Income Tax in India

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Income Tax Audit Applicability at Glance

Income Tax Audit Applicability at Glance

Income Tax Compliance Calendar for September 2021

Income Tax Compliance Calendar for September 2021

What is Form 15CA?

What is Form 15CA?

Income tax notice valid? Check on new income tax portal

Income tax notice valid? Check on new income tax portal

Income tax slab applicable to non-residents (NRI) for AY 2021-22

Income tax slab applicable to non-residents (NRI) for AY 2021-22

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Income Tax Audit Applicability at Glance

Income Tax Audit Applicability at Glance

Income Tax Compliance Calendar for September 2021

Income Tax Compliance Calendar for September 2021

Everything about ITR-1 (Sahaj) online for AY 2021-22

Everything about ITR-1 (Sahaj) online for AY 2021-22

Provisions of Advance Tax under Income Tax

Provisions of Advance Tax under Income Tax

How to access and submit form 15CA online

How to access and submit form 15CA online

Latest Judgments

Delay in Employee’s contribution to PF & ESI not entitled to deduction: ITAT Delhi

The Income Tax Appellate Tribunal (ITAT), Delhi ordered that the deposit of an employee's contribution to the provident fund and ESI beyond the due date will not be entitled to a deduction.

Delay in Income Tax Refund: Karnataka HC allows an additional 3% interest to Wipro

Orissa High Court stays reassessment proceedings for violation of section 148A

The division bench is headed by Chief Justice Dr. S. Muralidhar and Justice B.P. Routray listed the matter on 23rd September 2021 and issued the notice to the Income Tax Officer.

Reassessment not as per section 148A: Any action taken post the amendment would abide by the new amended procedure

The Court ordered that the respondents are restrained from continuing with the reassessment proceedings, in any manner, pursuant to the impugned notices

AO should examine the claim of assessee before invoking Section 14A

ITAT Bangalore set aside the order passed by Ld CIT(A) in AY 2013-14 and direct the AO to delete the addition of Rs 32,03,288/- made by him u/s 14A of the Act.

Unexplained investment: Mere statutory approvals can not sanctify the transaction

In Vishwatej Developers Private Limited Vs ACIT, the Madras High Court said that merely because statutory approvals have been obtained by the assessee, viz., FIPB and RBI will not sanctify the transaction

News & Updates

Over 2 crore Income Tax Returns filed on new e-Filing portal

Over 2 crore Income Tax Returns filed on new e-Filing portal

IT raids in various locations of different individuals; Rs 750 crore parked in foreign bank accounts detected

IT raids in various locations of different individuals; Rs 750 crore parked in foreign bank accounts detected

Income Tax raid on 22 premises of real estate group; Unaccounted transactions of Rs 500 crore detected

Income Tax raid on 22 premises of real estate group; Unaccounted transactions of Rs 500 crore detected

IT team unearths unaccounted funds of 350 cr after raid on leading textile manufacturer

IT team unearths unaccounted funds of 350 cr after raid on leading textile manufacturer

Due dates for filing of Income Tax Returns and various audit reports for AY 2021-22 extended

Due dates for filing of Income Tax Returns and various audit reports for AY 2021-22 extended

CBDT allows taxpayers an opportunity to file application for settlement

CBDT allows taxpayers an opportunity to file application for settlement

Finance Ministry issues stats of new Income Tax website

Finance Ministry issues stats of new Income Tax website

Shri G. S. Pannu appointed as President of ITAT in officiating capacity

Shri G. S. Pannu appointed as President of ITAT in officiating capacity

CBDT issues refunds of over Rs 67,401 crore between 1st April 2021 to 30th August 2021

CBDT issues refunds of over Rs 67,401 crore between 1st April 2021 to 30th August 2021

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