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Income Tax Returns filing deadline extended to August 31
July 23, 2019
The government on Tuesday extended the due date for filing income tax returns by individuals for financial year 2018-19 by a month till August 31. Individuals, including salaried taxpayers, and entities – who do not need to get their accounts audited – were required to file their income tax returns for fiscal 2018-19 (Assessment Year […]
Gurugram Zone DGGI arrests two businessmen for fraudulent issuance of around Rs 40 crores of input tax credit
July 19, 2019
Posted On: 18 JUL 2019 8:17PM by PIB Delhi Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has arrested two businessmen, namely, Sh. Anil Kumar Jain of M/s Jatalia Global Ventures Ltd, Delhi, and Sh. Manoj Garg of M/s Manoj Cables Ltd. Delhi, today in a case of fraudulent issuance of Input […]
BUGET HIGHLIGHTS
July 9, 2019
*Budget Highlights* *Income-tax*1. The threshold limit for reduced tax rate of 25% in case of domestic companies has been increased from Rs. 250 crores to Rs. 400 crores. Thus, a domestic company whose total turnover or the gross receipt in the previous year 2017-2018 does not exceed Rs. 400 crore shall be taxable at the […]
GSTR 3B IS NOT RETURN
July 9, 2019
Gujarat High Court decision – 3B is not a return, hence there is no due date for availment of missed out credits.

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