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There are assessees who are facing issues in GST return furnishing, the tax council stated that the IT grievance redressal committee will acknowledge the imposed interest and the late fee. On September 20 Central Board of Indirect Taxes and Customs (CBIC) clarified that some of the assessees are facing hardships in the updation of the […]
Apparently, as the price of fuel takes its utmost speed and as a result, it’s an all-time high. There is a survey which is going around that 77 % of citizens wish to indulge petrol and diesel under the range of the Goods and Services Tax ( GST). This scrutinize has been performed by community […]
GST department audit parameters towards the selection eligibility, required documents which could be obliged for the and proactive steps to be undergone. GST is the biggest tax improvement in our country and to a larger extent it has been stable now but the assessee is still struggling with some problems and compliances needed to be […]
Comparing observed inadequacy with ultraist purposes like an anti-national plan to destabilize the administration is inexcusable when talking about icons like Nandan Nilekani, Infosys, and the information technology (IT) industry in general. The industry’s offering to India’s development is a matter that justifies no recurrence. Recently an article was issued in the Rashtriya Swayamsevak Sangh […]
The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]
The central board of direct taxes CBDT prolonged the last date for furnishing of different tax returns up to 31st Dec for the current year however it shall remain imposed the interest upon the late payments build post to 31st July which was the previously made last date. The tax payments are to be performed […]
Form 26AS has all the required details of tax deducted concerned with the taxpayer by the deductor i.e. bank, employer etc. Therefore all the deductions of TDS which are shown in Form 16A/Form 16 can be cross-verified by the means of Form 26AS. It is to be noted that the amount of TDS should be […]
On the note of troubles faced by the taxpayers and different stakeholders while filing of Income Tax Returns including multiple reports of audit for Assessment Year 2021 – 22 behalf the Income-tax Act, 1961(‘the Act’), Central Board of Direct Taxes (CBDT) has come up with the result to expand the last dates for filing of […]
The e-filing portal of the income tax department reveals that there is a rise in the ITR filing to 3.2 lakh daily during September 2021 and 1.19 crore ITRs for AY 2021-22 even when there are issues inside the portal and has been furnished as per the statement provided through the Finance ministry. “The Income […]
