CBDT

Circular No. 1 of 2021  F. No. /370142/212021-TPL  Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes  (Tax Policy and Legislation Division)  ******  New Delhi 15th January, 2021  Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961  Finance (No 2) Act, 2019, inter alga, amended clause (m) of sub-section (3) of section 9A of the Income-tax Act, 1961 (the Ac..

  CBDT issues refunds of over Rs. 1,73,139 crore to more than 1.57 crore taxpayers between 1st April, 2020 to 11th January,2021. Income tax refunds of Rs. 57,139 crore have been issued in 1,54,55,577cases & corporate tax refunds of Rs. 1,15,999 crore have been issued in 2,10,150 cases ..

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th January, 2021 (INCOME-TAX) S.O. 118(E).—In exercise of the powers conferred by sub-section (2A) of section 274 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely: 1. Short title and commencement.– (1) This Scheme may be called the Faceless Penalty Scheme, 2021. (2) It shall come into force on the date of it..

Taking another step towards e-governance and encouraging participation of citizen as stakeholders in curbing tax evasion, the Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding benami properties. The public can now file a Tax Evasion Petition through a link on the e-filing website of the Department https://www.incom..

  CBDT issues refunds of over Rs. 1,64,016 crore to more than 1.41 crore taxpayers between 1st April,2020 to 04th January, 2021.Income tax refunds of Rs. 53,070 crore have been issued in 1,38,85,044 cases &corporate tax refunds of Rs. 1,10,946 crore have been issued in 2,06,847 cases ..

UDIN Directorate The Institute of Chartered Accountants of India 1st January, 2021 Update UDINs in all Income Tax Forms Members are aware that CBDT is validating UDIN while uploading of Tax Audit and other Income Tax Reports as per their Press release, else the forms will become null and void. We have been given to understand that UDINs for certain IT Forms which have been uploaded on e-filing Portal by the Members during 27th April 2020 to 26th Nov., 202..

  CBDT issues refunds of over Rs. 1,56,624 crore to more than 1.33 crore taxpayers between 1st April,2020 to 27th December,2020. Income tax refunds of Rs. 50,554 crore have been issued in 1,31,11,050 cases & corporate tax refunds of Rs. 1,06,069 crore have been issued in 2,03,334 cases ..

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th December, 2020 S.O. 4684(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Yamuna Expressway Industrial Development Authority’, (PAN AAALT0341D), an authority constituted by the State Government of Uttar Pradesh, in respect of t..

Central Board of Direct Taxes Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Checklist to Avoid Mistakes in Filing ITR 7 for AY 2020-21 S. N. Exem-ption claimed under section Return furn-ished section Registr-ation / Approval under section Regist-ration Details Compulsory Appli-cable income Sche-dules to be f..

CBDT issues refunds of over Rs. 1,48,274crore to more than 1.02crore taxpayers between 1st April,2020 to 14th December,2020. Income tax refunds of Rs. 45,264crore have been issued in 1,00,02,982 cases & corporate tax refunds of Rs. 1,03,010 crore have been issued in 2,00,854 cases ..

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th December, 2020 S.O. 4545(E).— In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Incometax Act, 1961, the Central Government hereby specifies Secretary, Citizen Resources Information Department, Government of Haryana, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying..

A One time relaxation to update UDIN has been enabled. Kindly update the UDIN before 31st December, 2020 of audit report/certificates to avoid invalidation ..