Tax audit and ITR date extended for AY 2021-22 : CBDT circular No 01/2022

By | January 11, 2022

Tax audit and ITR date extended for AY 2021-22 ” CBDT circular No 01/2022 Circular No. 01/2022 F. No. 225/49/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, dated 11 th January 2022 Subject: – Extension of timelines for filing of Income-tax returns and various reports… Read More »

ICAI submit request to CBDT for waiver of penalty for filing of tax audit reports for AY 2021-22

By | January 10, 2022

ICAI submits representation to CBDT requesting to consider waiver of penalty for filing of tax audit reports for AY 2021-22 till 31st March, 2022 – (10-01-2022) Public Relations Committee The Institute of Chartered Accountants of India 10th January, 2022 ICAI Press Release ICAI submits representation to CBDT requesting to consider waiver of penalty for filing… Read More »

Income Tax Department search : unaccounted income Rs. 200 crore. 

By | January 10, 2022

Income Tax Department conducts searches in Kerala Posted On: 10 JAN 2022 5:18PM by PIB Delhi The Income Tax Department carried out search and seizure operation on 05.01.2022 on two groups, engaged in the business of quarry operation.  More than 35 premises spread across districts of Kottayam, Eranakulam, Thrissur, Palakkad and Kannur have been covered… Read More »

Income Tax Search : Detection of unaccounted cash transactions to the tune of Rs. 800 crore.

By | January 10, 2022

Income Tax Department conducts searches in Andhra Pradesh and Telangana Posted On: 10 JAN 2022 5:19PM by PIB Delhi The Income Tax Department carried out search and seizure operation on 05.01.2022 on three real estate developers, engaged in the business of land development as well as construction activities in the town of Kurnool and other… Read More »

Interest Calculator in GSTR-3B New feature on GST Portal

By | January 9, 2022

Upcoming functionality – Interest Calculator in GSTR-3B 08/01/2022 As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the… Read More »

Category: GST