Tag: Taxpayers

Bhubaneswar/New Delhi: In a big relief for taxpayers opting to use opening balance of pre-GST credit in the current month, the government has extended the deadline for filing the first GST return for the month of July to August 28 from its original deadline of August 20. But taxpayers who do not want to claim […]

The Income Tax Department has warned salaried taxpayers to refrain from under-reporting their income or inflate deductions and exemptions while filing tax returns, warning that wrong claims would be treated as cases of tax evasion. In a single-page advisory issued on Wednesday, the department said such attempts aided and abetted by unscrupulous intermediaries have “been […]

New Delhi: The government on Friday extended the deadline to file GSTR-1 for all taxpayers by 10 days, till January 10. In a statement, the Finance Ministry said that all registered persons having aggregate turnover of up to Rs 1.5 crore in the preceding or the current financial year will have to file quarterly return […]

New Delhi: In what may be a big relief to the GST taxpayers, the Central Government today extended the deadline to file returns GSTR-2 and GSTR-3 for July to November 30 and December 11 respectively. Form GSTR-2 reflects purchases made by a business whereas GSTR-3 is a combination of sales and purchases. The deadline to […]

Bengaluru: Government on Saturday ruled out any further extension in filing of returns under GST after December and advised the taxpayers to file them in advance and not wait for the last day. “We have kept long deadlines for GST filing. For at least six months the taxpayers have to file their own assessment. There […]

New Delhi: As many as 33 lakh new taxpayers have been added to the tax net post demonetisation, parliament was informed on Tuesday. However the number of taxpayers added is less than the number of taxpayers added between the financial years 2014-15 and 2015-16, when 40 lakh extra returns were filed, the government data showed. […]

The Central Board of Direct Taxes (CBDT) has now extended the due date for furnishing of Return of Income for the Assessment Year 2021-22, which is 31 July, 2021 by couple of months to 30 September, 2021.

New Delhi: In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the…

New Delhi: The Central Board of Direct Taxes (CBDT) on Monday refuted reports that e-filing of income tax returns (ITRs) had dropped in FY19, claiming that ITR e-filing figures of financial year 2018-19 were “not comparable” to those of 2017-18. “This is factually untrue, because the figures for FY 2017-18 and FY 2018-19 are not […]

With an aim to facilitate hassle-free filing of income tax returns by all categories of tax payers, the Income Tax has launched a lite e-filing facility. In a public advisory, the Income Tax department said the ‘e-Filing Lite’ is a lighter version of the e-Filing portal. Users can access the ‘e-Filing Lite’ by clicking a […]

New Delhi: In its bid to curb corruption by making tax filing and their review faceless, the government has come out with e-assessment scheme, 2019 making it mandatory for all communication between tax department and taxpayers to be done online. Now, tax notices will be issued by a centralised e-assessment centre requiring taxpayers to reply […]

New Delhi: In a relief to taxpayers, the government on Thursday extended the due dates for filing GST annual returns for 2017-18 to December 31 and for the financial year 2018-19, to March 31 next year. The dates for filing the reconciliation statement has also been extended accordingly. In another relief, it has also decided […]

New Delhi: The government has extended the Sabka Vishwas (Legacy Dispute Resolution) Scheme, which received huge response with 73 per cent of the eligible taxpayers availing the amnesty scheme and committing to pay Rs 30,627 crore, by 15 days to January 15, 2020. “Keeping in view the taxpayers’ response, the central government has extended the […]

New Delhi: In a major relief for small traders with an annual turnover of Rs 5 crore or less, the government on Wednesday announced the extension of the cut-off date for filing monthly GST returns by up to 4 days. While the return filing date for firms with an annual turnover of Rs 5 crore […]

New Delhi: The I-T Department on Monday gave a one-time relaxation to taxpayers who have not yet verified their e-filed tax returns for assessment years 2015-16 to 2019-20, and asked them to complete the verification process by September 30, 2020. A taxpayer filing Income Tax Returns (ITR) electronically without digital signature has to verify it […]