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FY 2021-2022 ITR filing deadline is 31st July 2022. Nevertheless, it has been observed that most taxpayers wait until the last minute to file their ITRs. As in the past two years, some taxpayers assume that the government will extend the deadline again this year. New ITR Portal is Not Completely Operational The assessee is […]
As for yourself or as a company If you look to furnish the ITR then the term known as Form 26AS under which all the tax is filed on your grounds through your employer or customers. What is Form 26AS? The Form 26 AS is also called a tax credit statement. It is your yearly […]
During the time when the government was facing less collection from the revenue in the pandemic times, moreover, the bogus cases also harm the financial term of the government and the ability to pay. The FM Nirmala Sitaraman in the 2021-22 budget urged that the provisional attachment of the assets of those who are engaged […]
The last date for furnishing income tax returns was 31st July 2025 for non-audit cases, and for audit cases, it is 31st October. There is no point in filing it in the last few minutes. You can start the return filing process right away to avoid all the last-minute complications such as technical glitches on […]
The pen industry is facing double problems of Rs 2000 cr due to ongoing covid-19 and from the GST said the officials. The pen manufacturer states that 18 % GST has been imposed by the central board of indirect taxes “Recently, many of the exporters have come under the tracing radar of tax authorities in […]
From time to time, the government has been making changes to avoid evasion of taxes and according to a recent update, the government will soon push the efficiency of the indirect tax system These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). […]
If you have accounts in many banks, You need to be careful now, because you can come under the radar of the Income tax department. It is a better option that If these accounts are not in use, then close them. As per a report, the income tax department believes that if someone has opened […]
The government officials have told that over 1,300 exporters have claimed false GST refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects worth Rs. 1,875 Crores from different sources which are untraceable to their business. 7,516 other […]
After receiving the recommendations of the Advisory Committee for MSME Udyam Registration, the central Government comes up with: GST Identification Number Not Required for Udyam Registration Now, for Micro, Small, and Medium Enterprises (MSMEs), there is no requirement for a unique Goods and Services Tax Identification Number (GSTIN) during “Udyam Registration”. GST registration is not […]
