The IT action covers educational institutions run or managed by the ex-minister or his family members or their close associates, certain offices, and residential premises.
The Central Board of Direct Taxes (CBDT) on Thursday extended the due date for filing Income Tax Returns for assessment year 2021-22 till December 31, 2021.
The building has provision for solar panels for power generation and a Rain Water Harvesting system, they said.
PF Income Tax Section, PF Interest Taxable: PF accounts will be split into two separate accounts. Tax will be collected from employees' contributions exceeding Rs 2.5 lakh per year in the taxable account.
The deadline for filing the Equalisation Levy statement in Form-1 for the Financial Year 2020-21 has been extended till December 31, against the original due date of June 30.
The Pensioners' body also referred to an apex court order where the Supreme Court had held that pension is valuable right vested in a government servant.
The new income tax e-filing portal developed by Infosys was launched on June 7 in a bid to ease the tax filing process and expedite the refund issue. However, taxpayers have been facing several problems in using the portal since its inception.
In a tweet, Income Tax India on Sunday wrote, "Ministry of Finance has summoned Salil Parekh, MD & CEO @Infosys on 23/08/2021 to explain to Finance Minister Nirmala Sitharaman as to why even after 2.5 months since the launch of new e-filing portal, glitches in the portal have not been resolved. In fact, since 21/08/2021 the portal itself is not available."
USISPF applauds India’s move to withdraw the retrospective tax amendment relating to tax on indirect transfers
The Central government on Thursday proposed to amend Income Tax Act to provide that no tax demand shall be raised in future on the basis of said retrospective amendment for any indirect transfer of Indian assets, if transaction before May 28, 2012.
Searches have also established that individuals, as well as shell entities, were used by the group to launder huge funds amounting to more than Rs 40 crore, showing them as loans obtained by media companies.
The last date to link the Aadhaar number with PAN is 30 September 2021. Still, a large number of PAN cards have not been linked with Aadhaar and many people have to face problems while linking them.
Senior Congress leader Shashi Tharoor on Tuesday attacked the Centre over the glitches in the new Income Tax portal.
Law Minister Ravi Shankar Prasad on Friday launched the e-filing portal of the Income Tax Appellate Tribunal (ITAT) here, saying the initiative should be seen as a larger narrative of transformation the country is undergoing through the digital medium.
The last date to link Aadhar with Pan card has now been extended till June 30, 2021.
Infosys Co-Founder Nandan Nilekani has responded to Finance Minister Nirmala Sitharaman after the latter flagged issues in the new income tax e-filing website asking the technology company to fix the glitches.
The CBDT on Saturday said a proposed new online tax payment system and a mobile app on its soon-to-be launched advanced e-filing website will be activated on June 18 even as the portal will go live on Monday.
In view of the Covid situation, the government on Thursday extended current financial year (FY21) Income Tax Return (ITR) filing deadline for individuals by two months till September 30, 2021.
The existing web portal will be shut for six days between June 1-6. Officials said the new portal will be made more user-friendly.
Filing of belated return under sub-section (4) and revised return under sub-section (5) of Section 139 of the Act, for Assessment Year 2020-21, which was required to be filed on or before March 31, 2021, maybe filed on or before May 31, 2021, the CBDT said.
Top News
Latest News
