e-Verification Scheme 2021 of Income Tax Department : Download

By | December 14, 2021

e-Verification Scheme 2021 of Income Tax Department MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 13th December, 2021 (INCOME-TAX) S.O. 5187(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 135A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the… Read More »

Income-tax (33rd Amendment) Rules 2021 : Income Tax Exemption to NRI on transfer of non-deliverable forward contracts

By | December 11, 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th December, 2021 INCOME-TAX G.S.R. 851(E).—In exercise of the powers conferred by clause (4E) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following rules… Read More »

New Order Income Tax I Disallowance of House Renovation Cost on Enquiries with Neighbour I CA Satbir

By | December 11, 2021

New Order Income Tax I Disallowance of House Renovation Cost on Enquiries with Neighbour I CA Satbir Download Click here   Whether Cost of Improvement of House can be denied based on enquiries made with neighbour ?  Facts of the Case Assessee had purchased a flat and incurred expenditure on renovation of house and claimed… Read More »

Income Tax Department conducts search operations in Gujarat , unexplained investments of more than Rs. 300 crore

By | December 11, 2021

Income Tax Department conducts search operations in Gujarat Posted On: 10 DEC 2021 The Income Tax Department initiated search and seizure operation on 03.12.2021 on a prominent group of Surat, engaged in the business of construction of residential and commercial complexes, land transactions as well as real estate financing. The search action covered more than 40 premises spread over… Read More »

Income Tax Department conducts search operations in West Bengal

By | December 11, 2021

Income Tax Department conducts search operations in West Bengal Posted On: 10 DEC 2021 The Income Tax Department initiated search operation in the case of two major manufacturers and suppliers of refined lead, lead alloys and lead oxides on 07.12.2021. The search operation covered 24 premises spread over in the states of West Bengal and Uttar Pradesh. During… Read More »