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Single returns filing form for GST likely by yearend

2 months ago
India Inc has been demanding a single return process with automatic tax computation and calculation of input tax credit, to make things easier for taxpayers. Share Via Email. Published: 07th July 2018 04:08 AM Last Updated: 07th July 2018 04:08 AM ... ...

8 mistakes to avoid while filing income tax returns

2 months ago
We have entered the month of July and the July 31 deadline for filing your income tax returns is not very far. Filing ITR involves collation of much information, and the process of putting these together is tedious and can lead to mistakes. Here we ... ...

One Year Of GST: Here's What India Inc Thinks About The Landmark Reform

2 months ago
Touted as the biggest economic reform since independence, the Goods and Services Tax (GST) completes one year of its implementation on July 1. In a major initiative to ease the tax system of the country, the government launched GST on July 1, 2017.GST has boos ... ...

Tax reforms in four years of Modi govt: GST makes tax evasion tougher

3 months ago
New Delhi: India's biggest tax reform since Independence of replacing a convoluted indirect tax system at Union and state levels with a simpler code and dismantling regional trade barriers to create a single $2.6 trillion market succeeded in its broad  ... ...

April GST collection of over ₹1 lakh crore 'a landmark': Jaitley

4 months ago
While Goods and Services Tax (GST) collection in entire 201718 stood ₹7.41 lakh crore, in March the figure was ₹89,264 crore. Buoyed by GST collections exceeding ₹1 lakh crore in April, Finance Minister Arun Jaitley on Tuesday said it is a landmark In a first, GST revenue collection for a m ... ...

Income tax returns: How to avoid being labelled a tax evader; 10 points

4 months ago
New ITR form seeks salary breakup, more disclosures from taxpayers New ITR forms for AY 201819: Things you must know before you file returns New ITR forms seek more disclosures: Know about all important changes Changes in the ITR Form: Key questions IT Dept warning ... ...

Beware, taxpayers! Wrong info in ITR can get you tax evader tag: 10 points

4 months ago
Filing incometax returns? The incometax department has cautioned salaried taxpayers not to underreport their income or inflate deductions and exemptions. ALSO READ. New direct tax law: Focus should be on facilitating taxpayer services New ITR form ... ...

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