On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act, 1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to...
A meeting was held between senior officials of the Finance Ministry and Infosys on 22.06.2021 on issues in the new Income Tax Portal. The meeting was presided over by Union Minister for Finance & Corporate Affairs Minister Smt. Nirmala...
The Income Tax Department is going to launch its new e-filing portal www.incometax.gov.in on 7thJune, 2021. The new e-filing portal (www.incometax.gov.in) is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers:
New taxpayer friendly portal integrated with immediate...
The Financial Year 2020-21 has been a year full of challenges, both, globally as well as for India due to the COVID-19 pandemic. The Government has, from time to time, come out with several initiatives to mitigate the economic...
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. Keeping in view the ongoing crisis due to COVID pandemic and to...
Income tax assessments are being done in a faceless manner, this was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha.
The Minister further...
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.108/2020-Customs(N.T.), dated 19th November, 2020 except as respects things done or omitted to be done before such...
The Central Board of Direct Taxes (CBDT) today said that Income tax refunds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth Rs 5,204 Crore have been issued since 8th April 2020. These income tax refunds...
With a goal to govern tax evasion, the Central Board of Direct Taxes (CBDT) on Tuesday notified the authority for furnishing information to the Goods and Services Tax Network (GSTN). The specific authority will be the Principal Director-General of...
At a time while the Government has been worrying to afford a burden for innovation and entrepreneurship, the rest in angel tax policies as presented by way of Department of Promotion for Industry and Internal Trade (DPIIT) may although...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
