News

Agri Exports May Grow 15% In FY22: Commerce Ministry

Agri Exports May Grow 15% In FY22: Commerce Ministry

The ministry of APEDA stated that exports of products such as rice, meat, cereals, and milk products were predicted to rise at 15 percent by April-June 2021 and to reach $3.3 billion annually exporting $4.81 billion by April-June 2021. In this article, we will discuss on Agri Exports May Grow 15% In FY22: Commerce Ministry. … Read more

Income tax Dept doesn’t consider iPad a Computer

Income tax Dept doesn't consider iPad a computer

Most of us might have used an iPad as a replacement for office computers while working from home. From writing emails to attending video calls for work, people used the iPad for several computing purposes. As a result, there was a lot of confusion about whether someone can claim tax depreciation on the iPad at … Read more

Bombay HC says refund by builder to buyers not liable to TDS under RERA

Bombay-HC-tells-repayment-by-the-builder-to-purchasers-not-legally-responsible-to-TDS-under-RERA

Recently, the Bombay high court is heading for a builder to repay amounts to flat purchasers based on a March order with no creation deduction of tax at the source. This article helps to demonstrate that Bombay HC says refund by the builder to buyers not liable to TDS under RERA in detail. Further Information … Read more

No GST on hostel fees if less than Rs 1k per day

No GST on hostel fees if less than Rs 1k per day

The ruling states that each learner’s hostel payment below Rs thousand each day would be subject to a ‘zero’ rate underneath Entry Number fourteen. The article gives information about No GST on hostel fees and the significance of. In this article, you’ll learn about No GST on hostel fees if less than Rs 1k per … Read more

Govt extends deadline for filing of various forms under Income Tax Act

Extension-of-Income-Tax-Return-Filing

The Finance Minister extended the time limits for the electronic submission of different forms covered in the 1961 Income Tax Act. The reason for extending the Deadline for filing various forms under the Income Tax Act is that several taxpayers reported issues in the New Income Tax Portal.  In this article, you will learn about … Read more

Indian tobacco seeks 5% tax relief to boost exports

Indian tobacco seeks 5% tax relief to boost exports

The tobacco industry in India wants tax incentives to assist boost exports. As we all know, there’s a decreasing export base due to an increase in competition from smaller nations. Therefore, Indian Tobacco seeks 5% tax relief. The Indian Tobacco Association (ITA) which accounts for 90%-95% of the export of tobacco has requested that the … Read more

GST Amnesty Scheme Extended

GST-Amnesty-Scheme

Good news for taxpayers amid COVID-19 as the Finance Ministry extends the last date for availing the GST Amnesty Scheme. After a long wait and a delay in GST return filing caused by complexity in GST return filing compliances, GST Council capped the late fees on GST return filing in the 43rd GST Council Meeting. … Read more

Srisailam temple receives ISO Certification

Srisailam temple receives ISO Certification

The ISO group examines the temple during the Covid 19 pandemic or studies the execution of Coronavirus protocol. The article gives you all the information regarding the Srisailam temple receives ISO Certification. Srisailam temple receives ISO Certification. Sri Bhramaramba Mallikarjuna Swamy Varla at Srisailam has got an ISO certificate for taking efficient preventive measures during … Read more

GSTR 8 Return Filing

GSTR-8-Return-Filing

The GSTR8 is a statement or document that should file e-commerce workers (persons who construct and run online markets that enable another retailer to sell their goods to clientele) monthly. It should have the information of provisions made to clients throughout the taxpayer’s e-commerce portal by unregistered people or registered chargeable people, client’s basic details, … Read more

FM Sitharaman gives ultimatum to Infosys to fix income tax portal

FM Sitharaman gives ultimatum to Infosys to fix income tax portal

As per the latest news, Finance Minister Sitharaman gives an ultimatum to Infosys. As we all know, the Ministry of Finance launched a new income tax portal on June 7, 2021, collaborating with Infosys. However, ever since it was launched, several taxpayers and professionals reported many issues in the portal. It’s almost the end of … Read more