Tag: Press Release
Income Tax Department appreciates taxpayers & tax professionals for timely compliance, resulting in a record surge in the filing of Income Tax Returns (ITRs). According to the Press Release issued by the Income Tax Department, the taxpayers and tax professionals made their compliances in time, leading to a …
Taxman notices mismatches in interest & dividend income reported in ITRs of FY 2021-22 & 2022-23. Taxpayers advised to submit response, may be followed by notices The Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return …
Credit Guarantee Scheme for Subordinate Debt for Stressed SMEs NPA loan accounts extended till 31.03.2022 Government had announced creation of ‘Distressed Assets Fund- – Subordinate Debt for Stressed MSMEs’ on 13th May, 2020, under the Aatma Nirbhar Bharat Package. A scheme viz. ‘Credit Guarantee Scheme for Subordinate Debt’ was …
Know all about Account Aggregator Network- FAQs on Account Aggregator Network , a financial data-sharing system Last week India unveiled the Account Aggregator (AA) network, a financial data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and …
Income Tax e-Filing portal – Technical issues are progressively addressed and there has been a positive trend in the statistics of filings on the portal. The e-Filing portal of the Income Tax Department was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in …
Resolve glitches in e-filing portal by 15.09.2021 – Finance Minister told Infosys. Finance Ministry had a meeting with Infosys on glitches in e-filing portal of Income Tax Department Resolve glitches in e-filing portal by 15.09.2021 – this is reported to be demanded by Finance Minister from Infosys Yesterday …
Income Tax exemption to amount received for medical treatment from employer or from any person for treatment of COVID-19 during financial year 2019-20 and subsequent years The Government has decided to provide income tax exemption to the amount received by a taxpayer for medical treatment from an employer …
ESIC extends date for filing of ESI contribution for the month of April 2021 upto 15th June, 2021 instead of 15th May, 2021 Ministry of Labour & Employment ESIC extends date for filing of ESI contribution for the month of April, 2021 The country is dealing with a …
Government extends certain timelines under Income Tax Act in view of Covid-19 pandemic As per Press Release issued by the Finance Ministry on 24th April, 2021, in view of the severe Covid-19 pandemic raging unabated across the country, extended certain timelines under Income Tax Act. Various taxpayers, consultants …
HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021 for GST taxpayer with turnover of more than Rs 5 crore With effect from the 1st April, 2021, it has been made mandatory for a GST taxpayer, having turnover of more than Rs …
