The CBDT vide circular No. 08/2021, dated 30-04-2021 has extended the due dates relating to various compliance under Income Tax Act, 1961. In order to provide further relief to taxpayers in view of a severe pandemic, the CBDT vide circular No. 09/2021, dated 20-05-2021 has further extended the time limits of certain compliances. Extension of […]
Tag: KeyChanges
CBDT has refunded Rs. 71,229 crore during covid days
CBDT issued a press release on 17 July, 2020 for telling how much money has been refunded to taxpayers during covid days. PRESS RELEASE CBDT has refunded Rs. 71,229 crore so far to help taxpayers during covid days. The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs. 71,229 crore in more than […]
Five Major Finance Changes effective from 01.07.2020
Restrictions on ATM withdrawals are back The Finance Minister on 24 March, 2020 announced that for three months debit cardholders could withdraw cash from any bank’s ATM free of charge for the next three months. From today on wards, this relaxations has ended and the regular limits and charges will apply. Penalty for non-maintenance of bank […]
key changes in ITR forms for the AY 2020-2021
Income Tax Returns Forms 1 to 7 for A/Y 2020-21 Notified. Key changes in ITR forms for the AY 2020-2021. Passport One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in ITR 1-Sahaj and ITR 4-Sugam. Hopefully, it will be made mandatory in other ITR Forms […]