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XBRL is an encrypted form of transferring & sharing the business details and complete turnover data with the government department within an XBRL format file. Let us go through all the important frequently asked questions about the XBRL and its return filing. Q.1 – Explain XBRL XBRL is a widely acclaimed digital language used for […]
In the digital era, when many new chartered accountant software are released regularly, it becomes quite difficult to pick the most reliable, ingenious and relevant. Smart decision-makers purchase tried & tested products, and that should be the way. Availing of a free trial is the best way to make a quick uptake decision. SAG Infotech […]
The new filing system is starting up on April 1, 2020, the demonstration session about the same shall be first conducted by the Goods & Services Tax (GST) department adhering to the orders of Finance Minister Nirmala Sitharaman. FM has given orders to the GST dept to organise demo & consultation sessions for new return […]
Income tax is a mandatory return to be filed by every taxpayer once a year and here we will gain some basic as well as important insight into the Income tax-related question with the help of relevant frequently asked questions on income tax returns. We will go through the FAQs with an easy and meaningful […]
The tax collection target given under the governance of the Prime Minister has created a troublesome scenario for the tax authorities. To give stimulus to the sluggish economy, the government wants tax officials to collect 17% more direct tax These types of taxes are directly imposed and paid to the government of India. Example of […]
Adhering to tax-related compliance proposed by the Indian government is mandatory for taxpayers in India. Such compliance also inculcates adhering to the due dates of GST return filing, about the complete compliance calendar detailed here and specified by the Indian government. Non-compliance with the due dates of GST return filing as per the February compliance […]
Latest notification by the Central Board of Indirect Taxes and Customs ( CBIC ) of date December 12, 2019, notifies the extension of the due dates for filing GSTRs for the GST registered individuals whose primary location of the business is in the State of Jammu and Kashmir. The GSTRs whose due dates have been […]
The finance ministry has to come up with solid plans to get the desired figures of tax revenue. Finance Minister Nirmala Sitharaman, who was supposed to introduce measures to accelerate the stagnant economy within a month of her maiden budget being approved by Parliament. The council is asking for suggestions from separate section stakeholders before […]
Uttar Pradesh CM Yogi Adityanath is persistent in increasing the tax revenue of the state. UP with the current count of 1.4 million registered taxpayers, CM of the state is intending to increase the numbers and reach up to 2.5 million marks by the next financial year. Highlights of the meeting of tax officials with […]
