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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.
For many service-class people, it is a struggle to file an income tax return (ITR) or to make savings declarations at the beginning of the financial year, because many people do not have a better understanding of it. And worthwhile, by making accurate savings declarations, the individual can avoid heavy income tax and can also […]
In a general issue regarding the mismatch in names occurring in the PAN card and Aadhaar card has been surging day by day as in the common process to link the Aadhaar card to the tax return file, the issue of name mismatch recurring in every taxpayer application.
Finally, Lok Sabha which passed the Finance bill completed the budget session which is an important exercise for this year 2017-18 in order to get the best out of economic agenda. As the finance bill is a depiction of the Money bill, it must pass through the Lok Sabha and after all, these, starting from April 1, 2017
On a mandatory note, the government has mandated the Aadhar Number to be used while filing the income tax returns and applying for new Permanent Account Number (PAN) card starting from July 1 in order to tie the knots more strictly over the miscellaneous system being operational under the government schemes of taxation and other business applications.
The government along with income tax department is now taking some strict actions against all the doubtful account holders showing and in the same league, in an offer to clip down on unaccounted money piped into bank accounts post demonetisation, the tax office has examined and coordinated upwards of 1-crore accounts and requested that 18 lakh individuals clarify the wellspring of reserve.
The government has been very strict in the creation of various amendments and passing of bills which can make the GST easy to lay out in the nation and its economy.
The Government clarified the taxation on black money and stated that as a penalty 50 percent tax will be charged if the individual surrenders the unaccounted money or 85 percent would be charged in case the person gets caught red handed with the unaccounted money.
The Tax Department has announced an SMS facility to be provided for the 2.5 crores of taxpayers regarding quarterly Tax Deducted at Source (TDS) deductions. The facility will be offered by the Central Board of Direct Taxes (CBDT).
Indian Government finally took a responsive action towards the tax structure and studying in depth situation of the monetary part of taxes which are accrued annually on a meager basis. The tax authorities are giving a humble credit to all those taxpayers who declare their concealed income.