Income Tax News


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 10:07

Income 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

Posted in Income Tax |   1029 Views


IT Department rolls out a dedicated Email ID to register feedback on the Faceless Assessment Scheme

   17 December 2020 at 10:07

Taxpayers 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.

Posted in Income Tax |   2298 Views


CBIC waives the recording of UIN on the invoices, for the months of April 2020 to March 2021

   16 December 2020 at 13:03

The Central Board of Indirect Taxes has waived the recording of UIN on the invoices, for the months of April 2020 to March 2021.

Posted in Income Tax |   3024 Views


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 10:27

The 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.

Posted in Income Tax |   1272 Views


CBIC makes amendments in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

   16 December 2020 at 10:27

The Central Board of Indirect Taxes and Customs has made amendments in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August 2001.

Posted in Income Tax |   1467 Views


One Time Relaxation to update UDIN has been enabled by CBDT

   15 December 2020 at 18:22

A One time relaxation to update UDIN has been enabled. Kindly update the UDIN before 31st December 2020 of audit report/certificates to avoid invalidation.

Posted in Income Tax  1 comments |   14181 Views


Income Tax Department conducts searches in Pune Region

   15 December 2020 at 18:21

The 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.

Posted in Income Tax |   1326 Views


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 12:52

The 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.

Posted in Income Tax  1 comments |   6144 Views


CBIC further makes changes in the notification of the Finance Ministry No. 63/1994-Customs (N.T.) dated the 21st November 1994

   12 December 2020 at 10:30

CBIC, on 11th December 2020 has further made changes in the notification of the Finance Ministry No. 63/1994-Customs (N.T.) dated the 21st November 1994.

Posted in Income Tax |   4389 Views


CBDT issues refunds of over Rs. 1,45,619 crores to more than 89.29 lakh taxpayers between 1st April 2020 to 8th December 2020

   09 December 2020 at 17:11

Income tax refunds of Rs. 43,274 crore have been issued in 87,29,626 cases &corporate tax refunds of Rs. 1,02,345 crore have been issued in 1,99,554 cases

Posted in Income Tax |   1629 Views



Popular News




CCI Pro
Meet our CAclubindia PRO Members


Follow us