Income Tax News
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.
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”.
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.
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.
E-Filing website to go under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM
11 January 2021 at 14:54The Income Tax Department, via their official Twitter handle, has made an announcement stating that the E-Filing Portal will be going under a maintenance activity on 11th Jan 2021 immediately after 12 midnight till 4 AM.
Income Tax Department requests taxpayers to give sufficient time before multiple submissions for Aadhaar OTP
11 January 2021 at 08:21The Income Tax Department has requested taxpayers to give sufficient time before multiple submissions for Aadhaar OTP. This is because of the new restrictions by UIDAI of a maximum of 5 OTP requests for a single Aadhaar within a span of 30 minutes.
IT Department conducts searches on 3 real estate & stock broking groups of Kolkata
09 January 2021 at 10:01The search action has resulted in the seizure of unaccounted cash of Rs. 3.02 crore and jewellery worth Rs. 72 lakh.
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