The Income Tax Appellate Tribunal Mumbai benches intend to resume physical functioning, on an experimental basis and in a limited manner, with effect from 7th December 2020.
For the class of supply as specified in column (2) and whose HSN Code as specified in column (3) of the Table given, a registered person shall mention eight number of digits of HSN Codes in a tax invoice issued by him under the said rules.
Income tax refunds of Rs. 38,105 crore have been issued in 57,68,926 cases & corporate tax refunds of Rs. 1,02,105 crore have been issued in 1,99,165 cases.
The Income Tax Department conducted searches on 27/11/2020 in the case of an IT SEZ developer, its ex-Director, and a prominent stainless-steel supplier in Chennai.
ICAI, in its gazette notification dated 2nd August 2019, had made the generation of UDIN from the ICAI website mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators.
The Income Tax Department has released a new set of instructions sheets and use of offline utilities for filing of ITR - 2,3,5,6, & 7 for better clarity of the taxpayer.
Income tax refunds of Rs. 36,028 crore have been issued in 39,28,067cases &corporate tax refunds of Rs. 1,00,934 crore have been issued in 1,96,880 cases.
Download the October 2020 Version 1.0 guidebook for Faceless Assessments launched by CBIC
Income tax refunds of Rs. 35,750 crore have been issued in 38,23,304 cases &corporate tax refunds of Rs.1,00,316 crore have been issued in 1,95,518 cases
CBIC makes amendments in Tariff Notification No. 107/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver
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