Sat, Dec 21, 2024
GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
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Wed, Oct 16, 2024
It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax.
Mon, Jul 22, 2024
Budget 2024: The government is set to table its first full budget after elections and the wish list of taxpayers is as long as ever. This is especially so as the government did not make any key changes in the interim budget as it was a Vote on Account budget.
Tue, Aug 22, 2023
The GST council has set up a grievance redressal portal. Customers and taxpayers can lodge their complaints or seek answers to their GST-related issues using this platform.
Fri, Aug 18, 2023
A fake GST bill is generated by scammers to dupe businessmen and customers, even without any actual supply of goods or services or GST payment. It is basically generated for various fraudulent reasons like tax evasion.
Wed, Aug 09, 2023
Engaging in secondary employment, or moonlighting, isn't unlawful or against the tax laws. Individuals who've misreported their earnings, sometimes hiding sums even double the amount earned from their primary job, are under scrutiny of the I-T department.
Nearly 10 per cent of taxpayers took no advantage of the Section 80C deductions. Only 55 per cent of taxpayers fully utilised the Rs 1.5 lakh deduction limit, with another 10 per cent claiming the deductions between Rs 1 to Rs 1.5 lakh.
Sun, Aug 06, 2023
The trust in developmental works among tax paying people has increased and because of that the number of taxpayers is also going up, Modi said.
Thu, Aug 03, 2023
Section 80C of the Income Tax Act, 1961, is one of the most commonly used sections for claiming tax deductions. Under Section 80C individuals can claim deductions for certain investments and expenses. These included investments in pension schemes, PPF and life insurance, among others.
Mon, Jul 24, 2023
While many basic deductions that resident Indians are eligible for are not available for NRIs, they can save on taxes in many different ways.
Mon, Jul 17, 2023
Wrong bank account details shared while filing Income Tax Return (ITR) can cause delays in receiving the tax refund. Ahead of the July 31 deadline of filing ITR, taxpayers can rectify the error and update their bank account details online through the e-filing portal of the Income Tax Department.
Thu, Jul 13, 2023
Income tax return: Many times people make mistakes even in choosing the right ITR form. It is necessary to choose the right ITR form first. There are many advantages of filing ITR as well. It is the month to file Income Tax Return (ITR filling). Obviously you are trying to file it on time with all your preparation. But before filing ITR do you cross check whether you have made any mistake? After all, what are the things a taxpayer should consider before filing ITR? Also know what are its benefits.
Wed, Jul 12, 2023
A person can claim the tax refund of the excess tax paid/deducted during a financial year. The last date to file ITR is July 31.
Mon, Jul 10, 2023
GST Council meeting to be held tomorrow. What is the agenda of this meeting? What issues can be discussed in the meeting?
Sun, Jul 09, 2023
Notified the exchange of information between ED and GSTN under the Prevention of Money Laundering Act, 2002 (PMLA) to help in such kind of investigations.
Sun, Jul 02, 2023
GST has brought in greater tax buoyancy, as a result of which, more than your GSDP growth, your tax collection is growing.
The amount included Rs 5,548.48 crore as excise duty and Rs 1,272.52 crore as value-added tax.
Thu, Jun 15, 2023
Currently, the capital gain tax in India is set between 10-20 per cent depending on class of asset and tenure of investment.
Thu, Jun 08, 2023
Understand the new TCS rate, exemptions, and guidelines for foreign remittances as per the 2023 Union Budget.
Tue, May 02, 2023
GST collection grew by 12 per cent in April to ₹1.87 lakh crore, the highest monthly mop-up since the rollout of the indirect tax regime. Why is it now a dream situation for the Indian economy? Why did Anil Singhvi say - no more tax will increase now? Know from Anil Singhvi.
Mon, Apr 03, 2023
Direct tax collection increased by 16% to ₹16.16 lakh crore. Know the complete details from Tarun Sharma.
Fri, Mar 31, 2023
Can a dead person be taxed? Who pays the taxes of a deceased person? If a person with income above the threshold limit dies, the legal heirs or the representative of the deceased person has to clear the tax dues. Watch the complete video to know more.
Tue, Mar 28, 2023
Many rules will change from April 1, what should you do? What will change in the market from April? What changes related to tax will be applicable? Know from Nupur.
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