Income Tax News


CBDT issues clarification in respect of Residency under the IT Act, 1961

   03 March 2021 at 22:48

Vide Circular No.2 of 2021, it has been provided that if any individual is facing double taxation even after taking into account the relief provided by the relevant DTAA, he/she may furnish the specified information by 31st March, 2021.

Posted in Income Tax |   12927 Views


CBDT issues refunds of over Rs. 1,98,106 crore between 1st April, 2020 to 28th February, 2021

   03 March 2021 at 20:21

Income tax refunds of Rs. 70,572 crore have been issued in 1,92,45,556 cases & corporate tax refunds of Rs. 1,27,534 crore have been issued in 2,19,050 cases.

Posted in Income Tax |   1182 Views


IT Department conducts raid at the properties of film director Anurag Kashyap and actor Taapsee Pannu

   03 March 2021 at 14:19

The Income Tax Department today carried out raids at the properties of film director Anurag Kashyap, actor Taapsee Pannu and filmmaker Vikas Bahl.

Posted in Income Tax |   18954 Views


Cross border payments for use of software not taxable as royalty

   03 March 2021 at 12:13

The Supreme Court on 2nd March 2021 held that Indian Companies need not deduct tax for the amount they pay foreign manufacturers and suppliers for use or re-sale of computer software through end-user license agreements (EULA).

Posted in Income Tax |   2688 Views


Shri P.C. Mody, Chairman, CBDT inaugurates the Phase II - Mid-Career Training Programme of IRS Officers

   02 March 2021 at 05:29

Shri P.C. Mody, Chairman, CBDT inaugurates the Phase II - Mid-Career Training Programme of Indian Revenue Service Officers today.

Posted in Income Tax |   1332 Views


CBDT extends due dates under Income Tax (Penalty & Assessment / Re-assessment) for Dept officers

   27 February 2021 at 20:06

CBDT has extended various due dates of Assessment and Re-Assessment under the IT Act, together with due dates under the Benami Act for Department Officers

Posted in Income Tax |   20823 Views


CBDT further extends the date for filing of declarations under the Vivad Se Vishwas Act, 2020 to 31st March, 2021

   27 February 2021 at 05:29

The Central Board of Direct Taxes has further extended the due date for filing declarations under the Direct Tax Vivad se Vishwas Act 2020. Updated due dates together with the official notification has been listed here.

Posted in Income Tax |   22692 Views


Rates of TCS applicable for FY 2021-22 (AY 2022-23) by ICMAI

   26 February 2021 at 19:19

Rates of TCS applicable for Financial Year 2021-22 (Assessment Year 2022-23) has been listed here.

Posted in Income Tax  1 comments |   17343 Views


Learn how to Pre-Validate your bank account on the e-Filing portal of IT Department

   26 February 2021 at 05:21

Not received your Refund yet? Learn how to Pre-Validate your bank account on the e-Filing portal of the Income Tax Department.

Posted in Income Tax |   2148 Views


Rates of TDS applicable for FY 2021-22 (AY 2022-23) by ICMAI

   25 February 2021 at 22:59

Rates Of TDS Applicable as per the Income Tax Act for Financial Year 2021-22 (Assessment Year 2022-23) has been listed here.

Posted in Income Tax  1 comments |   4617 Views



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