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

Income Tax Department conducts searches in Nashik

Income Tax Department conducts searches in Nashik

IT Department conducts searches on groups engaged in the business of Digital Marketing & Waste Management

IT Department conducts searches on groups engaged in the business of Digital Marketing & Waste Management

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

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

Cash seizure of over Rs 142 crore in searches by IT Department in Hyderabad

Cash seizure of over Rs 142 crore in searches by IT Department in Hyderabad

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

Income Tax searches in Chennai, Undisclosed income of Rs 300 crore detected

Income Tax searches in Chennai, Undisclosed income of Rs 300 crore detected

CBDT issues Direct Tax collection figures for FY 2021-22

CBDT issues Direct Tax collection figures for FY 2021-22

CBDT issues E-Filing ITR 6 Schema Changes for AY 2021-22

CBDT issues E-Filing ITR 6 Schema Changes for AY 2021-22

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