Who are required to file income tax returns compulsorily
Many people inquire if filing ITRs is at all necessary, especially, if their income does not exceed the exemption limit.…
GST Council to clear online gaming taxation law changes on 2 August
The online gaming industry has expressed concerns about the impact of the tax on the sector. India is the world’s…
ITR Filing Due Date Extension : Will govt extend the deadline
Taxpayers are rushing to file their income tax returns in India before the July 31 deadline, with over 4 crore…
Income Tax Rebate Under Section 87A: All you need to know
Section 87A of the Income-tax Act, 1961 allows a income tax rebate in case the taxable income does not go…
How to check income tax refund status
1. Overview Income tax refund means a refund amount that is initiated by the income tax department if the amount…
Delhi High Court reprimands GST authority
Coming to the rescue of a tax payer, the Delhi High Court on Tuesday reprimanded the officials of the Commissioner…
Rs 3.33 trillion GST evasion detected during FY19-FY23
Rs 1.08 trillion in taxes recovered from fraudsters The Goods and Service Tax (GST) authorities have detected Rs 3.33 trillion in tax…
Internal Audit Applicability under Companies Act,2013
Internal audit is one of the key elements of organizational governance and provides independentassurance to the Board / Audit Committee…
Internal Financial Controls Applicability Under Companies Act
Companies Act, 2013 mandates that every company should have an effective system of internal financial controls to ensure that its…
IT dept sends 100,000 notices over under-reported income
Finance Minister Nirmala Sitharaman Monday said that the income tax department has sent one lakh notices in cases where assesses…
How to revise Income tax return: All you need to know
For a normal salaried individual the due date for filing income tax return (ITR) for the AY 2023-24 (FY 2022-23)…
GST Rules Changing From August 1: You need to know
From 1st August 2023, in light of Notification No. 10/2023–Central Tax dated 10th May 2023 the e-invoicing is mandatory for…