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On Wednesday near about 8000 private bus drivers establishing functioning buses for educational institutions on state carriage permits, is permitted the advantage with 100% privilege on the motor vehicle tax till December 31 which comes into force from March 23. The cabinet has opted for the decision as of covid-19 The union finance minister Nirmala […]
Under Section 153C the Madras High Court rules that the examination is on the grounds of related documents or evidence found through the search. The taxpayer is the owner of S.R.Trust which is the enrolled trust who does charity. Under section 132 a search was done in November 2014 with respect to the managing trustee […]
The tax professional and the businessman are against the assessment of the previous cases of 2013-14 intended by the state GST when there was value-added tax (VAT). 20 November is the last date to which the stakeholders see it impossible in accordance with the deadline to complete the assessment. The businessman and the tax professional […]
The employees of the central government who are liable to buy goods and services for their wives or other members of the family who is calming the LTC fare. The employee can avail exemption on the purchase of goods and services in the 2nd set of FAQ given by the council of expenditure on which […]
Furnishing of income tax returns is important. The income tax is mandatory for the people who have passed away. According to the income tax department of India tax must be furnished for the year in which the individual has died. Various people do not have any idea about this rule. It is another essential thing […]
To increase the spending on the festive season the ministry of finance prolonged the advantages of LTC cash voucher scheme on Thursday to the government employees other than central. “In order to provide the benefits to other employees (i.e. non-central government employees)… it has been decided to provide a similar income-tax exemption for the payment […]
Assocham, CII, FICCI, and the US India Strategic Partnership Forum (USISPF) comes under the industry forms who propose the Finance ministry sought the privilege on the personal tax of individuals who are NRIs for 3 years. The motive is to develop India as an attractive destination for refugees handling foreign direct investments (FDI) for the […]
Currently, almost all the tax filing solution providers offer cloud services through which all the confidential data is being stored in the company’s server. Generally, cloud data servers are now widely used by every company, but, there is a significant loophole in this data storage. We have talked about foreign investors who are equally staking […]
The Central Board of Direct Taxes (CBDT) has said that an income tax survey will be conducted to collect information for scrutiny by Tax Deducted at Source (TDS) directorate only after approval from the Principal Chief Commissioner or the Chief Commissioner level officer. The board by releasing directed the officers that where any survey action […]
