Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
As seen from very long, the GST Debate is going well with enormous talks going again and again in parliament, Lok Sabha, Rajya Sabha and where is needed to reform the taxation scheme currently prevailing in India. Till today, Indian business units are running with basic indirect tax scheme which includes various steps and channel gates by which a tax payer has to undergo.
The National Association of Manufacturers, largest manufacturing association in United States, with an aim to increase investment and grow themselves in the Indian manufacturing market, sent an urgent request to the Obama administration to remove the obstruction from the trade and taxation in the Indian economy.
Goods and Services Tax is the most important taxation reform in India since independence as it breaks the currently indirect tax regime and makes a single market for a dozen state levies. Every newspaper is making a headline about the GST at their front page.
SAG Infotech has increased the price of its products including Genius, Gen IT, TDS, Balance Sheet, Gen XBRL, and Gen CompLaw. As per the sources, the company has taken this decision because the products are developed with more features. Therefore, this is a golden chance for you to buy this software with advanced tools. Genius […]
The income tax addition of Rs. 1.61 crores has been deleted by the Mumbai Bench of Income Tax Appellate Tribunal (ITAT), because the seized documents lack information as to the date and mode of receipt of “on money.” The bench of Anikesh Banerjee (Judicial Member) and B.R. Baskaran (Accountant Member) has remarked that the entries […]
As an employer, it is a statutory and moral obligation to build a leave policy that enables them to take time off when needed. There are distinct sorts of leaves that employers should furnish their employees, in India. In this very blog, we shall delve into distinct sorts of leaves and the statutory policies controlling […]
GSTN notified the incorporation of the GST e-way bill 2 Portal by NIC on June 1, 2024, through an issue advisory on May 28, 2024. Accessible at (https://ewaybill2.gst.gov.in), this portal shall function in parallel with the main E-Way Bill portal (https://ewaybillgst.gov.in), ensuring high availability and quick synchronization of e-way bill details. The new portal keeps […]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) stated that the date of possession of the new property is to be deemed as the date of acquisition and the taxpayer is entitled to deduction u/s 54 of the IT Act on the purchase of the new property. The bench of Raj Kumar Chauhan (Judicial […]
The Kerala High Court ruled that the land in question was utilized for agricultural purposes, which yielded agricultural income, which in turn was exempt from income tax u/s 10(1) of the IT (Income Tax) Act. No material produced by the petitioner is there that suggests that the loan amount claimed during the assessment year in […]
