TAX
About 33,000 GST Notices Sent By Tax Officers For Discrepancies In Returns Filed In FY18, FY19
GST officers have detected 21,791 fake registrations and over Rs 24,000 cr of suspected tax evasion during a 2-month drive from May 16 to July 15, 2023
GST Collections Showing Annual Upward Trend, Average Monthly Revenue at Rs 1.66 Lakh Cr So Far This Fiscal: FM
GST collection crossed the Rs 1.50 lakh crore mark in every month of the current fiscal, says Finance Minister Nirmala Sitharaman
Online Gaming Companies Get Rs 1 Lakh Cr GST Show Cause Notices So Far
The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1.
35 Lakh Tax Refund Cases 'Held Up' For Various Reasons; Here's What Top Official Said
In some cases refunds are held up because the taxpayer has not validated their bank account
Income Tax: Will Gifting Of Shares To Spouse Be Taxable?
Any gift of shares to a certain relative is tax exempt in the hands of the recipient.
ITR Last Date Today, July 31: Check These Last-Minute Tips for Income Taxpayers
The deadline for ITR for the assessment year 2023-24 is here, with over 6.13 crore income tax returns already filed so far
GST Council May Clear Operational Framework Of GST Appellate Tribunal: Report
A 4-member appellate tribunal is proposed to be set up in each state to streamline and expedite the dispute resolution process with regard to GST
Not Responded To IT Notice? Income Tax Dept To Conduct Scrutiny Soon; Check Details Here
As per the guidelines, tax officers will have to send a notice under section 143(2) of the I-T Act by June 30 to the assessee regarding discrepancies in income
ITR Filing 2023: Confused Between ITR 1 And 4? Know Key Differences And File Correct ITR
Income Tax Return: To file your ITR, you will need to gather all the necessary documents and information.
Is Tax Compliance Taking Over Big Businesses? Deloitte Survey Reveals Surprising Results
Tax teams in large oganisations, despite their enhanced use of technology in tax, spend a high proportion (around 70 per cent on average) on tax compliance.
Confused About Correct Income Tax Return Form? Check This Before Filing ITR
Different forms of returns are prescribed for different classes of taxpayers.
Should Senior Citizens File Income Tax Return?
Filing ITR is a crucial compliance requirement for individuals and organisations in India.
Income Tax: Top Options For Taxpayers To Save Tax Under Old Regime
Income Tax: While presenting the Union Budget on February 1, finance minister Nirmala Sitharaman announced changes in the new regime of personal income tax.
New PF Rules: Update For Non-PAN Users; Check TDS Rate On EPF Withdrawal
At present the TDS rate on withdrawal of taxable components from Employees’ Provident Fund Scheme in non-PAN cases is 30%.
GST Council Agrees To Cut Tax Rates On These Items To 5%, Nil; Issues Rate Clarification Too
The GST Council recommends to reduce tax rate on husk of pulses to nil, and on ethyl alcohol to 5 per cent
GST Council Meeting Starts; GSTAT, Curbing Tax Evasion In Pan Masala, Decriminalisation of Offences On Agenda
GST Council is also expected to discuss GoM's report on the taxation of online gaming and casinos
