The Income Department is attending all the VsVS related matters with utmost priority and it is requested that the taxpayers come forward and avail the scheme.
The Bombay Chartered Accountants' Society has made a representation to the CPC on several hardships caused to the taxpayers and their suggestions for the same.
The Central Board of Indirect Taxes and Customs has announced the Revised Exchange Rates relating to the import and export of goods w.e.f 18th December 2020.
Overall, there is a detection of Rs. 700 crores of unaccounted income and a seizure of Rs. 21 crores of unaccounted cash as a result of this search.
Request for extension of Due date for filing Income Tax Return of AY 2019-20 & AY 2020-21 and for filing of Audit Report under various provisions of the Income Tax Act, 1961 for Assessment Year 2020-21
Instructions to the Income Tax Return Forms (ITR 1 to ITR 7) for A.Y. 2020-21 released by the Central Board of Direct taxes.
The Income Tax Department carried out search and seizure operations on 13.12.2020 in the case of a Chandigarh based listed pharmaceutical company and its associated concerns.
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
Taxpayers may furnish their feedback/ grievance on the said email id, which will be closely monitored by a team of officials at the National e-Assessment Centre.
The Central Board of Indirect Taxes has waived the recording of UIN on the invoices, for the months of April 2020 to March 2021.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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