Income Tax News

Income Tax Refunds worth Rs 26,242 crore issued since 1st April 2020 says CBDT

23 May 2020 at 10:15

Income Tax Refunds worth Rs 26,242 crore issued since 1st April 2020 says CBDT

Posted in Income Tax | 2 comments | 4065 Views

CBDT gives clarification on mandatory e-payments u/s 269SU

21 May 2020 at 12:40

CBDT gives clarification on e-payment facilities u/s 269SU

Posted in Income Tax | 7617 Views

New TDS/TCS rates reduced by 25% w.e.f 14/05/2020

14 May 2020 at 09:44

New TDS/TCS rates reduced by 25% wef 14/05/2020

Posted in Income Tax | 6 comments | 17562 Views

Due date to file Income Tax Return and Tax Audit extended for FY 2019-20

13 May 2020 at 17:57

FM announced the extension of the due date to file the Income Tax Return and Tax Audit for the Financial Year 2019-20 and reduction in the TDS and TCS rates by 25% for the period 14/05/2020 to 31/03/2021.

Posted in Income Tax | 15 comments | 40317 Views

CBDT gives clarification on residential status of individuals stuck in India due to COVID-19 outbreak

09 May 2020 at 15:29

Clarification in respect of residency under section 6 of the Income-tax Act, 1961Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to residency of a person. The status of an individual as to whether he is resident in India

Posted in Income Tax | 7533 Views

CBDT defers new registration procedure of trusts and charitable Institutions to October

09 May 2020 at 15:29

New procedure for registration, approval, etc. of certain entities deferred to 1st October, 2020

Posted in Income Tax | 3288 Views

CBDT amends rule 44G to invoke mutual agreement procedure

08 May 2020 at 11:47

CBDT amends rule 44G to invoke mutual agreement procedure

Posted in Income Tax | 5532 Views

CBDT defers GST, GAAR reporting in Tax Audit Report till 31st March, 2021

28 April 2020 at 11:51

CBDT defers GST, GAAR reporting in Tax Audit Report till 31st March, 2021

Posted in Income Tax | 15630 Views

Government clarifies on fake news regarding Act to have 18% income deposited by all tax payers

27 April 2020 at 10:39

A fake message was being circulated on Whatsapp that in the wake of the outbreak of Coronavirus the government will enact the Compulsory Deposit Act under which the taxpayers will be asked to deposit 18% to the government.

Posted in Income Tax | 5811 Views