INCOME TAX DEPARTMENT

Screenshot_2022-06-03-08-16-05-57_40deb401b9ffe8e1df2f1cc5ba480b12-0eb776bb

Breaking: Link Aadhaar- PAN Option Enabled At Income Tax E-filing Portal

Link Aadhaar- PAN option has been enabled at income tax e-filing portal and the same can be accessed by Clicking Here Information about Aadhaar- PAN linking option as mentioned at income tax e-filing portal: As per CBDT circular F.No. 370142/14/22-TPL dated on 30th March 2022, every person who has been allotted a PAN as on …

Breaking: Link Aadhaar- PAN Option Enabled At Income Tax E-filing Portal Read More »

IMG_20220502_075144-ae4dfa11

How To Authenticate Notice/ Order Issued By Income Tax Department

How to Authenticate Notice/ Order Issued By Income Tax Department First, Please Click Here Now, Select one option from these two: (1.) PAN, Document Type, Assessment year, Date of Issue and Mobile Number (Notice/ Letter/ Order issued for Assessment Year 2011-12 and subsequent years only) (Choose this if you do not have Document Number) (2.) …

How To Authenticate Notice/ Order Issued By Income Tax Department Read More »

Useful Contents Provided By Income Tax Department For Ease Of Compliance

Useful Contents Provided By Income Tax Department Say No to cash transactions: Click Here to Read PDF Income Tax Rates for AY 2021-22 and AY 2022-23: Click Here to Read PDF Tax Collected at Source (TCS): Click Here to Read PDF Instant PAN: Click Here to Read PDF How to Apply for TAN: Click Here …

Useful Contents Provided By Income Tax Department For Ease Of Compliance Read More »

Income Tax Raid Reveals: Funds Of Educational Trust Embezzled For Personal Benefit Of Promoters

Income Tax Raid Reveals: Funds Of Educational Trust Embezzled For Personal Benefit Of Promoters

The Income Tax Department, in its investigation, found that huge amounts of funds of an educational trust were embezzled for the personal benefit of its promoters. The group that owns this trust has many schools and colleges in the country and abroad. The Central Board of Direct Taxes (CBDT) on Thursday said that over 25 …

Income Tax Raid Reveals: Funds Of Educational Trust Embezzled For Personal Benefit Of Promoters Read More »

Income Tax Raid: Cash Transactions Of 3000 Crores Detected, CBDT Gave A Big Statement

Income Tax Raid: Cash Transactions Of 3000 Crores Detected, CBDT Gave A Big Statement

The Income Tax department’s action against real estate conglomerate Omaxe on March 14 has now reportedly exposed unaccounted cash transactions of over Rs 3000 crore with customers. Income Tax officials shared this information on Tuesday. It is worth noting that Omaxe is one of the leading real estate developers in Delhi and NCR. The Central …

Income Tax Raid: Cash Transactions Of 3000 Crores Detected, CBDT Gave A Big Statement Read More »

Big Action: Income Tax Department Raids Unicorn Group, Undisclosed Income Of Rs 224 Crore Unearthed

Big Action: Income Tax Department Raids Unicorn Group, Undisclosed Income Of Rs 224 Crore Unearthed

The Central Board of Direct Taxes (CBDT) on Sunday said that the Income Tax Department has detected undisclosed income of around Rs 224 crore after the recent raids on unicorn start-up group based in Pune and Thane in Maharashtra. On March 9, searches were conducted at 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh …

Big Action: Income Tax Department Raids Unicorn Group, Undisclosed Income Of Rs 224 Crore Unearthed Read More »

Highest Tax Collection in The History Of Income Tax Department

Highest Tax Collection in The History Of Income Tax Department

A big news has come from the Income Tax Department. In fact, the department has made the highest ever income tax collection in the current financial year. This information has been shared by the Central Board of Direct Taxes. CBDT Chairman JB Mohapatra said that there has been a growth of 48 per cent in …

Highest Tax Collection in The History Of Income Tax Department Read More »

