The Supreme Court (SC) has allowed linking of PAN with Aadhaar while reading out its verdict on the constitutional validity of Aadhaar. The apex court also said that quoting Aadhaar number is a mandatory to file income tax return (ITR) and for applying for a new PAN. As per the Central Board of D...
read more
If you are yet to link your Permanent Account Number (PAN) with Aadhaar, the deadline to do the same is March 31, 2020. The Income Tax (I-T) Department has been putting out regular reminders regarding the same on its official Twitter handle. On March 16, the tax department tweeted saying that it ...
read more
While doing your tax planning for FY2019-20, it is important to know which tax slab your income falls in. The slab rate in which your income will fall is the rate at which your last rupee of income will be taxed. As your income level increases, income at different levels or in different bands wil...
read more
As a GST registered dealer, you are required to provide GST Invoices, also known as bills to your clients. 1. What is a GST Invoice? An invoice or a bill is a list of goods sent or services provided, along with the amount due for payment. 2. Who should issue GST Invoice? If you are a GST...
read more
During the course of filing GST Return, a taxpayer may discover additional tax liabilities that he or she may need to pay. GST tax portal has the provision that allows you to do so. “There is a section in the GST portal that talks about user services. There you need to choose DRC 03 and th...
read more
Ever since the GST came into effect on July 1, 2017, the Indian economy has seen a plethora of regulations implemented by the GST council. Now the department is using analytics to keep tab on the errant taxpayers who are claiming excess input tax credit or to track some taxpayers who are not serious...
read more