Income Tax News

CBDT, on The Recommendation of ICAI, Extends the Last Date for Updating UDIN in all Income Tax Forms to 15th February 2021

02 January 2021 at 10:34

The Central Board of Direct Taxes, on the recommendation of the Institute of Chartered Accountants of India, has extended the last date for updating UDIN in all Income Tax Forms to 15th February 2021, for treating these forms as valid.

Posted in Income Tax | 16197 Views

2,44,081 ITRs for AY 2020-21 have been filed on 1st January 2021 upto 8 PM

02 January 2021 at 10:34

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 1st January 2021 here.

Posted in Income Tax | 963 Views

16,66,548 ITRs for AY 2020-21 have been filed on 30th December up to 8 PM

31 December 2020 at 10:34

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 30th December here.

Posted in Income Tax | 1299 Views

CBIC cautions taxpayers regarding Fraudulent Calls, SMS, and Emails

31 December 2020 at 10:34

CBIC, via their official Twitter handle, has bewared the taxpayers on not falling prey to fraudulent calls, SMS or emails, and has clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.

Posted in Income Tax | 1578 Views

New Due Dates for Income Tax Returns, Tax Audit Reports and GST Compliances

30 December 2020 at 18:52

The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. The extended due dates are mentioned here.

Posted in Income Tax | 11 comments | 31818 Views

Government Extends Due Date for Filing Income Tax Returns, Tax Audit Reports and GST Compliances

30 December 2020 at 18:12

In view of the COVID-19 pandemic and the large scale disruption caused as a consequence of it, the Finance Ministry has decided to extend the due dates for Income Tax Returns, Tax Audit Report, and GST Compliances. Check out the extended due dates here.

Posted in Income Tax | 35 comments | 93057 Views

CBIC makes amendments in the Exchange Rate of Turkish Lira

30 December 2020 at 17:13

The Central Board of Indirect Taxes and Customs has made an announcement regarding the change in the Exchange Rate of Turkish Lira. Read the official announcement here.

Posted in Income Tax | 1974 Views

Income Tax Department reminds taxpayers to file ITR amidst request for due date extension

30 December 2020 at 15:19

The due date for taxpayers not requiring audit is 31st December 2020 and for those requiring audit is 31st January 2021. File your return now.

Posted in Income Tax | 5001 Views

CBDT issues refunds of over Rs. 1,56,624 crores to more than 1.33 crores taxpayers between 1st April 2020 to 27th Dec 2020

30 December 2020 at 13:07

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.

Posted in Income Tax | 1413 Views

Income Tax Department clarifies on taxpayers having difficulty in receipt of Aadhaar based OTP

30 December 2020 at 11:34

Several taxpayers and professionals experienced difficulty in the receipt of Aadhaar based OTP on the Income Tax Portal while filing their Income Tax Return. In this regard, the department has issued a clarification.

Posted in Income Tax | 4 comments | 17862 Views