Income Tax News

Faceless Assessment (1st Amendment) Scheme, 2021 Released

18 February 2021 at 05:25

The Central Board of Direct Taxes has further made amendments in the Faceless Assessment Scheme, 2019 and have released the Faceless Assessment (1st Amendment) Scheme, 2021.

Posted in Income Tax | 10203 Views

CBDT issues refunds to more than 1.90 crore taxpayers between 1st April 2020 and 15th February 2021

17 February 2021 at 16:16

Income tax refunds of Rs. 68,515 crore have been issued in 1,88,02,365 cases & corporate tax refunds of Rs. 1,24,939 crore have been issued in 2,16,064 cases.

Posted in Income Tax | 1014 Views

CBDT issues refunds to more than 1.87 crore taxpayers between 1st April 2020 to 8th Feb 2021

11 February 2021 at 05:33

Income tax refunds of Rs. 67,334 crore have been issued in 1,84,45,638 cases & corporate tax refunds of Rs. 1,23,680 crore have been issued in 2,14,935 cases.

Posted in Income Tax | 1377 Views

ITAT holds its first bench at Jammu ICAI Premises

06 February 2021 at 05:50

ICAI had entered into an MOU with ITAT whereby ICAI extended the facility of using ICAI infrastructure for conducting camp hearings of ITAT as and when required at ICAI branches & offices across the country including Srinagar & Ladakh.

Posted in Income Tax | 1434 Views

CBDT issues refunds to more than 1.81 crore taxpayers between 1st April 20 to 1st Feb 21

04 February 2021 at 10:16

Income tax refunds of Rs. 64,966 crore have been issued in 1,78,62,798 cases & corporate tax refunds of Rs. 1,20,443 crore have been issued in 2,13,387 cases.

Posted in Income Tax | 1206 Views

CBDT extends the date for filing of declarations under the Vivad se Vishwas scheme to 28th Feb 21

01 February 2021 at 12:13

The Central Board of Direct Taxes has extended the last date for filing declarations under the Vivad se Vishwas Act, 2020 to 28th February 2021.

Posted in Income Tax | 2298 Views

ICAI extends Condonation Scheme to regularize UDINs to 28th February 2021

31 January 2021 at 23:52

It is being informed to the members that all the missed UDINs between the period 1st February 2019 to 31st January 2021 can now be generated up to 28th February 2021 and this be taken as an extension of the Condonation Scheme announced previously.

Posted in Income Tax | 9918 Views

CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers

27 January 2021 at 19:11

Income tax refunds of Rs. 62,231 crore have been issued in 1,71,77,174 cases & corporate tax refunds of Rs. 1,19,105 crore have been issued in 2,12,506 cases.

Posted in Income Tax | 1155 Views

CBDT issues refunds to more than 1.65 crore taxpayers between 1st April, 2020 to 18th Jan, 2021

21 January 2021 at 10:38

An amount of more than Rs. 1,76,217 crore refunded to more than 1.65 Crore taxpayers between 1st April, 2020 to 18th January, 2021 reports The Central Board of Direct Taxes(CBDT).

Posted in Income Tax | 1 comments | 3069 Views

CBIC issues Clarification regarding requirement of filing of Bill of Coastal Goods

18 January 2021 at 08:32

The Central Board of Indirect Taxes and Customs issued clarification regarding requirement of Filing of bill of Coastal Goods

Posted in Income Tax | 2592 Views