Income Tax News

CBIC cautions taxpayers regarding Social Media Friends

26 December 2020 at 10:44

The Central Board of Indirect Taxes and Customs, via their Official Twitter Handle, has cautioned the taxpayers to beware of Social Media Friends and that the department never calls or send messages for paying duty in a personal bank account.

Posted in Income Tax | 2151 Views

7,63,832 ITRs for AY 2020-21 have been filed on 25th December up to 9 PM

26 December 2020 at 10:22

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. The due date for filing Income Tax Return for AY 19-20 is 31st December 2020.

Posted in Income Tax | 2355 Views

CBDT issues refunds of over Rs. 1,50,863 crore to more than 1.18 crore taxpayers between 1st April 2020 to 20th December 2020

23 December 2020 at 19:33

Income tax refunds of Rs. 47,608 crore have been issued in 1,16,07,299 cases & corporate tax refunds of Rs. 1,03,255 crore have been issued in 2,01,796 cases.

Posted in Income Tax | 1395 Views

3.75 crore Income Tax Returns for AY 2020-21 filed till 21st Dec 2020

22 December 2020 at 13:28

The Central Board of Direct Taxes has notified that the total Income Tax Returns filed till 21st December 2020 for AY 2020-21, is 3.75 crores. Read the ITR-Wise break-up of the figure here.

Posted in Income Tax | 2637 Views

QRMP Scheme - Escalating Growth of Taxpayers by Limiting Tax Compliance Burden

22 December 2020 at 10:27

Know how the Quarterly Return Monthly Payment Scheme will escalate the growth of taxpayers by limiting the tax compliance burden, here.

Posted in Income Tax | 4806 Views

Income Tax Department cautions taxpayers on a fake link that promises to give a refund

21 December 2020 at 18:05

The Income Tax Department, via their official Twitter handle, cautioned the taxpayers of a fake link that has been circulating and is promising to give a refund.

Posted in Income Tax | 2502 Views

Income Tax Department introduces "Jhatpat Processing" for ITR 1 and 4

21 December 2020 at 18:05

The Income Tax Department has introduced "Jhatpat Processing" for easy filing and processing of ITRs. The process has started for ITR 1 and 4. Click the link below to file your return now!

Posted in Income Tax | 4290 Views

Income Tax Department releases E-Brochure on Vivad se Vishwas Scheme

21 December 2020 at 18:05

The Income Tax Department has released an E-Brochure on the Vivad se Vishwas Scheme, asking taxpayers to settle their income tax disputes by filing a declaration by 31.12.20.

Posted in Income Tax | 3855 Views

3.69 crore Income Tax Returns for AY 2020-21 filed till 20th Dec 2020

21 December 2020 at 14:29

The Central Board of Direct Taxes has notified that the total Income Tax Returns filed till 20th December 2020 for AY 2020-21, is 3.69 crores. Read the ITR-Wise break-up of the figure here.

Posted in Income Tax | 2055 Views