Income tax return deadlines extended
The Central government today extended the deadline for filing income-tax returns (ITR) for the 2018-19 fiscal by a month till July 31, 2020. The Centre
Tag : tax
Reduction in rate of Tax Deduction at Source (TDS)
In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates
Firm busted for claiming bogus Input Tax Credit
In an investigation led by CGST Meerut team has prima facie revealed issuance of GST invoices of Rs. 1,708 crores from a chain fake firms/companies
Income Tax Department unearths huge defaults
In a major breakthrough, the Tax Deducted at Source (TDS) wing of the Income Tax Department has unearthed default of TDS of Rs 324 crore
IT dept reveals how many CAs, doctors declared income above ₹1 crore
How many professionals in India have declared annual income of ₹1 crore from their profession in their tax returns? About 2200. This was clarified in a
NO CUT ON SPENDING
Finance minister Nirmala Sitharaman has ruled out any cutback in expenditure, allaying apprehensions sparked by hefty corporate tax rate cuts, and said the government would instead push spending
Stock Markets Up
Stock markets started Monday’s session sharply higher, shrugging off weakness in Asian peers and extending gains to a second straight day after the government decided
Online version of New GST Return (Trial) released by GSTN
Mumbai, September 17, 2019: As part of the ongoing New GST Returns Trial, Goods and Services Tax Network (GSTN) today released the online version of
TAXPAYERS MAY GET RELIEF
The task force on the Direct Tax Code suggesting halving the tax rate for them to 10%, govt sources said . ,this is still just
The government may withdraw the higher tax surcharge
The government may withdraw the higher tax surcharge on foreign portfolio investors (FPIs) official sources indicates. official from finance ministry said this will help Indian