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Faster, easier and secure gateway to E-file income tax return


Jharkhand Assembly Clears GST Bill

In a one day-special session held this Thursday (27th April’17) the Jharkhand Assembly paved the way for implementing GST to roll out this July by passing the GST bill.

After Telangana and Bihar, Jharkhand now became the third state to uphold GST with the passing of this bill.

By AllIndiaITR - 4/28/2017
GSTN Boosts Technology for Flawless Implementation of GST

GSTN Boosts Technology for Flawless Implementation of GST

Goods and Service Tax (GST) which is planned to roll out on 1st July 17 by Indian Government, clamber to finalize its technology. The aim of Indian Government is to generate as many as 3.5 billion invoices each month with this technology.

The implementation of GST is expected to give a

How to Claim TDS When Deducted but Not Deposited by The Employer

How to Claim TDS When Deducted but Not Deposited by The Employer

Employers deduct TDS from employee’s salary and deposit it to the tax authorities against employee’s PAN. But there are many cases when employers deduct the amount from employee’s salary but don't deposit it to the IT Department. In such cases, employees turn out to be the s

GSTN Boosts Technology for Flawless Implementation of GST

GSTN Boosts Technology for Flawless Implementation of GST

Goods and Service Tax (GST) which is planned to roll out on 1st July 17 by Indian Government, clamber to finalize its technology. The aim of Indian Government is to generate as many as 3.5 billion invoices each month with this technology.

The implementation of GST is expected to give a

How to Avail HRA Benefits within Newly Introduced Rules

Claiming HRA exemption for salaried employees will not be as easy anymore. The Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that rent receipts will no longer be a conclusive document for approving house rent tax exemptions and income tax officers can now demand further proof before appro

Claiming HRA Benefit with Fake Rent Receipts Is Not Valid Anymore

House Rent Allowance is the second largest component of salary that is structured to save on taxes for individuals living in rented accommodation. If the salaried individual has his/her own house and doesn’t live in a rented house then HRA is not applicable. To benefit from this tax exempti

New 1-Page ITR Form-1 (Sahaj) Is Now Available for Filing Income Tax

The India Government has introduced a simplified 1-page ITR form for salaried individuals, which will be applicable from the current financial year. This form is now available for physical income tax filing and it is much easier to fill than the earlier 2-page ITR form. To simplify the form, some

Income Tax E-Filing Tips for First Time Taxpayers

Every year many taxpayers file their income tax return for the first time wherein many of them dread the complex process of tax calculation and filing. The online income tax filing process is much easier than physical filing process as it does not require manual calculations. For

Changes in ITR-1 Sahaj Forms to Simplify the E-filing ITR Process

Traditionally filing income tax return is regarded as a time taking process but the current government has introduced new changes in ITR form to break this myth. This change will be applicable on e-filing ITR for Financial Year 2016-17 and will come into effect from 1st April 201

How Goods and Services Tax Will Affect the Picture Of E-Commerce Industry In India

Goods and Services Tax is going to launch by 1st July this year and businesses are getting ready to get GST compliant. GST was proposed to ease the structure of indirect taxes in India but above that, this law has many other aspects that all businesses will have to comply with. This article will

How To e-File Income Tax Returns : Filing ITR Online

Filing ITR online or e-filing ITR is the latest trend and also convenient at the same time. Most of the businesses and even the individuals are filing online ITRs these days because of the ease and time-saving it provides apart from many other related benefits. Besides, the latest mandate issued

Why Filing Income Tax Is So Important For SMEs

Most of the SMEs in a general sense feel that filing income tax is not a thing for them to follow and it has got everything to do with only the big corporates and businesses. However, they don't realise the related consequences of evading from tax returns. Besides, SMEs possess this feeling o

How To Pay Your ITR Using a Credit Card

To make India a cashless economy and to curb the generation and flow of black money, government wants every single individual to pay their ITR using a credit card. By this way, it will also be able to achieve a steep fall in the number of cash transactio

How to Get Your Tax Related Issues Resolved Before March 31 2017

It is high time to prepare for filing your tax returns as the last date to file your ITR is coming closer. However, people in general, face a lot of issues while filing ITR online, which is understandable as it’s not that easy as it looks. However,

Tax Defaulters Owing Rs 448 Crores Named In Public By The IT Department

Tax defaulters are in serious trouble as of now as the Income Tax Department has already made the list of chronic tax defaulters public on their website. A list of 29 entities has been released which together owe a total of Rs. 448 crores in taxes to the income tax department. This new move by th

