Income Tax

Extension of dates for filing of belated and revised returns for the Assessment Year 2019-20 from 30th September, 2020 to 30th November, 2020 - CBDT Order under Section 119(2)(a) of the Income-tax…

Relaxation of Eligibility of all grades in appearing Ministerial Staff Exam- 2020: MTS who have qualified the Computer Skill Test, are only eligible to appear in the Departmental Exam for Ministerial…

Income Tax Calculator 2020-21 (Assessment Year 2021-22) - Compare Income Tax under Old (existing) and New Tax Regime under Section 115 BAC (Optional)

Income Tax Rate for the financial year 2021-22 in New Tax Regime (Optional) and Old Tax Regime

Income Tax Faceless Assessment Scheme – Procedure of Assessment - Amendments in the E-assessment Scheme, 2019: IT Notification No. 60/2020 dated 13.08.2020

Income Tax Return Faceless Assessment Scheme: Sub-section (3B) of section 143 of the Income-tax Act, 1961- IT Notification dated 13.08.2020

CBDT extends the due date for filing of Income Tax Returns for FY 2018-19 (AY 2019-20) from July 31 to September 30, 2020 due to Covid-19 pandemic

CBDT to start e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from 20th July, 2020 - PIB

New Form 26AS is the Faceless hand-holding of the Taxpayers to e-file their income tax returns quickly and correctly - PIB

One-time relaxation for Verification of tax-returns for the AY 2015-16 to 2019-20 which are pending due to non-filing of ITR­ V form and processing of such returns

CBDT provides Utility to ascertain TDS Applicability Rates on Cash Withdrawals of above Rs.20 lakh in case of a non-filer of the income-tax return and that of above Rs. 1 Crore in case of a filer of…

Support for Income tax Department against Covid-19 : CBDT Instructions - F.No. FRD/CMD/230/2/Misc /2020-2] (V/ 7 dated 01.07.2020

Income-Tax (16th Amendment) Rules, 2020 - Change in TDS Return Form 26Q & Form 27Q - Gazette Notification No. 43/2020

Income Tax Deduction from Salaries during the Financial Year 2020-21 (Assessment Year: 2021-22) under section 192 of Income Tax Act - 1961

New Personal Income Tax at reduced rates with no exemption under Section 115BAC of Income Tax Act when opted, only limited allowances will be exempted - Perquisites allowed by Employee are not to…

Income Tax Return for FY 2019-20 (Assessment Year 2020-21) - Last date for filing extended by Govt to 30th November 2020 in view of COVID-19 impact

Calling of option for new personal taxation regime of reduced tax rates with no exemptions or deductions or setoff of loss etc. in case of individuals & HUFs as provided u/s 115 BAC of the IT Act,…

Income Tax 2020-21 - Employees willing to avail New reduced Tax Rates without any deduction / Exemption under Section 115BAC of Income Tax Act will have to intimate DDO / Employer in prior to adjust…