With increasing income levels and inflation, taxpayers expect the budget 2019 may help them save their taxes.
In a relief to GST taxpayers, the government on Tuesday waived the penalty for filing late returns for the months of August and September, and the money already paid as a penalty will be credited back to businesses. “To facilitate taxpayers, late fee on filing of GSTR-3B for August and[Read More…]
An official of the IT department on Sunday said that the last date for filing of income tax returns (ITRs) for the financial year 2016-17 will not be extended beyond Monday’s deadline(31 July). “The last date for filing of ITRs remains July 31. There are no plans to extend this[Read More…]
GST bills in Rajya Sabha, Opposition urges for a mechanism to avoid the harassment by tax authorities
The Rajya Sabha on Wednesday took up the four bills related to the GST. Opposition questioned the government’s preparedness to implement the indirect tax regime and urged for a mechanism to insulate taxpayers from harassment by tax authorities. Deputy Leader of Congress Anand Sharma said, “It is important that as[Read More…]