CBDT grants relaxation in electronic filing of forms 15CA & 15CB

1.CBDT grants relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in the filing of forms online on the new e-filing portal http://incometax.gov.in. The forms can be submitted in manual format to the authorised dealers till 30th June 2021.

[pt_view id=”baa39696xe”]

2. Coal India announces ₹3.5 final dividends, reports Q4 net profit at ₹4,589 crores. World’s largest miner Coal India Ltd (CIL) on Monday reported a consolidated net profit of ₹4,588.96 crores, a dip of 0.8%, in the quarter ended 31 March 2021. The company had posted a profit of ₹4,655.76 crores in the year-ago period. The company’s board has approved a final dividend of ₹3.50 per equity share of the face value of ₹10 each for the financial year 2020-21, CIL said in a regulatory filing.

cbdt

3. CBDT has made Instant PAN allotment in near to real-time availability free of cost. Individuals (other than minors) with a valid Aadhaar number (with the updated Mobile number) can avail themselves of the PAN allotment facility.

4. Taxpayers need to keep in mind the high-value transactions they made while filing their income tax returns. The income tax department is using analytics to scrutinize data to find out people who have not filed income tax returns (ITR) or under-reported income despite doing a high-value transaction.