Category: CBIC

Know More About Aatma Nirbhar Bharat Package for Small Business

February 7, 2022November 3, 2022 Chandan Tiwari No Comments

As part of the Aatma nirbhar Bharat Initiative, Ministry of Food Processing Industries is implementing a Centrally Sponsored PM Formalisation of Micro food processing Enterprises (PMFME) Scheme for providing financial, technical and business support for setting up/ up gradation of 2 lakh micro food processing enterprises through credit linked grant during five years from 2020-21…

Aatma Nirbhar Bharat, CBIC, MCA, MSME, Startup

income from these 10 sources won’t be subject to even in tax.

January 29, 2022November 3, 2022 Chandan Tiwari No Comments

If you do a job or business somewhere, then you may have to pay Income Tax. Employed people have to pay income tax not only on salary but also on many things like interest coming from savings, earning from home, side business, capital gains. But do you know that there are some sources of income…

CBDT, CBIC, EPFO, Income Tax, Marketing, PPF

The GST Council made a big change in the rate of these thing!

September 18, 2021November 10, 2022 Chandan Tiwari No Comments

The GST Council meeting was held in Lucknow on Friday under the chairmanship of Finance Minister Nirmala Sitharaman. After this meeting many important decisions were announced. These decisions will have a direct impact on the common man. In this, the exemption from GST on medicines to prevent coronavirus was increased to 31 December 2021. But,…

CBIC, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust

CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961

September 1, 2021January 25, 2023 Chandan Tiwari No Comments

On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of such Forms. The further details are as under:…

CBDT, CBIC, File Your Income Tax Return, Income Tax, Marketing, Media, PAN Card, TDS

CBDT extends date under section 3 of the Vivad se Vishwas Act

September 1, 2021November 7, 2022 Chandan Tiwari No Comments

Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act. As per the latest notification dated 25th June 2021, the last date of payment of the amount (without any…

CBDT, CBIC, File Your Income Tax Return, Income Tax, Marketing, Media, PAN Card, vivad se vishwas

What is benefits of file Income Tax Return?

August 19, 2021June 13, 2024 Chandan Tiwari No Comments

Filing an Income Tax Return (ITR) in India is crucial, even for individuals whose earnings are below the taxable limit, due to its multiple advantages: Tax Exemption Limits: Advantages of Filing an ITR Filing an ITR ensures compliance with tax laws and provides several financial and practical benefits, aiding in personal financial management, loan procurement,…

BANK, Capital Gain, CBDT, CBIC, File Your Income Tax Return, Income Tax, Marketing, Media, PAN Card, TDS

IT Department has issued 3 email ids for filing complaint under faceless assessment

August 9, 2021 Chandan Tiwari No Comments

There is good news for taxpayers. Now the taxpayers will not have to stand in the dock of questions. In fact, the IT Department notified three official email IDs for taxpayers to file complaints under the ‘Faceless’ or e-Assessment Scheme. Under the e-assessment scheme, there is no face-to-face between the taxpayer and the tax officer….

CBDT, CBIC, File Your Income Tax Return, Income Tax, Marketing, Media, PAN Card, vivad se vishwas

Instead of requiring self-certify your GST annual returns

August 2, 2021November 14, 2022 Chandan Tiwari No Comments

There is relief news for businessmen. According to the order of the government, now GST taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. For this, there will no longer be a need to get mandatory audit certification from Chartered Accountants. The Central Board of Indirect…

CBDT, CBIC, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media

Personal income tax collection surpassed corporate tax collection first time in 12 years

July 26, 2021 Chandan Tiwari No Comments

Whatever did not happen in the last 12 years regarding income tax , happened during the tenure of Modi government. The central government on Monday presented its account data for the financial year 2020-21. For the first time in 12 years, personal income tax has been higher than corporate tax. That is, ordinary taxpayers have…

CBDT, CBIC, File Your Income Tax Return, Income Tax, Marketing, Media, PAN Card

Income tax no taxable income yet tax deducted know how to get refund!

July 24, 2021 Chandan Tiwari No Comments

The deadline for filing income tax returns for the financial year 2020-21 has now been extended to September 30, 2021. ITR should be filed by all irrespective of whether they fall in the taxable bracket or not, because many times the tax is deducted even if the salary is not taxable or more tax is…

CBDT, CBIC, Income Tax, Marketing, Media, PAN Card, PPF, TDS