Most people get confused with similar sounding words. TAN and TIN are one of those and may create confusion. In this post, we will explain the concept of TAN Number & TIN Number.... Read more »
TDS or Tax Deductible at Source is a big confusion point for a lot of taxpayers. What is TDS, how is it calculated and how is it deducted are some questions users have in... Read more »
GST or Goods and Services Tax is a landmark reform that came into effect from July 1, 2017. This reform aims to eliminate multiple taxes at multiple points of transactions. Hence, you... Read more »
The income tax department has already notified the new tax return forms pertinent to the financial year 2017-18 in April this year. Some forms have already had their online utility tools published.... Read more »
The interest people receive on their savings bank account is considered as their income. Moreover, it is taxable. Then also, people get tax exemption on bank interest. It is offered by Section... Read more »
On 3rd May 2018, the Government sought dismissal of Congress’ petition. The petition challenged the Lok Sabha speaker’s decision to designate the Aadhaar Bill as a money bill. The center stated that... Read more »
The alleged Aadhaar enrolment software compromised report has been denied by the Unique Identification Authority of India (UIDAI). Reports had surfaced that the software was being tampered with and being sold for... Read more »
Finally, some good news has poured in for Indian citizens trying to get a mobile SIM without an Aadhaar card. New instructions have been issued by the government regarding this issue. Now,... Read more »
The Aadhaar-PAN linking has had its fair share of criticism. Even though the government has justified the linking, criticism has poured in from all directions. According to a Times of India report,... Read more »
Now finally it seems that the government won’t be taking the prosecution of tax defaulters lightly. The income tax department has ushered in prosecution in almost 7,700 cases during 2017-18. This is... Read more »
The deadline to file your income tax for assessment year 2016-2017 nears. At such a time, knowing the amount of tax you need to pay can be helpful. It will help you... Read more »
Goods and Services Tax or GST has been rolled out in India. However, the process has not been as smooth as it should have been. Businesses have been impacted since the indirect tax... Read more »
GST or Goods and Services Tax may have come into effect a few days ago, but its effect is far-reaching. Textile industry’s reaction to GST has been largely favourable. However, certain bits like high tax... Read more »
Goods and Services Tax (GST) is a landmark reform which recently came into effect in India. The aim to roll out such a reform is to ensure there is a single tax... Read more »
Eating out is not a trend. It is a necessity in today’s times when we have to work long hours. After all, by the time we return home, the fatigue catches up... Read more »