Income Tax News
CBDT, on The Recommendation of ICAI, Extends the Last Date for Updating UDIN in all Income Tax Forms to 15th February 2021
02 January 2021 at 10:34The Central Board of Direct Taxes, on the recommendation of the Institute of Chartered Accountants of India, has extended the last date for updating UDIN in all Income Tax Forms to 15th February 2021, for treating these forms as valid.
2,44,081 ITRs for AY 2020-21 have been filed on 1st January 2021 upto 8 PM
02 January 2021 at 10:34The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 1st January 2021 here.
16,66,548 ITRs for AY 2020-21 have been filed on 30th December up to 8 PM
31 December 2020 at 10:34The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 30th December here.
CBIC cautions taxpayers regarding Fraudulent Calls, SMS, and Emails
31 December 2020 at 10:34CBIC, via their official Twitter handle, has bewared the taxpayers on not falling prey to fraudulent calls, SMS or emails, and has clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.
New Due Dates for Income Tax Returns, Tax Audit Reports and GST Compliances
30 December 2020 at 18:52The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. The extended due dates are mentioned here.
Government Extends Due Date for Filing Income Tax Returns, Tax Audit Reports and GST Compliances
30 December 2020 at 18:12In view of the COVID-19 pandemic and the large scale disruption caused as a consequence of it, the Finance Ministry has decided to extend the due dates for Income Tax Returns, Tax Audit Report, and GST Compliances. Check out the extended due dates here.
CBIC makes amendments in the Exchange Rate of Turkish Lira
30 December 2020 at 17:13The 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.
Income Tax Department reminds taxpayers to file ITR amidst request for due date extension
30 December 2020 at 15:19The due date for taxpayers not requiring audit is 31st December 2020 and for those requiring audit is 31st January 2021. File your return now.
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 13:07Income 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.
Income Tax Department clarifies on taxpayers having difficulty in receipt of Aadhaar based OTP
30 December 2020 at 11:34Several 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.
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