Powerd By SAG INFOTECH
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The government is now ready to tighten up the scrutiny of all the taxpayers as according to one of the officials. the tax department will now compare multiple tax data of an individual to ascertain any tax leakage.
There are so many confusing terms in the tax world such as financial year and assessment year, gross total income and total income which we have heard so many times while filing income tax return (ITR).
Under the new GST Tax regime, it seems the plight of the disabled has gone to deaf ears. In Pre-GST times aids like wheelchairs, crutches were zero-rated.
If you have already filed your income tax return (ITR) for the year and want to check the status for the same, here’s a way to do the same online.
For every eligible taxpayer filing the ITR would be a yearly obligation in India. It’s a legal obligation that guarantees correct reporting of income and financial activities to the government; it’s not merely a formality. The Income Tax Department uses an automated system to carefully review the submitted returns in order to speed up this […]
Tax and India are slowly but surely arriving at reconciliation terms. This is echoed in a recent statement made by a government official.
Among the many changes and improvements the GST system brought to the Indian economy, a major increase has been reported in the direct tax revenues and corporate tax collection in the post-GST era.
The Income Tax department has updated a form to fill with information regarding the general anti-avoidance rules (GAAR), the goods and services tax (GST), and secondary adjustments.
GST Network is putting efforts towards establishing a system which can assist the government to take action against the tax evaders and the persons who do not file returns.
