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Confused About Income Tax Return Filing? Find Answers to All Your Questions

From Aadhaar-PAN linking to efiling income tax for AY 2017-18, here is everything you need to know The income tax return (ITR) filing season has already begun – in fact, you now have less than 20 days...

Jessica Dsilva Jul 12, 2017
No Gst on Free Food Supplied by Temples, Mosques, Churches, Gurudwaras

Clarification was issued by finance ministry Dismissing media reports circulating about taxes levied on free food supplied in anna kshetras run by religious institutions under the Goods and Services...

Jessica Dsilva Jul 12, 2017
Know the Reasons Why You Shouldn’t File Your Own Taxes

Your tax situation is always changing unless your income and filing status remain same year after year. "Should I file my own taxes or hire a pro?" is one of the biggest dilemma taxpayers’ face every...

Karen Lee Jul 11, 2017
Tax Dept Gets Busy on 15% Hike in Mop-Up Target

The proposed target comes sans any amnesty scheme Income Tax efiling - Ahead of an uphill collection target for the current financial year (FY18), the income tax department has prepared a...

Jessica Dsilva Jul 10, 2017
Cbdt Devises Special Plan to Dispose of 300,000 Pending Cases

The pending cases choked Rs 6.11 lakh crore revenue to tax department Faced with "mounting" litigation that has "choked" the revenue stream, the CBDT has formulated an action plan to dispose of about...

Jessica Dsilva Jul 10, 2017
Income Tax Returns in Vijayawada| Tax It Here |Tax Preparation in Vijayawada

Income Tax Returns in Vijayawada Income Tax Returns in Vijayawada Tax It Here has providing services of income tax return in Vijayawada and many from outside, who prefer to use Tax It Here to file...

Sri Kanth Jul 10, 2017
Auditors' to Disclose Property Related Transactions Above Rs 20,000 to I-T

The move will increase transparency in financial dealings and help check tax evasion Efiling of Income tax - Auditors will now have to disclose details of transactions exceeding Rs 20,000 in...

Jessica Dsilva Jul 07, 2017
Gst Impact: Consumer Goods Cos to Petition Govt Against Mrp Sticker Rules

Consumer goods companies are likely to petition the government against the latest di

Aarohi Khanna Jul 06, 2017
Demonetisation Effect: Direct Tax Mop-Up Grows 15% to Rs 1.42 Lakh Cr in Q1

Overall advance taxes, both personal and corporate, grew by 11.9% to Rs 58,783 crore Advance tax paid by individuals recorded 40 per cent growth in the first quarter (April-June) of the current...

Jessica Dsilva Jul 06, 2017
I-T Dept Attaches Rs 300-Cr Alleged Benami Assets of Bhujbal, Family

The department alleged assets were allegedly created by them using a maze of about 4 dozen shell cos Alleged benami assets worth Rs 300 crore of Nationalist Congress Party leader Chagan Bhujbal and...

Jessica Dsilva Jul 05, 2017
Gst Making You Anxious? Here is a Fact-Check on How New Tax Will Impact You

The shelf prices of most commodities are likely to see a change over the next few weeks GST is finally here! It has caught the nation’s fancy, which is somewhat unprecedented for a change in the tax...

Jessica Dsilva Jul 05, 2017
Is India Inc Prepared for Gst Rollout? | Business Standard News

The GST Council, on its part, has relaxed return filing rules for businesses in the first two months. In the run up to July 1 when the GST comes into force, Business Standard spoke to leading market...

Aarohi Khanna Jul 05, 2017
Made an Error? File Your Revised Tax Returns Within Stipulated Timeline

While tax authorities permit you to revise your tax return in case of an error Taxpayers are typically cautious and exercise due care while income tax filing (I-T) returns. But very often, in the rush...

Jessica Dsilva Jul 05, 2017
Pan-Aadhaar Linkages is About 7.36 Crore, Reveals Income Tax Department

Recently, IT department made it clear that without Aadhaar, people will not be able to e-file ITRs Nearly a quarter of 30 crore PAN holders have linked their unique alphanumeric number with Aadhaar...

Jessica Dsilva Jul 04, 2017
Gst: Ice Cream, Pan Masala, Tobacco Makers out of Composition Scheme

Ice cream, pan masala and tobacco manufacturers cannot opt for GST composition scheme under which businesses are allowed to pay lower tax rate if their turnover does not exceed Rs 75 lakhAlso, makers...

Aarohi Khanna Jun 29, 2017
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