Income Tax News

CBIC makes amendments in the Exchange Rate of Turkish Lira

30 December 2020 at 17:13

The Central Board of Indirect Taxes and Customs has made an announcement regarding the change in the Exchange Rate of Turkish Lira. Read the official announcement here.

Posted in Income Tax | 2019 Views

Income Tax Department reminds taxpayers to file ITR amidst request for due date extension

30 December 2020 at 15:19

The due date for taxpayers not requiring audit is 31st December 2020 and for those requiring audit is 31st January 2021. File your return now.

Posted in Income Tax | 5031 Views

CBDT issues refunds of over Rs. 1,56,624 crores to more than 1.33 crores taxpayers between 1st April 2020 to 27th Dec 2020

30 December 2020 at 13:07

Income tax refunds of Rs. 50,554 crore have been issued in 1,31,11,050 cases & corporate tax refunds of Rs. 1,06,069 crore have been issued in 2,03,334 cases.

Posted in Income Tax | 1437 Views

Income Tax Department clarifies on taxpayers having difficulty in receipt of Aadhaar based OTP

30 December 2020 at 11:34

Several taxpayers and professionals experienced difficulty in the receipt of Aadhaar based OTP on the Income Tax Portal while filing their Income Tax Return. In this regard, the department has issued a clarification.

Posted in Income Tax | 4 comments | 17895 Views

13,65,147 ITRs for AY 2020-21 have been filed on 29th December upto 8 PM

30 December 2020 at 11:34

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 29th December here.

Posted in Income Tax | 1422 Views

CBIC cautions taxpayers on fake matrimonial alliances

30 December 2020 at 11:34

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has bewared the taxpayers of Fake Matrimonial Alliances and clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.

Posted in Income Tax | 1701 Views

CBIC cautions taxpayers on paying duty in a personal bank account

30 December 2020 at 11:34

CBIC, via their official Twitter handle, has bewared the taxpayers on paying duty in a personal bank account and has clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.

Posted in Income Tax | 2118 Views

Income Tax Department conducts searches in Delhi

30 December 2020 at 10:08

The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in the Delhi region.

Posted in Income Tax | 1629 Views

Income Tax Dept does paid promotion of #ITRFileKaroJhatpat on Twitter

29 December 2020 at 14:23

The department, in order to promote the Jhatpat Processing initiative, did a paid promotion on the Social Networking Site Twitter.

Posted in Income Tax | 1 comments | 3801 Views

10,47,358 ITRs for AY 2020-21 filed on 28th December

29 December 2020 at 11:02

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 28th December here.

Posted in Income Tax | 2640 Views