# tax compliance
16 posts in `tax compliance` tag
Important Tax Compliance Dates November 2023 Complete List Income Tax Department
The Income Tax Department in India has a tax calendar that lists important dates for taxes. This includes when to file tax returns, pay taxes in advance, and deduct taxes from income. If you miss these dates, you might have to pay extra fees.
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By Krishna
Statutory & Tax Compliance Calendar October 2023
These responsibilities have specific deadlines set by government authorities, and it's crucial to meet them on time. To help you keep track of these important dates in October 2023, we've created a Statutory Compliance Calendar.
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By Krishna
Over 3 Million Audit Reports Income Tax Website
The e-filing portal efficiently managed the influx of users, ensuring a smooth experience for taxpayers and tax professionals as they submitted their audit reports.
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By Krishna
GST Portal New Feature Electronic Credit Reversal Reclaimed Statement
In the Closing Balance part of the statement, you'll see how much of the ITC Reversal balance is left and can still be used in form GSTR-3B.
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By Krishna
CBIC Advisory GST Provisional Attachment Section 83(2)
This communication will also reference Section 83(2) of the CGST Act, 2017, and state that the property or account in question is being released or restored in accordance with these provisions.
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By Krishna
Income Tax Dept Online Challan Correction Feature Launched
The Income Tax Department has added a user-friendly tool to the Income Tax Return (ITR) portal. This will be focused on easing the process of paying income tax payments and fixing any mistakes in the payment process.
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By Krishna
Rectify Mistakes Omissions Income Tax Return Updated Return
If you missed the deadline to file your ITR for the financial year 2022-23, which was July 31, 2023, you can file a belated return. However, there are some important points to keep in mind.
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By Krishna
Tax Compliance Calendar – September 2023
Here is the comprehensive Income Tax compliance calendar for September 2023. Be sure to keep these due dates in mind to prevent any unnecessary penalties.
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By Krishna
Managing Late Filing Penalties: Paying While Filing Belated Tax Returns
Keep in mind that when filing late, there is a penalty as per Section 234F of the Income Tax Act, 1961. Additionally, you won't be able to carry forward losses from different sources of income, except for losses from house property, when submitting a belated ITR.
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By Krishna
Tax Compliance Calendar for August 2023: Important Dates and Deadlines
Following tax-related compliances is mandatory for taxpayers in India. This includes meeting the due dates for GST return filing as per the government's compliance calendar. Non-compliance may result in heavy penalties imposed by the government.
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By Krishna
Income Tax Department Conducts Verification of Reporting Entities: Insights and Implications
The obtained information is then presented to taxpayers in the form of the Annual Information Statement (AIS) through their e-filing accounts. This significant measure aims to simplify the process of accurately filing income tax returns for individuals.
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By Krishna
Income Tax Compliance Calendar: July 2023 Deadlines and Important Dates
Here is the comprehensive income tax compliance schedule for July 2023. It is crucial to keep track of the deadlines to prevent incurring avoidable penalties. The deadline for filing Income Tax Returns (ITR) without any fines is July 31st, 2023.
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By Krishna
CBDT Extends Deadline: Additional 2 Months for Filing Form 26Q, 27Q, & 27EQ
The CBDT has extended the deadline for filing specific TDS/TCS statements to September 30, 2023. In accordance with the authority granted under Section 119 of the Income Tax Act, 1961, the board has granted a waiver for fulfilling the following compliance requirements.
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By Krishna
Extension of Time Limits of Certain Compliance to Provide Relief to Taxpayers
It has been determined to offer income-tax exemption to ex-gratia payments in order to alleviate the burden on the taxpayer's family members.
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By Krishna
Tax Compliance and Statutory due dates for November 2022
TDS Certificate; Tax Compliance and Statutory Due Dates for November 2022. November 14, 2022. Date by which TDS Certificates for taxes owed under...
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By Krishna
Compliance Calendar for the Month of October, 2022
Observance requirements under the 1961 Income Tax Act. Statement for the period ending September 30, 2022, of TCS deposits.
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By Krishna