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Income Tax News


Income Tax Department releases a calendar to make the tax journey of taxpayers easier

   04 January 2021 at 11:26

The Income Tax Department has released a calendar in order to make the tax journey of taxpayers easier. This has been done as part of the Income Tax Department's ‘Transparent Taxation- Honoring The Honest’ initiative wherein, taxes are made untaxing.

Posted in Income Tax |   8613 Views


CBIC eases the accreditation requirements for MSMEs AEO T1 & T2 certification

   04 January 2021 at 11:26

The Central Board of Indirect Taxes and Customs has eased the accreditation requirements for MSMEs AEO T1 & T2 certification, which further offers them 9 exclusive benefits.

Posted in Income Tax |   2256 Views


CBIC explains about the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme

   04 January 2021 at 11:26

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released a poster, explaining the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, which is made applicable w.e.f 1st January 2021 onwards.

Posted in Income Tax |   2004 Views


Income Tax Department requests taxpayers to use the latest Income Tax Utilities to avoid interest/fee u/s 234F/234A

   04 January 2021 at 11:26

The Income Tax Department, via their official Twitter handle, has asked the taxpayers and professionals to use the latest income tax utilities, which have been available w.e.f 1st January 2021 to avoid interest/fee u/s 234F/234A

Posted in Income Tax |   2094 Views


Updated ITR Utilities now available for download on the e-Filing Portal

   04 January 2021 at 10:02

CBDT has extended the due date for filing Income Tax Returns for the Assessment Year 2020-21. Accordingly, the ITRs are modified to update the 234A interest & 234F Fee calculation and the same is available for download.  

Posted in Income Tax |   1416 Views


1,70,838 ITRs for AY 2020-21 have been filed on 2nd January upto 2 PM

   02 January 2021 at 17:55

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 2nd January 2021 here.

Posted in Income Tax |   1224 Views


CBIC requests taxpayers to tag @Infosys_GSTN on Twitter for System/IT Related Issue

   02 January 2021 at 17:44

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has requested the taxpayers to tag @Infosys_GSTN in their tweets related to all System/IT issues for redressal of grievances.

Posted in Income Tax |   1908 Views


CBIC makes changes in the Tariff Value of Certain Goods

   02 January 2021 at 14:54

Tariff Notification No. 117/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

Posted in Income Tax |   1773 Views


IT Department conducts searches in Kolkata resulting in unearthing of incriminating evidences

   02 January 2021 at 14:54

The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains, etc.

Posted in Income Tax |   1392 Views


Income Tax - E-Calendar 2021

   02 January 2021 at 12:35

The Income Tax Department has released the E-Calendar 2021 for Income Tax. This calendar showcases a glimpse of India's growth, through the lens of taxation.

Posted in Income Tax |   7080 Views