Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Smartphone manufacturers are optimistic about a recovery in demand, driven by tax relief in the budget 2023-24 that should encourage middle-class customers to purchase more gadgets. Experts in the market predicted that shipments, especially in the entry-level market, might increase by as much as 3%. Tax experts stated that Consumption demand and industrial growth across […]
The Supreme Court has stated that judgments taken by higher authorities should be followed in order to prevent complete anarchy in the administration of tax legislation. It was stated that failure to abide by the rulings of higher authorities would also result in excessive harassment of assessees. The Bench of Justice S. Ravindra Bhat and […]
What is Income Tax Rule 132? Rule 132 was implemented by the Central Board of Direct Taxes (CBDT) on October 1, 2022. Anyone who earns income from a company or profession and has filed for a cess/surcharge deduction is impacted by the new regulation. Importance of Rule 132 in this Situation Must be Understood The […]
The tax relief given in the Budget, according to Sanjay Malhotra, revenue secretary in the Ministry of Finance, was founded on the idea of a relationship built on trust. “The effort in the taxation part of the budget is how we simplify and build a trust-based relationship and increase revenues, but without increasing the rates,” […]
GST Input Tax Credit (ITC) is related to a taxable entity. Under the CGST Act, ITC includes IGST and CGST, while under the SGST Act, it includes IGST and SGST. These taxes are imposed on each supply of goods and services used or intended to be used in the course of business. ITC also includes […]
Overview of the Direct and Indirect Tax Proposals in Budget 2023 (Finance Bill 2023) presented by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs. Key Highlights of Finance Bill 2023 for Direct Tax In Budget 2023, the Finance Minister announced a number of changes to personal income tax, including a rise in the […]
Just one thing that now the salaried class looks forward to when it comes to the budget is the income tax incentive. When delivering Union Budget 2023-24 on 01st February, Finance Minister Nirmala Sitharaman adjusted the slabs to offer some relief to the middle class. During the presentation of Budget 2020, FM Sitharaman said that […]
According to the Goods and Services Tax Act of 2017, the Delhi High Court’s Division Bench recently ordered the return of the money the GST officers had taken into their possession, along with interest. The authorities discovered and seized custody of cash totaling Rs 1,22,87,000 during the course of the search at the petitioners’ home. […]
On February 1, 2023, Finance Minister Nirmala Sitharaman will begin delivering the Union Budget 2023-24. Middle-class taxpayers are anticipating for big tax reduction from Finance Minister this time, despite high prices and a global slump. Some of the requests of Indian income taxpayers include an increase in the basic income tax exemption level, a bigger […]
