Income Tax News
All India Protest Call by Western Maharashtra Tax Association
14 January 2021 at 21:57The 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
Gujarat HC rejects writ application for an extension in the due dates of TAR/ITR
14 January 2021 at 21:57The 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.
CBIC bars its officers from attending private seminars and webinars
14 January 2021 at 14:14The 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.
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 06:50The 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.
CBIC releases HSN Code for Goods and Services effective from April 01, 2021
13 January 2021 at 08:39The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released a poster, making the general public aware of the HSN Code for Goods and Services w.e.f 1st April 2021.
Income Tax Department releases Corrigendum to order which clarified no further extension
13 January 2021 at 08:39The Income Tax Department has released a Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021 which clarified that no further extension shall be made in due dates compliances of the Income Tax Act.
CBDT releases the Faceless Penalty Scheme, 2021
13 January 2021 at 08:39The penalty under this Scheme shall be imposed in respect of such territorial area, or persons or class of persons, or income or class of income or cases or class of cases, or penalties or class of penalties as may be specified by the Board.
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets
13 January 2021 at 08:33The public can now file a Tax Evasion Petition through a link on the e-filing website of the Department under the head “File complaint of tax evasion/undisclosed foreign asset/ benami property”.
Income tax department shares due date extensions of other countries while clarifying that no further extension will be made
12 January 2021 at 13:23The Income Tax Department, on 11th January 2021 clarified that no further extension shall be given for Income Tax Returns and Tax Audit Reports. In this regard, they compared the due date extensions of other countries.
No Further Extensions in the Due Date for Filing Income Tax Returns and Tax Audit Reports, says CBDT
11 January 2021 at 23:27CBDT clarifies that there will be no further extensions in the due date for filing Income Tax Returns and Tax Audit Reports.
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