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An initiative ‘name and shame’ was introduced by the Income Tax department, last year, which now witnessed a reform for this financial year. Under which from now the taxpayers of all category, who are defaulters of Rs one crore and above, their names will be published in the leading national dailies. Earlier, under this exercise, […]
Prime Minister Narendra Modi is likely to hold a conference with the top officials of the Income Tax Department of the country in the coming month. The agenda behind the meeting is the discussion on the issues ranging from ensuring the better taxpayer services to the effective enhancement in the tax base to strengthen the […]
The Central Board of Direct Taxes (CBDT) has provided clarification in details related to the queries of the Income Declaration Scheme, 2016 which has been incorporated as the Chapter IX to the Finance Act 2016. This Scheme provides an ease and opportunity again to all the persons who have not declared their income correctly in […]
Return Filing Dates of Rajasthan VAT Quarterly Return (VAT 10) for F/Y 2017-18 Quarter Quarter Period Tax deposit more than Rs. 50000/- Tax deposit less than Rs. 50000/- 1st Quarter 1st April to 30th June 14th August 2017 29th August 2017 2nd Quarter 1st July to 30th September 14th November 2017 29th November 2017 3rd […]
In order to extend the capital gains tax provisions of the recently-concluded tax pact with Mauritius, India needs to hold talks with Singapore on the renegotiation of the tax treaty.
The Reserve Bank of India has appealed the income tax assessees to pay all their pending tax dues in a given deadline in order to avoid rush or any applicable penalty. At present, RBI has functioning with 29 banks that facilitate the taxpayers to pay off their income tax advances at the local branch. RBI […]
Ever checked out your bill precisely every time you go and dine out in a restaurant? If yes, your food bill would certainly have been more than what you expected. And in a rush, you don’t even try to cross check for the charges levied and leave the restaurant after paying the bill. The scenario […]
Filing a NIL income tax return is not mandatory if your total income is below the basic exemption limit as per the Income Tax Act. But it is always recommended that you file an ITR if there is any source of income earned by you in a financial year. If you are finding the task […]
The Indirect tax collections witnessed the sharp rise in the graph of excise collection due to the increased excise duty on the petrol and diesel. An official statement expressed,”Indirect tax collections for the month of April 2016 was Rs 64,394 crore registering a growth of 41.8 per cent as compared to Rs 45,417 crore collected […]