Income Tax News


Gujarat HC rejects writ application for an extension in the due dates of TAR/ITR

   14 January 2021 at 21:57

The Gujarat High Court has rejected the writ application filed against the order under Section 119 of the Income Tax Act, 1961 dated 11th January 2021 declining to extend the time limit any further.

Posted in Income Tax |   2208 Views


CBIC bars its officers from attending private seminars and webinars

   14 January 2021 at 14:14

The Central Board of Indirect Taxes and Customs (CBIC) has barred its officers from attending seminars, webinars or conferences organised by non-government agencies unless permitted by the revenue secretary.

Posted in Income Tax |   2001 Views


CBDT issues refunds of over Rs. 1,73,139 crore to more than 1.57 crore taxpayers between 1st April 2020 to 11th January 2021

   14 January 2021 at 06:50

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 11th January 2021. Know the amount of total refund and its bifurcation here.

Posted in Income Tax |   1443 Views


CBIC releases HSN Code for Goods and Services effective from April 01, 2021

   13 January 2021 at 08:39

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released a poster, making the general public aware of the HSN Code for Goods and Services w.e.f 1st April 2021.

Posted in Income Tax  1 comments |   4842 Views


Income Tax Department releases Corrigendum to order which clarified no further extension

   13 January 2021 at 08:39

The Income Tax Department has released a Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021 which clarified that no further extension shall be made in due dates compliances of the Income Tax Act.

Posted in Income Tax |   2448 Views


CBDT releases the Faceless Penalty Scheme, 2021

   13 January 2021 at 08:39

The penalty under this Scheme shall be imposed in respect of such territorial area, or persons or class of persons, or income or class of income or cases or class of cases, or penalties or class of penalties as may be specified by the Board.

Posted in Income Tax |   15609 Views


CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets

   13 January 2021 at 08:33

The public can now file a Tax Evasion Petition through a link on the e-filing website of the Department under the head “File complaint of tax evasion/undisclosed foreign asset/ benami property”.

Posted in Income Tax  4 comments |   7929 Views


Income tax department shares due date extensions of other countries while clarifying that no further extension will be made

   12 January 2021 at 13:23

The Income Tax Department, on 11th January 2021 clarified that no further extension shall be given for Income Tax Returns and Tax Audit Reports. In this regard, they compared the due date extensions of other countries.

Posted in Income Tax  14 comments |   21768 Views


No Further Extensions in the Due Date for Filing Income Tax Returns and Tax Audit Reports, says CBDT

   11 January 2021 at 23:27

CBDT clarifies that there will be no further extensions in the due date for filing Income Tax Returns and Tax Audit Reports.

Posted in Income Tax |   19323 Views


E-Filing website to go under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM

   11 January 2021 at 14:54

The Income Tax Department, via their official Twitter handle, has made an announcement stating that the E-Filing Portal will be going under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM.

Posted in Income Tax |   2157 Views



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