Income Tax News

CBDT issues further clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020

23 April 2020 at 12:59

CBDT issues further clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020

Posted in Income Tax | 1 comments | 4074 Views

Taxpayers to respond to reminder mail at earliest to receive refund: CBDT

22 April 2020 at 10:51

The department took to Twitter and tweeted that such reminder emails are to make sure that there is nothing pending from the taxpayer's side.

Posted in Income Tax | 1 comments | 6129 Views

E-mails for facilitating faster refund can not be misconstrued as harassment: CBDT

22 April 2020 at 10:51

E-mails for facilitating faster refund can not be misconstrued as harassment: CBDT

Posted in Income Tax | 3684 Views

CBDT to revise ITR forms for FY 2019-20 due to COVID-19

19 April 2020 at 18:46

CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19Posted On: 19 APR 2020 3:41PM by PIB DelhiIn order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Gov

Posted in Income Tax | 2 comments | 17763 Views

Over 10.2 lakh Income Tax Refunds worth Rs 4,250 crore issued in a week by CBDT

16 April 2020 at 11:41

Over 10.2 lakh Refunds worth Rs 4,250 crore issued in a week by CBDT to help taxpayers in COVID-19 pandemic situation

Posted in Income Tax | 4635 Views

Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge

14 April 2020 at 12:01

Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge

Posted in Income Tax | 2 comments | 13500 Views

Employee to intimate employer to opt for new concessional rates for TDS purpose: CBDT

13 April 2020 at 22:24

The Income Tax Department issued a clarification regarding the process of exercising of option by a taxpayer with regard to deduction of TDS at source if he/she opts for concessional rates as per section 115BAC of the Income Tax Act, 1961. Employee t

Posted in Income Tax | 4539 Views

CBDT provides clarification on issue of TDS certificates for lower/nil rates

10 April 2020 at 10:34

CBDT provides clarification on issue of TDS certificates for lower/nil rates

Posted in Income Tax | 7935 Views

COVID-19: No basic custom duty on Ventilators, COVID Test Kits and masks

10 April 2020 at 10:34

COVID-19: No basic custom duty on Ventilators, COVID Test Kits and masks

Posted in Income Tax | 3246 Views

Date for making investments to claim Income Tax deductions extended to 30th June

31 March 2020 at 22:55

In the view of the outbreak of COVID-19 the FM had announced various relief measures regarding statutory compliance related to Income Tax and GST. The FM passed an ordinance to give effect to these measures on the 31st of March 2020. Taxpayers had co

Posted in Income Tax | 1 comments | 15588 Views