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TAX DEPARTMENT SLAPS FINE OF RS.15.4 CRORE ON TAX EVADERS IN AUGUST

Tax Department slaps Fine of Rs.15.4 Crore on Tax Evaders in August The mobile wings of the Punjab taxation department’s state intelligence and preventive units (SIPU) imposed a fine of Rs.15.37 crore on 873 vehicles in August for transporting goods without e-way bills and other required documents, Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said on […]

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TDS NEW FILE VALIDATION UTILITY RELEASED FOR FILING 26Q, 27Q & 27EQ FOR Q1 FY 23-24

TDS New File Validation Utility Released for filing 26Q, 27Q & 27EQ for Q1 FY 23-24 The Income Tax Department has released TDS New File Validation Utility for filing 26Q, 27Q & 27EQ for Q1 FY 23-24. Key Features – Return Preparation Utility (RPU) version 4.7 This version of RPU is applicable with effect from September 01,

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PENALTY OF RS.5,03,500 LEVIED ON DIRECTOR FOR HAVING 2 DINS

The Ministry of Corporate Affairs(MCA) in the matter of Shri. Thiyagarajan Parthasarathy has imposed Penalty of Rs.5,03,500 on Director for having 2 DINs. As upon processing of DIR-5 by the Office of the Regional Director (Northern Region) with respect to surrender of your second DIN, it was observed that, the applicant has applied for and

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Income Tax Website upgraded again? Know the New Features

The Income Tax Department has redesigned its National website with a user-friendly layout, value-added features, and new modules in order to improve taxpayer experience and stay up with modern technology. Shri. Nitin Gupta, Chairman, Central Board of Direct Taxes (CBDT)), unveiled the newly updated website at the ‘Chintan Shivir’ event hosted by the Directorate of Income Tax (Systems) in Udaipur.

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Win prize upto Rs.1 Cr in this Invoice Incentive Scheme of Government

The Government of India, in association with State Governments, has launched an ‘Invoice incentive Scheme’ by the name ‘Mera Bill Mera Adhikaar’. The ‘Mera Bill Mera Adhikaar’ invoice incentive plan was created by the Indian government to encourage consumers to seek bills for their purchases and to promote the use of real invoices in business-to-consumer interactions.

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GST Council’s Latest Meeting: Key Decisions and Outcomes

Title: GST Council’s Latest Meeting: Key Decisions and Outcomes Introduction: The Goods and Services Tax (GST) Council plays a crucial role in shaping India’s tax landscape. As the apex decision-making body for GST-related matters, its periodic meetings are closely monitored by businesses, taxpayers, and policymakers alike. In this blog, we will delve into the recent

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Common Income Tax Deductions and Exemptions for Individuals in India

Introduction When it comes to filing income tax returns in India, individuals can take advantage of various deductions and exemptions provided by the tax laws. These provisions are designed to reduce taxable income and provide relief to taxpayers. In this blog post, we will explore some of the common income tax deductions and exemptions available

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The Ultimate GST Filing Checklist for Indian Businesses- How to Stay Compliant and Avoid Penalties

The Ultimate GST Filing Checklist for Indian Businesses- How to Stay Compliant and Avoid Penalties! Introduction Goods and Services Tax (GST) is a tax reform implemented in India to ensure a transparent and simplified tax structure. All businesses registered under the GST must file returns, failing which they may face hefty penalties. This article provides

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