Tag: cbdt press release
All Faceless e-Assessments are expected to be completed by mid-September 2020 – MoF As per the press release issued today by of Ministry of Finance, the Income Tax Department is hoping to complete all Faceless e-Assessments by mid-September 2020. The scheme of Faceless Assessment was announced by the …
Income Tax Department to start e-campaign to ask taxpayers to verify financial transaction information for FY 2018-19 received from various sources Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE CBDT to start e-campaign on Voluntary …
New Form 26AS will desist those taxpayers who inadvertently conceal financial transactions in returns Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE New Form 26AS is the Faceless hand-holding of the Taxpayers The new …
CBDT refunded Rs. 71,229 crore to help taxpayers liquidity during COVID-19 pandemic CBDT has refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemic As per a Press Release by the Central Board of Direct Taxes (CBDT), upto 11th July, 2020, it has issued refunds amounting …
Verification of applicable TDS rates u/s 194N on Cash Withdrawals-CBDT provides online utility/facilityfor banks/post offices Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes CBDT provides Utility to ascertain TDS Applicability Rates on Cash Withdrawals New Delhi, 12th July, 2020 The Income Tax Department has …
CBDT debunks suggestions by IRS officers on tackling COVID-19 situation, calls it a violation of Conduct Rules and initiates inquiry A report/Paper was circulating in the social media in the name of FORCE (Fiscal Options and Response to COVID-19) Epidemic). Purportedly it has been issued by the Indian …
CBDT revising ITR forms to enable benefits of various timeline extension given due to Covid-19 Finance Ministry Press Release CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19 In order to enable income taxpayers to avail full benefits of various timeline extensions …
CBDT to issue all pending income-tax refunds up to Rs. 5 lakh. GST/Custom refunds also to be issued Government of India Ministry of Finance Department of Revenue New Delhi, the 08th April, 2020 PRESS NOTE CBDT to issue all pending income-tax refunds up to Rs. 5 lakh In …
TDS Surveys by Income Tax Department unearths huge defaults in deduction and deposit by hospitals, Real Estate Group and oil company Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 4th March, 2020 PRESS RELEASE TDS Surveys by Income Tax Department unearths huge defaults …
CBDT grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-21 Ministry of Finance Press Release In order to ensure that the e-filing utility for filing of return for assessment year (A.Y) 2020-21 is available as on 1st April, …
