Income Tax Department issues New Tax Audit Utility - Form 3CD Schema (Version 1.21)
DGGI busts exporter companies for defrauding exchequer through fraudulent claims of ITC and cash refund of around Rs. 61 crore
Income Tax Department conducts searches in Bihar & UP
Refunds issued by CBDT on account of Income Tax and Corporate Tax from 1st April 2020 to 6th October 2020
The Central Board of Direct Taxes on 1st October 2020 issued guidelines for the Income Tax (22nd Amendment) Rules, 2020
Clarification on doubts arising on account of TCS u/s 206C (1H)
CBDT extends the due date for furnishing of belated & revised ITRs for AY 2019-20 to 30th November 2020
The Ministry of Finance has issued guidelines on the two new sections inserted by the Finance Act, 2020 which will come into effect from 1st October 2020.
Income Tax Department conducts search in Jharkhand and West Bengal
The Income Tax Department today launched Faceless Income Tax Appeals. Under this, there will be no physical interface between the taxpayers or their counsel/s and the Income Tax Department. Necessary Gazette notification has also been issued today.
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