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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.
The government on encountering the deficit indirect tax revenue collections in comparison to the estimated targets antes up more stringent rules that administer the payment of an additional fee – to shun the income tax violations. The government kicks in new guidelines of more than 30 pages under direct tax laws, 2019 to restrict the […]
With the coming budget on July 5 this year, we could witness an increase in income tax limit from 2.5 lakh to 5 lakh as suggested from ASSOCHAM. Also, the ruling government is considering to imply tax on cash withdrawal of above INR 10 lakh in a year. It will not only help in promoting […]
Recently, the Income Tax department has extended the final date for employers to disperse Form 16 TDS certificate to its employees till 31st July 2021 for FY 2020-21. Along with this, the income tax department has also extended the last date to file the TDS return in Form 24Q by one month till 15th July. […]
Recently, the indirect tax department has requested the government to reduce the tax collection target for 2020 owing to slow economic growth in the country. However, the government has politely declined this request made by the CBDT. This has also increased the difficulties in the upcoming interim budget that is going to be presented by […]
Many new changes are anticipated to be taken in by the Nation with the appointment of new finance minister by newly elected National Democratic Alliance (NDA) government.These mutations may include taxation on cash transactions, taxation on inherited property, change in the fiscal year from April-March to January-December and equalising the duration of the fiscal year […]
The government of India has made some changes to income tax forms that people need to fill out while filing their income tax returns. The new forms are called ITR-1 and ITR-4 and will be used for the assessment year 2024-25. Read PDF The IT department has enabled the offline utility for MAC and Windows […]
A lot of confusion has been created among people in India with the news flashing on the internet that the income tax slab has been stretched to INR 5 lakh. So, there is quite a debate among working people in India about whether they need to file returns or not, if they fall under the […]
I-T dept again suspended the inclusion of details regarding GST & GAAR in tax audit report till 31st March 2020 that means the reporting necessity of GST and General Anti-Avoidance Rules (GAAR) details in income tax audit form has been suspended till March 2020. The mutation seemed to be backbreaking for the companies and the […]
In the present election scenario, Government is providing relief to the taxpayers. The government will soon start a first track settlement of cases related to refunds which will provide a great level of comfort and relief to the taxpayers. The hearing on the matter of early settlement of the cases related to income tax appeal […]