Income Tax Department Conducts Searches in Mumbai

Income Tax Department Conducts Searches in Mumbai

Income Tax Department carried out a search operation on 08.03.2022 on a cable operator of Mumbai, a State Govt employee and the businesses related to him. A total of 26 premises spread over Mumbai, Pune, Sangli and Ratnagiri were covered. During the search, it was found that a parcel of land at Dapoli was purchased …

Income Tax Department Conducts Searches in Mumbai Read More »

Good Step By Income Tax Department To Help Taxpayers

Good Step By Income Tax Department To Help Taxpayers

The offices of the Income Tax Department will also open on all Saturdays of this month (March 2022) across the country. A senior official said on Friday that Finance Minister Nirmala Sitharaman had directed this to be done to address the grievances and cases of taxpayers. The income tax offices will be open every Saturday …

Good Step By Income Tax Department To Help Taxpayers Read More »

Alert: Income Tax Department Alerts Taxpayers To Reply To Notices By 31 March

Alert: Income Tax Department Alerts Taxpayers To Reply To Notices By 31 March

If you are one such taxpayer and you have come under the scanner of income tax then this news is for you. The Income Tax Department has asked the taxpayers under investigation to respond to the notice by March 31, 2022. The Income Tax Department appealed to the taxpayers by tweeting about this on Wednesday. …

Alert: Income Tax Department Alerts Taxpayers To Reply To Notices By 31 March Read More »

Breaking: Want To Get Quick Resolution From Income Tax Department? Read This Article

The Income Tax Department has notified email format for sharing queries with help-desk emails. Two new emails namely ITR.helpdesk@incometax.gov.in (for ITR-1 to ITR-7) and TAR.helpdesk@incometax.gov.in (for 3CA-3CD, 3CB-3CD) have been launched. The taxpayers are requested to share the relevant details at these emails. This advisory is mentioned at the Income Tax Portal. Email Format for …

Breaking: Want To Get Quick Resolution From Income Tax Department? Read This Article Read More »

Right Of The Assessee To Cross Examine in Income Tax Search And Seizure: An Analysis

Right Of The Assessee To Cross Examine in Income Tax Search And Seizure: An Analysis

Introduction:- The principles of natural justice forms an integral part of procedural fairness and justness, thereby excluding the scope of arbitrariness. Even though the right of hearing, which forms a part of the principles of natural justice, before an order is passed under some of the provisions of the Income-tax Act 1961, is not specifically …

Right Of The Assessee To Cross Examine in Income Tax Search And Seizure: An Analysis Read More »

Biggest recovery ever in the history of CBIC

WHAT IS e-FILING ? ADVANTAGES OF e-FILING

WHAT IS e-FILING ? THE PROCESS OF ELECTRONICALLY FILING INCOME TAX RETURN, THROUGH THE INTERNET, IS KNOWN AS e-FILING WHO CAN e-FILE? Individuals HUF Companies / BOI / AOP / Firms / Trusts / Local authorities / Artificial juridical person External Agencies Tax professionals – Chartered Accountants Tax Deductors and Collectors Electronic Return Filing Intermediaries …

WHAT IS e-FILING ? ADVANTAGES OF e-FILING Read More »

Extension of due date for furnishing of Income-tax returns, Tax audit reports

Extension of due date for Income-tax returns, Tax audit reports

extension of due date for furnishing of Income-tax returns, Tax audit reports etc. & [b] Issues faced by us after launching of new website MAHARASHTRA TAX PRACTITIONERS’ASSOCIATION (Formerly known as The Western Maharashtra Tax Practitioners’ Association) “Dnyan Mandir”, Yadav Vyapar Bhavan,Shivaji Road, 602, Shukrawar Peth,Pune – 411 002 Maharashtra 020-2447-0237mtpa81@gmail.comhttp://www.wmtpa.org SS / MTPA / IT representation …

Extension of due date for Income-tax returns, Tax audit reports Read More »

Bank Lockers And Income Tax Search & Seizure: A Study

Bank Lockers And Income Tax Search & Seizure: A Study By CA Mohit Gupta

Legality of roping in an unconnected third party in the rigors of an Income Tax Search and Seizure action (including bank lockers of such unconnected third parties) Introduction:- The authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned …

Bank Lockers And Income Tax Search & Seizure: A Study By CA Mohit Gupta Read More »

Not Received Income Tax Refund Yet? Know How To File Complaint To Income Tax Department!

