Income Tax news

e-TDS/TCS Return Preparation / File Validation Utility wef 12.05.2019

As per the Income Tax Department notification 36/2019 dated April 12 2019, the new format to furnish the Form 24Q Quarter 4 statement is applicable with effect from May 12, 2019 onwards. Please download the new version of RPU and FVU to prepare and validate the e-TDS statements. A. e-TDS/TCS Return Preparation Utility Version 2.7 [&hellip...

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Posted Under: Income Tax |

ITR 1, ITR 2, ITR 3 & ITR 4 for AY 2019-20 are available for e-Filing

Excel / Jav Utility for ITR 1, ITR 2, ITR 3& ITR 4 for AY 2019-20 is available for e-Filing. Other ITRs will be available shortly. ITR 1 is For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest […]...

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Posted Under: Income Tax |

Income Tax Department continues search action in J&K Region

Income Tax Department conducted search and seizure operations at 5 locations in the Kashmir Valley on 25.04.2019. The searches were carried out against a group which is a monopolistic wholesale distributor of pharmaceuticals in the Kashmir Valley....

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Posted Under: Income Tax |

Details of I-T search conducted in NCR on a group in Power sector

The Delhi unit of the Directorate General of Income-tax (Investigation) initiated search and seizure action on a group in NCR, Bhopal, Indore and Goa based upon credible information of large scale collection, possession and movement of unaccounted assets, a few weeks back....

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Posted Under: Income Tax |

Time limits for uploading old pending appeals/disposals In ITBA

Time limits for uploading old pending appeals/disposals and current disposals made during FY 2018-19 In Appeals module of ITBA-reg. Appeals module of ITBA was rolled out in June 2015 and since then incessant efforts have been made to upload and bring all the pending appeals in the system....

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Posted Under: Income Tax |

New e-TDS/TCS Return Preparation Utility Ver. 2.6 wef 12th April 2019

New e-TDS/TCS Return Preparation Utility Ver. 2.6 for Regular & Correction quarterly e-TDS/TCS statements from FY 2007-08. This version of RPU is applicable with effect from April 12, 2019....

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Posted Under: Income Tax |

CBDT conducts search in the case of Sri Gurappa Naidu

The Income Tax Department conducted search on 9th April, 2019 in Vijaywada at the premises of Sri Gurappa Naidu, a cost accountant. An information had been received on toll-free-number that cash was kept at the residence of Shri Gurappa Naidu which was to be used in General Election. ...

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Posted Under: Income Tax |

Brief highlights of Income Tax searches in NCR, Bhopal, Indore & Goa

Based upon credible information of large scale collection, possession and movement of unaccounted assets, Delhi Directorate of Income Tax (Investigation) initiated search and seizure action on a group in NCR, Bhopal, Indore and Goa. More than 300 IT officials participated in the operation at about 52 locations in 4 States....

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Posted Under: Income Tax |

IBBI is not for realisation of bad loans, Refutes misleading media report

IBC Code segregates commercial aspects from judicial aspects of an insolvency proceeding and empowers and facilitates the stakeholders and the Adjudicating Authority to take decisions in their respective domain. ...

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Posted Under: Income Tax |

CBI Arrests two ITOs In A Bribery Case of Rs.14 Lakh

The Central Bureau of Investigation has arrested two Income Tax Officers posted in Ward 7(1)(4) and Ward 7(1)(3) at Koramangala, Bangalore in a bribery case of Rs.14 lakh....

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Posted Under: Income Tax |

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