The finance ministry said that with the easing out of Covid restrictions, GST collection for July and August 2021 have again crossed Rs 1 lakh crore.
Losses on capital gains and losses on business and profession shall not be carried forward in case of belated ITR filing
17 out of 18 CCITs except Guwahati have collected more than Rs 1,000 crore during this period.
All India tax collection in April-July 2021 crossed Rs 3 lakh crore which marks almost 98% year-on-year growth
Some taxpayers complained that interest and late fee was charged while filing income tax return (ITR) after July 31, 2021
All the taxpayers must maintain all the necessary supporting documents to justify the transactions in case of any IT notice being served
Under the faceless assessment system, a taxpayer or an assessee is not required to visit an I-T department office or meet a department official for in
This year, some tax professionals apprehend, the dates have to be extended thanks to the glitches of the new revamped IT portal
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore, Sequentially, it was Rs 92,849 crore in June this year.
On the 161st anniversary of Income Tax Day, she complimented the I-T dept for continuing to work towards simplifying its procedures and processes