Tax Filling

Advancing tax administration: Role of technology in India's tax ecosystem

Transforming tax administration in India: Technology-driven reforms redefine compliance, efficiency, and strategic decision-making

ITR filing deadline for audit cases is Nov 15: file now to avoid penalties

If a taxpayer misses the deadline to file their income tax return by November 15, 2024, they still have the option to submit a belated return by December 31, 2024

Top 1% tax filers account for over 54% of short-term capital gains

No. of individuals reporting STCG has risen 10-fold to 4.58 mn in 11 years

Give robust response to Section 148A notice to avoid reassessment

Taxpayers should, in the first place, file accurate returns annually, declaring income from all sources

CBIC issues 33,000 notices for GST return discrepancies in FY18, FY19

Central tax officers have sent around 33,000 GST notices to businesses for discrepancies in returns filed and short payment of taxes in 2017-18 and 2018-19 financial years, a CBIC official said on Wednesday. The National Co-ordination Committee of the State and Central GST officers, chaired by the Revenue Secretary, is likely to be held by the end of this month or early January, which among other things would also sensitise tax officers regarding issuance of notices, the official said. Speaking at the Assocham National Conference on GST, Central Board of Indirect Taxes and Customs (CBIC) Member-GST Shashank Priya said the notices sent for 2017-18 and 2018-19 were a "small percentage" of the total returns filed for the two fiscal years. He said the bunching up of demand notices was also on account of extension in the deadline given to taxpayers for filing annual returns for the two years. Goods and Services Tax (GST) was rolled out on July 1, 2017. The last date for filing annual ..

Switched jobs in 2022-23? Consolidate multiple Form 16s accurately

If you find any discrepancy in the Form 16 received from employer, request the latter to amend it

CBIC extends April GST return filing deadline for Manipur biz till May 31

The CBIC has extended the deadline till May 31 for Manipur-based businesses to file monthly GST returns, as the north eastern state continues to witness violence due to ethnic clashes. The Central Board of Indirect Taxes and Customs (CBIC) has issued three Central Tax notifications which said that the due date for filing returns GSTR-1, GSTR-3B and GSTR-7 for the month of April by registered persons whose principal place of business is in Manipur has been extended till May 31. Manipur-registered businesses were to file GSTR-1, which is the statement of outward supplies, for April by May 11. April GSTR-3B, which is the monthly tax payment form, was to be filed by May 20. GSTR-7, which was to be filed by businesses who deduct tax at source, for April was filed by May 10. Clashes broke out in Manipur after a 'Tribal Solidarity March' was organised in the hill districts on May 3 to protest against the Meitei community's demand for Scheduled Tribe (ST) status. The violence in Manipur w

Infosys to resolve major issues with new tax filing portal in a week

Sitharaman asked Infosys to work on the tax portal to make it more "humane and user-friendly"

How ClearTax has made tax filing really easy

Some of the ways by which ClearTax has eased the process of e-filing income tax returns for taxpayer