Indian Taxation News, Updates, Reforms and Planning

GSTR 3B : Last Week to File the First GST Return; Do’s and Don’ts

GSTR 3B was introduced by the government in order to provide ease in filing return. GSTR 3B should be filed before 20th...

One Month Of GST: Promising Future with Less Hiccups

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One Month Of GST: Promising Future with Less Hiccups

Goods and Services Tax – GST was rolled out on July 01, 2017 and it’s been a month now. Take a tour...

Increased Income Tax Returns and PAN Deactivation Drive

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Increased Income Tax Returns and PAN Deactivation Drive

Income tax is an important source of revenue for Governments. Historically, India has received low-income tax revenue. Latest reports from the Income...

ITR Filling 2017: Key Points to Remember

There are hardly three days left for ITR filling and the government has changed the guidelines of return filling this time. Not...

Demonetization Crackdown: IT Department Targets Cash Deposits in Corporate Accounts

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Demonetization Crackdown: IT Department Targets Cash Deposits in Corporate Accounts

In ongoing demonetization crackdown; Investigating Agencies sent notices to many business houses and cash depositors. The phenomenon has been repeated for the...

Why Only 1.5% Indians Pay Income Tax & 3% Assessed - Case Study

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Why Only 1.5% Indians Pay Income Tax & 3% Assessed – Case Study

July 31st is around the corner and I thought of writing something topical. It is the last date for filing Indian Income...

MyTax App to Simplify Your Income Tax Woes

Taking the concept of digitization a few inches upward, it seems now the brick and mortar way of tax payment is going...

Govt's GST Rate Finder App to Help Business and Consumers

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Govt’s GST Rate Finder App to Help Business and Consumers

Central Government on Friday launched an app named GST Rate Finder to help consumers in finding the accurate tax rate of different...

With the increasing formalization of taxation system through the process of digitization, many enterprises in SME sector shall come within the ambit of taxation for the first time.

Impact of GST on SME Sector

Goods and Services Tax is being touted as the biggest tax reform in the history of India. This is said to do...

GST: Path Breaking and Revolutionary Tax System for India

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GST: Path Breaking and Revolutionary Tax System for India

July 01, 2017 marked the beginning of Goods and Services Tax in India. People are excited as well as confused with the...