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Search results for: Income tax Act

Electronic Assessment of ITR

Electronic Assessment of ITR Goes into Effect Across the Nation

IT Department’s scheme of electronically assessing tax returns is made effective with the government’s announcement for e-assessment 2019 on Friday. This scheme of merging tax assessment with technology will make tasks easier for taxpayers at the same time eroding the chances of various tax frauds. Though there are no interactions between tax officials and taxpayers, […]

Debt Laden Companies GST & IBC Rules

Debt Laden Companies Worried From GST & IBC Rules

It seems that the Insolvency and Bankruptcy Code (IBC) and GST are having some troubles with the norms as well as software working procedure for the resolutions. Therefore, it seems that they may visit the court for the further resolution of the matter. The major issues that conflict is that the GST software does not […]

All About GST ANX 1 and ANX 2

Easy Guide to GST ANX-1 & ANX-2 (GST New Return Filing)

GST ANX-1 and GST ANX-2 form have been added under the newer GST return filing system (GST 2.0). These forms will work as a supplement to the main returns forms, i.e., GST RET 1/RET-2/RET-3 under GST 2.0. These forms are apparently similar to the GSTR-1 and GSTR-2A forms that are used in the present GST […]

PAN While Filing ITR via Aadhaar Card

IT Dept Now Helps You Generate PAN While Filing ITR via Aadhaar Card

Modi government is consistently introducing amendments in tax laws for the convenience of Indian civilians. It is in news currently that the Income Tax Department will automatically generate Permanent Account Number (PAN) for taxpayers who file their returns using their Aadhaar Number. The rule is a servant to two masters. The provision also caters to […]

GST Annual Return Date Extended What To Do

GST Annual Return Filing Date Extended Again, Here’s What to Do Now

The due date for filing of Annual return (GSTR-9) and reconciliation statement/ audit report (GSTR-9C) has extended by the government till November 30, 2019. The taxpayers should utilize this period of three months for addressing their concerns and ensure the filing of returns on time. Since the original deadline of December 2018, the government has […]

Prime Minister's Economic Advisory Council - Bibek Debroy

High Time to Form a GST Council-like Body for Public Expenditure, Says Bibek Debroy

Deceleration & Descent of various sectors have been a matter of concern for Prime Minister and Finance Minister of the nation and so they have been pressing pedals to revamp the economic scenario which can give wings to soar to all the sectors. The Finance Minister and the officials of Prime Minister have been meeting […]

ITR Cyber Criminals

Alert ITR Filers! Cyber Criminals are Eyeing To Steal

Income Tax Return filers need to be very alert as the bogus messages of Income-tax Department is becoming run of the mill. A company which invents protection software for the computer and mobile has informed that the fake messages of income tax department are summing up these days. Cybercriminals send these bogus messages to steal […]

Reliance Industry

Believe it or Not! This is How Much GST Paid by Reliance Industries

India’s economy is currently running towards 1 lakh crore or 1 trillion and fluctuates sometimes due to multiple reasons. The government is also on its toe to fetch as much as tax from the businesses. Countries biggest industrial chief Mukesh Ambani recently made some of the staggering announcements at its 42nd annual general meeting held […]

20 percentage GST Annual Return Filing

Alert! Less Than 10 Days Left For GST Annual Return Filing; Portal Hangs

Only 10 Days Left For GST Annual Return Filing. It is a very alarming situation for both the taxpayers as well as for the government due to the reduction in GST return filing status. The GST portal is also said to be in slow processing. The portal is currently under stress due to a lot […]

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