Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The refunds worth more than ₹ 80,000 crores have to be allotted to the 24.56 lakh taxpayers within the current financial year said the Income-tax department. “CBDT has, so far, issued refunds of over ₹ 88,652 crores to more than 24.64 lakh taxpayers from 1st April 2020 onwards. Income tax refunds ₹ 28,180 crore have […]
Consistent on making tax payment a complete electronic mechanism government introduced online e-return forms, e-payment methods and various e-assessment techniques. To this I-T department on Monday declared that it had taken up 58,322 cases of e-assessments cutting out submission of hard copy or personal appearance of the taxpayer. A step forward towards completely transforming assessment […]
Marked are instances when people call on the numbers mentioned on the IT department’s websites to address their tax-related queries, the calls either get unanswered or busy. People end up blaming the IT department’s redressal mechanism. Now the department has come up with the solution for the same, all your issues are expected to be […]
Tax system in India keeps on reforming for good. The Government and other tax-related departments are constantly working to make the tax system more rigid. One such reform is recently brought in practise by the Tax Department related to ‘Income Tax Refund’. Valid from the prevailing year onward, the one who claims Income Tax Refund […]
The income tax department is digging the records for the traders who come under the grid of GST but are not filing ITR. The information is also shared with the municipal co-operation of Madhya Pradesh and Chattisgarh (as it comes under the tax zone of MP). As a result of long scrutiny of the trader’s […]
Tax and India are slowly but surely arriving at reconciliation terms. This is echoed in a recent statement made by a government official.
Now it’s time to file Income Tax Return (ITR) i.e. 31st July 2018. Taxpayers who are about to file the tax return on time will get to see the sudden surge of compliance.
Now the case has been just turned into hands of income tax department again which diverged the public by the deposition scheme, as the concrete data will create an issue towards the history of money generated by an individual.
The income tax department gave a surprise to all payers of TDS by making an announcement that now department will pay interest on delayed TDS deduction refund and will also not lawsuit with the deductor on this issue in the future. The Central Board of Direct Taxes (CBDT) has given instructions about this to officers […]
