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Search results for: Income tax Act

FM in Support of Personal Tax Cut

FM to Consider Suggestions to Cut Personal Income Tax Rates

Finance minister Nirmala Sitharaman told on Monday that the suggestions to cut down personal income tax rates, by lawmakers to encourage demand, has been presented to the board and she also assured that the Government of India (GOI) will “take action at an appropriate time”. FM also added that the rate cut would though-out for […]

GST on Composition Scheme Final Costing

Impact of GST on Composition Scheme Final Costing

The composition levy scheme is an optional scheme for small taxpayers to reduce their tax burden in the easiest, legal and convenient way. It is a voluntary scheme by the Central Board of Indirect Taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike […]

AGM Due Date for New Company

AGM Due Date for New Company Under Companies Act 2013

Under the purview of the Companies Act 2013, the Annual General Meeting (AGM) holds significant importance in the governance and compliance structure of companies, especially for budding enterprises stepping into the realm of corporate operations. As per Section 96 and Secretarial Standards 2 issued under section 118(10) of the Companies Act 2013, every company other […]

Downward Sloping GST & Direct Tax Collection

Challenge for Governance: Downward Sloping GST & Direct Tax Collection

The government has to put in extra efforts to achieve its tax collection targets for FY 2019-20, stated by Lok Sabha. As per the data accumulated for the first seven months of the current fiscal year, the direct tax These types of taxes are directly imposed and paid to the government of India. Example of […]

Charted Accounted Software for Firms

Free Download Chartered Accountant Software for Tax Firms

In the digital era, when many new chartered accountant software eventuates 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 – […]

Solved Questions Income Tax Return Filing

Solved! Major Queries Related to Income Tax Return Filing

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 […]

Tax Officials Want Retire

Tax Officials Seeking Voluntary Retirement! Why?

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 […]

Due Date for Income Tax and GST Act

Income Tax and GST Compliance Calendar of November 2024

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 November compliance […]

Suggestions from Taxpayers on Income Tax Rates

Finance Ministry Seeks Suggestions from Taxpayers on Income Tax Rates & Duties

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 […]

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