The government has decided to extend until November 7 the last date for e-filing of income tax returns for those taxpayers who file audit reports. A senior official said the Central Board of Direct Taxes (CBDT) took the decision to extend the deadline by a week, considering the "representations made by various stakeholders". This...
Government has extended the deadline to sell pre-GST goods by three months till 31st of December this year. In a tweet, Consumer Affairs and Food Minister Ram Vilas Paswan said, on the packaged commodities, Industry can display revised MRP due to GST implementation using sticker, stamping and online printing...
New GST Tax Rates on Luxury Cars. Under the GST regime, cars attract the highest tax slab of 28 percent and on top of that, a cess is levied. An ordinance was promulgated last week to hike the cess from 15 percent to up to 25 percent. The Council on Saturday decided...
GST Council exempted taxpayers from paying the late fee for missing the deadline for filing tax returns for July , the first month of implementation for the new tax regime. The late fee payable was Rs. 100 for every day from the deadline till the return is filed. The last date for...
How to download GST Rates Finder App: Central Board of Excise and Customs (CBEC) launched GST rates finder app on Friday evening. This new mobile app has been launched by the Government of India to clear all doubts about the different GST rates. The app was launched by Union Finance...
A recent Xiaomi Today report has tipped the alleged specifications of the Redmi Note 5. The Redmi lineup of smartphones is highly popular in the Asian markets as these devices are priced affordable and are well-specced too. These handsets give a tough competition to the others in the market...
Traders and retailers can file declarations within 90 days claiming a tax credit for transition stock after the GST rolls out from July 1. The transition rules approved by the GST Council provides that "every registered person entitled to take credit of input tax shall, within 90 days of the...
Paytm has today unveiled its Payments Bank with features such as four percent interest, no minimum account maintenance charges and more. With the new banking system, the existing wallets will be transferred to Paytm Payments Bank, but the accounts will remain as two separate entities. To avail the benefits of...
Nokia 3310 certainly carries the nostalgic feel with it, and that’s what we somehow love the most. The phone which was also known among the youth in the early 2000’s as a ‘brick phone’ because of its strength and durability is now back in the ring, bringing back the...
Not only you can claim the exemption u/s 80 C but also the gains will be exempt from tax. ELSS stands for Equity Linked Savings Scheme. These are tax­-saving mutual funds that you can use to save income tax of up to Rs 1.5 lakh under Section 80C. ELSS funds...