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No proposal of increasing holding period for MFs, Equity Shares or LTCG tax exemption: MoS Finance

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Panama, Paradise paper leaks reveal Rs.20,353 Cr. linked to 930 Indian entities: MoS Finance

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IT Dept. raids Ahmedabad-based stainless steel, metal pipes manufacturer; Unearths unaccounted transactions over Rs. 500 Cr

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IT Dept. raids two Indore-based groups engaged in media, mining, cable TV, coaching businesses

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IT Dept., in search operation on Delhi-based individual, unearths beneficial interests in low-tax jurisdictions

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IT Dept. raids a Kolkata-based TMT Bar manufacturer at more than 20 premises; Unearths unaccounted income of Rs. 100 Cr

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CBDT reports filing of more than 3 Cr ITRs on new portal; Urges taxpayers to comply with extended due date of Dec 31

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IT Dept. raids 30 premises of Mumbai-based real estate group; Unearths TDS default on payments over Rs.300 Cr.

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IT Dept raids jewellery, gemstones exporter in Rajasthan; Unearths over Rs.500 Cr. of undisclosed income

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Taxsutra Compilation: International Tax Capsule - November, 2021

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Taxsutra Compilation: Domestic Tax Rulings - November, 2021

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Last date for updating UDINs for IT Forms extended to Jan 31: ICAI's UDIN Directorate

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IT Dept. raids Ludhiana-based real estate businesses at 40 premises

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IT Dept. raids companies involving shell companies, Marshall Islands, control in neighbouring country

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OECD’s Global Forum releases peer review reports on EOI for Cote d’Ivorie, Kenya, Moldova and Tanzania

Around the World International News

India & US agree on transitional approach on 2% EL; Terms to be finalised in Feb’22

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IT Dept. raids real estate groups in Delhi-NCR; Unearths over Rs.400 Cr of unaccounted income

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IT Dept. raids Gujarat-based Gutkha distributor at more than 15 premises; Unearths over Rs.100 Cr of unaccounted income

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FM inaugurates IT Dept.’s new Office-cum-Residential complex 'The Chinar' at Srinagar

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IT Dept. raids a group engaged in chemical manufacturing, real estate at 20 locations; Unearths over Rs.100 Cr of unaccounted income