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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.
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 […]
In this post, we have discussed the income tax provisions for doctors that should be remembered with the tax presumptive scheme. Doctors, perform noble and busiest professions in the country. They work for approx 9×7 a week and maybe more to help the people in the fight with their sufferings. They really do not have […]
Apart from paying Income Tax, there are several other forms of taxes, which Indian citizens have to pay as per law. When you are doing a job, earning money, you pay income tax. When you buy stuff from the store, you generally pay sales tax. As we can not come up with every such example […]
CBDT has recently made a declaration that August 31 is the last date to settle down the income tax returns for all the taxpayers. These pending ITRs belong to 6 assessment years from 2009-10 to 2014-15, which are due for processing and issue of refunds because of the non-filing of ITR-V acknowledgement form at its collection centre based in Bengaluru.
The Central Board of Direct Taxes (CBDT) announced that the disclosure of the acquisition cost of all the assets like land, building and jewellery is mandatory, via each and every assessee, who have annual income above Rs 50 lakh amount, in the Income Tax return forms for assessment year 2016-17.
Panama Papers is a high-profile issue in the country as recent and today it again caught up fire when Finance Minister Mr. Arun Jaitley announced today in Frankfurt that our Income Tax Department sent notices to all the 500 Indians names disclosed in the list produced last month for allegedly stashed money in the offshore […]
New Delhi: According to the fresh data disclosed by the government, only 1 percent of the Indian population account as tax payers in the country. Though, for as many as 5430 persons, the tax expenditure was more than Rs. 1 crore, said the latest statistics for the 2012-13 assessment. The overall number of individuals who […]
The income tax department gave a surprise to all payers of TDS by making an announcement that now department will pay interest on delayed TDS deduction refund and will also not lawsuit with the deductor on this issue in the future. The Central Board of Direct Taxes (CBDT) has given instructions about this to officers […]
The Indian income tax department may send a notice to call all Indians whose named leaked in Panama Papers. The notices could be sent within 2 months. Recently, the panama papers news was picked up a big issue in India as the more than 500 Indian names including top industrialists and Bollywood actors that mentioned in […]