Income Tax News
No Further Extensions in the Due Date for Filing Income Tax Returns and Tax Audit Reports, says CBDT
11 January 2021 at 23:27CBDT clarifies that there will be no further extensions in the due date for filing Income Tax Returns and Tax Audit Reports.
E-Filing website to go under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM
11 January 2021 at 14:54The Income Tax Department, via their official Twitter handle, has made an announcement stating that the E-Filing Portal will be going under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM.
Income Tax Department requests taxpayers to give sufficient time before multiple submissions for Aadhaar OTP
11 January 2021 at 08:21The Income Tax Department has requested taxpayers to give sufficient time before multiple submissions for Aadhaar OTP. This is because of the new restrictions by UIDAI of a maximum of 5 OTP requests for a single Aadhaar within a span of 30 minutes.
IT Department conducts searches on 3 real estate & stock broking groups of Kolkata
09 January 2021 at 10:01The search action has resulted in the seizure of unaccounted cash of Rs. 3.02 crore and jewellery worth Rs. 72 lakh.
NSDL releases e-TDS/TCS Return Preparation Utility Ver. 3.5. Download now!
08 January 2021 at 17:53The National Securities Depository Limited has released the e-TDS/TCS Return Preparation Utility Ver 3.5 for Regular & Correct e-TDS/TCS.
CBIC releases updated rate of exchange of conversion w.e.f 8th January 2021
08 January 2021 at 10:49The Central Board of Indirect Taxes and Customs hereby determines the rate of exchange of conversion of each of the foreign currencies given w.e.f 8th January 2021.
FVU version 7.0 related changes have been enabled in e-filing portal
08 January 2021 at 08:29The Income Tax Department, via the e-filing portal has announced that they have released the File Validation Utility (FVU) 7.0 related changes on the portal.
CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs
08 January 2021 at 08:29In order to attract MSMEs to become Authorised Economic Operators (AEOs) and avail the various benefits, the CBIC has relaxed the compliance criteria provided the MSMEs have a valid certificate from their line-Ministry.
Letter of Resentment towards FMO's Approach on Direct-Indirect Taxes & Corporate Affairs by CAAS
07 January 2021 at 17:09The Chartered Accountants Association, Surat has written a representation letter to the Ministry of Finance stating their Resentment towards FMO's Approach on Direct-Indirect Taxes & Corporate Affairs.
Further Extension of Income Tax Returns and Tax Audit Reports requested by ICAI
07 January 2021 at 10:59The Direct Tax Committee of ICAI has further requested the Ministry of Finance to extend the due dates for various Income Tax Returns and Tax Audit Reports to 31st March 2021, including various TDS and TCS Compliances.
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