-
IT Refunds: CBDT issues over Rs 70,120 crore till Sept 6
CBDT issues refunds of over Rs. 70,120 crore to more than 26.09 lakh taxpayers between April 1, 2021, to September 6, 2021.
-
Progress in addressing glitches in the income tax portal
The CBDT has said 76.2 lakh taxpayers used the new portal to file returns; the ITR filing deadline is September 30
-
CBDT extends deadline for taxpayers to file settlement claim
The central government had constituted the ITSC to dispose off the pending settlement applications as on January 31
-
IT Portal: AI-based system to check ITR filing discrepancies
The AI-enabled system will check for discrepancies between the data disclosed by an assessee and match it against the data fetched from stock exchange
-
CBDT allows authentication of records via e-verification code
So far certain faceless assessees were required to authenticate records separately through digital signature
-
Tax filing deadline approaching, things to keep in mind
It is better to file your tax early as it will help to have peace of mind by avoiding penalties. It will also help in getting your refund if any.
-
Personal Finance tasks that you must complete this month
The last date to link your PAN cards with Aadhaar is September 30, 2021. Post this deadline, your non-linked PAN may turn inoperative.
-
IT Refunds: CBDT issues over Rs 67,400 crore worth refunds
CBDT has issued over Rs 67,400 crore worth refunds in five months of the current fiscal.
-
Cryptocurrency Taxation: Confusion continues due to lack of classification
The key problem for taxation on cryptocurrencies is that there is no clarity on what they actually are— a currency, an asset, or something else.
-
iPad not a computer, won’t depreciate at 60%: ITAT
In terms of claiming tax depreciation, the rate for a computer is 60% while for the rest of the gadgets is 15%.
