Income Tax News
Instructions to the ITR Forms (ITR 1 to ITR 7) for A.Y. 2020-21
17 December 2020 at 10:07Instructions to the Income Tax Return Forms (ITR 1 to ITR 7) for A.Y. 2020-21 released by the Central Board of Direct taxes.
Income Tax Department conducts searches in Chandigarh
17 December 2020 at 10:07The Income Tax Department carried out search and seizure operations on 13.12.2020 in the case of a Chandigarh based listed pharmaceutical company and its associated concerns.
CBDT issues refunds of over Rs. 1,48,274 crores to more than 1.02 crore taxpayers between 1st April 2020 and 14th December 2020
17 December 2020 at 10:07Income tax refunds of Rs. 45,264crore have been issued in 1,00,02,982 cases & corporate tax refunds of Rs. 1,03,010 crore have been issued in 2,00,854 cases
IT Department rolls out a dedicated Email ID to register feedback on the Faceless Assessment Scheme
17 December 2020 at 10:07Taxpayers may furnish their feedback/ grievance on the said email id, which will be closely monitored by a team of officials at the National e-Assessment Centre.
CBIC waives the recording of UIN on the invoices, for the months of April 2020 to March 2021
16 December 2020 at 13:03The Central Board of Indirect Taxes has waived the recording of UIN on the invoices, for the months of April 2020 to March 2021.
CBDT informs regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through Direct Benefit Transfer Scheme
16 December 2020 at 10:27The Central Board of Direct Taxes informs regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through the Direct Benefit Transfer Scheme.
CBIC makes amendments in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
16 December 2020 at 10:27The Central Board of Indirect Taxes and Customs has made amendments in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August 2001.
One Time Relaxation to update UDIN has been enabled by CBDT
15 December 2020 at 18:22A One time relaxation to update UDIN has been enabled. Kindly update the UDIN before 31st December 2020 of audit report/certificates to avoid invalidation.
Income Tax Department conducts searches in Pune Region
15 December 2020 at 18:21The search and survey actions were carried out at 29 locations in Panvel and Vashi. Total unaccounted income of the group, detected, so far, is Rs. 163 crores.
CBIC extends the time limit for completion or compliance of any action, by any authority, for anti-profiteering proceedings under Section 171 to 30th/31st March 2021
15 December 2020 at 12:52The Central Board of Indirect Taxes has extended the time limit for completion or compliance of any action, by any authority, for anti-profiteering proceedings under Section 171 to 30th/31st March 2021.
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