The Goods and Services Tax (GST) Council on August 4, 2018, gave a green signal to the proposal to offer GST cashback of 20 per cent to micro, small and medium enterprises (MSMEs) on the transactions made through RuPay and BHIM platforms, subjecting to a cap of ₹100 per GST transaction. This comes at a…
The deadline for Income Tax Return (ITR) filing for FY 2016-17 (AY 2017-18) has been extended to 5th August 2017 from 31st July 2017. It has come as a relief for a number of taxpayers who were facing problems due to multiple changes made in the procedure lately. These changes include the mandatory linking […]
While most of us have one or more savings accounts, very few would be aware of the interest earned and calculate the tax implications around them. Most banks offer an interest rate of 4% on savings accounts. However, this may go as high as 7% under certain schemes offered by some banks. The interest earned […]
31st July 2017 is the last date for filing Income Tax Returns (ITR) for the Financial Year 2016-17 (Assessment Year 2017-18). Filing ITR can be a complex process and preparing for it last minute may result in mistakes that might have negative impact on your finances. Some non-disclosures and inaccuracies might also expose you to […]
The Income Tax Department has released an e-service module named Aaykar Setu with an aim to educate the masses on income tax payments, return filing and other processes. The module is also available for desktops apart from the android app. Users can get their queries related to tax matters resolved from experts online. Read more […]
Do you have queries related to income tax and you want to get an expert opinion? Do you find it difficult to track your TDS (Tax Deducted at Source)? Do you want to apply for a PAN (Permanent Account Number) card or pay tax online? If any of your answers is in affirmative, be ready […]