Income tax refunds of Rs. 43,274 crore have been issued in 87,29,626 cases &corporate tax refunds of Rs. 1,02,345 crore have been issued in 1,99,554 cases
The Income Tax Department has carried out search and seizure operations on 03/12/2020 in the case of a Group involved in the manufacturing and trading of steel products having premises in and around Rourkela, Odisha.
Do your bit in transforming the vision of a brighter tomorrow into a reality. Pay the third installment of your #AdvanceTax on or before 15th December 2020.
The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2020-21.
IFF is an optional facility to be used depending on the needs of the suppliers and their buyers. Taxpayers may file their GSTR-1 for the quarter without filing IFF.
The Central Board of Direct Taxes has issued a clarification on the provisions of the Direct Tax Vivad se Vishwas Act 2020 and has released the 2nd set of FAQs on the Act.
The Income Tax Appellate Tribunal Mumbai benches intend to resume physical functioning, on an experimental basis and in a limited manner, with effect from 7th December 2020.
For the class of supply as specified in column (2) and whose HSN Code as specified in column (3) of the Table given, a registered person shall mention eight number of digits of HSN Codes in a tax invoice issued by him under the said rules.
Income tax refunds of Rs. 38,105 crore have been issued in 57,68,926 cases & corporate tax refunds of Rs. 1,02,105 crore have been issued in 1,99,165 cases.
The Income Tax Department conducted searches on 27/11/2020 in the case of an IT SEZ developer, its ex-Director, and a prominent stainless-steel supplier in Chennai.
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