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The Indian government has recently notified the PDF format of all the Income Tax Return (ITR) forms for AY 2023-2024 under the tax regime. It is mandatory for all the taxpayers in India to file their returns on time as per the government rules and guidelines. Although, in order to make the tax compliance process […]
GST council had already finalized the decisions regarding the alteration in the GST rates on real estate to 1% & 5% for affordable houses and other under construction properties respectively.
India Inc, the service sector including the Government and the Corporate sector, has got a hint regarding tax rebate from the Finance Ministry.
Tax officials propagated that the Income Tax Department has introduced a modification in the process of issuing refunds to the taxpayer. The department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques, depending on the category of taxpayers. But from this assessment year, tax refunds will be issued […]
Refunds of many importers have got cemented due to the fact that refunds are not subject to the self-assessment of the transactions, as explained by the income tax department while declining the reimbursement.
The goods and services tax (GST) is a value-added tax charged on most goods and services sold for domestic consumption, introduced by the Constitution Act in 2016.
GST Council has from always been an Institution known not just for ensuring the better implementation of GST in the country but also had stood strong on the anti-evasion measures.
Is GST actually stimulating or discouraging cashless economy? The same can be understood with this case study of a restaurant in Mumbai. This restaurant is a dinner point for well-breads family and a choice of high-class society.
The general elections of India will most probably be held between April and May 2019 to form the 17th Lok Sabha. So before the general election of 2019, the Finance Minister Arun Jaitley will announce the first budget of this government on 1 February 2019.
