Income Tax News

CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers

27 January 2021 at 19:11

Income tax refunds of Rs. 62,231 crore have been issued in 1,71,77,174 cases & corporate tax refunds of Rs. 1,19,105 crore have been issued in 2,12,506 cases.

Posted in Income Tax | 1155 Views

CBDT issues refunds to more than 1.65 crore taxpayers between 1st April, 2020 to 18th Jan, 2021

21 January 2021 at 10:38

An amount of more than Rs. 1,76,217 crore refunded to more than 1.65 Crore taxpayers between 1st April, 2020 to 18th January, 2021 reports The Central Board of Direct Taxes(CBDT).

Posted in Income Tax | 1 comments | 3069 Views

CBIC issues Clarification regarding requirement of filing of Bill of Coastal Goods

18 January 2021 at 08:32

The Central Board of Indirect Taxes and Customs issued clarification regarding requirement of Filing of bill of Coastal Goods

Posted in Income Tax | 2589 Views

CBDT clarifies the amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961

16 January 2021 at 08:35

The Central Board of Direct Taxes has clarified the amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961.

Posted in Income Tax | 18006 Views

All India Protest Call by Western Maharashtra Tax Association

14 January 2021 at 21:57

The Western Maharashtra Tax Practitioner's Association has called for an All India Protest on 29th January 2021 against the rigid approach of the Central Government, in not extending the due dates for filing GST Returns

Posted in Income Tax | 17 comments | 13584 Views

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 | 2211 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 | 2004 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 | 1449 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 | 4848 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 | 2451 Views