Income Tax News

CBDT releases new Form 10BBA to relax provisions for Pension Fund to avail exemption

17 April 2021 at 05:08

The Central Board of Direct Taxes has released the Income-tax (10th Amendment) Rules, 2021 to further amend the Income-tax Rules, 1962.

Posted in Income Tax | 2022 Views

ITR-1 and ITR-4 forms for AY 2021-22 | Offline Utility Guide

05 April 2021 at 05:17

Steps to Download and install Offline Utility and fill the forms ITR-1 & ITR-4 for the AY 2021-22 have been listed in this news piece.

Posted in Income Tax | 11763 Views

CBDT releases JSON utility for forms ITR-1 and ITR-4 for AY 2021-22

03 April 2021 at 22:07

CBDT releases the new ITR 1 and ITR 4 forms for the AY 2021-22 in the JSON utility. Instructions for the usage of these offline utilities have been listed here...

Posted in Income Tax | 6633 Views

CBDT makes amendments in Rule 6G vide Income-tax (eighth Amendment) Rules, 2021

02 April 2021 at 05:45

The Central Board of Direct Taxes have released the Income Tax (Eighth Amendment) Rules, 2021, in order to further amend the Income Tax Rules, 1962 and, have added a sub rule (3) after rule 6G of the Rules.

Posted in Income Tax | 16791 Views

CBDT expands authorities of Director of Income Tax (Centralized Processing Centre), Bengaluru and Commissioner of Income-Tax (Exemption), Bengaluru

02 April 2021 at 05:40

The Central Board of Direct Taxes has expanded the authorities of Director of Income Tax (Centralized Processing Centre), Bengaluru and Commissioner of Income-Tax (Exemption), Bengaluru under provisions of the Income Tax Rules, 1962.

Posted in Income Tax | 2 comments | 1710 Views

CBDT notifies New Income Tax Return Forms for AY 2021-22

01 April 2021 at 22:04

The Central Board of Direct Taxes has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2021-22 vide Notification no.21/2021 in G.S.R. 242(E) dated 31.03.2021.

Posted in Income Tax | 2 comments | 9357 Views

CBDT issues refunds of more than Rs. 2.62 lakh crore upto 31st March 2021

01 April 2021 at 19:03

Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs. 2.62 lakh crore to more than 2.38 crore taxpayers from 1st April, 2020 to 31st March, 2021.

Posted in Income Tax | 888 Views

Govt backtracks on notification to slash interest rates on small savings

01 April 2021 at 10:52

Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.

Posted in Income Tax | 1515 Views

CBDT | Faceless Appeal (Amendment) Scheme, 2021

01 April 2021 at 05:54

The Central Board of Direct Taxes has released the Faceless Appeal (Amendment) Scheme, 2021 in order to further amend the Faceless Appeal Scheme, 2020.

Posted in Income Tax | 2295 Views

CBDT issues refunds to more than 2.37 crore taxpayers between 1st April, 2020 to 29th March, 2021

31 March 2021 at 22:14

Income tax refunds of Rs. 85,012 crore have been issued in 2,33,78,418 cases & corporate tax refunds of Rs. 1,39,817 crore have been issued in 2,85,438 cases.

Posted in Income Tax | 972 Views