Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
No revisions to income tax slabs have been made in Budget 2026, and it has been reiterated that the Income Tax Act shall come into force w.e.f. 1st April 2026. The impact of the new Income Tax Act on ITR filing for this year is illustrated below. When Shall the New ITR Forms be Notified? […]
Income tax return filing in India is an important compliance requirement for every taxpayer. In the current digital world, you can submit your ITR through the Government’s official Income Tax (IT) portal or via third-party ITR software. Both options can support you in fulfilling your tax liabilities; however, they vary in terms of features, user […]
The Punjab and Haryana High Court has rejected a request for anticipatory bail from Jitender Saharan, who is accused of being involved in a significant fraud related to the Goods and Services Tax (GST). This fraud involves improperly claiming and distributing tax credits amounting to over 8.24 crore rupees. The bench of Justice Manisha Batra, […]
As the Union Budget approaches, the Indian Staffing Federation (ISF) has recommended that the Finance Ministry (FM) reduce the GST rate on staffing services from 18% to 5%. It has classified these services as ‘merit services’ and introduced women specific slab U/S 80JJAA of the IT Act. At present, there is a high GST limitation […]
CBDT Chairman Ravi Agrawal has directed the Income Tax Department to adopt a proactive stance in preparation for the upcoming transition to the new direct tax law. With implementation slated for April 1, the Chairman urged officials to execute their duties with ‘clarity and purpose’ to ensure a seamless shift for taxpayers and the administration […]
The Income Tax Department (ITD) has cited that recent communications sent to taxpayers for the specific transactions are advisory in nature and have the motive to ease the voluntary compliance. As per the department, such notices are furnished merely in cases where there is a significant gap between disclosures in the ITR and the data […]
Employee data protection in the current digital business world is among the most important responsibilities for any organisation. The Payroll department’s concerns with various crucial data, like salary details, PAN numbers, bank account information, tax records, attendance logs, and personal identification documents. Any violation or misuse of the same data can cause financial loss, legal […]
The Tamil Nadu GST AAR has decided that no tax will apply to the leftover freight money that shippers place into an escrow account. This is true as long as the money is later transferred to one of the carriers in full, without any cuts or deductions. The petitioners, B2B Trucks Private Limited, operate an […]
The Government of India has validated that work is in progress to develop a new set of streamlined income tax return forms to align with the recently legislated Income Tax Act 2025. This statement has arrived in response to an unstarred question in the Lok Sabha for the rollout timeline and features of the new […]
