CBI REGISTERS A CASE AGAINST COMMISSIONER OF INCOME TAX & OTHERS INCLUDING GROUP GENERAL MANAGER, RVNL ON THE ALLEGATIONS OF POSSESSION OF DISPROPORTIONATE ASSETS, AND CONDUCTS SEARCHES The Central Bureau of Investigation has registered a case on  the allegations that a Commissioner of Income Tax (Appeals),Udaipur while working as pu...

The Central Bureau of Investigation has arrested two Inspectors working at Investigation Unit of Income Tax Department, Ballard Pier, Mumbai for accepting bribe of Rs.15 Lakh from the complainant. CBI has registered a case against three Inspectors, all working at Investigation Unit-1, Income Tax Department, Ballard Pier, Mumbai on the all...

Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021  i.e. for Income Tax Return of Assessment Year 2021-22 and Financ...

Net Direct Tax collections represent 104.46% of the Revised Estimates of Rs. 9.05 lakh crore of Direct Taxes for the F.Y. 2020-21. Advance Tax collections for F.Y. 2020-21 stand at Rs. 4.95 lakh crore which shows a growth of approximately 6.7%. ...

The banks have almost reported wrong information to the department. The interest reported is twice/thrice than interest shown by the assessee in the income tax return. The banks have reported interest on the basis of consolidation as per form 26Q. Then they have reported on the basis of Form 26AS and thirdly on the basis of individual FDR...

Central Board of Direct Taxes, e-Filing Project ITR 4 – Validation Rules for AY 202 1-22 Version 1.0 2nd April 2021 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 4 – Validation Rules for AY 202 1-22 Version Number: 1.0 Revision ...

ITR 1 – Validation Rules for AY 2021-22 Version 1.0 2nd April 2021 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 1 – Validation Rules for AY 2021-22 Version Number: 1.0 Revision Details Version No. Revision Date Revision Descrip...

The Special Judge for CBI cases, Delhi has sentenced S/Sh Ashutosh Verma then Deputy Director (Investigation) Income Tax, Delhi; Suresh Nanda (private person) and Bipin Shah (Chartered  Accountant), all to undergo one year Rigorous Imprisonment with fine of Rs. one lakh each in a CBI case....

Form CSR- INSTRUCTIONS FOR FILLING OF EFORM CSR (Form for voluntary reporting of Corporate Social Responsibility) Note: 1. Instructions are not provided for the fields which are self explanatory 2. If the space within any of the fields is not sufficient to provide all the information, then additional details can be provided as an optional...

Introduction to ITR Offline utility Assessment Year 2021-22 ITR-1 and 4* * Enabled for ITR-1 & 4 as of now Steps to Download and install Offline Utility and fill the same Let us understand the execution steps for ITR 1 & ITR 4……. Step by Step Guide – Download & Install Offline Utility Step 1 […]...