As per a Press Release issued by Finance Ministry, the Income Tax Department, based on the credible information that few Chinese individuals and their Indian associates were involved in money laundering and hawala transactions through series of shell …
