Over 4.67 crore Income Tax Returns filed on new e-filing portal of Income Tax Department Over 4.67 crore Income Tax Returns(ITRs) have been filed on the new e-filing portal of the Income Tax Department as on 27th December, 2021. More than 15.49 lakh ITRs were filed on 27.12.2021 and this number is likely to increase … Read more
Income Tax Department conducts searches in West Bengal The Income Tax Department carried out search and seizure operation on 16.12.2021 on two prominent Asansol based groups, engaged in business of iron and steel products, infrastructure, cement, poly fabs, agro-tech & food processing, etc. The search action covered more than 30 premises spread over West Bengal. … Read more
Sovereign Gold Bond Scheme 2021-22 (Series VII) – Issue Price In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated October 21, 2021, Sovereign Gold Bonds 2021-22 (Series VII) will be opened for subscription during the period October 25-29, 2021 with Settlement date November 02, 2021. The issue price of the Bond during the subscription period … Read more
Income Tax Department conducts searches in Maharashtra The Income Tax Department carried out a search and seizure operation on 23.09.2021 on a group of four major Steel Rolling Mills based in Jalna, Maharashtra. These companies are engaged in the business of manufacturing steel TMT bars and billets mostly using steel scrap as raw material. The … Read more
Information sought from Swiss Authorities to verify increase/decrease of deposits Certain reports have appeared in the media on 18.06.2021 stating that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore (CHF 2.55 billion) at the end of 2020 from Rs 6,625 crore (CHF 899 million) at the end of 2019, reversing … Read more