Income Tax News
Govt backtracks on notification to slash interest rates on small savings
01 April 2021 at 10:52Interest 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.
CBDT | Faceless Appeal (Amendment) Scheme, 2021
01 April 2021 at 05:54The Central Board of Direct Taxes has released the Faceless Appeal (Amendment) Scheme, 2021 in order to further amend the Faceless Appeal Scheme, 2020.
CBDT issues refunds to more than 2.37 crore taxpayers between 1st April, 2020 to 29th March, 2021
31 March 2021 at 22:14Income 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.
Last date for linking of Aadhaar number with PAN extended to 30th June 2021
31 March 2021 at 21:53Keeping in view the difficulties faced by the taxpayers, the Central Government has issued notification today extending the last date for the intimation of Aadhaar number and linking thereof with PAN to 30th June, 2021.
Mass SMS sent by IT Dept giving assessees time till 31st March to respond on high value transaction
31 March 2021 at 05:17Mass SMS sent by IT Dept giving assessees time till 31st March to respond whilst the compliance portal is not working
CBDT makes amendments to Rule 2C vide Income-tax (6th Amendment) Rules, 2021
27 March 2021 at 04:52The Central Board of Direct Taxes has released the Income-tax (6th Amendment) Rules, 2021 wherein, further amendments have been made in Rule 2C of the Income-tax Rules, 1962.
Reporting under clause 30C & 44 of the Tax Audit Report to be kept in abeyance till 31st March 2022
26 March 2021 at 05:14In view of the prevailing situation due to COVID-19 pandemic across the country, it has been decided by the Board that the reporting under clause 30C and clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2022.
CBDT issues refunds to more than 2.24 crore taxpayers between 1st April 2020 to 22nd March 2021
24 March 2021 at 19:05Income tax refunds of Rs. 79,483 crore have been issued in 2,21,92,812 cases & corporate tax refunds of Rs. 1,34,340 crore have been issued in 2,22,188 cases.
CBDT | Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020
24 March 2021 at 10:21CBDT has issued a clarification on the provisions of the Direct Tax Vivad se Vishwas Act, 2020, wherein further clarity with regard to the classification of a case as a ‘search ease’ has been issued by the concerned authorities.
CBDT releases Updated Form 64D
19 March 2021 at 05:22An updated version of form 64D as per notification no. 55/2020 is now available for filing by the Central Board of Direct Taxes on the E-Filing Portal.
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