Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Here’s a simple method to understand ITR processing time. In addition, we provide types of notifications that are sent after the successful processing.
The Income-Tax Department has recently issued notification notices to 22,000 taxpayers, which include both salaried individuals and high-net-worth individuals as well as trusts. These notifications were sent because there were inconsistencies detected between the deductions declared in their Form 16 or Annual Information Statement (AIS) and the data available in the possession of the Income […]
In August 2023, Punjab’s GST collection saw a significant 31% year-on-year increase, attributed to robust business growth and improved monitoring to plug revenue losses. The total GST revenue, including SGST and IGST, for that month reached ₹1,713.41 crore, up from ₹1,306.88 crore in the same month of the previous fiscal year 2022-23, as per the […]
The applicant is engaged with M/s Gold Medal Electricals Pvt. Ltd. for purchasing various electronic products. The seller issues a tax invoice including charges of GST, calculated according to the provisions stated in Section 15 of the CGST Act, 2017. The applicant stated that the supplier has settled GST dues and duly filed GSTR-3B for […]
A Mera bill app has been incorporated by Punjab Chief Minister Bhagwant Mann beneath the ‘Bill Liao Inaam Pao’ (bring a bill, get reward) scheme. As per the officials, the scheme would have the objective to increase compliance under GST and hence the revenue. Latest Update The goal of the scheme is to persuade customers […]
Around 5.5 crore taxpayers may have switched to the new tax regime introduced in the budget for the current fiscal year, based on initial estimates from the revenue department. These taxpayers mainly earn up to Rs. 7 lakhs and are primarily younger individuals with incomes up to Rs. 7 lakhs, according to a senior official […]
The Delhi bench of the income-tax appellate tribunal (ITAT) has issued a positive decision in favour of an 83-year-old widow who was not required to file her IT return. The fine levied on her for failing to file her tax return was set aside by the tax tribunal. This Gurgaon-based 80-year-old had never filed an […]
The Registered Taxable Person (RTP) who is providing Chit Fund Services has been assessed an 18% interest rate by the Karnataka Commercial Tax Officer (CTO) on the net tax bill as a result of the delayed filing of GSTR-3B for the whole 2017–18 fiscal year, with the exception of only August 2017 and March 2018. […]
For the last four consecutive fiscal years, there has been seen consistent upward growth in the number of income tax returns filed by taxpayers in Karnataka state. This upward trend indicates the increasing awareness of tax adherence in the population. In the fiscal year 2019-20, a noticeable 38.18 lakh individuals filed their income tax returns, […]
