Income Tax News
CBDT issues refunds of over Rs. 1,50,863 crore to more than 1.18 crore taxpayers between 1st April 2020 to 20th December 2020
23 December 2020 at 19:33Income tax refunds of Rs. 47,608 crore have been issued in 1,16,07,299 cases & corporate tax refunds of Rs. 1,03,255 crore have been issued in 2,01,796 cases.
3.75 crore Income Tax Returns for AY 2020-21 filed till 21st Dec 2020
22 December 2020 at 13:28The Central Board of Direct Taxes has notified that the total Income Tax Returns filed till 21st December 2020 for AY 2020-21, is 3.75 crores. Read the ITR-Wise break-up of the figure here.
QRMP Scheme - Escalating Growth of Taxpayers by Limiting Tax Compliance Burden
22 December 2020 at 10:27Know how the Quarterly Return Monthly Payment Scheme will escalate the growth of taxpayers by limiting the tax compliance burden, here.
Income Tax Department cautions taxpayers on a fake link that promises to give a refund
21 December 2020 at 18:05The Income Tax Department, via their official Twitter handle, cautioned the taxpayers of a fake link that has been circulating and is promising to give a refund.
Income Tax Department introduces "Jhatpat Processing" for ITR 1 and 4
21 December 2020 at 18:05The Income Tax Department has introduced "Jhatpat Processing" for easy filing and processing of ITRs. The process has started for ITR 1 and 4. Click the link below to file your return now!
Income Tax Department releases E-Brochure on Vivad se Vishwas Scheme
21 December 2020 at 18:05The Income Tax Department has released an E-Brochure on the Vivad se Vishwas Scheme, asking taxpayers to settle their income tax disputes by filing a declaration by 31.12.20.
3.69 crore Income Tax Returns for AY 2020-21 filed till 20th Dec 2020
21 December 2020 at 14:29The Central Board of Direct Taxes has notified that the total Income Tax Returns filed till 20th December 2020 for AY 2020-21, is 3.69 crores. Read the ITR-Wise break-up of the figure here.
Mandatory validation of UDIN in all Income Tax Forms
21 December 2020 at 11:00CBDT has given a one-time relaxation by allowing them to update UDINs for forms latest by 31st December 2020 for treating these forms as valid.
CBDT releases Checklist to Avoid Mistakes in Filing ITR 7 for AY 2020-21
18 December 2020 at 13:33The Central Board of Direct Taxes has released a checklist to avoid mistakes in filing the Income Tax Return - 7 for AY 2020-21. Read the entire checklist here...
Over 3.43 crore Income Tax Returns have already been filed for AY 20-21
18 December 2020 at 12:03The Central Board of Direct Taxes has notified that the total Income Tax Returns filed for AY 2020-21, is 3.43 crores. Do you also wish to avoid the last minute rush? Then file your Income Tax Return now!
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