The objective of GST Audit is to ensure and promote the correctness of turnover declared, taxes paid, refund claimed & input tax credit availed, and to assess the compliance of Registered Taxpayers (RTP) with the provisions o
So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora, according to sources in the Department of Revenue (DoR).
Budget 2021 Income Tax Slabs and Rates, Income Tax Budget 2021 Announcements Updates: Ahead of the Budget presentation, income tax experts and professional bodies like ICAI recommended the government to increase the deduction
Union Budget 2021 India: In the midst of an economic slowdown induced by the ongoing pandemic, the Hon’ble Finance Minister must grapple with the challenging task of encouraging consumption for economic revival.
Union Budget 2021 India: he Limited Liability Partnership Act, 2008 (“LLP Act”) introduced a hybrid of partnership and a company, in the form of an LLP, having lesser compliances and limited liability, making it a sought-
Most analysts expect the nominal GDP to grow at 15% or thereabouts in FY22; going by historical pattern, it is possible that the tax revenue will grow at the same rate (buoyancy 1) or even up to five percentage points higher.
Tax officials said the action was undertaken at the offices of the two entities-- Instakart and Swiggy-- in Bengaluru, apart from the office locations of the associated vendors, on Wednesday and Thursday.
Returns in ITR-1 Sahaj are filed by individuals whose total income does not exceed Rs 50 lakh, while form ITR-4 Sugam is meant for individuals, Hindu Undivided Families (HUFs) and firms (other than Limited Liability Partnersh