Income Tax in India

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 the […]

New e filing portal

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 […]

Revised Income Tax Due Dates for FY 2020-21

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 […]

New GST Return

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 GST Forms and answers to what are the procedures of filing returns under new system, when shall the new system come into force and who shall it be applicable to. […]

GSTR-1 and GSTR-3B Due date extended

Relief in late fee to Taxpayers filing Form GSTR-3B and Form GSTR-1 GST Council on 25th July, 2020 announced further extension in due dates of filing returns and relaxed interest and penalties based on the taxpayer. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. Official notifications from […]