Income Tax News
New Due Dates for Income Tax Returns, Tax Audit Reports and GST Compliances
30 December 2020 at 18:52The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for Income Tax Returns, Tax Audit Reports, and GST Compliances. The extended due dates are mentioned here.
Government Extends Due Date for Filing Income Tax Returns, Tax Audit Reports and GST Compliances
30 December 2020 at 18:12In view of the COVID-19 pandemic and the large scale disruption caused as a consequence of it, the Finance Ministry has decided to extend the due dates for Income Tax Returns, Tax Audit Report, and GST Compliances. Check out the extended due dates here.
CBIC makes amendments in the Exchange Rate of Turkish Lira
30 December 2020 at 17:13The Central Board of Indirect Taxes and Customs has made an announcement regarding the change in the Exchange Rate of Turkish Lira. Read the official announcement here.
Income Tax Department reminds taxpayers to file ITR amidst request for due date extension
30 December 2020 at 15:19The due date for taxpayers not requiring audit is 31st December 2020 and for those requiring audit is 31st January 2021. File your return now.
CBDT issues refunds of over Rs. 1,56,624 crores to more than 1.33 crores taxpayers between 1st April 2020 to 27th Dec 2020
30 December 2020 at 13:07Income tax refunds of Rs. 50,554 crore have been issued in 1,31,11,050 cases & corporate tax refunds of Rs. 1,06,069 crore have been issued in 2,03,334 cases.
Income Tax Department clarifies on taxpayers having difficulty in receipt of Aadhaar based OTP
30 December 2020 at 11:34Several taxpayers and professionals experienced difficulty in the receipt of Aadhaar based OTP on the Income Tax Portal while filing their Income Tax Return. In this regard, the department has issued a clarification.
13,65,147 ITRs for AY 2020-21 have been filed on 29th December upto 8 PM
30 December 2020 at 11:34The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 29th December here.
CBIC cautions taxpayers on fake matrimonial alliances
30 December 2020 at 11:34The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has bewared the taxpayers of Fake Matrimonial Alliances and clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.
CBIC cautions taxpayers on paying duty in a personal bank account
30 December 2020 at 11:34CBIC, via their official Twitter handle, has bewared the taxpayers on paying duty in a personal bank account and has clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.
Income Tax Department conducts searches in Delhi
30 December 2020 at 10:08The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in the Delhi region.
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