Goods & Services Tax Network (GSTN), advised GST Tax Payers on Guidelines to follow in using Invoice Number Series, Specification on the invoices they issue to be compatible with GSTN, eWay Bill Systems, and other return utilities.
Form 67 is a statement or form required to be submitted by the tax payer to claim foreign tax credit. Read more
Recently CBDT is identifying the filers through Non-filers Monitoring System (NMS) by using Data Analytics and requesting the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days.
In budget 2017 certain amendments applied for TDS on rent and rates at which TDS on rent is to be deducted. As per Finance Act, 2017, “TDS on Rent” under section 194-IB is liable to be deducted by Individuals or HUFs
Making payments outside of India requires certain compliance, one among those compliance is the submission of Form 15CA and 15CB. These must be submitted under various scenarios.
After GST roll out in India, under “Make in India” policy, the Indian Government aimed to increase the output and quality of exports from India and gave many tax benefits to exporters.
In support of Indian government’s Mission “Cashless economy” and “Anti-Corruption Measurements”, the Income Tax Department warned those who are doing large cash transactions and said it may lead to penalty or deductions not allowed in returns for such transactions.
As the new year is coming around the corner, we @ EZTax.in are equally excited to announce that the Income Tax Filing Software @ our online portal https://eztax.in is now equipped with the AY 2019-20 Questionnaires and Computation Logic.
GST Annual Return Filings Due Date Extended | EZTax.in
Income Tax Department made the new PAN card rules to restrict illegal non-payment or underpayment of taxes.