• twitter-icon

Search results for: itc

CBDT Respond to Gujarat HC for Audit Report and ITR Filing

Not Possible to File ITR and Audit Reports Physically, CBDT to HC

The high court of Gujarat has asked the Central Board of Direct Taxes ( CBDT) to fix the technical problems which has been faced by the taxpayers while filing the Tax Audit Report (TAR ) and Income tax returns (ITR), warning to expand the deadline to March 15 in case the job is not been […]

Need Regular Reconciliation in GST 2022

Proper Reconciliation Mandatory for Running As Per GST 2022

Performing reconciliation is required before filing returns towards monthly, quarterly, or annual returns. It does not have any influence as to what methods or when the business executed a reconciliation. Thus now there is a right time to know and discuss the reconciliation task as the government makes important amendments to the GST law which […]

Find Appropriate Solution of ITR Portal Technical Errors

Immediate Resolve Critical Technical Errors on Tax Portal, Gujarat HC

The petitioner, Chartered Accountants Association, Surat (CAAS) urged the hurdles that the taxpayers see while uploading the audit report towards the intention of furnishing the ITR. the Circular No.17/2021 provided by the Ministry of Finance Department of Revenue, CBDT on 09.09.2021 compare to the extension of the time limit for furnishing the ITR and distinct […]

Why Should Revise Personal Income Tax Rate?

Most Important Reasons to Revise IT Rates for Individuals

The upcoming budget is expected with the hope that the taxes will be exempted, particularly for the salaried people. Budget 2025-26 is coming at a time when the economy is going to recover. People’s income has been affected by this as they lost their jobs, pay cuts were executed, and various businesses were forced to […]

Must File GSTR 1 on Time from 2022

Timely e-File GSTR 1 Form from 2022 to Avoid GST Litigation

What is the Amendment Circulated via Govt in Filing GSTR-1 & 3B from 1st Jan 2022? Earlier taxpayers (Supplier) were unable to furnish GSTR-1 or practice the IFF on the GST portal if they had due GSTR-3B filings for the past two months (monthly filer) or for the last quarter (quarterly filer) as per CGST […]

GST on Electricity via NTPC Report

More Than INR 5,000Cr Loss If 5% GST Levy on Electricity

A proposal to draw the electricity under the GST regime will make a loss of Rs 5780 cr towards both centre and state. In the report, a 5% GST rate would be recommended for electricity. In the case when all the current electricity duties are included in GST the losses surge to Rs 59000 cr […]

Issues for Not Choosing New Tax Regime

Big Reason, Why Few Taxpayers Are Selecting New Tax Regime?

Beneath the policy, those assessees who opted for the newer or another tax regime that is presented in budget 2020 AY 2021-22 the initial time on which they needed to furnish the returns. Towards the concern, the salaried assessee poses an option to switch between the 2 tax regimes during the ITR filing. The current […]

CBDT Amendment for Faceless Appeal Scheme 2021

CBDT Revises Faceless Appeal Scheme 2021 for Personal Video Hearings

The faceless appeal scheme has been revised by the Central Board of Direct Taxes ( CBDT). Whenever the taxpayer makes a request, then a personal hearing through video conferencing / telephony will be applicable in all circumstances. These are the key changes that have been made this time. Another issue that has been looked at […]

GST Taxman's Lens Over Food Discounts from 2022

GST: Food Discounts May Come Under Radar of Taxman’s Scrutiny from 2022

Under the GST regime, the coupon discounts furnished via food delivery platforms engaging with Zomato & Swiggy need to face the taxman’s investigation starting from Jan 2022. The problem is about the discounts provided via delivery apps with respect to the specific credit card, debit card, or digital wallet towards doing the payments. People just […]

Follow Us on Google News

Google News

Latest Posts

Best Offer in 2026

Powering India's Taxation Experts with Innovation

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Genius Software