Income Tax Department has issued the new Income Tax return form 1 (ITR 1 Form) for the financial year 2016-17 i.e. for AY 2017-18 for year ending 31st March 2017 and tax payers can file their Income Tax return on time, as previously tax payers used to complaint the income tax department has issued the… Read More »
भारत सरकार ने 1 जुलाई 2017 के रूप में जीएसटी इम्प्लेमेनेशन की तारीख तय की है और सरकार ने मौजूदा रजिस्टर्ड वैट डीलरों को उसके पहले जीएसटी में स्थानांतरित करने का लक्ष्य शुरू किया है। वैट से जीएसटी के प्रवास के लिए पहला कदम 31 मार्च 2017 को खत्म हो गया है और प्रवासन का दूसरा… Read More »
CENTRAL BOARD OF EXCISE AND CUSTOMS (CBEC)/Ministry of Finance has tweeted that all the VAT dealers of Different states who have done Primary Enrollment under GST (GOODS & SERVICES TAX) website using email id, mobile verification and Login id & Password issued by state government VAT Authority or Service Tax Dept or Central Excise Dept… Read More »
Why government wants to link aadhaar with PAN Card and whats its going to achieve by Linking Aadhaar Number to PAN Number (Permanent Account Number)? On November 8th Shri Narendra Modi Led BJP Government has issued the notification for demonetization of old Rs 500 and Rs 1000 currency note for fight the corruption, black money… Read More »
Due Date for Filling Income Tax Return for year ending 31st March 2017 i.e. FY 2016-17 or AY 2017-18 is 31st July 2017 without any fine or penalty for Individual/HUF/Firm/LLP not required to be audited under the Income Tax Act and for person under Audit due date of filling Income Tax Return & Tax Audit… Read More »
Many economists and experts have appreciated the candid posture of this year’s Economic Survey and hoped the recommendations made in it would be reflected in the national budget to be presented by Finance Minister Arun Jaitley on Monday. The Economic Survey has highlighted that India’s potential growth rate is in the range of 8-10 percent… Read More »
As per the date was announced, budget 2017 will be presented on 1st Feb. 2017 in India. With the announcement of the much-awaited budget for the fiscal year 2017-18 just around the corner, many economists and experts have set the bar high with their expectations from PM Modi and the NDA Government on laying various… Read More »
The Prime Minister said: “FDI” should be understood as “First Develop India” along with ” Foreign Direct Investment”. He said, ‘Let’s resolve to steer the country to one destination. We have it in us to move in that direction’. “Make in India – manufacture in India.” Sell in any country of the world but manufacture… Read More »
It has been long pending issue to streamline all the different types of indirect taxes and implement a single taxation system. The main expectation from this system is to abolish all indirect taxes and only GST will be levied. Thus, GST will replace all indirect taxes levied on goods and services by the Indian Central… Read More »
Current Indirect Taxes:- The present structure of indirect taxes is very complex in India. There are so many types of taxes that are levied by the Central and State Governments on Goods and Services. People pay ‘entertainment tax’ for watching a movie. People pay value added tax on purchasing goods and services. And there are… Read More »