Income Tax
Faceless tax assessment: 60% of allocated cases settled in a year, says CBDT’s Mody Out of the total 4,12,046 cases assigned to National Faceless Assessment Centre (NFAC) after the
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General
Project checks discrepancies in reporting of interest income earned of over ₹5,000 Hundreds of bank deposit holders across the country were non-plussed on Wednesday by an Income Tax
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Income Tax
source : https://t.co/v6FbsMUpu9
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Income Tax
Income Tax Returns Last Date for Tax Audit Assessees – 15th February, 2021 Income Tax Returns Last Date for Non Tax Audit Assessees – 10th January, 2021 Tax
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Income Tax
A One time relaxation to update UDIN has been enabled. Kindly update the UDIN before 31st December, 2020 of audit report/certificates to avoid invalidation. Source : https://taxguru.in/income-tax/cbdt-time-31st-december-2020-update-udin.html#:~:text=A%20One%20time%20relaxation%20to,report%2Fcertificates%20to%20avoid%20invalidation.
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Income Tax
Source : https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF_News/validate_UDIN_generated_from_ICAI_portal_26_11_20.pdf
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Income Tax
Section 12AB was introduced by Finance Act, 2020 and was supposed to be applicable from 01.06.2020 which was later extended till 01.10.2020 due to the situation of pandemic. Section 12AB
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Income Tax
On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs
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