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Income Tax News


CBIC releases a guidebook on the successful implementation of Faceless Assessment across the country

   30 October 2020 at 16:17

CBIC releases a guidebook on the successful implementation of Faceless Assessment across the country

Posted in Income Tax |   4791 Views


LTC fare benefit of IT extended to Non-government Employees

   30 October 2020 at 11:34

Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees

Posted in Income Tax |   2802 Views


CBIC makes changes in the Customs Act, 1962

   30 October 2020 at 11:33

CBIC makes changes in the Customs Act, 1962 vide Tariff Notification No.103/2020-Customs(N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold, and Silver- Reg.

Posted in Income Tax |   1869 Views


CBDT issues tax refund of Rs. 1,26,909 crores to 39.14 lakh taxpayers

   29 October 2020 at 10:51

CBDT issues tax refund of Rs. 1,26,909 crores to 39.14 lakh taxpayers

Posted in Income Tax |   6144 Views


Govt. increases payment date for Vivad se Vishwas Scheme to 31.03.2021

   28 October 2020 at 11:06

Govt. increases payment date for Vivad se Vishwas Scheme to 31.03.2021

Posted in Income Tax |   5838 Views


Income-tax (23rd Amendment) Rules, 2020

   27 October 2020 at 11:09

CBDT released the Income Tax (23rd Amendment) Rules 2020 on 22nd October 2020. Read the official notification and changes made here.

Posted in Income Tax |   19968 Views


CBDT extends the due date for filing of Tax Audit Report and ITRs

   24 October 2020 at 15:09

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, CBDT has extended the due date for filing of Tax Audit Report and ITRs.

Posted in Income Tax  22 comments |   56991 Views


CBDT releases instructions for filing of ITR forms for AY 2020-21

   24 October 2020 at 11:35

CBDT releases instructions for filing of ITR forms for AY 2020-21

Posted in Income Tax |   6072 Views


Income Tax Department issues New Tax Audit Utility - Form 3CD Schema (Version 1.21)

   24 October 2020 at 11:35

Income Tax Department issues New Tax Audit Utility - Form 3CD Schema (Version 1.21)

Posted in Income Tax  1 comments |   4239 Views


DGGI busts exporter companies for defrauding exchequer through fraudulent claims of ITC and cash refund of around Rs. 61 crore

   09 October 2020 at 18:00

DGGI busts exporter companies for defrauding exchequer through fraudulent claims of ITC and cash refund of around Rs. 61 crore

Posted in Income Tax  2 comments |   1860 Views



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