CAclubindia 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 13:07

Income 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.

Posted in Income Tax | 1437 Views

GSTN makes taxpayers aware of New Rule 86 (B) on 1% cash payment of the liability

30 December 2020 at 13:07

The GST Portal, via their official Twitter handle, has made the taxpayers aware of the New Rule 86(B) on 1% cash payment of the liability. Read the poster released on the same, here.

Posted in GST | 8043 Views

RBI releases Report on Trend and Progress of Banking in India 2019-20

30 December 2020 at 11:34

This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2019-20 and 2020-21 so far.

Posted in Others | 2511 Views

Income Tax Department clarifies on taxpayers having difficulty in receipt of Aadhaar based OTP

30 December 2020 at 11:34

Several 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.

Posted in Income Tax | 4 comments | 17895 Views

13,65,147 ITRs for AY 2020-21 have been filed on 29th December upto 8 PM

30 December 2020 at 11:34

The 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.

Posted in Income Tax | 1422 Views

CBIC cautions taxpayers on fake matrimonial alliances

30 December 2020 at 11:34

The 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.

Posted in Income Tax | 1701 Views

CBIC cautions taxpayers on paying duty in a personal bank account

30 December 2020 at 11:34

CBIC, 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.

Posted in Income Tax | 2118 Views

Quality Review Board releases Report on Audit Quality Review

30 December 2020 at 10:08

The Quality Review Board of India has released a Report on Audit Quality Review wherein, they have reviewed all the aspects of how an audit was performed in entities selected on a risk-based approach.

Posted in Audit | 2562 Views

Income Tax Department conducts searches in Delhi

30 December 2020 at 10:08

The 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.

Posted in Income Tax | 1629 Views