Income Tax News
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.
13,65,147 ITRs for AY 2020-21 have been filed on 29th December upto 8 PM
30 December 2020 at 11:34The 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.
CBIC cautions taxpayers on fake matrimonial alliances
30 December 2020 at 11:34The 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.
CBIC cautions taxpayers on paying duty in a personal bank account
30 December 2020 at 11:34CBIC, 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.
Income Tax Department conducts searches in Delhi
30 December 2020 at 10:08The 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.
Income Tax Dept does paid promotion of #ITRFileKaroJhatpat on Twitter
29 December 2020 at 14:23The department, in order to promote the Jhatpat Processing initiative, did a paid promotion on the Social Networking Site Twitter.
10,47,358 ITRs for AY 2020-21 filed on 28th December
29 December 2020 at 11:02The 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.
Extension of Due Dates of Income Tax Returns, Tax Audit Reports, and GST Compliances requested by Sr. Adv. P.P. Chaudhary - Member of Lok Sabha
28 December 2020 at 17:05Senior Advocate P.P. Chaudhary, Member of Lok Sabha has requested the Union and Finance Minister Smt. Nirmala Sitharaman to extend the due dates for filing Income Tax Returns, Tax Audit Reports, and GST Compliances.
Extension of Income Tax Returns and Tax Audit Reports requested by ICAI
28 December 2020 at 12:35Extension of Income Tax Returns and Tax Audit Reports requested by ICAI
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