Income Tax in India
Tax is an involuntary fee paid by an Individual, Business entity and Corporations in order to finance government activities and fund various public activities done by the government.
In India, Taxes can be broadly classified as Direct Tax and Indirect Tax
Direct Taxes are paid by the taxpayer directly to
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New Income Tax portal launching on 7th June '21
The Income Tax department is all set to launch its new portal e-filing 2.0 on June 7, 2021 to make the Income Tax return filing easier and more user friendly. The new website will be replacing the existing portal - www.incometaxindiaefiling.gov.in.
Ahead of the launch of the
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Revised Income Tax Due Dates for FY 2020-21
Keeping in mind the genuine difficulties faced by a taxpayer due to the ongoing Covid-19 situation across the country, The Central Board of Direct Taxes (CBDT) in exercise of its powers under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the act”) provides relaxation in
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New GST Return
In this article, we shall discuss the system of new GST Returns as decided by the GST Council. We shall come across new
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