Income Tax News
CBDT issues refunds to more than 15 lakh taxpayers between 1st April and 17th May, 2021
19 May 2021 at 19:06Income tax refunds of Rs. 7,458 crore have been issued in 14,98,488 cases & corporate tax refunds of Rs. 17,334 crore have been issued in 43,661 cases.
CBDT makes certain amendments vide Notification No. 47/2021
13 May 2021 at 22:30Tariff Notification No. 47/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
CBDT issues refunds to more than 13 lakh taxpayers between 1st April to 10th May, 2021
13 May 2021 at 05:29Income tax refunds of Rs. 5,575 crore have been issued in 12,71,401 cases & corporate tax refunds of Rs. 11,486 crore have been issued in 29,592 cases.
CBDT extends deadline for updating UDINs in all IT forms till 30th June 2021
12 May 2021 at 16:33The Central Board of Direct Taxes has given an extension for updating the Unique Document Identification Number generated from the ICAI portal in all the Income Tax Forms and Audit Reports uploaded at the e-filing portal, to 30th June 2021.
CBDT clarifies that no directive issued to hospitals for disclosing cash they receive
11 May 2021 at 22:07The news article published in Business Standard with the headline 'IT goes after hospitals over unaccounted cash' is unsubstantiated, clarifies Finance Ministry and CBDT.
CBDT provides relaxation in cash payments of more than Rs. 2 lakhs for hospitals providing COVID treatment
08 May 2021 at 00:20CBDT grants relaxation of monetary limit u/s 269ST for cash payment above Rs 2.00 lakhs to Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or similar other facilities providing Covid Treatment to patients during 1.4.2021 to 31.5.2021.
CBDT notifies amendments to the agricultural extension project
07 May 2021 at 06:02Central Board of Direct Taxes notifies amendments to the agricultural extension project
CBDT determines rate of exchange of conversion of foreign currencies w.e.f 7th May 2021
06 May 2021 at 19:52CBDT determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, come into effect from 7th May, 2021
CBDT exempts Cash Allowance up to Rs. 36000 received by an employee u/s 10(5) of the Income Tax Act
06 May 2021 at 05:52A new LTC Cash Voucher Scheme has been notified by the concerned authorities under which Cash Allowance up to Rs. 36000 received by an employee u/s 10(5) of the Income Tax Act is exempt from the AY beginning 1st April 2021.
CBDT issues refunds to more than 11.73 lakh taxpayers between 1st April 2021 and 3rd May 2021
05 May 2021 at 14:06Income tax refunds of Rs. 5,047 crore have been issued in 11,51,408 cases & corporate tax refunds of Rs. 10,392 crore have been issued in 21,487 cases.
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