Income Tax

Central Government has announced Budget 2021

Central Government has announced the privatization of a minimum of two state-owned banks and a general insurance firm in Budget 2021. The govt has not yet..

Four days left to submit income tax and GST returns, demand to extend the day

There are now four days left to submit income tax and GSTR. After 31 December 2020, tax returns are going to be submitted alongside the penalty...

Income tax returns, same last date to file GST with audit, raised a demand

December 31 is that the last date for filing GST returns alongside Income tax returns and audits. In such a situation, it’s become difficult for tax..

10,800 companies didn’t pay full tax to the Delhi government, the government will send a notice under the GST Act

The Delhi government has started clamping down on companies that don’t collect the tax by taking money from the general public. Deputy Chief Minister Manish Sisodia..

Instructions were given to 90 cable operators of Central GST to deposit notice, penalty alongside service tax dues

The Central Goods and repair Tax (CGST) department has issued a notice to 90 cable operators within the district, directing them to gather service tax from..

The tax burden of 4 lakh crores thanks to Corona crisis, pressure on states to extend borrowing

States are forced to borrow at higher rates if the central government isn’t obliged to catch up on the products and Services Tax (GST) deficit. Consistent..

Common Questions About Income Tax In India