Income Tax News

ITR forms to now contain pre-filled details of certain incomes

12 November 2020 at 11:26

In order to make tax compliance more convenient, pre-filled ITRs have been provided to individual taxpayers. The ITR form now contains pre-filled details of certain incomes such as salary income.

Posted in Income Tax | 1509 Views

CBIC issues revised policy & guidelines for setting up of ICDs/CFSs/AFSs

09 November 2020 at 10:29

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.

Posted in Income Tax | 3402 Views

CBIC appoints Senior Nodal Officers in each Customs Zone to fast track Faceless Assessment

09 November 2020 at 10:26

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.

Posted in Income Tax | 2661 Views

CBDT issues refunds of over Rs. 1,29,190 crores to over 9.49 lakh taxpayers between 1st April 2020 and 3rd Nov 2020

04 November 2020 at 15:11

CBDT issues refunds of over Rs. 1,29,190 crores to over 9.49 lakh taxpayers between 1st April 2020 and 3rd Nov 2020

Posted in Income Tax | 2 comments | 3753 Views

ICAI releases Tax Audit Checklist u/s 44AB of the Income Tax Act

31 October 2020 at 13:07

ICAI releases the Tax Audit Checklist u/s 44AB. Download in PDF or Word Document.

Posted in Income Tax | 29439 Views

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 | 4794 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 | 2814 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 | 1875 Views