Income Tax News


CBIC issues Clarification regarding requirement of filing of Bill of Coastal Goods

   18 January 2021 at 08:32

The Central Board of Indirect Taxes and Customs issued clarification regarding requirement of Filing of bill of Coastal Goods

Posted in Income Tax |   2592 Views


CBDT clarifies the amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961

   16 January 2021 at 08:35

The Central Board of Direct Taxes has clarified the amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961.

Posted in Income Tax |   18006 Views


All India Protest Call by Western Maharashtra Tax Association

   14 January 2021 at 21:57

The Western Maharashtra Tax Practitioner's Association has called for an All India Protest on 29th January 2021 against the rigid approach of the Central Government, in not extending the due dates for filing GST Returns

Posted in Income Tax  17 comments |   13584 Views


Gujarat HC rejects writ application for an extension in the due dates of TAR/ITR

   14 January 2021 at 21:57

The Gujarat High Court has rejected the writ application filed against the order under Section 119 of the Income Tax Act, 1961 dated 11th January 2021 declining to extend the time limit any further.

Posted in Income Tax |   2223 Views


CBIC bars its officers from attending private seminars and webinars

   14 January 2021 at 14:14

The Central Board of Indirect Taxes and Customs (CBIC) has barred its officers from attending seminars, webinars or conferences organised by non-government agencies unless permitted by the revenue secretary.

Posted in Income Tax |   2010 Views


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

   14 January 2021 at 06:50

The Income Tax Department, via their official Twitter handle, has released the figures of Income Tax Refunds made between 1st April 2020 and 11th January 2021. Know the amount of total refund and its bifurcation here.

Posted in Income Tax |   1449 Views


CBIC releases HSN Code for Goods and Services effective from April 01, 2021

   13 January 2021 at 08:39

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released a poster, making the general public aware of the HSN Code for Goods and Services w.e.f 1st April 2021.

Posted in Income Tax  1 comments |   4848 Views


Income Tax Department releases Corrigendum to order which clarified no further extension

   13 January 2021 at 08:39

The Income Tax Department has released a Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021 which clarified that no further extension shall be made in due dates compliances of the Income Tax Act.

Posted in Income Tax |   2451 Views


CBDT releases the Faceless Penalty Scheme, 2021

   13 January 2021 at 08:39

The penalty under this Scheme shall be imposed in respect of such territorial area, or persons or class of persons, or income or class of income or cases or class of cases, or penalties or class of penalties as may be specified by the Board.

Posted in Income Tax |   15615 Views


CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets

   13 January 2021 at 08:33

The public can now file a Tax Evasion Petition through a link on the e-filing website of the Department under the head “File complaint of tax evasion/undisclosed foreign asset/ benami property”.

Posted in Income Tax  4 comments |   7935 Views



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