TAX
52nd GST Council Meeting On October 7: All You Need To Know
52nd GST Council Meeting: The Council is likely to tweak GST rates on various products, including vehicles bought by visually impaired persons, millets foods
Income Tax Return: Verify Your ITR Soon To Avoid Last Fee Up To Rs 5,000
Income Tax: ITR is required to be verified within 30 days of filing it, failing which will lead to the rejection of your ITR
IT Dept Job Opportunity! Hiring 50 Law & Accountancy Grads, Check Salary & Other Details Here
The professionals will study paper books of listed cases of the tax department, find judgements in favour of the department and identify and distinguish facts
ITR Trends: 15% Taxpayers Test Waters With New Tax Regime, 85% Opt Old With Deductions
50% of Clear users claimed 80D for tax deductions on medical insurance, while 20% utilised 80CCD(1B) for tax deductions on NPS self-contributions.
E-Verify Your ITR Before Last Day: Check Step-by-Step Aadhaar OTP Guide Here
ITR E-Verify Through Aadhaar: This is the most common method of e-verifying your ITR.
Big News For Exporters! No Automated IGST Refunds On These Items, Check Details Here
Tax experts said the move is aimed at checking tax evasion in the sector.
Income Tax Return: Is Govt Planning To Extend ITR Deadline? What We Know So Far
Income Tax Return Deadline: A total of 4 crore ITRs for AY 2023-24 have been filed so far; out of these, 3.62 crore ITRs have been verified
Income Tax Return Filing: Know Penalty & Other Impact If You Don't File ITR By July 31
If the ITR is filed after December 31, 2023, the penalty amount will be Rs 10,000.
Underreporting Income Under ITR Can Be Dangerous, May Lead To Fine Or Even Jail: Tax Official
Misreporting of income in ITR may lead to an interest payment at 12 per cent a year, penalty at 200 per cent of taxes, prosecution which may entail imprisonment
How To File ITR? A Step-By-Step Guide To File Income Tax Return FY 2022-23 Online
How to file ITR: Taxpayers can file the return till July 31; the ITR filing is mandatory for those earning over Rs 2.5 lakh in a year
ITR Form 2 Available Now: Know Who Should Use It For Income Tax Return Filing
ITR Filing: Income Tax Department has released the ITR 2 offline form for the assessment year 2023-24.
GST Update: From This Date Biz With Turnover Of Over Rs 5 Cr To Generate E-invoice
Currently, businesses with turnover of Rs 10 crore and above are required to generate e-invoice for all B2B transactions.
GST: FinMin Considering Classifying Online Games as Games of Skill, Chance; Levy Differential Tax Rate, Says Report
A final decision on the taxation on online gaming would be taken by the GST Council in its next meeting, which is likely in May or June
GSTR-1: Decoding 4 Key Reconciliations For Accurate Filing
GSTR-1 filing initially started with only reporting sales details but now includes a host of reconciliations before the actual reporting occurs
Income Tax Challan, TDS, TCS: 4 Due Dates In May 2023; Check Details Here
Knowing key dates related to tax can help taxpayers stay compliant with tax laws, avoid financial and legal consequences.
Income Tax Old Regime: Know These Deductions Before Filing ITR
Taxpayers who wish to opt for the old tax regime to retain their tax benefits must make a declaration regarding it.