4248 crore Undisclosed Income Unearthed by the IT Department

The Income Tax Department has recently discovered Rs 4248 crores as undisclosed income from the Karnataka and Goa region. This latest finding has been reported yesterday only with Income Tax officials concerned with the said region informing the media stating that 73 business groups suspicious of

Now Aadhar Made Mandatory to File IT Returns

The government on Tuesday rolled out a new mandate that says that AADHAR number is a must to file IT Returns. The said development has been announced in readiness to the Budget 2017. Also, mentioning AADHAR has been made a compulsion to apply for PAN under the newly issued official orders by the

Cash Transaction Limit lowered from 3 lakhs to Rs 2 Lakhs by The Govt

The new amendment under the latest finance bill supports for lowering of cash transaction limit from the earlier announced amount of Rs.3 lakhs to Rs. 2 lakhs in order to curb the use of black money and cash hoarding. However, during the last month in the wake of Budget 2017 important announcemen

Verification Methods Used in Income Tax Return Filing

Income Tax Filing deadline is about to reach in 4 weeks and many of the responsible taxpayers have already started their ITR filing process by now. In the ITR filing process, verification is an important method to complete to verify the assesse. The return is treated invalid unti

Restriction on Cash Transactions to be in effect from 1st April

Indian Government is all focused on curbing black money operations in India and have made many restrictions for cash transaction and tax deduction for the current financial year. In recent union budget, it was announced by the finance minister that a cap will be applicable for cash transaction fr

Last Minute Tips to Solve Tax Filing Issues by Deadline

The tax filing due date for financial years is 31st March in India and every taxpayer needs to be careful with it. Before filing tax returns, one need to finish up these tasks so they don’t face any issues with submitted returns. This article is more about Know More..

Delay in Income Tax Filing Will Lead to Heavy Penalty

The Indian government is taking many initiatives to ensure the higher volume of tax return filing by the coming assessment years. One of the notable initiatives taken is increasing the penalty rate for non-filing income tax return or delayed return filing. In finance Bill 2017, i

Educational Institutions to enjoy Service Tax Exemption from 1st April

Service tax is levied by the Government of India on certain service providers for certain services and it is collected by the service provider who later submits it to the Government. It is a type of indirect tax that a service receiver pays for receiving those services. However,

All That You Need to Know About Sales Tax

Sales tax is a form of Indirect Tax that is levied on the sale of goods and services in an economy and is imposed at the point of exchange and/or purchase of taxable items. It is not levied on the resale of the same commodities without any value-addition and is also charged on contractual work an

Basic Help Guidelines For Income Tax Return Filing

31st July is the yearly deadline for income tax filing and the calendar has already turned to March. This article is dedicated to the taxpayers as last minute tax filing guidelines so that you don’t miss out any important section. 31st July deadline is specified for salaried individuals and

Know the IN and OUT of Goods and Services Tax

Since the economic liberation of India in 1991, Goods and Services tax is one of the biggest reforms in the structure of the indirect tax system of India. GST would be the sole indirect tax to be paid from the level of the manufacturer to that of the common people, which would transform the natio

Some Changes Made in Service Tax Policy in Budget 2017

Service Tax is an indirect tax levied on certain services which are collected by the service provider and later submitted to the Government of India. The service receiver pays the amount to the service provider who further pays the amount to the government. So what has changed have been proposed

Section 80GG to Avail HRA Tax Exemption on Paid House Rent

Employee salary is made of many components in which house rent allowance is the second most important one. But the difference between other allowances and HRA is that HRA is partly exempted from tax liability. Under section 10(13A), a certain amount of HRA is non-taxable. This benefit is availabl

New Amendments in Income Tax Rules for Charitable Trusts

Budget 2017 has proposed many new amendments in income tax rules for charitable trusts and their income tax policies. For start, previously charitable trusts accepting properties or money donated by any person without consideration was non-taxable under section 56(2). Now, a new clause (x) has be

Calculate Income Tax Liability on Income from House Property

Income tax act in India allows citizens to declare only one house property to be self-occupied which will be exempted from the house tax liability. All the other property will be declared as rented property which will be taxable.  The let out properties will be considered with the concept of

The Best Tax Structure in India To Select for Startups

For startups, it is very important to have an advance tax planning before registering their business with a specific business structure. Most of the startups in India either choose to be an LLP or a PLC while registering the company. LLP stand for Limited Liability Partnership an

