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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.
Recently, some new amendments in income tax return e-Form 2 and 5 have been proposed by the income tax department. According to the latest notice published on the e-filing website, the utilities of ITR (income tax return ) 2 form and ITR-5 form has been changed in order to fix the bugs identified during filing […]
On 24th July, the CBDT will conduct a taxpayer e-assistance campaign across the country to acknowledge the 159th Income Tax Day. while the Finance Minister Nirmala Sitharaman will be the chief guest of the event, as mentioned from the Officials. The Central Board of Direct Taxes (CBDT) is authorized body behind the launch of the […]
It is mandatory for all Resident as well as Non-Resident Indians to file ITRs whose total income exceeds Rs 2.5 lakh. This threshold extends to Rs 3 lakh and Rs 5 lakh for senior citizens of age above 60 years and super senior citizens of age above 80 years respectively. However, the extended due date […]
Association of Chartered Accountants is voicing out against the confluent changes in the tax return filing software and forms seeking excess information about long-term capital gains tax. In this regard the Bombay Chartered Accountant Society (BCAS) – India’s oldest voluntary body of Chartered Accountants, has written a letter to the finance minister Nirmala Sitharaman, seeking […]
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 […]
The last date for filing income tax returns for the financial year 2018-19 is landing at the terminus as 31st July 2019 (revised due date 31st August) is arriving. Fling a return without waiting for the final date can be beneficial for the taxpayers as failure to fill the returns by the due date due […]
The Union Budget 2019 has been presented twice this year by the central government. The interim budget in February is followed by the presentation of the full budget in July by the BJP government after its immense triumph in the general elections. Both budgets constitute income tax-related notifications which would affect the personal finances of […]
Recently, the income tax department (ITD) has announced that it is working on the idea of creating a real-time pan processing centre (RTPC) for issuing E-PAN in less than 10 minutes. This announcement was made in Parliament last Monday by the Minister of State for Finance, Anurag Thakur. Shedding more light on this topic, Thakur […]