Income Tax News

Rates of TDS applicable for FY 2021-22 (AY 2022-23) by ICMAI

25 February 2021 at 22:59

Rates Of TDS Applicable as per the Income Tax Act for Financial Year 2021-22 (Assessment Year 2022-23) has been listed here.

Posted in Income Tax | 1 comments | 4641 Views

CBDT issues refunds to more than 1.93 crore taxpayers between 1st April 2020 to 22nd February 2021

24 February 2021 at 17:53

Income tax refunds of Rs. 69,653 crore have been issued in 1,90,52,977 cases & corporate tax refunds of Rs. 1,26,083 crore have been issued in 2,17,399 cases.

Posted in Income Tax | 1305 Views

CBIC exempts certain classes of people from Aadhaar Authentication

24 February 2021 at 05:58

CBIC has exempted certain classes of people from Aadhar Authentication under the provisions of sub-section (6B) or sub-section (6C) of section 25 of the CGST Act.

Posted in Income Tax | 11010 Views

Procedure to be followed by National e-Assessment Centres

18 February 2021 at 05:29

The Central Board of Direct Taxes has laid down the assessment procedure to be followed by National E-Assessment Centres. Read the official notification and procedure released here.

Posted in Income Tax | 2208 Views

Faceless Assessment (1st Amendment) Scheme, 2021 Released

18 February 2021 at 05:25

The Central Board of Direct Taxes has further made amendments in the Faceless Assessment Scheme, 2019 and have released the Faceless Assessment (1st Amendment) Scheme, 2021.

Posted in Income Tax | 10245 Views

CBDT issues refunds to more than 1.90 crore taxpayers between 1st April 2020 and 15th February 2021

17 February 2021 at 16:16

Income tax refunds of Rs. 68,515 crore have been issued in 1,88,02,365 cases & corporate tax refunds of Rs. 1,24,939 crore have been issued in 2,16,064 cases.

Posted in Income Tax | 1041 Views

CBDT issues refunds to more than 1.87 crore taxpayers between 1st April 2020 to 8th Feb 2021

11 February 2021 at 05:33

Income tax refunds of Rs. 67,334 crore have been issued in 1,84,45,638 cases & corporate tax refunds of Rs. 1,23,680 crore have been issued in 2,14,935 cases.

Posted in Income Tax | 1446 Views

ITAT holds its first bench at Jammu ICAI Premises

06 February 2021 at 05:50

ICAI had entered into an MOU with ITAT whereby ICAI extended the facility of using ICAI infrastructure for conducting camp hearings of ITAT as and when required at ICAI branches & offices across the country including Srinagar & Ladakh.

Posted in Income Tax | 1485 Views

CBDT issues refunds to more than 1.81 crore taxpayers between 1st April 20 to 1st Feb 21

04 February 2021 at 10:16

Income tax refunds of Rs. 64,966 crore have been issued in 1,78,62,798 cases & corporate tax refunds of Rs. 1,20,443 crore have been issued in 2,13,387 cases.

Posted in Income Tax | 1260 Views