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Income Tax - India

Launch of new e-filing Portal of the Indian Income Tax Department – Non-availability of...

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Launch of new e-filing Portal of the Income Tax Department - Non-availability of e-filing services from 01.06.2021 to 06.06.2021 By PIB Delhi The Income Tax Department is going to launch its new e-filing portal www.incometax.gov.in on 7thJune, 2021....
Income Tax - India

Income Tax Department conducts searches in Kolkata

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by PIB Delhi The Income Tax Department carried out search and seizure operation on 10.03.2021 on two separate persons based in Kolkata, who are engaged in handling of cash of others on commission basis. The...
Income Tax - India

আয়কর দপ্তর কলকাতার বিভিন্ন জায়গায় ৯ই মার্চ তল্লাশী অভিযান চালিয়েছে

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কলকাতায় আয়কর দপ্তরের তল্লাশী By PIB Kolkata নয়াদিল্লী,  ১০ মার্চ, ২০২১আয়কর দপ্তর কলকাতার বিভিন্ন জায়গায় ৯ই মার্চ তল্লাশী অভিযান চালিয়েছে। বৈদ্যুতিক ও আলোকমালা সাজানোর ব্যবসার সঙ্গে জড়িত বেশ কয়েকজন কলকাতা ভিত্তিক ব্যবসায়ীর ভবনে আয়কর দপ্তর অভিযান...
Income Tax - India

Extension of the due date of furnishing of Income Tax Returns and Audit Reports...

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Extension of due date of furnishing of Income Tax Returns and Audit Reports By PIB Delhi In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of...
Income Tax - India

Income Tax Department conducts a search in Jharkhand and West Bengal

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Income Tax Department conducts searches in Jharkhand and West Bengal By PIB Delhi  The Income Tax Department has carried out search and survey operations on 25th September, 2020 at around 20 residential and business premises of...
Income Tax - India

Clarification in respect of residency under section 6 of the Income-tax Act, 1961

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Clarification in respect of residency under section 6 of the Income-tax Act, 1961 By PIB Delhi Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to residency of a person. The status of...
Income Tax - India

IT Department to release all pending income tax refunds up to Rs 5 lakhs...

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IT Department to release all pending income tax refunds up to Rs 5 lakhs immediately; Around 14 lakh taxpayers to benefitAll GST & CUSTOM refunds also to be released ; to provide benefit to...
Income Tax - India

New Personal Income Tax Regime

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New Personal Income Tax Regime heralds significant relief, especially for Middle Class TaxpayersNew tax regime to be optional for the taxpayersNew rates entail estimated revenue forgone of Rs 40,000 Crore per year Posted On: 01...
Income Tax - India

Income Tax searches lead to detection of undisclosed foreign assets of more than Rs....

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Income Tax searches lead to detection of undisclosed foreign assets of more than Rs. 1000 crore By PIB Delhi Taking forward the mission of the Government against black money, particularly undisclosed foreign assets, the Income Tax...
Income Tax - India

আয়করের পরিষেবা এবং এ বিষয়ে সচেতনতা গড়ে তোলার জন্য কলকাতায় করদাতা লাউঞ্জের উদ্বোধন

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আয়করের পরিষেবা এবং এ বিষয়ে সচেতনতা গড়ে তোলার জন্য কলকাতায় করদাতা লাউঞ্জের উদ্বোধন By PIB Kolkata কলকাতা , ১৪ ডিসেম্বর, ২০১৯        করদাতাদের জন্য আয়কর দপ্তরের নানান পরিষেবার বিষয়ে  জনসচেতনতা গড়ে তোলার লক্ষ্যে এবং প্রত্যক্ষ করের সম্বন্ধে আরো ভালো ধারণা মানুষের...
Income Tax - India

Income Tax Department conducts search & survey operations on Share Brokers/Traders across India

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Income Tax Department conducts search & survey operations on Share Brokers/Traders across India By PIB Delhi On 3rd December 2019, the Income Tax Department carried out search and survey operations on certain share-brokers/traders who were involved in...
Income Tax - India

Income Tax Searches in Tamil Nadu net more than Rs 700 crore

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Income Tax Searches in Tamil Nadu net more than Rs 700 crore The Income Tax Department conducted a search and seizure operation on 06.08.2019 in the case of one of the major producers of beer...
Income Tax - India

FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2019-20

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FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2019-20 By PIB Delhi The Income-tax return (ITR) forms for the Assessment Year 2019-20 have been notified on 01.04.2019. Subsequently, queries have been...
Income Tax - India

Income Tax Department detects Foreign Assets in a recent search

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Income Tax Department detects Foreign Assets in a recent search By PIB Delhi Income Tax Department conducted searches on 23rd July 2019 in a group covering 13 premises across 3 States (Delhi, Haryana & Himachal Pradesh). The...
Income Tax - India

Tax rates for individuals having taxable income from Rs. 2 cr – 5 cr...

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Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectivelyDirect Tax revenue increases...
Income Tax - India

E-filing of Income Tax in India

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E-filing of Income Tax By PIB Delhi There is a marked increase in the number of income tax filed through e-filing. The number of e-Returns submitted for Assessment Year 2018-19 is 6,49,39,586 as against 5,47,30,304 e-Returns...
Income Tax - India

Income Tax Department strikes again in J&K Region

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Income Tax Department strikes again in J&K Region By PIB Delhi The Income Tax Department conducted search and seizure operations today on a prominent business group based in Srinagar, covering 8 premises in Srinagar and 1...
Income Tax - India

E-filing of Income Tax Returns registers an increase of 19%

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E-filing of Income Tax Returns registers an increase of 19% By PIB Delhi There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018-19 as...
Income Tax - India

Extension of date for filing of Income Tax Returns for taxpayers in Kerala 

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Extension of date for filing of Income Tax Returns for taxpayers in Kerala  In view of the disruption caused due to severe floods in Kerala, the Central Board of Direct Taxes (CBDT) hereby further extends...
Income Tax - India

CBDT issues Circular on amendment of Tax Audit Report 

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CBDT issues Circular on amendment of Tax Audit Report  Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with Rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires prescribed persons to furnish the...

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