GST collection hits record high at Rs 2.10 lakh crore in AprilGST Collection: The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh…
Rice millers seek waiver of GST on packed rice bagsRice millers have called for the waiver of 5% GST imposed on pre-packed and pre-labelled rice. The GST Council at…
Almost 50% population have PAN, gap between male & female closingAccording to the latest data from the Income Tax department, almost half of Indians have a Permanent Account Number (PAN).…
Income-tax return filing: Should you file your ITR in April or wait until July 31?Income-tax return filing: The income tax (I-T) department has enabled all utilities and notified all forms needed to file income…
How to link PAN with Aadhaar by May 31 to avoid Income Tax Notice?Link PAN with Aadhaar: In cases where PANs of the deductees/ collectees have been inoperative, the TDS is deducted at…
Deductors can collect TDS at normal rates if PAN is linked to Aadhaar by May 31TDS at normal rates:For those who haven’t linked their Permanent Account Number (PAN) with Aadhaar, the tax deducted at source…
I-Tax Department sets up control room for cash transactionsCash transactions: The Pune income tax department has set up a special control room for Pune and other districts of…
CBDT asks self-reporting orgs to file details of high-value transactions by June 30, 2024The Central Board of Direct Taxes (CBDT) has asked SROs or self-reporting organisations to file details of all high-value transactions…
Kerala HC rules to bring down GST for malabar porotta to 5%Kochi: The Kerala High Court has declared that the ‘Malabar Parota’ and the ‘Whole Wheat Malabar Parota’ are akin to…
Can Salaried employees change Tax regime when filing Income Tax Return?Change Tax regime: Employees in India choose between two tax regimes – the old regime and the new regime –…