Presenting the first ever digital Union Budget, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that India's fight against COVID-19 continues into 2021 and that this moment in history, ...
CBDT vide Notification No. 04/2021 dated 31.01.2021 has further extended the date for filing of declarations under the Direct Tax Vivad Se Vishwas Act, 2020 from January 31, 2021 to 28th February, 2021. It may be...
Filed your Income Tax Return and still not received Income Tax Refund? Continue reading this blog to know how to check Income Tax Refund. First of all let us understand what is Income Tax Refund? An income tax...
The introduction of Tax on LTCG (Long Term Capital Gain) of 10% over one lakh in Budget 2018 was a move which created a hindrance in journey of investment for investors. As now tax has to be paid on gain above Rs.1,00,00...
The CBDT has notified Faceless Penalty Scheme, 2021 vide Notification No. 2/2021 dated January 12, 2021 and Directions vide Notification No. 3/2021 dated January 12, 2021. The penalty under...
CBDT has passed order u/s 119 of Income-tax Act,1961 in F No. 370153/39/2020-TPL dated 11th January,2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in comp...
The deadline to file income tax return (ITR) for this financial year (FY 2019-20) has been extended thrice- first from July 31 to November 30, 2020 and then to December 31, 2020 and then further to January 10,2021. No...
The Hon'ble Gujarat High Court directed CBDT to take appropriate decision regarding extension of Due date for Tax Audit Reports (TAR) and Income Tax Returns (ITR) by 12 January, 2021 in the THE ALL GUJARAT ...
In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Finance Ministry has further extended the dates for various compliances vide Notification No. 93/20...
The Government has recently introduced CPC 2.0 with the tagline of File Karo Jhat Se, Processing Hogi Pat Se. Now, once the income tax department processes the income tax return (ITR), it sends&...
