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According to the SGST Act, 2017, and R.138A of SGST Rules, the Kerala High court states that if there is no declaration of paid on the GST E-Way bill Get to know about GST E Way bill and its generating process through online and SMS in a simple manner. Also, we have attached original screenshots […]
Under section 80C of the Income Tax Act 1961, various tax-saving methods can be accessed in the permitted policies like PPF, ELSS and insurance. However, one can claim the subtraction in tax with the help of section 80C for some other little expenses. One can take the deductions up to Rs 1.5 lakh or more if […]
According to section 54F of the Income Tax Return (ITR) The income tax department has declared that ITR 1, 2, 3, 4, 5, 6 & 7 for AY 2019-20 is now available for e-Filing and soon other ITRs will also be available, the assessee is free to do the investment in the house property in […]
Here we will go through all the latest tax collected at source (TCS) provisions as listed by the tax department. The department has made clear all the points in detail. The Finance Act 2020 has launched three new provisions under Tax collected at source The Central Board of Direct Taxes (CBDT) has amended the provision […]
In the current case of three prominent businessmen in Srinagar and Kupwara on 2nd September 2020, the income tax administration has implemented contemporary research and operations. The case consolidated about the undisclosed amount and the operations have prima facie seizure of unaccounted assets and incriminating proof and relationship in unnamed transactions by certain groups. In […]
Recently Haryana has zeroed in on 138 new enrolled taxpayers for the state under GST for doubtful transactions said by The tax research unit (TRU) of the excise and taxation department. The taxpayers will be determined from the information analytic ability of TRU. The speaker of the state in the excise and taxation department states […]
Recently the goods and services network portal has made some facilities available for all the composition and tax collected at source (TCS) taxpayers in the form. This has made some relaxation in the filing procedure for the taxpayers. Here we have detailed those introduction changes in the post, Check out them: Preparation to proceed the […]
The Delhi High Court has limited the tax authorities The Income Tax Department has commenced taking actions against unidentified /nameless property and black money. The Department has issued notices to 2000 people from submitting show-cause notices to 13 banks for not imposing the service tax on the assurance to keep ‘minimum average balance’ (MAB) in […]
Looking to grow the routes for the market but plunge by maintaining the balance sheet? Or a freelancer who has no time to maintain the balance sheet? If the answer is yes then the burden for conserving the tax can be released and one does not have to worry during the tax filing season. Budget […]