Income Tax News

CBIC makes changes in the Tariff Value of Certain Goods

02 January 2021 at 14:54

Tariff Notification No. 117/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

Posted in Income Tax | 1851 Views

IT Department conducts searches in Kolkata resulting in unearthing of incriminating evidences

02 January 2021 at 14:54

The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains, etc.

Posted in Income Tax | 1440 Views

Income Tax - E-Calendar 2021

02 January 2021 at 12:35

The Income Tax Department has released the E-Calendar 2021 for Income Tax. This calendar showcases a glimpse of India's growth, through the lens of taxation.

Posted in Income Tax | 7104 Views

CBDT, on The Recommendation of ICAI, Extends the Last Date for Updating UDIN in all Income Tax Forms to 15th February 2021

02 January 2021 at 10:34

The Central Board of Direct Taxes, on the recommendation of the Institute of Chartered Accountants of India, has extended the last date for updating UDIN in all Income Tax Forms to 15th February 2021, for treating these forms as valid.

Posted in Income Tax | 16221 Views

2,44,081 ITRs for AY 2020-21 have been filed on 1st January 2021 upto 8 PM

02 January 2021 at 10:34

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 1st January 2021 here.

Posted in Income Tax | 990 Views

16,66,548 ITRs for AY 2020-21 have been filed on 30th December up to 8 PM

31 December 2020 at 10:34

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 30th December here.

Posted in Income Tax | 1344 Views

CBIC cautions taxpayers regarding Fraudulent Calls, SMS, and Emails

31 December 2020 at 10:34

CBIC, via their official Twitter handle, has bewared the taxpayers on not falling prey to fraudulent calls, SMS or emails, and has clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.

Posted in Income Tax | 1674 Views

New Due Dates for Income Tax Returns, Tax Audit Reports and GST Compliances

30 December 2020 at 18:52

The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. The extended due dates are mentioned here.

Posted in Income Tax | 11 comments | 31869 Views

Government Extends Due Date for Filing Income Tax Returns, Tax Audit Reports and GST Compliances

30 December 2020 at 18:12

In view of the COVID-19 pandemic and the large scale disruption caused as a consequence of it, the Finance Ministry has decided to extend the due dates for Income Tax Returns, Tax Audit Report, and GST Compliances. Check out the extended due dates here.

Posted in Income Tax | 35 comments | 93135 Views

CBIC makes amendments in the Exchange Rate of Turkish Lira

30 December 2020 at 17:13

The Central Board of Indirect Taxes and Customs has made an announcement regarding the change in the Exchange Rate of Turkish Lira. Read the official announcement here.

Posted in Income Tax | 2025 Views