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.
Mr. Narendra Modi, PM of India launched a portal to ease of issuing credit to MSME businesses. It was understood that the Loan issuance is one of 12 point program in raising the ease of doing business in India.
MCA granted ROC filing extension | EZTax.in more on why extension and the circular contents
Evolution of Income Tax System in India from ancient time| EZTax.in It’s interesting to see how the income tax system evolved over the time.
Income Escaping Assessment or Re-assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax thereon| EZTax.in
Clubbing Of Income Income Tax is levied on the slab system on the total income in case of the individuals. The tax system is progressive i.e., as the income increases, the applicable rate of tax […]