Author archive for bassadmin

  • Mar182019

    New amendments/ updates for Fy-19

    Income tax e-returns filed for the April-February period has grown nearly 30% compared with the corresponding period in FY18. While…

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  • Mar182019

    Salient Features from The Banning of Unregulated Deposit Schemes Ordinance

    It extends to the whole of India except J& K... It shall be regulated by the concerning State Governments/UTs... It…

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  • Apr212018

    How a Bengaluru case turned the Income-Tax Department’s gaze on India’s salaried class

    So far it was only the rich who were afraid of income-tax sleuths. With his tax deducted at source and…

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  • Apr212018

    Income Tax department warns salaried class again filing wrong ITRs

    NEW DELHI: The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income…

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  • Apr192018

    How income tax department can penalise you for under-reporting, misreporting income

    Under-reporting income or inflating deductions/exemptions in income tax return can attract heavy penalties ranging from 50% to 200% of tax…

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  • Apr062018

    New ITR forms notified; salary breakup, GST ID to be furnished

    The new Income Tax Return (ITR) forms for the assessment year 2018-19 were notified today by the Central Board of Direct Taxes that mandated salaried…

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