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The TDS provisions on VDA or cryptocurrencies, announced in the 2022-23 Budget, will be effective from July 1

Direct Tax Collections Expected To Breach Rs 12.5-tn Target: CBDT Chairman

Banking & Finance

Direct tax collections are expected to breach the revised target of Rs 12.50 lakh crore and set an all-time high and "historic" record by the end of this financial year in March

I-T Refunds Of Rs 1.50T Issued Till January 3 This Fiscal Year

Of this, income tax refunds of Rs 51,194 crore have been issued in 1.46 crore cases and corporate tax refunds of Rs 99,213 crore have been issued in over 2.19 lakh cases.

I-T Dept Detects Evasion Worth Crores After Raids On 'Foreign-Controlled' Mobile Companies

The searches were carried out on December 21 and premises in Karnataka, Tamil Nadu, Assam, West Bengal, Andhra Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Bihar, Rajasthan and Delhi-NCR were covered.

CBDT Issues Refunds Of Rs. 1,32,381 Cr To Over 1.19 Cr Taxpayers

Over 52 per cent of these ITRs are filed using the online ITR form on the portal and the balance are uploaded using the ITR created from the offline software utilities, the statement added.

Over 80 Lakh Taxpayers Received Refunds For AY 2021-22: IT Dept

The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st January 2022.

IT Dept Finds Rs 500 Cr Black Income After Raids On Jaipur Jewellery Group

Economy Policy

The tax department also seized Rs 4 crore cash and jewellery valued at Rs 9 crore during the action against the unidentified group.

Income Tax Refunds 1,23,667 Cr Issued This Fiscal: CBDT

"This includes 75.75 lakh refunds of AY 2021-22 amounting to Rs.15,998.31 crore," the Income Tax Department tweeted.

I-T Dept Detects Rs 100 Cr Unaccounted Income Post Raids On Gujarat Group

The Central Board of Direct Taxes (CBDT), that frames policy for the tax department, said that the group received unaccounted money as part of immovable property transactions.

Former CBDT Chairman PC Mody Appointed As New Secretary-General Of Rajya Sabha

Rajya Sabha Chairman M Venkaiah Naidu has signed an order to this effect, sources in the Rajya Sabha Secretariat said. Ramacharyulu has now been appointed as an advisor in the Rajya Sabha Secretariat

Income Tax Refunds 1,12,489 Cr Issued This Fiscal: CBDT

This figure includes income tax refunds of Rs. 33,548 crore in 89,53,923 cases and corporate tax refunds of Rs. 78,942 crore in 1,75,692 cases.

Income Tax Refunds Of Over Rs 1 Lakh Cr Issued This Fiscal: CBDT

This figure includes income tax refunds of Rs 27,965 crore in 76,21,956 cases and corporate tax refunds of Rs 74,987 crore in 1,70,424 cases,

CBDT Issues Income Tax Refunds Of 1,02,952 Cr From April To Oct 2021

Earlier, CBDT informed that it has issued refunds of over Rs. 92,961 crore to more than 63.23 lakh taxpayers from 1st April 2021 to 18th October 2021.

CBDT Issues Income tax Refunds Of Rs 92,961 Crore