According to Section 285BA of the Income Tax Act, 1961, a statement for financial transactions (SFT) need to be filed for the transactions prescribed under Rule 114E of the Income Tax Rules, 1962. The due date of filing of Statement… Read More
Income Tax Department facilitates to correct the errors in Adhaar and PAN
The income tax department has recently went under launch of an e-facility to correct the errors in the database of PAN and Adhaar. Further the department has launched the facility to link the biometric identifier Aadhaar with PAN. The department… Read More
GST will Rule out from July, 2017
While attending the African Development Bank’s annual meet on tuesday, the Finance Minister Mr. Arun Jaitley clarified that there is no doubt that the GST will rule out in India from July 1, 2017. Jaitley also said that in the… Read More
GST Enrolment
The GST is geared up for launching on July 1, 2017, according to the recent reports it has been came to notice that only 34% Service Tax Assesees have been enroled for GST. The GST enrolment percentage for VAT and… Read More