Income Tax Department Current Affairs - 2020

CBDT Launched Faceless Income Tax Appeals

The Central Board of Direct Taxation (CBDT) has launched the faceless income tax appeals today on September 25, 2020. The Announcement was made by the Prime Minister Narendra Modi on the birth anniversary of Pandit Deen Dayal Upadhayay. He made his statement during the launch of Faceless Assessment and Taxpayers’ Charter under the “Transparent Taxation Read More…

Govt extends deadline for filing income tax returns till September 30

Considering current global pandemic COVID-19 the government of India on Wednesday for the third time extended the deadline for filing income tax returns for 2018-19 financial year for two months till September 30. Before this in March, the due date was extended from March 31 to June 30 for the first time and again in Read More…

Pending Income Tax Refunds of Rs 62,361 crore paid to a total of 20,44,597 Taxpayers from 8th April to 30th June

Not only to health and freedom of movement, but the COVID-19 pandemic has also made a much larger financial impact on the economy for individuals and business entities (including MSMEs) across the world. Between 8th April to 30th June 2020 which had a total of 56 weekdays (Monday to Friday), the Income Tax Department of Read More…

Income Tax department launches instant e-PAN card service

The Income Tax Department has launched instant Aadhaar-based e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time. This facility is free of cost and is available for a limited period on first-come, first-served basis for valid Aadhaar holders. It was introduced because of increasing number of people applying for Read More…