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GST: Avoid these mistakes while filing your GST returns

GST: Avoid these mistakes while filing your GST returns

Thu, Aug 10, 2023

Taxpayers often end up making certain common mistakes while filing GST returns, which can lead to heavy penalties, late fees, and even legal issues.

Income tax filing: Are gifts taxable? Frequently asked questions on gift taxes

Income tax filing: Are gifts taxable? Frequently asked questions on gift taxes

Fri, Mar 31, 2023

Are gifts taxable? Are gifts received at weddings taxable? Here, we answer the most frequently asked questions on gift taxes in India.

Petrol, diesel prices hiked in THIS state - check latest rate

Petrol, diesel prices hiked in THIS state - check latest rate

Thu, Aug 25, 2022

Accordingly, the rate of petrol in Byrnihat would now be Rs 95.1 per litre and in Shillong, it would be Rs 96.83.

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Gold Received As A Gift Is Not Always Tax-Free, Here's Why

Gold Received As A Gift Is Not Always Tax-Free, Here's Why

Sun, Feb 13, 2022

Gold has a strong bond with India and its traditions. It's a part of the Indian culture. But receiving a lot gold as a gift may not be tax-free. Here's why.

GST filers alert! Modi government allows further flexibility - All you need to know about important advisory by Goods and Services Tax Network

GST filers alert! Modi government allows further flexibility - All you need to know about important advisory by Goods and Services Tax Network

Sun, Apr 04, 2021

In a major development, the government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST.

Money Guru: Everything you need to know about taxes for this festival season

Money Guru: Everything you need to know about taxes for this festival season

Tue, Oct 15, 2019

Money Guru: Everything you need to know about taxes for this festival season.

I-T department proposes new norms for taxing MNCs in India

I-T department proposes new norms for taxing MNCs in India

Fri, Apr 19, 2019

The income tax department on April 18 proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base.

Samsung spent $13.6bn on taxes globally in 2017

Samsung spent $13.6bn on taxes globally in 2017

Mon, Jun 18, 2018

The record-breaking amount posted last year nearly doubled from 7.8 trillion won posted in 2015, Yonhap news agency reported.

Income tax returns (ITR) filing: 12 power points to ensure you never get a call from taxman

Income tax returns (ITR) filing: 12 power points to ensure you never get a call from taxman

Fri, Mar 02, 2018

Income tax returns (ITR) filing is one of the biggest duties of a citizen that should be followed religiously every year. Having said that, the process can be confusing and cumbersome for many.

Avoid some common mistakes people do while planning tax savings

Avoid some common mistakes people do while planning tax savings

Thu, Feb 22, 2018

It is always good to keep necessary things in check in order to avoid mistakes while tax planning

Know how Budget announcements affect your finances

Know how Budget announcements affect your finances

Thu, Feb 01, 2018

Jaitley re-introduces standard deduction for salaried class upto Rs. 40,000 in lieu of transport, medical allowance. Standard deduction to cost Rs 8000 crore to government.

Ahead of Union Budget FY19 key things to note as govt presents Economic Survey FY18

Ahead of Union Budget FY19 key things to note as govt presents Economic Survey FY18

Mon, Jan 29, 2018

All eyes on the NDA government as it presents the economic survey ahead of the Union Budget 2018.

US Inc urges Jaitley to reduce tax uncertainty for MNCs

US Inc urges Jaitley to reduce tax uncertainty for MNCs

Mon, Jan 29, 2018

Ahead of Finance Minister Arun Jaitley`s last full Union Budget, the US-India Business Council (USIBC) has urged him to further reduce tax uncertainty for multinational companies and foreign investors, even as Indian industry has voiced its own areas of concern.

India, Israel ink nine pacts on cyber security, other sectors

India, Israel ink nine pacts on cyber security, other sectors

Mon, Jan 15, 2018

India today assured Israeli firms to resolve their concerns and make things easier for them to do business here.

Here's how you can avail tax deduction under Section 80G

Here's how you can avail tax deduction under Section 80G

Wed, Jan 10, 2018

Under IT Act, Section 80G is available for contributions made to certain relief funds and charitable institutions.

How to pay tax on bitcoins profit?

How to pay tax on bitcoins profit?

Sun, Dec 17, 2017

Dhiraj recently sold a Bitcoin worth Rs 2,75,000/- after the money what he invested in it got doubled. But he is not aware whether he need to pay tax on this or not and if tax needs to be paid then under what income tax head and how much! Let’s understand: -

GST Council to meet tomorrow; discuss roll out of e-way bill

GST Council to meet tomorrow; discuss roll out of e-way bill

Fri, Dec 15, 2017

The all-powerful GST Council will meet tomorrow to discuss early implementation of e-way bill as well as ways to plug tax evasion.

GST will become good and simple tax in a few months, says MoS for Finance

GST will become good and simple tax in a few months, says MoS for Finance

Wed, Nov 29, 2017

Minister of State for Finance Shiv Pratap Shukla today asserted that GST will become a "good and simple tax" in the matter of few months, as issues regarding the new tax regime have been addressed by the government.

Govt says GST rates may be rejigged to reduce burden on SMEs

Govt says GST rates may be rejigged to reduce burden on SMEs

Mon, Oct 23, 2017

Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.

Now chat online with IT-department experts to clear your doubt in tax filing

Now chat online with IT-department experts to clear your doubt in tax filing

Wed, Oct 18, 2017

A taxpayer can get their doubt answered by entering on official website of IT-department. There is an icon at the right side of website.

Direct Tax collections' reach 39.4% of FY18 Budget Estimates

Direct Tax collections' reach 39.4% of FY18 Budget Estimates

Wed, Oct 11, 2017

In the Union Budget 2017, the government has fixed direct collections target at Rs 9.8 lakh crore. So far, the govt has received Rs 3.86 lakh crore between April - September 2017.

Why govt is wrong that car, bike buyers are rich enough to afford high petrol, diesel prices

Why govt is wrong that car, bike buyers are rich enough to afford high petrol, diesel prices

Sun, Sep 17, 2017

The Union Minister Alphons Kannanthanam commented on Saturday that those who can afford to buy a car or bike, can afford to pay for the high petrol and diesel prices too.

Income Tax: Your ITR filing process not complete unless send for ITR-Verification

Income Tax: Your ITR filing process not complete unless send for ITR-Verification

Sun, Jul 30, 2017

Tomorrow is the last to submit your Income Tax Return for the financial year 2016-17. With one day in hand, the taxpayers should come forward to file ITR to avoid penalties.

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