The Picture of Gold Investments and Income Tax Rules in India


Gold investments are becoming one of the common ways to save on income tax bracket as it also holds a traditional value in Indian’s mind. Investments in gold were previously limited to jewelry purchasing but now with the changing picture, taxpayers are more focused on i

The Income Tax Deductions You Can Avail Before It is Too Late

taxpayers must manage their income tax deductions investments before the calendar strikes the end of Financial Year. Once the financial year ends, no such plan can reduce your taxable income and you have to pay higher tax in July. There are few last-minute steps that can save a big amount of your

Income Tax Return Liabilities Possessed on EPF withdrawals

Income tax return imposed on EPF or Employee Provident Fund is an important matter of concern for the employees. There is traditional believe works on their mind that withdrawing money from EPF account is tax-free. In reality, EPF withdrawals are taxable depending on some conditions and in some c

TDS Mandatory if Rent Exceeds Fifty Thousand

TDS payment has been made mandatory for the house rent exceeding INR 50,000 a year and this will applicable for a metropolitan city. The TDS need to be deducted by the rent payer on behalf of their landlord. This decision is the result of current government’s focus of widening the tax net b

Tax Saving Funds Can Save Bigger on Income Tax Return

The income tax return filing date is ticking the calendar and taxpayers are getting more calculative to save more on that.  Tax saving is always a big matter of concern for the Indian taxpayers and investments are the usual way to fulfill that. Previously, investments were mostly made into f

Changes in Indirect Taxes to Be Imposed in Union Budget

Although, Goods and Services Tax is going to replace all the current indirect taxation systems soon, yet many changes have been announced for indirect taxation system in Union Budget 2017. This changes will be introduced and will act until GST rollout to replace the current indirect taxation syst

Some Complications And Myths Coming On The Way Of GST Transition

Much-anticipated Goods And Services Tax will be in action by 2017 and businesses have started to prepare for this "One-India" process. Although, the transition process has started but has many challenges that businesses are facing at the moment. The transition process is huge and w

Why GST Will Be More Helpful For The Startups!

GST rates are the new discussion point in the nation and everyone wondering about is how it will get gel-into the Indian business system. Well, according to the recent analysis reports, this system will ease business structure and will attract more foreign investment into the sector. Where all th

Startups Will Enjoy 100 Percent Income Tax Benefit for Some More Time

Indian Government is all focused on curbing black money operations in India and have made many restrictions for cash transaction and tax deduction for the current financial year. In recent union budget, it was announced by the finance minister that a cap will be applicable for cash transaction fr

The Income Tax Slab Changes Announced In Union Budget 2017

Indian’s eyes were stuck to the clock this morning to know the Union budget for the coming fiscal year. Many new schemes were announced for farmers, women and senior citizen, but the biggest topic that covered all limelight was the income tax relief offered for the salaried citizens. There

Now PAN Card is Mandatory for All Type of Bank Accounts

The Indian financial system is experiencing various changes in the last few weeks, which are much related to income tax filing and related mechanisms. The current situation is more focused into eradicating corruption from the financial system which requires more authentication sy

ATM Withdrawal Limits are Going To Be Removed From 1st February, 2017

From the last few months, people have been through a difficult situation with obtaining cash in regular ways. It has been quite a few years that Indians are addicted to the ATM culture and withdraw cash only from ATM whenever they needed. This culture was mashed by the demonetization hitting the

Amendments to Restrict High Value Cash Transactions

Indian Government is introducing new income tax rules to minimizing the chances of black money accumulation by the Indians. Still many people in here do not assume paying income as a mandatory citizen duty and thus try to find out new ways to escape tax payments. This black money accumulation aff

The Maximum Income Tax Relief An Indian Taxpayer Can Get Is INR 14,806

The most attractive announcement made in the Union Budget 2017 is reducing the income tax rate from 10% to 5% for the tax slab of INR 2.5-5 lakhs. This has caught the importance as most of the common taxpayers in India falls under this category.

Now, talking about other higher tax slabs

Some Less Discussed Yet Important Facts About GST Rates

Goods and Services Tax is the new topic of discussion these days as it is shortly going to transform the Indian taxation system. Though many discussions are going on, yet many do not know about the exact proposed tax slabs attached to this system. Currently, we are paying double taxes while purch



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