Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Goods and Service Tax is well ahead of many other significant issues currently running through the ministry and Parliament business and one thing industry expert are sure about is that GST will bring along some benefits including tax collection growth on the sidelines of implementation.
As for the known fact, the goods and service tax is a very significant tax rate which can afford to change the financial system forever. But suspiciousness is always there to grab the opportunities and make them turn towards worse. The country’s new tax system of Goods and Service Tax (GST) implementation is about to happen which is also working side by side with a private company to apply the famously
Now the case has been just turned into hands of income tax department again which diverged the public by the deposition scheme, as the concrete data will create an issue towards the history of money generated by an individual.
The government has been very strict in the creation of various amendments and passing of bills which can make the GST easy to lay out in the nation and its economy.
The protest has turned into a positive one, as the income tax officers all over the nation worked on Sundays to keep their demands over the fair share in the administration of taxes under the upcoming GST scheme. All India Confederation of Commercial Taxes Association (AICCTA), declares that around 36,000 Gazetted officers and about two lakh employees of Class-III and IV categories were present on Sunday to show their protest in a positive manner.
GST regime has been on its way towards the implication, and in this journey, the dream work of UPA government caught a seizure. Large Taxpayer Units are now in the black zone and will be closed down as soon as the new taxation regime comes into force.
Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date, and if the person fails or misses the due date, then there are certain provisions of penalty under the Income Tax Act of 1961. The assessing officer may contact the individual through a […]
Nowadays it is impossible for a common man to purchase a house with his own name and from his own Income due to inflation. So if a person wants a residential house, he can buy the same from easy EMI facilities. EMI facility is beneficial for buying a home with starting limited down payment and rest payment […]
The Income Tax Department allows individuals to claim a refund for depositing extra tax. An individual can claim the same online using the Income Tax Department’s e-filing portal, https://www.incometax.gov.in/iec/foportal Income Tax regulations mandate the Filing of income tax for individuals earning an annual income of Rs.2.5 lakh or more. For Senior citizens (individuals aged between […]
