Don't Worry , Be Happy !
Goa Chamber of Commerce and Industry (GCCI), as well as the chapter of institute of chartered accountants, made a representation to income tax department pointed out that the departmental software which processes the income tax return does not differentiate between taxpayers governed under Section 5A of the Income Tax Act and those that are not.Thus [...]
The central government hiked the prices of diesel, kerosene and cooking gas respectively by Rs.3 per litre, Rs.2 per litre and Rs.50 per cylinder last week. Opposing this hike, the West Bengal government reduced cooking gas prices by Rs.16 per cylinder to partially offset the hike of Rs.50 announced by the central government. Following West [...]
These days , the income tax department has made the e-filing of return mandatory in case of every assessee having turnover exceeding Rs 10 lakhs or having professional receipts more than Rs 10 lakhs apart from companies and other entities. Previously , the processing u/s 143(1) was being done in A.O’s ward . However, now [...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
The proposal of Cyprus government to impose a 7.5% tax on all money kept in fixed deposits in the … [Read More...]
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