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CBDT has recently made a declaration that August 31 is the last date to settle down the income tax returns for all the taxpayers. These pending ITRs belong to 6 assessment years from 2009-10 to 2014-15, which are due for processing and issue of refunds because of the non-filing of ITR-V acknowledgement form at its collection centre based in Bengaluru.
The income tax department gave a surprise to all payers of TDS by making an announcement that now department will pay interest on delayed TDS deduction refund and will also not lawsuit with the deductor on this issue in the future. The Central Board of Direct Taxes (CBDT) has given instructions about this to officers […]
Government is planning to simplify the efforts for the income tax payers by reducing the assessment time of an individual’s tax returns by picking up random inspection to be done in one year.
The recently announced Union Budget 2016-17 has not made a positive impact on many of the Indian salaried employees and left them wondering whether they are rich or poor. But, in this whole mess of provisions, there’s a lot of ways that would help you out in saving your bulk of tax. To help you […]
The Revenue Secretary Hasmukh Adhia said that the tax liabilities that the Vodafone and Cairn are facing cannot be rejected. Nevertheless, to remove the interest and penalty, it has done the most. During an interview with PTI, there was an indication by the government towards the companies facing taxes paying to enactment of a law […]
When the last date of IT filing arrives close, every taxpayer worries about how to calculate the taxable income and online e-filing of the income tax return. The income tax return has to be mandatorily e filed in case your income is above the basic slab rate. However, paper returns can be filed by those […]
Income tax is a kind of direct tax among the two types of taxes – direct tax and Indirect Tax. Income Tax is charged by the government on the income earned by the taxpayer or any profit or revenue generated by him in a specific Fiscal Year i.e. the year in which income is generated. […]
In Today’s taxation world, People are so confused about getting online e-filing. They do not complete the preparation of the papers and many accounting works. As we know there are several taxes applied by the Indian Government as well as income, service, TDS, wealth, etc. So we have to need software, which can e-file several […]
Welcome to the official blog of SAG Infotech Private Limited Here you can find all the latest and updates news, articles, rules and regulation related to the taxation industry with official notifications including GST, Income Tax, TDS. One can also go through product-related articles and description and can request for a free demo through the query […]
