The Central Board of Direct Taxes (CBDT) notified a 9-member committee headed by a Principal Chief Commissioner rank officer to...
Filing Goods and Service Tax Returns-1 (GSTR-1) GSTR-1 to be filed by the taxpayer with annual aggregate turnover up to Rs....
In September, Central Board of Direct Taxes (CBDT) directs corporates and professionals to drop the proposal to submit their tax...
The Income Tax Department has selected 20,572 Income tax returns for detailed investigation. Reason being there were discrepancies in income...
The Government has given clearance for deduction of tuition/school fees paid for the education of children. The summary for the...
Central Board of Direct Taxes (CBDT) decided to boost the deadline for e-filing of income tax returns for those taxpayers...
There has been certain spread around on payment of service tax after June 30, 2017. The issue has been clarified...
Up to September 22, 2017 taxpayers were able to link a single contact number for more than 3 accounts on...
Many startups, Small and Medium Enterprises (SME’s) keep toiling between tax regimes to comply with their provisions. To clarify their...
The Central Board of Direct Taxes, the decision making body under section 119 of the Act, in respect of all...
In fiscal year 2016-17, 2.82 million people filed income tax returns. The tax department said on Monday that the number...
The last date for filing income-tax returns this year has been extended to August 5. The original deadline for filing...
Several steps are being taken after the ban on black money to tighten the currency. Now the Income Tax Department...
The Narendra Modi government at the Center had said in February this year that the delay in filing an Income...
The Finance Act, 2017 inserted section 92CE in the Income-tax Act, 1961 with effect from 1st April, 2018 to provide...
Following the reform in indirect tax in India, “One Tax One Nation”, and Government is now proceeding towards a new...
Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under...
The Honourable Union Minister of Finance, Shri Arun Jaitley officially launched the Portal of Operation Clean Money (https://www.cleanmoney.gov.in) at New...
Section 139AA of the Income-tax Act provides for mandatory quoting of Aadhaar for filing of return of income and for...
If someone has recently spent any expensive thing or service or made a big investment, but according to all its...
The process of implementing the 'biggest economic recovery' of GST from July 1 is going on fast. Even though the...
The Income Tax Department has introduced a new e-facility for linking PAN number with Aadhaar card. Explain that the government...
The number of people who filed tax returns surged by 95 lakh as the government turned the heat on black...
The Central Board of Direct Taxes (CBDT) entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017,...
The DVAT Department has extended Due Date/ Last Date for Filing of online return for Q4 (Mar. 2017) of 2016-17...
The Central Board of Excise and Custom hereby extends the due date of submission of the ST-3 for the period...
The date of submission of the Service tax return (Form ST-3) for the period from 1st October 2016 to 31st...
The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for...
GST council chaired by finance minister Arun Jaitley has urged states to approve state GST laws by the end of...
After having opted for multiple rates under the upcoming goods and services tax (GST) regime, India is now looking to...
The Income Tax department will investigate over 60,000 individuals under the second phase of the ‘Operation Clean Money’ which was...
Law enforcement agencies have detected Rs.1.37 lakh crore worth of tax evasion, began criminal prosecution in 2814 cases, and have...
All Income Tax Department-related proceedings between the taxpayer and the taxman will be conducted online from the new fiscal year,...
The government is arming itself with powers to levy goods and services tax (GST) on all rental income but is...
The government today removed the 1% tax on cash purchases above Rs 2 lakh, after putting a limit on transactions....
The DVAT department. has further extended the due date for filing of online/ hard copy of DVAT return for Q3...
With the Introduction of Negative List Regime in the year 2012, all services becomes taxable except the services which are...
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on...
The DVAT department. has further extended the due date for filing of online/ hard copy of DVAT return for...
As per Section 50C introduced by the Finance Act, 2016, where the date of the agreement fixing the amount of...
CBEC vide notification no. 14/2017-Customs (N.T) dated 2nd March 2017 determines the rate of exchange of Conversion of each of...
Central government vide notification no. 07/2017-Customs dated 1st March 2017 hereby makes the following further amendments in earlier notification. In...
According to a practice that was generally prevalent, there was non levy of service tax, on the services by way...
The Central Board of Direct Taxes (CBDT) has signed 10 more unilateral advance pricing agreements (APAs) with Indian taxpayers as it...
Submitted by business_centrik on 20/02/2017 Cash purchase of jewellery will attract 1% TCS (Tax Collected at source) from April 1...
Submitted by Tax_centrik on 21/02/2017 The Government is striving hard to meet its ambitious target to roll out a pan...
Restaurants associations are advising their members across India to sensitise customers about service charges after the Department of Consumer Affairs...
Submitted by Tax_centrik on 13/02/2017 The Confederation of all India traders(CAIT) said it will prepare 5,000 trade leaders across the country as...
In continuation of the initiative of the Government to acknowledge the contribution of taxpayers by paying taxes towards nation building...
Submitted by Tax_centrik on 27/01/2017 The Committee headed by Andhra Pradesh Chief Minister N Chandra Babu Naidu submitted the interim report on...
Submitted by business_centrik on 25/01/2017 Form 1 and Form 3 of Equalisation Levy Rules, 2016 are available for e-Filing on Department of...
Submitted by business_centrik on 21/01/2017 Form 61A - Statement of Financial Transactions (SFT) as per section 285BA of Income-tax Act, 1961 read...
Seeks to amend Notification No. 27/2014-Central Excise(NT), dated 16.09.2014
Revenue Secretary Hasmukh Lal said that GST can be paid online using debit or Credit Cards. Tax payers can use...
Over the years, the income tax department has come to acquire an image of an agency that usually harassed taxpayers,...
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