• twitter-icon

Search results for: Income Tax Act

Payments of House Tax

Know Why Timely Payment of House Tax is Necessary?

Non-payment of the property of house tax has serious consequences. It can lead to a penalty or legal consequences or both. It can also cause serious troubles if you sell the property later. The department recently said that they are planning to seize the property and valuables of the property tax defaulters. On 20th February […]

Taxable Income To Be Higher

Filing Tax Returns? Taxable Income To Be Higher Sans Rebate

A taxpayer is going to receive the advantage of the rebate if the taxable income calculated after the eligible tax exemptions and deductions results to be less than INR 5 Lakhs. Under the current provisions of the Income Tax Department, a taxpayer can enjoy a maximum rebate of INR 12,500 under section 87A of the […]

ITR 1 Filing Via Genius Income Tax Software

Easy Guide to File ITR 1 by Gen Income Tax Return Software

An income tax return can be filed online through the government website portal or by any authorized software. In this post, taxpayers can get all the information to file an online income tax return via the Gen I-T software. Income Tax Laws are the list of provisions set by the government in order to maintain […]

No Service Tax Refund Without Supply

Service Tax Refund Not Applicable Without Supply Under GST Invoices

During judgment of a recent case, the Customs Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has stated that Service Tax Refund paid are not applicable to subsequent GST invoices In a recent announcement, the Finance Ministry has said that no GST invoice will be required for the goods that were taken abroad for exhibitions […]

Form 10-IC and 10-ID for Corporate Taxation

All About Form 10-IC & 10-ID CBDT Corporate Tax for Concession

What is Corporate Tax? Corporate tax is a direct tax applicable to all the companies registered under the Companies Act of India and they are required to pay the corporate tax as per the rate decided by the Ministry of Corporate Affairs. The Corporate Tax rate cut was one of the sensational happenings of 2019. […]

file income tax returns

Bland Guide to e-File Income Tax Returns with Deadlines and Eligibility

As mandated by the constitution of India, Income tax return filing is a foremost requirement by all registered taxpayers in India. Thanks to the outbreak of technology in India, the ITR filing can now be done via both Online and Offline modes. E-filing or electronic filing is the newly inaugurated process for filing online Income […]

Number of Taxpayers Revealed

Number of Tax Filers & Taxpayers in India Revealed: Check Out

Paying heed to the current analysis given by the Income Tax Department on Thursday only 1.46 crore people in the country are under tax-paying net. The said analysis is the affair of the day following the statement of country’s Prime Minister Mr. Narendra Modi who said that out of 130 crore people only 1.5 crore […]

Income Tax Scheme

IT: Condition on Switching Income Tax Scheme & Who Can’t?

Budget 2020 had many surprises but one thing which is getting most of the attention is that It now allows a taxpayer to choose between the existing income tax regime and a new tax regime every year as per their convenience. While the existing income tax regime features availing benefits of tax exemptions and deductions, […]

Tax Settlement Scheme

Tax Settlement Scheme Must be Analysed Again: Indian Industry

The industries were on the verge to broke as they were sincerely pleading for the reduction in the tax amount of direct taxes at par with the indirect tax rate cut from the previous budget. The union finance minister Sitharaman met the industry representatives in order to convince them to deposit their due taxes on […]

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Genius Software