CAclubindia News

e-Filing portal of the Income Tax Department - Updates

09 September 2021 at 05:46

It is encouraging to note that over 94.88 lakh ITRs have also been e-verified, which is necessary for processing by the Centralized Processing Center. Of this, 7.07 lakh ITRs have been processed.

Posted in Income Tax | 19 comments | 17604 Views

Cabinet approves MoU between ICAI and CAAR

08 September 2021 at 19:55

This MoU will lead to focus attention towards the exchange of knowledge and strengthen best practices in both jurisdictions including the application of new innovative methods and technologies in the field of accountancy.

Posted in Professional Resource | 1974 Views

Students converted from earlier scheme to revised scheme from July 21 to August 20, 2021 allowed to appear in Old/New scheme in Nov 21 CA Exams

08 September 2021 at 11:52

ICAI has announced that students who have converted from earlier scheme to revised scheme from July 21, 2021, to August 20, 2021, are allowed to appear in the Old/New scheme Inter and Final (Old/New) in November 2021 examinations.

Posted in Students | 5 comments | 4773 Views

CBDT amends IT Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings

08 September 2021 at 05:49

Persons who are mandatorily required to authenticate electronic records by digital signature shall be deemed to have authenticated the electronic records when they submit the record through their registered account in the Income-tax Department's portal.

Posted in Income Tax | 4851 Views

CBDT allows taxpayers an opportunity to file application for settlement

08 September 2021 at 05:49

In order to provide relief to the taxpayers who were eligible to file applications as on 31.01.2021, but could not file the same, it has been decided that applications for settlement can be filed by the taxpayers by 30th September 2021.

Posted in Income Tax | 5577 Views

[FAKE] Pay Rs 12,500 and get Rs 4 crores 62 lakhs in Return

07 September 2021 at 05:52

"Pay Rs 12,500 and get Rs 4 crores 62 lakhs in return!" - Well, some things are just too good to be true. Fraudsters impersonate Government organisations to dupe people of money.

Posted in Others | 1983 Views

CBDT inserts new Rule 26D - Furnishing of Declaration and Evidence of Claims by Specified Senior Citizen u/s 194P

07 September 2021 at 05:51

CBDT has released the IT (26th Amendment) Rules, 2021. Under the amended rules, CBDT has inserted a new Rule 26D after rule 26C which lays down the provisions for Furnishing of Declaration and Evidence of Claims by Specified Senior Citizen u/s 194P.

Posted in Income Tax | 6777 Views

FM Nirmala Sitharaman lays foundation stone for office building of IT Department in Bengaluru

05 September 2021 at 17:57

Smt. Nirmala Sitharaman, Hon'ble Union Minister of Finance and Corporate Affairs laid foundation stone on 5th September, 2021 for office building of Income Tax Department at plot No. 4, 5 and 6, Infantry Road, Bengaluru.

Posted in Income Tax | 2325 Views

CBDT issues refunds to more than 23.99 lakh taxpayers between 1st April to 30th August 2021

04 September 2021 at 12:43

Income tax refunds of Rs. 16,373 crore have been issued in 22,61,918 cases & corporate tax refunds of Rs. 51,029 crore have been issued in 1,37,327 cases.

Posted in Income Tax | 1431 Views

FM Nirmala Sitharaman chairs 24th meeting of Financial Stability and Development Council

04 September 2021 at 06:03

The meeting deliberated on the various mandates of the FSDC, viz., Financial Stability, Financial Sector Development, Inter-regulatory Coordination, Financial Literacy, Financial Inclusion, and Macro prudential supervision of the economy etc.

Posted in Others | 1131 Views