Tax
Budget 2019 expectations: From demand credit to tax incentive, what MSMEs want from Modi government
Tue, Jan 15, 2019
The Micro, Small and Medium Entreprises (MSMEs) have demanded the credit incentive from the Narendra Modi government when the Finance Minister Aruj Jaitley stands in parliament to present the lat budget of current government.
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2019 में टैक्स से जुड़े इन कामों को न करें अनदेखा
Mon, Dec 31, 2018
साल 2018 को गुडबाय कहते हुए हम नए साल में प्रवेश कर रहे हैं। 2018 में टैक्सेशन में हुए बदलावों पर नजर डालने का यह सबसे उपयुक्त समय है। इसके अलावा, यही वह अवसर है जब हम यह चर्चा कर सकते हैं कि आने वाले 12 महीनों में क्या उम्मीदें की जानी चाहिए। हमारे साथ हैं तास एडवाइजर्स के सीनियर पार्टनर संजय अग्रवाल जो इन्हीं बड़े बदलावों पर चर्चा करेंगे।
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Income Tax return: Here is what you must do in 2019, expert Sanjay Agarwal explains
Mon, Dec 31, 2018
As we bid goodbye to 2018 and enter the new year, this is probably the best time to look back at all the tax reforms that were introduced last year. Also, this give us an opportunity to look forward and discuss what could be expected in the coming 12 months.Sanjay Agarwal, Senior Partner, TASS Advisors joins us to review all the major changes.
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Tax trouble: 65 lakh people face government crackdown
Mon, Apr 30, 2018
The department in its analysis has reportedly concluded that of the nearly 6.8 crore returns filed in 2017-18, nearly a fifth related to previous years as was the case earlier too. Officials reportedly said that the text messages and emails were targeted at close to 1.75 crore "potential assessees" of which 1.07 crore have voluntarily filed returns so far. Going by this measure too, the numbers add up, said the report.
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Most businesses struggling with GST, report sales fall
Wed, Apr 11, 2018
The industry seems to be struggling to make profits post GST, with about 26% saying they saw a decline in profits by more than 30%. More than 55% respondents are unsure or believe that GST is not good for their businesses in the long run.
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Income tax offices to remain open on holidays for filing of returns
Tue, Mar 27, 2018
The government has said that all income tax offices will remain open during holidays between March 29 and 31 to facilitate filing of returns. All Ayakar Seva Kendras (ASKs) will also remain open on these days, an official statement by Ministry of Finance said.
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Tax evasion crackdown: Proprietors, LLPs, HUFs under CBEC scanner now
Thu, Mar 22, 2018
According to the sources, preliminary scrutiny indicated that several newly created LLPs and HUFs as well as proprietary firms have claimed transitional credit for which they were not eligible. The CBEC has already asked chief commissioners to scrutinise all transitional credit claims of over Rs 1 crore. As part of transition to GST last July, taxpayers were allowed to file Form TRAN-1 and avail tax credit on the basis of closing balance of the credit declared in the last return under the pre-GST regime.
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Taxpayers can check return filing status of suppliers on GSTN portal
Fri, Feb 23, 2018
The GST Network (GSTN) portal has been developed to help buyers to check the tax payment status of their suppliers and make claiming input tax credit (ITC) easier. It would also show status of last 10 returns showing return type, financial year, tax period, date of filing and status whether GST filed or not filed.
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