Page 12 - Latest Updates on Income tax
Corporate affairs ministry to test new MCA21 portal's Version 3 soon
The main purpose of the portal is to facilitate seamless integration and data exchange among regulators.
 "Corporate affairs ministry to test new MCA21 portal's Version 3 soon")
TMS, Ep 37: 5 years of since demonetisation, Form 26AS, and blockchain tech
What do key indicators tell us about the Indian economy 5 years after demonetisation? How will tweaked Form 26AS make tax evasion harder? What is blockchain technology? Get all the answers here
 "TMS, Ep 37: 5 years of since demonetisation, Form 26AS, and blockchain tech")
New Annual Information Statement allows you to get mistakes rectified
Make sure the information in your income-tax return and in this statement match, or you could get a tax notice
 "New Annual Information Statement allows you to get mistakes rectified")
I-T Dept enables tax audit utility form on its portal for FY20 and FY21
The last date for filing the tax audit report for the 2020-21 fiscal is January 15, 2022.
 "I-T Dept enables tax audit utility form on its portal for FY20 and FY21")
IT dept detects Rs 184-cr black money after raids on Mumbai realtor, others
The searches were launched on October 7 at 70 premises in Mumbai, Pune, Baramati, Goa and Jaipur
 "IT dept detects Rs 184-cr black money after raids on Mumbai realtor, others")
Over 20 million I-T returns filed on new portal; many glitches rectified
Infosys has been asked to address issues linked to complex filings
 "Over 20 million I-T returns filed on new portal; many glitches rectified")
I-T dept detects Rs 550-cr hidden income after raids on Hetero pharma group
The searches have also resulted in seizure of unexplained cash amounting to Rs 142.87 cr
 "I-T dept detects Rs 550-cr hidden income after raids on Hetero pharma group")
I-T conducts raids against Maharashtra deputy CM Pawar's family, realtors
The Income Tax Department raided some businesses linked to family members of Maharashtra deputy chief minister Ajit Pawar and some real estate developers on charges of alleged tax evasion
 "I-T conducts raids against Maharashtra deputy CM Pawar's family, realtors")
Top headlines: IPO filing hits century, Grasim gets Rs 8,334 cr tax demand
Millennials becoming largest consumer group for hotels, the hurdles in Adani's green dreams, and other top headlines of the day
 "Top headlines: IPO filing hits century, Grasim gets Rs 8,334 cr tax demand")
Grasim Industries gets Rs 8,334-crore income tax demand
Grasim Industries Ltd on Friday said the income tax department has raised a demand of Rs 8,334 crore on the company as capital gains tax with regard to sale of shares in a group firm
 "Grasim Industries gets Rs 8,334-crore income tax demand")
Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDT
This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases
 "Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDT")
Income tax dept detects blackmoney abroad after raids on textile group
The CBDT has claimed that the Income Tax Department has detected black money worth crores stashed abroad after it raided a leading business group involved in manufacture of textile and filament yarn.
Every rupee in my foundation awaiting its turn to save a life: Sonu Sood
Every rupee in his foundation is awaiting its turn to be used to reach the needy and save precious lives, actor Sonu Sood said in a statement on Monday
 "Every rupee in my foundation awaiting its turn to save a life: Sonu Sood")
Chipping away at EPFO's benefits
If the Centre only enforces mobility between the EPFO and NPS, the subscribers will settle the argument by voting with their feet
 "Chipping away at EPFO's benefits")
Taxpayers still need to pay interest despite extension of filing dates
Taxpayers may still be required to pay additional interest at the rate of 1 per cent per month despite filing the return in the extended period in case the balance tax payable exceeds Rs 1 lakh
IT dept widens probe against actor Sonu Sood; searches multiple premises
The Income Tax Department has widened its tax evasion probe against actor Sonu Sood as it raided multiple premises in Mumbai, Nagpur and Jaipur on Friday, official sources said.
I-T portal continues to face glitches; deadline to Infosys draws to a close
The new income tax e-filing portal, which was unveiled with much fanfare, is not completely glitch-free even as the deadline set by the government for Infosys to fix the problems expired on Wednesday.
 "I-T portal continues to face glitches; deadline to Infosys draws to a close")
Loss-making PSUs more attractive for buyers after income tax tweak
Investor must retain at least 51% stake to take the benefit
 "Loss-making PSUs more attractive for buyers after income tax tweak")
ITR filing extension: No relief to taxpayers on interest liability
ITR filing has increased to 320,000 daily in September 2021
Probe attempt to stifle independent journalism: Newslaundry, Newsclick
Online news platform Newslaundry on Saturday said it does business "honestly and with integrity"
 "Probe attempt to stifle independent journalism: Newslaundry, Newsclick")
