Income Tax

All Pending Income Tax & GST Refunds to be released Immediately

In a measure that is expected to provide relief to the taxpayers amid the outbreak of deadly coronavirus (COVID-19), the government on Wednesday decided to release all pending income tax refunds up to Rs 5 lakh immediately. The decision will come as relief for individuals who are facing cash crunch…

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Several Due Dates for Tax Compliance Extended…due to Corona Virus.

The outbreak of COVID-19 has caused immense loss to the lives of people, and accordingly, it has been termed as pandemic by WHO and the Government of India. Keeping in view the challenges faced by taxpayers in meeting the compliance requirements under such conditions, the Union Finance Minister had announced…

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No Income Tax upto Rs. 5 lacs of Income – Finally its here…..

The task force on the new Direct Tax Code which is making a New Income Tax Act has finally proposed new income tax slabs and the report has been submitted to the finance minister. If the proposals are accepted by the government, taxpayers earning between Rs 5 lakh and Rs10…

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How to Get your Income Tax Refund Faster…

After you’ve filed your Tax Return, you must be eagerly waiting for your Refund to come. One of the primary reasons for delay in processing the tax return by the CPC is the mismatch in information reflected in the tax return as compared to what is available with tax authorities.…

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Income Tax Return Filing Date Extended…. A Boon or Bane..!?

As you read the title of this blog… you already know that the due date for filing of Income Tax Return for Individuals and Non-Audit Assesees have been extended by 1 month from 31 Jul 2019 to 31 Aug 2019. So whats new about this post, it happens all the…

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GST now applicable on monthly RWA fee

For those of you… who were fortunate enough to get hold of their dream home from a developer…. Chances are this news will only bring some lines on your forehead. As if increasing cost of living in metros wasn’t enough for the ordinary Ram & Rahim, another incidence is now…

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