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Now Income Tax Officers may be rewarded by the Central Government for settling all impending issues related to non-payment of direct taxes.
Income tax return documents generally include rent receipts, rental agreement, section 80C tax saving, and other related documents.
The debate over the effectiveness of Demonetisation has remained a see-saw affair amidst changing goal posts. Today the currency circulation is at par with pre-demonetisation levels but the reasonability behind the November 04 decision deserves a closer unbiased look.
The IT department said that to demand income tax exemption, online applications must be filed by hospitals, religious trust, educational institutions and charitable.
Get ready to face the truth of doctors and chartered accountants whom general public trust blindfolded. These two professionals are responsible for their trust and accuracy but this time income tax department has proved them wrong.
In a statement released by the Central Board of Direct Taxes (CBDT), it was revealed that there has been a growth of 80 percent in the number of income tax return (ITR) filers in the past 4 years.
SAG Infotech Navratri offer comes up with various exciting discounts on taxation and payroll software. There is 5 software on offer with interesting discounts.
The recent data formulated by the Income Tax (I-T) department indicates a 40 percent increase in e-filing of I-T returns. The current count of e-return filing stands at 4.37 crore as opposed to the 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17).
The government is now ready to tighten up the scrutiny of all the taxpayers as according to one of the officials. the tax department will now compare multiple tax data of an individual to ascertain any tax leakage.