Not Received Income Tax Refund Yet? Know How To File Complaint To Income Tax Department!

If advance is deducted on the basis of your estimated investment in a financial year, but after the final paper is submitted by the end of the financial year, it is found that more tax has been deducted according to your liability, then income tax You have to apply for ITR refund to get the …

Not Received Income Tax Refund Yet? Know How To File Complaint To Income Tax Department! Read More »

Income Tax Department Sets Up Taxpayer’s Lounge At New Delhi. Know Details Here

A Taxpayers’ Lounge has been set up by the Income Tax Department in India International Trade Fair, 2021 at Pragati Maidan, New Delhi from 14th – 27th November 2021, for fostering awareness about various services provided by the Income Tax Department to taxpayers and to facilitate compliance with the various Income-tax rules and procedures. Shri …

Income Tax Department Sets Up Taxpayer’s Lounge At New Delhi. Know Details Here Read More »

Attention Taxpayers! Check Out The New Annual Information Statement (AIS) Before Filing ITR

Attention Taxpayers! Check Out The New Annual Information Statement (AIS) Before Filing ITR

Attention taxpayers! Check out the new Annual Information Statement (AIS).  Provides a comprehensive view of information available with Income Tax Department about taxpayer. Please click on link ‘AIS’ under ‘Services’ tab on incometax.gov.in to access. Benefits of AIS: Comprehensive taxpayer info, ease of accessibility in various downloadable formats, instant feedback, summarized info for ITR pre-filling, …

Attention Taxpayers! Check Out The New Annual Information Statement (AIS) Before Filing ITR Read More »

ED has provisionally attached assets worth Rs 2.87 Crore in the name of family members of Satish Kumar, Commandant, BSF, under PMLA, 2002 in illegal cattle smuggling case.

Big Breaking: Firm’s CA Will Also Be Questioned If Tax Evasion Is Caught

Now the firms or business establishments, where there will be raids by the Income Tax Department and documents of large-scale malpractices or evasion of tax are found from there, then the CA who conducts regular audit of these will also be questioned. If there is misappropriation of crores of rupees of tax in a firm, …

Big Breaking: Firm’s CA Will Also Be Questioned If Tax Evasion Is Caught Read More »

टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ

टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ

आयकर विभाग की अब जिन फर्म या व्यावसायिक प्रतिष्ठानों में रेड होगी और वहां से बड़े स्तर पर गड़बड़ी या टैक्स की हेराफेरी के दस्तावेज मिलते हैं तो इनका नियमित ऑडिट करने वाले सीए से भी पूछताछ की जायेगी. किसी फर्म में टैक्स की करोड़ों रुपये की हेराफेरी होती है, तो ऑडिट की रिपोर्ट में …

टैक्स की हेराफेरी पकड़े जाने पर फर्म के सीए से भी होगी पूछताछ Read More »

Income Tax Department Rolls Out New Annual Information Statement (AIS) On Compliance Portal

Income Tax Department Rolls Out New Annual Information Statement (AIS) On Compliance Portal

Income Tax Department rolls out the new Annual Information Statement (AIS) on the Compliance Portal. It provides a comprehensive view of information to taxpayer, with facility to capture online feedback. Please click on link ‘AIS’ under the ‘Services’ tab on incometax.gov.in to access. New AIS includes additional information relating to interest, dividend, securities & mutual …

Income Tax Department Rolls Out New Annual Information Statement (AIS) On Compliance Portal Read More »

Must Read: Middle Men Provided End to End Encrypted Services for Tax Evasion But Income Tax Department Unearthed the Same

Must Read: Middle Men Provided End to End Encrypted Services for Tax Evasion But Income Tax Department Unearthed the Same

The Income Tax Department carried out a search operation that commenced on 23.09.2021 on a big syndicate involving certain businessmen/ middlemen of Maharashtra and some persons holding public offices. The intelligence was developed over 6 months. In all, 25 residential and 15 office premises were covered under the search, while 4 offices were covered under …

Must Read: Middle Men Provided End to End Encrypted Services for Tax Evasion But Income Tax Department Unearthed the Same Read More »