Income Tax News
CBIC exempts certain classes of people from Aadhaar Authentication
24 February 2021 at 05:58CBIC has exempted certain classes of people from Aadhar Authentication under the provisions of sub-section (6B) or sub-section (6C) of section 25 of the CGST Act.
Procedure to be followed by National e-Assessment Centres
18 February 2021 at 05:29The Central Board of Direct Taxes has laid down the assessment procedure to be followed by National E-Assessment Centres. Read the official notification and procedure released here.
Faceless Assessment (1st Amendment) Scheme, 2021 Released
18 February 2021 at 05:25The Central Board of Direct Taxes has further made amendments in the Faceless Assessment Scheme, 2019 and have released the Faceless Assessment (1st Amendment) Scheme, 2021.
CBDT issues refunds to more than 1.90 crore taxpayers between 1st April 2020 and 15th February 2021
17 February 2021 at 16:16Income tax refunds of Rs. 68,515 crore have been issued in 1,88,02,365 cases & corporate tax refunds of Rs. 1,24,939 crore have been issued in 2,16,064 cases.
CBDT issues refunds to more than 1.87 crore taxpayers between 1st April 2020 to 8th Feb 2021
11 February 2021 at 05:33Income tax refunds of Rs. 67,334 crore have been issued in 1,84,45,638 cases & corporate tax refunds of Rs. 1,23,680 crore have been issued in 2,14,935 cases.
ITAT holds its first bench at Jammu ICAI Premises
06 February 2021 at 05:50ICAI had entered into an MOU with ITAT whereby ICAI extended the facility of using ICAI infrastructure for conducting camp hearings of ITAT as and when required at ICAI branches & offices across the country including Srinagar & Ladakh.
CBDT issues refunds to more than 1.81 crore taxpayers between 1st April 20 to 1st Feb 21
04 February 2021 at 10:16Income tax refunds of Rs. 64,966 crore have been issued in 1,78,62,798 cases & corporate tax refunds of Rs. 1,20,443 crore have been issued in 2,13,387 cases.
CBDT extends the date for filing of declarations under the Vivad se Vishwas scheme to 28th Feb 21
01 February 2021 at 12:13The Central Board of Direct Taxes has extended the last date for filing declarations under the Vivad se Vishwas Act, 2020 to 28th February 2021.
ICAI extends Condonation Scheme to regularize UDINs to 28th February 2021
31 January 2021 at 23:52It 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.
CBDT issues refunds of over Rs. 1,81,336 crore to more than 1.74 crore taxpayers
27 January 2021 at 19:11Income 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.
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