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The last date to file the income tax return (ITR) for Non-Audit Cases is 31st July 2024 and for audit cases, the due date is 31st October 2024 for FY 2023-24 (A.Y. 2024-25). It is necessary to ensure that the details furnished in the form are all correct. It happens that many times the taxpayers […]
Amidst rising criticism on the multi-slab tax levied under GST, Prime Minister Narendra Modi in a recent interview to Swarajya magazine put forth his Government’s logic on the same.
The Central Government might reduce the luxury tax slab of 28% on construction items ahead of the 2019 election. The move will be aimed to stimulate the currently dull construction sector.
The technological fabric of GST intertwined with compliances complexities and multiple-stage taxing has spelt doom for the once flourishing Textile and Powerloom Industry of Surat.
Taxpayers these days are running head and toes for their documents which have to submit within 7 days after getting the due noticed from the income tax department.
The Indian GST is a very complex form of indirect tax. The discrepancies in GDP growth and per capita income growth meant that the One Nation One Tax Policy unfolded as a complex fabric of multiple tax slabs intertwined in a fabric of cess and other indirect taxes.
Around 70% of the total 1.1 crores registered businesses have been filing regular returns within the deadline, confirmed GSTN CEO Prakash Kumar.
In a recent announcement done by the government, now there will charge on the late payment of credit card bill of 18 percent. It was also mentioned that there will no chapercentTM and issuing of the chequebook.
The current sorry state of the once flourishing Surat’s Textile Industry can be attributed to the policies of the State Government.
