Income Tax News

CBIC explains about the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme

04 January 2021 at 11:26

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released a poster, explaining the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, which is made applicable w.e.f 1st January 2021 onwards.

Posted in Income Tax | 2022 Views

Income Tax Department requests taxpayers to use the latest Income Tax Utilities to avoid interest/fee u/s 234F/234A

04 January 2021 at 11:26

The Income Tax Department, via their official Twitter handle, has asked the taxpayers and professionals to use the latest income tax utilities, which have been available w.e.f 1st January 2021 to avoid interest/fee u/s 234F/234A

Posted in Income Tax | 2127 Views

Updated ITR Utilities now available for download on the e-Filing Portal

04 January 2021 at 10:02

CBDT has extended the due date for filing Income Tax Returns for the Assessment Year 2020-21. Accordingly, the ITRs are modified to update the 234A interest & 234F Fee calculation and the same is available for download.

Posted in Income Tax | 1434 Views

1,70,838 ITRs for AY 2020-21 have been filed on 2nd January upto 2 PM

02 January 2021 at 17:55

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 2nd January 2021 here.

Posted in Income Tax | 1251 Views

CBIC requests taxpayers to tag @Infosys_GSTN on Twitter for System/IT Related Issue

02 January 2021 at 17:44

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has requested the taxpayers to tag @Infosys_GSTN in their tweets related to all System/IT issues for redressal of grievances.

Posted in Income Tax | 1974 Views

CBIC makes changes in the Tariff Value of Certain Goods

02 January 2021 at 14:54

Tariff Notification No. 117/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

Posted in Income Tax | 1854 Views

IT Department conducts searches in Kolkata resulting in unearthing of incriminating evidences

02 January 2021 at 14:54

The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains, etc.

Posted in Income Tax | 1443 Views

Income Tax - E-Calendar 2021

02 January 2021 at 12:35

The Income Tax Department has released the E-Calendar 2021 for Income Tax. This calendar showcases a glimpse of India's growth, through the lens of taxation.

Posted in Income Tax | 7107 Views

CBDT, on The Recommendation of ICAI, Extends the Last Date for Updating UDIN in all Income Tax Forms to 15th February 2021

02 January 2021 at 10:34

The Central Board of Direct Taxes, on the recommendation of the Institute of Chartered Accountants of India, has extended the last date for updating UDIN in all Income Tax Forms to 15th February 2021, for treating these forms as valid.

Posted in Income Tax | 16224 Views

2,44,081 ITRs for AY 2020-21 have been filed on 1st January 2021 upto 8 PM

02 January 2021 at 10:34

The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 1st January 2021 here.

Posted in Income Tax | 993 Views