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Tag "taxpayers"

Taxpayers to now get details on remittances, MF dividend in IT return form

Taxpayers to now get details on remittances, MF dividend in IT return form

🕔21:14, 27.Oct 2021

New Delhi, Oct 27 (IANS) In a bid to prevent suppression of information by taxpayers, the Income Tax department will now provide full details of their financial transactions such as foreign remittances, purchase and receipt of dividend on mutual funds and

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Multiple rates, applications make GST more complicated, Revenue Dept pushed to issue clarifications

Multiple rates, applications make GST more complicated, Revenue Dept pushed to issue clarifications

🕔06:44, 18.Oct 2021

New Delhi, Oct 17  Cloud kitchens are restaurants, ice cream parlours are not. Alcoholic beverage is not food or a food products. Mineral rights are taxable but the question remains whether these should be taxable at all. The GST regime

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Taxpayers still need to pay interest despite extension of filing dates

Taxpayers still need to pay interest despite extension of filing dates

🕔06:35, 20.Sep 2021

New Delhi, Sep 20 The government may have extended the due date for filing Income Tax returns on account of the difficulties being reported by the taxpayers in the electronic filing of returns owing to the glitches in the Tax Portal,

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CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings

CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings

🕔18:35, 7.Sep 2021

For easing the process of authentication of electronic records in faceless assessment proceedings, the Government has amended Income-tax Rules, 1962 (‘the Rules’) vide notification no G.S.R. 616(E) dated 6th September, 2021. The amended Rules provides that electronic records submitted through registered

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Govt to resume E-way bill blocking for non-compliant taxpayers

Govt to resume E-way bill blocking for non-compliant taxpayers

🕔17:20, 5.Aug 2021

New Delhi, Aug 5  The government will resume blocking of E-way Bill (EWB) generation facility for all taxpayers who fail file their monthly or quarterly GST return for two successive periods. E-way is a permit needed for inter-state and intra-state

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Compliance not eased for GST taxpayers with over Rs 5 cr turnover, reconciliation statement remains

Compliance not eased for GST taxpayers with over Rs 5 cr turnover, reconciliation statement remains

🕔15:46, 31.Jul 2021

New Delhi, July 31  Taxpayers looking at ease of compliance requirement for filing annual GST returns for 2020-21 are in for a rude shock as the government has not completely done away with the process of including the reconciliation statement

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CBDT to prepare list of non-filers once at beginning of assessment year

CBDT to prepare list of non-filers once at beginning of assessment year

🕔07:43, 1.Jul 2021

New Delhi, July 01  In a big relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has decided not to frequently assess the tax filing status of individuals and companies, and complete the process of preparing the list

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In Covid times, I-T refunds Rs 1.22L Cr to 36L taxpayers

In Covid times, I-T refunds Rs 1.22L Cr to 36L taxpayers

🕔15:38, 7.Oct 2020

New Delhi, Oct 7  In pursuance of the exercise to meet liquidity needs of taxpayers during Covid-19 pandemic, the Income Tax Department has fast tracked its tax refund process and processed 35.93 lakh cases amounting to more than Rs 1,21,607

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GSTN unveils creative contest to bring taxpayers closer to tax system

GSTN unveils creative contest to bring taxpayers closer to tax system

🕔20:36, 19.Sep 2020

New Delhi, Sep 19  In yet another attempt to bring taxpayers and tax authorities closer to each other by way of better understanding of the tax systems, the Goods and Services Tax Network (GSTN) has launched a creative contest namely

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Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

🕔19:34, 2.Sep 2020

New Delhi, Sep 2  In pursuance of the exercise to meet liquidity needs of taxpayers during the Covid-19 pandemic, the Income Tax Department said it has fast-tracked its tax refund process and processed 26.2 lakh cases amounting to more than

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PM unveils ‘transparent taxation’, Rights’ Charter for taxpayers

PM unveils ‘transparent taxation’, Rights’ Charter for taxpayers

🕔14:33, 13.Aug 2020

New Delhi, Aug 13  Prime Minister Narendra Modi on Thursday launched the ‘transparent taxation’ platform, which brings into effect faceless assessment of taxpayers, and the Rights’ Charter for the taxpayers. With the ‘Transparent Taxation Honouring the Honest’ that is aimed

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Taxpayers to get full details of transactions in Form 26AS

Taxpayers to get full details of transactions in Form 26AS

🕔17:22, 18.Jul 2020

New Delhi, July 18 In a bid to prevent suppression of information by taxpayers, the income tax department will provide full details of their financial transactions such as sale and purchase of stocks, real estate transactions, payment details of credit card

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CBDT completes Rs 71K refunds to help taxpayers with liquidity

CBDT completes Rs 71K refunds to help taxpayers with liquidity

🕔07:39, 18.Jul 2020

New Delhi, July 18  The Central Board of Direct Taxes (CBDT) has issued refunds amounting to Rs 71,229 crore in more than 21.24 lakh cases by July 11 to help taxpayers with liquidity in Covid-19 pandemic days. The government, on

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In Covid days, I-T Deptt refunds Rs 62K Cr to 20L taxpayers

In Covid days, I-T Deptt refunds Rs 62K Cr to 20L taxpayers

🕔15:55, 3.Jul 2020

New Delhi, July 3  In pursuance of the exercise to meet liquidity needs taxpayers during COVID-19 pandemic, the income tax department has fast tracked its tax refund process and processed 20.44 lakh cases amounting to more than Rs 62,361 crore

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Covid-19 relief for taxpayers: Govt extends time limit of tax compliances

Covid-19 relief for taxpayers: Govt extends time limit of tax compliances

🕔09:50, 25.Jun 2020

New Delhi, June 25  The Central Board of Direct Taxes (CBDT) on Wednesday issued notification to provide further relief to taxpayers by extending various time limits of compliances. Accordingly, the time for filing of original as well as revised income-tax

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GST Council gives more time to taxpayers to revive cancelled registration

GST Council gives more time to taxpayers to revive cancelled registration

🕔18:49, 12.Jun 2020

New Delhi, June 12  As a step towards trade facilitation in this difficult times of Covid-19 pandemic, the GST Council on Friday decided to give more time to the taxpayers to file for revocation of their GST registration. Accordingly, the

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Taxpayers seeking revision of lower withholding tax will not get benefit of automatic 3-month extension

Taxpayers seeking revision of lower withholding tax will not get benefit of automatic 3-month extension

🕔19:50, 10.Apr 2020

New Delhi, April 10  Businesses seeking lower TDS/TCS (tax deduction at source /tax collected at source) for FY21 in view of the impact of Covid-19 outbreak on business will have to apply afresh with the income tax department and wait

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Taxpayers given more time to file monthly GST returns

Taxpayers given more time to file monthly GST returns

🕔07:18, 23.Jan 2020

New Delhi, Jan 23  In a major relief for small traders with an annual turnover of Rs 5 crore or less, the government on Wednesday announced the extension of the cut-off date for filing monthly GST returns by up to

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Government extends PAN-Aadhaar linkage deadline

Government extends PAN-Aadhaar linkage deadline

🕔09:51, 2.Jul 2018

New Delhi, July 02  The Central government on Saturday extended the deadline for taxpayers to link their Permanent Account Number (PAN) with Aadhaar while filing returns. According to a late-night Central Board of Direct Taxes (CBDT) notification, taxpayers can now link

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