Thu, Nov 23, 2023
Japan's third-biggest automaker said in September that one of two new EV models it had already confirmed for Europe would be manufactured at the Sunderland plant.
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Tue, Oct 11, 2022
Income Tax Notice: Every taxpayer should report all his sources of income, transactions and investments while filing income tax return. Especially, if you do a high-value transaction, then you should mention it to IT. If its details are not included in your tax records, then a notice may come to you from the Income Tax Department. Annual Information Return (AIR) statement keeps the details of all your financial transactions, this statement is checked by the tax authorities. The E part of Form 26A contains the details of your high-value transactions.
Fri, Jul 29, 2022
Taxpayers should note that if you didn't respond to the I-T department's communication or message regarding a defective return, then the ITR filed will not be processed and be treated as invalid.
Mon, Jul 18, 2022
Where taxpayer files the return of income without digital signature, then the taxpayer should take two printed copies of Form ITR-V.
Fri, Jul 15, 2022
Here is how taxpayers can file ITR 1 and ITR 4 online. Your step-by-step guide.
Thu, May 12, 2022
pan and aadhaar number are must for cash deposits and withdrawals above 20 lakh in any financial year. Government has issued new cash deposit rule, which implement from May 26. income tax CBDT notification issued regarding this.
Sat, Jan 26, 2019
The Union Minister of Finance, Corporate Affairs, Railways and Coal, Piyush Goyal on Friday urged the tax department to not adopt an overzealous approach and focus on being more taxpayer-friendly, while at the same time appealed to the business community to do business “ethically”.
Tue, Oct 30, 2018
During the course of assessment, the tax officer scrutinised both returns and accepted the revised return. However, during the course of audits conducted by the I-T department on assessments by tax officers, it was observed that in this case, the tax officer had made an error by accepting the revised return. The audit objection noted that the taxpayer is an HUF and not an individual.
Wed, Sep 05, 2018
Only the income from sale of equity share, unit of equity oriented fund or unit of business trust shall be charged to tax as a short term capital gains @15% if security transaction tax was paid on such sale.
Fri, Feb 23, 2018
The GST Network (GSTN) portal has been developed to help buyers to check the tax payment status of their suppliers and make claiming input tax credit (ITC) easier. It would also show status of last 10 returns showing return type, financial year, tax period, date of filing and status whether GST filed or not filed.
Wed, Jan 10, 2018
Earlier, GST Council had fixed the deadline for filing GSTR-1 till December 31, 2017
Fri, Dec 08, 2017
Meena was alleged to have sought illegal gratification through the taxpayer’s Chartered Accountant for favourably completing the assessment, said an official release from the I-T department.
Tue, Jan 24, 2017
India had 36.5 million individual taxpayers who declared taxable income of Rs 16.5 lakh crore and were liable to pay Rs 1.91 lakh crore as income tax -- an increase of 23% and 37%.
Fri, Dec 16, 2016
The Ministry said that while the searches have been carried out in 291 cases across the country, 295 cases have been covered by survey action.
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