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Income Tax News


CBDT extends the date for filing of declarations under the Vivad se Vishwas scheme to 28th Feb 21

   01 February 2021 at 12:13

The Central Board of Direct Taxes has extended the last date for filing declarations under the Vivad se Vishwas Act, 2020 to 28th February 2021.

Posted in Income Tax |   2316 Views


ICAI extends Condonation Scheme to regularize UDINs to 28th February 2021

   31 January 2021 at 23:52

It is being informed to the members that all the missed UDINs between the period 1st February 2019 to 31st January 2021 can now be generated up to 28th February 2021 and this be taken as an extension of the Condonation Scheme announced previously.

Posted in Income Tax |   9927 Views


CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers

   27 January 2021 at 19:11

Income tax refunds of Rs. 62,231 crore have been issued in 1,71,77,174 cases & corporate tax refunds of Rs. 1,19,105 crore have been issued in 2,12,506 cases.

Posted in Income Tax |   1164 Views


CBDT issues refunds to more than 1.65 crore taxpayers between 1st April, 2020 to 18th Jan, 2021

   21 January 2021 at 10:38

An amount of more than Rs. 1,76,217 crore refunded to more than 1.65 Crore taxpayers between 1st April, 2020 to 18th January, 2021 reports The Central Board of Direct Taxes(CBDT).

Posted in Income Tax  1 comments |   3081 Views


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 |   2616 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 |   18015 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 |   13596 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 |   2238 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 |   2022 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 |   1458 Views



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