Income Tax News

IT Department rolls out a dedicated Email ID to register feedback on the Faceless Assessment Scheme

17 December 2020 at 10:07

Taxpayers may furnish their feedback/ grievance on the said email id, which will be closely monitored by a team of officials at the National e-Assessment Centre.

Posted in Income Tax | 2283 Views

CBIC waives the recording of UIN on the invoices, for the months of April 2020 to March 2021

16 December 2020 at 13:03

The Central Board of Indirect Taxes has waived the recording of UIN on the invoices, for the months of April 2020 to March 2021.

Posted in Income Tax | 3018 Views

CBDT informs regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through Direct Benefit Transfer Scheme

16 December 2020 at 10:27

The Central Board of Direct Taxes informs regarding income-tax assessees for identifying the eligible beneficiaries for transfer of financial assistance through the Direct Benefit Transfer Scheme.

Posted in Income Tax | 1269 Views

CBIC makes amendments in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

16 December 2020 at 10:27

The Central Board of Indirect Taxes and Customs has made amendments in the Notification No. 36/2001-Customs (N.T.), dated the 3rd August 2001.

Posted in Income Tax | 1464 Views

One Time Relaxation to update UDIN has been enabled by CBDT

15 December 2020 at 18:22

A One time relaxation to update UDIN has been enabled. Kindly update the UDIN before 31st December 2020 of audit report/certificates to avoid invalidation.

Posted in Income Tax | 1 comments | 14175 Views

Income Tax Department conducts searches in Pune Region

15 December 2020 at 18:21

The search and survey actions were carried out at 29 locations in Panvel and Vashi. Total unaccounted income of the group, detected, so far, is Rs. 163 crores.

Posted in Income Tax | 1323 Views

CBIC extends the time limit for completion or compliance of any action, by any authority, for anti-profiteering proceedings under Section 171 to 30th/31st March 2021

15 December 2020 at 12:52

The Central Board of Indirect Taxes has extended the time limit for completion or compliance of any action, by any authority, for anti-profiteering proceedings under Section 171 to 30th/31st March 2021.

Posted in Income Tax | 1 comments | 6144 Views

CBIC further makes changes in the notification of the Finance Ministry No. 63/1994-Customs (N.T.) dated the 21st November 1994

12 December 2020 at 10:30

CBIC, on 11th December 2020 has further made changes in the notification of the Finance Ministry No. 63/1994-Customs (N.T.) dated the 21st November 1994.

Posted in Income Tax | 4371 Views

CBDT issues refunds of over Rs. 1,45,619 crores to more than 89.29 lakh taxpayers between 1st April 2020 to 8th December 2020

09 December 2020 at 17:11

Income tax refunds of Rs. 43,274 crore have been issued in 87,29,626 cases &corporate tax refunds of Rs. 1,02,345 crore have been issued in 1,99,554 cases

Posted in Income Tax | 1620 Views

Income Tax Department conducts searches in Odisha

08 December 2020 at 17:47

The Income Tax Department has carried out search and seizure operations on 03/12/2020 in the case of a Group involved in the manufacturing and trading of steel products having premises in and around Rourkela, Odisha.

Posted in Income Tax | 3624 Views