Fourth instalment of advance tax is due today. Don’t Miss the deadlineFourth instalment of Advance Tax: Many taxpayers are unaware of their potential advance tax liabilities and whether they should give…
Taxpayers to get pending I-T refunds for FY 2020-21 by April 30Income tax refunds: The Income-Tax department issues an intimation notice under Section 143(1) of Income-tax Act, 1961. Taxpayers awaiting income…
CBIC to Reclassify certain items to make things clear under GSTIn context of classification disputes, the Central Board of Indirect Taxes and Customs (CBIC) intends to compile a list of…
Not filing ITR, Delhi court sentences woman to 6 months jailA Delhi Court recently convicted and sentenced a woman to six months in jail for not filing a return on…
No GST Council meeting until Lok Sabha elections are overThe next Goods and Services Tax (GST) Council meeting may be scheduled after the Lok Sabha Election 2024. Official sources…
Timely payment to MSME rule to be enforced from April 1: Finmin officialsMSME rule: The government will implement a rule in FY25 requiring payments to micro, small and medium enterprises (MSMEs) to…
Income Tax: 5 important tasks you must do before March endAs we are heading to the end of the financial year 2023-2024, these are the things one must do to…
GST: 4 important tasks you must do before March endWithin a few days 31st March 2024 is arriving, with that many deadlines will be arriving under GST as well.…
GST collection in Feb Rs 1.68 lakh cr, 4th highest so farGST collection: Gross Goods and Services Tax (GST) revenue collected for February 2024 is ₹1,68,337 crore, marking a robust 12.5%…
Will outstanding tax demand waiver help you get pending income tax refund?Income tax refund: The Central Board of Direct Taxes (CBDT) issued a circular on February 13, 2024, to implement the…