Tag: Income Tax

CBDT Extends Due Dates for Electronic Filing of Various Forms Under the Income-Tax Act
Taxation, Finance

CBDT Extends Due Dates for Electronic Filing of Various Forms Under the Income-Tax Act

SMEStreet Edit Desk- August 4, 2021

Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms vide Circular No.15/2021 dated 03.08.2021. Read More

CBDT Introduces New Functionality for Compliance Check For Non-Filers
Taxation, Banking & Finance

CBDT Introduces New Functionality for Compliance Check For Non-Filers

SMEStreet Edit Desk- June 23, 2021

Accordingly, the CBDT clarified that its new functionality -- Compliance Check for Sections 206AB & 206CCA -- is operational and would reduce the compliance burden ... Read More

Infosys Regrets Glitches on ITR e-Filing Portal and Working on Fast Resolution
Taxation, Banking & Finance

Infosys Regrets Glitches on ITR e-Filing Portal and Working on Fast Resolution

SMEStreet Edit Desk- June 9, 2021

"The new e-filing portal will ease the filing process and enhance end user experience. @nsitharaman ji, we have observed some technical issues on day one, ... Read More

Income Tax E-Filing Portal With More User-Friendly Features Launched
Taxation, LimeLight

Income Tax E-Filing Portal With More User-Friendly Features Launched

SMEStreet Edit Desk- June 6, 2021

The Income Tax Department is launching its new e-filing portal www.incometax.gov.in on June 7 aimed at providing taxpayer convenience and a modern, seamless experience to ... Read More

Income Tax Dept Refunds Rs 127000 Cr Through Digital Refund System: Finance Secretary
InFocus, Banking & Finance

Income Tax Dept Refunds Rs 127000 Cr Through Digital Refund System: Finance Secretary

SMEStreet Edit Desk- October 31, 2020

"This is a quick refunds payment system which is fully automated and completely transparent. The Income Tax Department has created a DBT (Direct Benefit Transfer) ... Read More

Extension of Due Date of Income Tax Returns and Audit Reports
Taxation, Banking & Finance

Extension of Due Date of Income Tax Returns and Audit Reports

SMEStreet Edit Desk- October 24, 2020

The Government issued a Notification on 24thJune, 2020 under the Ordinance which, inter alia, extended the  due date for all Income Tax Returns for the ... Read More

I-T Refunds Worth Rs 1.18 Lakh Cr Issued to 33.54 Lakh Taxpayers
News, Banking & Finance

I-T Refunds Worth Rs 1.18 Lakh Cr Issued to 33.54 Lakh Taxpayers

SMEStreet Edit Desk- October 1, 2020

This includes personal income tax (PIT) refunds amounting to Rs 32,230 crore issued to 31.75 lakh taxpayers, and corporate tax refunds amounting to Rs 86,094 ... Read More