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This article will aware of the TDS claim process if credit is not reflected in 26AS, AIS and TIS forms. There is Section 205 of the Income Tax Act of 1961 that gives you rights in certain situations. For example, if you are paying 60% tax on your income but your adequate tax liability is […]
AIS app for assessees is launched by the Income tax department: Mobile app for AIS. There is good news if you are an assessee. The income tax department would have started the new mobile app known as the AIS in order to obtain the Annual Information Statement (AIS). For each transaction, the assessee shall obtain […]
Before furnishing the ITR filing last date the same might assist to check your Annual information statement (AIS) on the tax portal and show any inconsistencies in it. The government says that they support solving the issues which arise because of misreporting or the system might not have enabled to fully fetch the information. The […]
The blocking of input tax credit) under GST would be affecting businesses all over the state. As the city is the financial capital of the state, the majority of businessmen of the city would get impacted by it. In front of the state, GST commissioner Lokesh Jatav several CAs, and tax consultants asked to resolve […]
So as to enhance the clarity and simplify the tax return furnishing procedure the CBDT vide Notification dated May 28, 2020, has amended income tax 26AS form vide Sec 285BB of Income Tax Act, 1961 r.w.r.114-I of IT Rules, 1962 w.e.f. 01.06.2020. The 26AS Form under income tax comprises an Annual information statement or AIS […]
SAG Infotech once again comes up with the latest features in the Genius tax management software package including extra reporting tools. Summarized Consolidated Reports The first and the latest features one would find out when opening the Genius tax filing software dashboard and clicking on the main ‘Gen Income tax‘ tab after which there will […]
In order to encourage voluntary compliance along with deterring non – compliance, the Annual Information Statement or AIS for specific taxpayers has been made by the income tax department. However, the proper view of a taxpayer’s financial transactions can be given by the AIS. One can get the proper information just by logging and downloading […]
The authority for advance rulings (AAR), Maharashtra has recently ruled out that the services to the World Economic Forum (WEF) by the liaison office (LO) from India will not be attracting GST as there is no furtherance of service or business of this service. WEF office of liaison is a non-profit organization to shift Indan […]
Through Right to Information (RTI) wife have the right to ask the salary of their husband along with the related information said The Central Information Commission (CIC) on Wednesday. CIC has given the major declaration post-hearing the appeal furnished by Rahmat Bano of Jodhpur post IT department ruled that the income of her husbands belongs […]
