Powerd By SAG INFOTECH
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Recently the income tax department has launched the e-calculator for the taxpayers to find out the benefits on their income tax received by the individuals. The taxpayers can find out their tax liability through the e-calculator and was also announced that the individual can change their tax slabs as per their wish. The e-filing website […]
With the intention of bringing every taxpayer under the radar of GST Compliance and to evade GST frauds, the government has decided to reward everyone who pays tax honestly. Some internal sources revealed that in the form of reward from the government honest taxpayers will get a considerable relief in Income tax they are paying. […]
There are always two sides of a coin and this is true for GST too. While we can agree to disagree on its immediate effect which has witnessed a mixed bag of complementary as well as stern-criticizing reviews from the common taxpayer and business community alike, we must also try to draw a parallel between the erstwhile VAT and the current GST regime.
Research and development (R&D) Centres in India especially pharmaceutical, biotech and manufacturing companies went to Delhi Court as the government denied to provide tax benefits under GST.
The Society of Indian Automobile Manufacturers held meetings with three state governments in recent weeks. The state government of Maharashtra, Gujarat and Karnataka assured the SIAM members that they will stick to their earlier commitments.
In the current scenario, everyone is taking loans whether they are taking a loan for marriage purposes, for vehicle purchase, for business purposes or any other reason. It can be taken by security or pledge of any assets or if you are a salaried employee then also you can take a personal loan on the basis […]
Nowadays, it is impossible for a common man to purchase a house in his own name and from his own Income due to inflation. So if a person wants a residential house, he can buy the same with easy EMI facilities. EMI facility is beneficial for buying a home with a starting limited down payment and the […]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) on October 31, 2025, ruled that a taxpayer’s claims under the new tax regime could not be rejected because of a delay in filing the Form 10IC, after the legal deadline. The same ruling has been arrived at in the backdrop of a case submitted […]
The case of Rakesh Saxena vs. PCIT before the ITAT Ahmedabad concerns a dispute over the tax treatment of Voluntary Retirement Scheme (VRS) benefits received by the taxpayer, a former employee of GE Power India Ltd. The Principal Commissioner of Income Tax (PCIT) has initiated revision proceedings u/s 263 of the Income Tax Act, 1961 […]
