As per fresh data revealed by the Govt., more than 2 lakh new taxpayers have entered the tax-net, and they have collectively deposited more than Rs 6000 crore to the Income Tax Dept.
In a terse, crude and direct notification for all salaried employees, Income Tax Dept. has threatened salaried employees of severe punishment, if they file incorrect tax returns. At the same time, as reported earlier, there are many tax…
Starting April 1st, some major changes are being implemented in the tax structure, which should be known to all taxpayers. By understanding these income tax changes, the taxpayer can prepare better, and plan investments accordingly
A major Income Tax refund scam to the tune of Rs 18 crore has been unearthed, in which thousands of employees from reputed IT firms claimed tax rebates via illegal means. These employees used the tax rebate under ‘Loss to House Property'…
Goods and Services Tax or GST collection in India have reached the lowest point till date. This is an alarming news, and Govt. officials are right now huddling together, to seek out ways to stop this race to the bottom.
India has a population of 126 crores, but it seems a majority of them are not at all interested to pay income taxes. In a shocking revelation, it has been found that only 1.7% or 2 crore Indians paid any form of Income Tax in the assessment…
Under GST reforms, a major step has been taken which will further ease the burden of GST returns filing, and encourage more taxpayers to embrace GST.
Amazon India’s Great Indian Festival will be conducted between September 21st and 24th; and been scheduled with Flipkart's Big Billion Days Sale.
Ushering a new wave of e-Governance, and Digital India, Govt. of India will roll our paperless IT assessment pan-India, by end of this fiscal year.
Be very careful on what you put on Social Media sites because Income Tax Department will now go through your Facebook, Instagram and other posts to find out your income based on what you post.