What Happens If You do not file Your Income Tax Return

Most of us have heard at least a story about someone getting into problems for not paying their income tax return. Everybody thinks that if someone has paid all one’s taxes there isn’t any consequences even if someone misses the tax return filing deadline. This is not true even if all your income taxes have […]

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Published on : Thursday 3 November 2016              Filed Under : Circulars No Comments

Goods And Services Tax Bill (GST) All you need to know

The GST or Goods and service tax Also known as One Hundred Twenty second amendment Bill,2014 implemented by GOVT of Inda in 2016 August. According to financial/economic specialists , by implementing general and services tax India can gain 15 billion dollar yearly, we can increase our exports,more employment opportunities,etc.. definitely it is going to change the […]

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Published on : Wednesday 2 November 2016              Filed Under : Tax Tips No Comments

You Can Revise Income Tax Return Within The Given Time Limit

You have the option of filing a revised return, if you realize that you missed reporting an income or deduction when you filed your income tax return(ITR) for the previous fiscal. You should have filed the original return before the due date,31 July. When to file a revised return You can refile ITR with modifications, […]

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Published on : Thursday 13 November 2014              Filed Under : Tax Tips No Comments