Search results for: income tax department

The clause for anti-profiteering has emerged quite a while ago when the finance ministry first announced that any company found blocking the tax benefits to the consumers will be penalized and also various other severe measures will be taken against them.

The GST council has been in a dilemma of putting various goods into the category suitable for them. The government is preparing to roll out the well-discussed goods and service tax in coming months and in between it has been stuck on the issue of categorization of products.

Talking about the most intense and crucial tax system being applied within the Indian parameters of taxation would cert5ainelty require some aftermath even after the implementation and this will going to be soon.

Among all the hardships that the government is facing these days to actualize the goods and service tax in the common, there is step by step features which are to be implemented by the course. The customs department has now given a notification that it has been shifting all the prevailing assessees to the new portal.

Arun Jaitley again assured the general public to not to panic while the income tax department is concerned for those who are exchanging their petty cash in the banks. As the imminent news service interviewed Mr. Arun Jaitley, he himself said that “Small deposits which are made, nobody will face any questions or harassment of […]

Now taxpayers can choose the way in which they want to fill up their due taxes under the GST regime. The concerned IT structure building unit is now openly inviting the private companies to build the third-party interface in the means of mobile applications and other user interface platforms for easing the process of transactions.