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In this portal, the articles and trending news for taxpayer about the income tax are being written and all these articles and news covered the information about the income tax updates, registration, filing process, form details, along with other financial coverings.
The news and articles on income tax are the centers of reading where people seek their interest. So we had collected all these in one portal where readers can read it easily.
The taxpayers and CAs will get aids from this portal of SAG Infotech in filing their returns or managing their businesses. Also, we have other interesting categories related to the latest news under GST and TDS updates.
The trending income tax news and informative tax articles are thoroughly written by the professional CA who seeks the information and writes it accordingly. Hence updated articles with no error will be catered before you.
Jammu and Kashmir may now come under the premises of equalization levy. With the abolishment of Article 370 in the Parliament, e-commerce companies advertising on global social media, which were earlier immune from Google taxes on their operations in Jammu & Kashmir, will now have to furnish tax up at 6 per cent. As per […]
An individual needs to be very cautious while filing returns as any incorrect information furnished in returns may get you penalized by the tax authorities or even put you behind bars. The Income Tax Department can impose a penalty of up to 200% on you for filling in incomplete information in ITR. Most salary-class people […]
The Income Tax department has claimed that allegations projected by industry leaders Kiran Mazumdar-Shaw and Mohandas Pai are false. These leaders purported that the tax officials are heckling businessmen. This contention got wings to roar in the recent deathwatch of the VG Siddhartha, founder of Café Coffee Day (CCD). Pai who was a former director […]
The onset of the Tax Audit spell is a buzzing alarm for CAs to update their knowledge about different clauses of the Form 3CD and form a checklist to move in tune with Tax officials. C.A.s may prepare and follow a step-by-step procedure which is in compliance with the I.T. rules and regulations to stay […]
A salary structure encompasses various components such as basic pay, various allowances, annual bonus and reimbursements, etc. Various components such as House Rent Allowance, EPF etc curtail the tax liability of an employee and hence elevate his savings. Some of the components are fully taxable, some are fully tax-exempt and some are partially taxable. Fully […]
Taking a step towards the ease of the taxpayers, the Income Tax Department has launched E-filing lite services. This favourable approach by the tax government will prove to be of great help for taxpayers in e-filing of returns. The feature is initiated on the link www.incometaxindiaefiling.gov.in. Tax Authority says, “the department is glad to inaugurate […]
It is vital for NRIs to file their income tax returns on time while living in India. As NRI citizens can make investments, and hold their own bank accounts, house property & other assets in India, they should keep in mind that filing annual returns helps them stay away from any tax penalty and prosecutions. […]
Taxpayers are compiling various documents to file an ITR with correct figures. Most of the businessmen have hired professionals and purchased taxation & accounting software for e-file ITRs effortlessly and errorlessly. Salaried individuals are also under an obligation to file ITRs by using Form 16. Form 16 is not only a basic document but an […]
HRA or House rent allowance is one of the benefits received by salaried employees. The benefit is paid to the employees who are living in a rental property and paying rent to a landlord. If so, then can claim tax exemption on the rent amount. Now, many income tax filers are not aware that they […]