[ad_1] The Enforcement Directorate (ED) has provisionally attached the Mumbai flat of an IPS officer’s husband, Purushottam Chavan, in a money laundering case linked to the Rs 263 crore Income Tax Refund (ITR) fraud case. The agency also attached assets, including land parcels in Lonavala and Khandala of other accused Rajesh Batreja, and balance in […]
CBDT lays down more conditions for mandatory filing of ITR
[ad_1] Through CBDT NN. 37/2022 dated 21.04.2022 notified rule 12AB has prescribed certain conditions for furnishing of ITR by specified persons referred to in clause (iv) of 7th proviso to section 139(1). The conditions prescribed for compulsorily filing of ITR by specified persons are as follows: (i) if the total sales, turnover or gross receipts […]
CBDT notifies ITR-U for filing updated ITR u/s 139(8A)
[ad_1] Through CBDT NN. 48/2022 dated 29.04.2022 notified ITR-U and Rule 12AC for filing updated return u/s 139(8A) relating to AY2020-21 and subsequent AYs. Further, ITR-U has to be chosen by the eligible person as the reason for updating ITR from the following- Return not filed earlier, Income not reported correctly Wrong head of income […]