Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Budget 2020 had many surprises but one thing which is getting most of the attention is that It now allows a taxpayer to choose between the existing income tax regime and a new tax regime every year as per their convenience. While the existing income tax regime features availing benefits of tax exemptions and deductions, […]
Non-compete agreements between sellers and buyers are now under the tax levy net. Such agreements come into effect when the seller assures the buyer that it will not come in competition with the buyer for a designated period of time. Already received by several private equity firms, strategic investors and others who have purchased businesses […]
The norm w.e.f 15 February 2020, states that all the importers and exporters are obliged to duly mention their GST Identification Number or GSTIN in the goods shipping documents. This current norm is a part of the government’s endeavor to demolish tax evasion from the country. Relevant to the scenario, the Central Board of Indirect […]
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 […]
Central GST authorities have started ordering the businesses to come up with a bunch of dozen important documents like various GST returns (GSTRs), copies of the annual report, GST registration certificate, Income Tax returns, tax and internal audits, reports of cost, cash ledger and work orders, etc. Central GST authorities are collecting these records pertaining […]
Now, the TDS benefits will be granted for the assessment year for which corresponding income is assessable, as per the ruling of the Income Tax Appellate Tribunal (ITAT), Pune. This ruling was jointly delivered by Vice President R.S.Syal and Judicial Member Viswanethra Ravi in reference to the appeal made by M/s. Mahesh Software Systems. The […]
The total of 245 Star Export Houses and 5,000 other exporters went alienated from claiming their shares of Input Tax Credit (ITC) from the government due to taxman’s heavy investigations. On the other hand, amidst the existing exports decline, merchandise exports declined by 0.34% year-on-year in November consistently for the fifth time in the past […]
Central Board of Direct Taxes (CBDT) in its current notification has declared to extend the due dates of filing returns in response to tax notices received by the taxpayers u/s 142(1). The step is determined to provide taxpayers and other concerned professionals relief from sudden compliance and allotting them enough time to sort their legal […]
Income tax is a mandatory return to be filed by every taxpayer once a year and here we will gain some basic as well as important insight into the Income tax-related question with the help of relevant frequently asked questions on income tax returns. We will go through the FAQs with an easy and meaningful […]
