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The Income Tax department has highlighted the fact that people are showing bogus documents to claim ITR falsely and also there is an increment in cases where people are displaying less income then what they actually earned to evade tax.
Finance Minister Piyush Goyal on Tuesday said that Concession on tax has been offered to the poor and the middle-class people considering their tight budget.
In the recent announcement of union budget 2019, there were multiple benefits showered on the middle class as well as on the farmers alike.
Through a recent decision, the GST Council has reduced the Tax on third-party motor insurance for commercial vehicles from 18 percent to 12 percent.
Gradually, the Revenue generated through Tax collection has come down after the great results witnessed in the initial phase when GST was Implemented in the country and the speedy collection was done on the basis of the strict Tax collection rules.
All salaried persons don’t know about all sections under income tax that can save income tax on a legal basis. Here, SAG Infotech has written down all income tax saving tips along with the simple definition of all related sections like 80C, 80CCC, 80CCD, 80TTA, 80GG, 80E, 80EEA, 80EEB, 80D, 80DD, 80DDB, etc. If a […]
Estate Tax or Inheritance Tax is a matter of question in the country since long. Also, the ruling government is looking forward to implementing the same christened as the Inheritance Tax.
In today’s busy world, each and every person wants some income tax exemptions through their salary or profession. Also, to make India cashless and bring it out of corruption, the government is trying every possible way. Now the IT (Income Tax) department has again come up with something in which it warned the people to […]
The e-returns for IT had a massive jump this year i.e. in April-November, 6.09 crore returns were filed which is up by 48% year on year as compared to the growth of 20% in the 2017 and the highest growth was in the less-industrialized states like Uttar Pradesh, Madhya Pradesh, and Bihar.
