Govt to set up online audit mechanism under GST: Parliamentary panel
The recommendation was made in view of the concern with respect to audit in GST under which a large number…
Author: TW Editorial Team
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
GST Council to clear online gaming taxation law changes on 2 August
The online gaming industry has expressed concerns about the impact of the tax on the sector. India is the world’s…
ITR Filing Due Date Extension : Will govt extend the deadline
Taxpayers are rushing to file their income tax returns in India before the July 31 deadline, with over 4 crore…
Income Tax Rebate Under Section 87A: All you need to know
Section 87A of the Income-tax Act, 1961 allows a income tax rebate in case the taxable income does not go…
How to check income tax refund status
1. Overview Income tax refund means a refund amount that is initiated by the income tax department if the amount…
Delhi High Court reprimands GST authority
Coming to the rescue of a tax payer, the Delhi High Court on Tuesday reprimanded the officials of the Commissioner…
Rs 3.33 trillion GST evasion detected during FY19-FY23
Rs 1.08 trillion in taxes recovered from fraudsters The Goods and Service Tax (GST) authorities have detected Rs 3.33 trillion in tax…
IT dept sends 100,000 notices over under-reported income
Finance Minister Nirmala Sitharaman Monday said that the income tax department has sent one lakh notices in cases where assesses…
GST Rules Changing From August 1: You need to know
From 1st August 2023, in light of Notification No. 10/2023–Central Tax dated 10th May 2023 the e-invoicing is mandatory for…
Income Computation and Disclosure Standards (ICDS): in Shorts
In exercise of the powers conferred by sub-section (2) of section 145 of the Income-tax Act, 1961, the Central Government…
Advisory issued on on e-Invoice exemption declaration functionality
Goods and Services Tax Network (GSTN) has issued an Advisory today on 24th July, 2023 on e-Invoice exemption declaration functionality…
FAQs on filing the income tax return for AY 2023-24
What is return of Income ITR stands for Income Tax Return. It is a prescribed form through which the particulars of…