Monthly Archives: November 2021

Income Tax Department conducts searches in Karnataka Posted On: 03 NOV 2021 11:27AM by PIB Delhi The Income Tax Department carried out search and seizure operations on one of the leading groups of Karnataka, engaged in the civil construction of roads and irrigation projects, on 28.10.2021 at various premises located in North Karnataka. The search… Read More »

Income Tax Penalty if WIFE receives CASH from HUSBANDI CA Satbir Singh Facts of the Case Assessee received substantial amount of cash from her husband which was used to purchase property for residence of family members. Income Tax Officer levied penalty of Rs 3 Lakh u/s 271D of the Income Tax Act, 1961. CIT (A)… Read More »

New order on Income Tax Sec 54 Exemption if house purchased in Joint names I CA Satbir Singh

Big Change for Income Tax Return Filing I Annual Information Statement I New 26AS I CA Satbir Singh Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. In this Video you… Read More »

Roll out of new Annual Information Statement (AIS) Posted On: 01 NOV 2021 Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. The new AIS can be accessed by clicking on… Read More »

Income Tax Department conducts searches in Bihar and Jharkhand Posted On: 01 NOV 2021 2:23PM by PIB Delhi The Income Tax Department carried out search and seizure operation on a prominent road construction contractor in Bihar and Jharkhand. The search action was initiated on 27.10.2021 at various premises located in Bihar, Jharkhand, Maharashtra, and West… Read More »