Income tax refunds of Rs. 3,073 crore have been issued in 7,23,561 cases & corporate tax refunds of Rs. 2,577 crore have been issued in 15,206 cases.
The Central Board of Direct Taxes has notified ‘Norfund, Govt of Norway’ as a Sovereign Wealth Fund and has specified the audit report to be filed by them for claiming exemption under Section 10(23FE).
The Central Board of Direct Taxes has released the Income-tax (10th Amendment) Rules, 2021 to further amend the Income-tax Rules, 1962.
Steps to Download and install Offline Utility and fill the forms ITR-1 & ITR-4 for the AY 2021-22 have been listed in this news piece.
CBDT releases the new ITR 1 and ITR 4 forms for the AY 2021-22 in the JSON utility. Instructions for the usage of these offline utilities have been listed here...
The Central Board of Direct Taxes have released the Income Tax (Eighth Amendment) Rules, 2021, in order to further amend the Income Tax Rules, 1962 and, have added a sub rule (3) after rule 6G of the Rules.
The Central Board of Direct Taxes has expanded the authorities of Director of Income Tax (Centralized Processing Centre), Bengaluru and Commissioner of Income-Tax (Exemption), Bengaluru under provisions of the Income Tax Rules, 1962.
The Central Board of Direct Taxes has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2021-22 vide Notification no.21/2021 in G.S.R. 242(E) dated 31.03.2021.
Central Board of Direct Taxes (CBDT) has issued refunds of more than Rs. 2.62 lakh crore to more than 2.38 crore taxpayers from 1st April, 2020 to 31st March, 2021.
Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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