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Income Tax officials of India spouted off their objection against the new faceless tax assessment programme launched by Prime Minister Narendra Modi to eliminate the corruption & increase the tax collection, a joint letter by tax unions showcases. Delegates of Income Tax Gazetted Officers’ Association & Income Tax Employees Federation wrote a joint letter to […]
The last rate for tax return filing for the Fiscal Year 2019 i.e. 31st August seized a sum of 49,29,121 tax returns being filed, as per the statement made to the press by the Income Tax department. The total number of ITRs filed in last four to five days of August is quite impressive and […]
What is AOC 4 Form in MCA? Financial statements are the source on the basis of which the Board of Directors and shareholders can evaluate the performance of a company. MCA form AOC 4 is for filing the company’s financial statement for every financial year with the Registrar of Companies. The company is responsible for […]
The Income Tax Department has made several major changes in the measures to catch the tax evaders and in the actions against them in the last few days. Now instead of raids in the country, the Income Tax Department will take direct action by setting the target. According to the senior officials of the IT […]
Statistics reveal the increasing credit card frauds in the past two years. The credit card frauds have taken a toll in the Mumbai city and have risen by a massive 42 per cent. So, it is to make you aware of the increased chances of credit card fraud if you are the owner of one! […]
The Central Bureau of Investigation (CBI) has witnessed a huge difference in the income tax returns and service tax returns which led them to command the tax officers to dig the situation deeper.
The income tax department is all set to nab the income tax evaders with its pool of expertise and vast data of transactions caught by the officials through deep exploration.
After the implementation of GST, the council have decreased taxes on multiple products in various meetings. But customers are unable to enjoy the full fruits of these deductions on taxes.
The revenue department has reported an e-way bill scam worth Rupees 5 thousand crores. The e-bill system has been brought into action last year by the Government
