CAclubindia News


Government Extends Due Date for Filing Income Tax Returns, Tax Audit Reports and GST Compliances

   30 December 2020 at 18:12

In 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.

Posted in Income Tax  35 comments |   93126 Views


Students appearing in CSEET to be held on 9th January 2021 are compulsorily required to download SEB software

   30 December 2020 at 17:13

The Institute of Company Secretaries of India has made an announcement that students appearing in CSEET to be held on 9th January 2021 are compulsorily required to download the Safe Exam Browser Software.

Posted in Students |   1509 Views


CBIC makes amendments in the Exchange Rate of Turkish Lira

   30 December 2020 at 17:13

The 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.

Posted in Income Tax |   2019 Views


Income Tax Department reminds taxpayers to file ITR amidst request for due date extension

   30 December 2020 at 15:19

The due date for taxpayers not requiring audit is 31st December 2020 and for those requiring audit is 31st January 2021. File your return now.

Posted in Income Tax |   5040 Views


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 |   1440 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 |   8046 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 |   2514 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 |   1704 Views