CBIC has issued revised policy & guidelines for setting up of ICDs/CFSs/AFSs. New guidelines take into account the present capacity, future growth potential & regional imbalances; ensure uniformity, transparency & seamless approval process.
CBIC has appointed senior Nodal Officers in each Customs Zone to fast track Faceless Assessment. If required, importers may contact these Nodal Officers for faster clearance of their imports.
CBDT issues refunds of over Rs. 1,29,190 crores to over 9.49 lakh taxpayers between 1st April 2020 and 3rd Nov 2020
ICAI releases the Tax Audit Checklist u/s 44AB. Download in PDF or Word Document.
CBIC releases a guidebook on the successful implementation of Faceless Assessment across the country
Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees
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.
CBDT issues tax refund of Rs. 1,26,909 crores to 39.14 lakh taxpayers
Govt. increases payment date for Vivad se Vishwas Scheme to 31.03.2021
CBDT released the Income Tax (23rd Amendment) Rules 2020 on 22nd October 2020. Read the official notification and changes made here.
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