Income Tax News

CBDT issues refunds to more than 1.93 crore taxpayers between 1st April 2020 to 22nd February 2021

24 February 2021 at 17:53

Income tax refunds of Rs. 69,653 crore have been issued in 1,90,52,977 cases & corporate tax refunds of Rs. 1,26,083 crore have been issued in 2,17,399 cases.

Posted in Income Tax | 1263 Views

CBIC exempts certain classes of people from Aadhaar Authentication

24 February 2021 at 05:58

CBIC has exempted certain classes of people from Aadhar Authentication under the provisions of sub-section (6B) or sub-section (6C) of section 25 of the CGST Act.

Posted in Income Tax | 10983 Views

Procedure to be followed by National e-Assessment Centres

18 February 2021 at 05:29

The Central Board of Direct Taxes has laid down the assessment procedure to be followed by National E-Assessment Centres. Read the official notification and procedure released here.

Posted in Income Tax | 2121 Views

Faceless Assessment (1st Amendment) Scheme, 2021 Released

18 February 2021 at 05:25

The Central Board of Direct Taxes has further made amendments in the Faceless Assessment Scheme, 2019 and have released the Faceless Assessment (1st Amendment) Scheme, 2021.

Posted in Income Tax | 10203 Views

CBDT issues refunds to more than 1.90 crore taxpayers between 1st April 2020 and 15th February 2021

17 February 2021 at 16:16

Income tax refunds of Rs. 68,515 crore have been issued in 1,88,02,365 cases & corporate tax refunds of Rs. 1,24,939 crore have been issued in 2,16,064 cases.

Posted in Income Tax | 1014 Views

CBDT issues refunds to more than 1.87 crore taxpayers between 1st April 2020 to 8th Feb 2021

11 February 2021 at 05:33

Income tax refunds of Rs. 67,334 crore have been issued in 1,84,45,638 cases & corporate tax refunds of Rs. 1,23,680 crore have been issued in 2,14,935 cases.

Posted in Income Tax | 1374 Views

ITAT holds its first bench at Jammu ICAI Premises

06 February 2021 at 05:50

ICAI had entered into an MOU with ITAT whereby ICAI extended the facility of using ICAI infrastructure for conducting camp hearings of ITAT as and when required at ICAI branches & offices across the country including Srinagar & Ladakh.

Posted in Income Tax | 1428 Views

CBDT issues refunds to more than 1.81 crore taxpayers between 1st April 20 to 1st Feb 21

04 February 2021 at 10:16

Income tax refunds of Rs. 64,966 crore have been issued in 1,78,62,798 cases & corporate tax refunds of Rs. 1,20,443 crore have been issued in 2,13,387 cases.

Posted in Income Tax | 1206 Views

CBDT extends the date for filing of declarations under the Vivad se Vishwas scheme to 28th Feb 21

01 February 2021 at 12:13

The Central Board of Direct Taxes has extended the last date for filing declarations under the Vivad se Vishwas Act, 2020 to 28th February 2021.

Posted in Income Tax | 2298 Views

ICAI extends Condonation Scheme to regularize UDINs to 28th February 2021

31 January 2021 at 23:52

It is being informed to the members that all the missed UDINs between the period 1st February 2019 to 31st January 2021 can now be generated up to 28th February 2021 and this be taken as an extension of the Condonation Scheme announced previously.

Posted in Income Tax | 9918 Views