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The government is ready to solve all the queries regarding the GST registration and in relevance, there will be a webinar conducted on the topic of GST registration. Titled with the ‘MyGov Samvaad, this sixth webinar will considered all the questions and topics related to the GST registration. As already know by the name My […]
Ministry of corporate affairs stated that form NDH-1, NDH-2 & NDH-3 with substituted forms and further revised form NO. NDH-1- Return of Statutory compliance, form NO. NDH-2 Application in order to extend time along with form NO. NDH-3 return for Nidhi company for 6 months. Let us go through the complete notification issued by the […]
As mandated by the constitution of India, Income tax return filing is a foremost requirement by all registered taxpayers in India. Thanks to the outbreak of technology in India, the ITR filing can now be done via both Online and Offline modes. E-filing or electronic filing is the newly inaugurated process for filing online Income […]
The government has recently revealed the GST late penalty collection revenues for the past 9 months which averages 200 crores for a month. As per the data of the Nine-month period of April to December 2019 the total GST late fees were INR 1898 crores. Apart from the late penalty, the government has also garnered […]
It is cleared by the Bombay high court that provisional attachment power is not a universal power given to the department and it has to be used in certain special situations. The judgment was in the middle of one long decision taken by the court in the writ petition which was filed by the M/s. […]
The industries were on the verge to broke as they were sincerely pleading for the reduction in the tax amount of direct taxes at par with the indirect tax rate cut from the previous budget. The union finance minister Sitharaman met the industry representatives in order to convince them to deposit their due taxes on […]
The 39th GST Council meeting has been concluded on 14th March 2020 in New Delhi in the chairmanship of Union finance minister Nirmala Sitharaman and other panel ministers. The GST Council has taken some of the firm decisions based on the requirement of the market. Also, the Infosys which is the main developer of the […]
Recently the income tax department has launched the e-calculator for the taxpayers to find out the benefits on their income tax received by the individuals. The taxpayers can find out their tax liability through the e-calculator and was also announced that the individual can change their tax slabs as per their wish. The e-filing website […]
In a bid to simplify the taxpayer’s compliance, the Central Board of Direct Taxes (CBDT) has announced that the taxpayers are now free to switch between newer income tax slab offering lower tax implication from the current one without exemptions. As per the statement, it was said that “Let it be very clearly noted that […]