# tax
12 posts in `tax` tag
Exploring Options: Filing IT Returns After the December 31 Deadline at APNOKACA
Taxpayers have several opportunities to complete their Income Tax Returns. The deadline for filing Income Tax Returns (ITR) for the financial year 2022-23 was December 31.
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By Krishna
Influence of GST on India Budget Distribution: Insights from APNOKACA
In December 2023, GST collections increased by 10%, reaching around Rs 1.64 lakh crore compared to Rs 1.49 lakh crore in the same month in 2022, as reported by the finance ministry.
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By Krishna
Government Clarification Awaited: GST Implications for Online Gaming
GST authorities have issued show cause notices totaling over ₹ 1.12 lakh crore to online gaming companies for alleged tax evasion. Sitharaman clarified on December 19 that the valuation rules excluding winnings would be applied prospectively.
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By Krishna
Income Tax Department Exposes Rs 1000 Crore Unreported Cash Sales at Polycab APNOKACA
In an official ministry statement it was confirmed through the search operation that Polycab India engaged in unaccounted cash sales totaling around Rs 1000 crore.
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By Krishna
Interim Budget 2024 No changes Income Tax Rebate APNOKACA report
Additionally, the basic exemption limit was raised from Rs 2.5 lakh to Rs 3 lakh. A deduction of Rs 15,000 for a family pension was introduced.
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By Krishna
2024 Tax Regime Transition Guide: Navigating New vs Traditional Income Tax Returns | APNOKACA
In the 2023 Budget, FM Nirmala Sitharaman introduced several changes in the New Tax Regime.
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By Krishna
Major Development GST Authorities Release Demand Notices Amounting 1.45 Lakh Crore
This surge in notices is attributed to the deadline for issuing notices for the 2017-18 period, which was December 31, 2023.
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By Krishna
Key Income Tax Rule Changes Unveiled by Finance Minister Nirmala Sitharaman in the 2024 Budget
Explore six noteworthy income tax updates, including changes to the tax regime and rebates, highlighted by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget 2023.
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By Krishna
Tax Calendar 2024: Key Deadlines for Income Taxes in January, February, and March
You need to report the income earned between April 1, 2023, and March 31, 2024, during the fiscal year 2023–24. The filing of returns and declaration of investments for tax assessment occurs in the Assessment Year (AY), the reviewing year for FY 2023–2024.
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By Krishna
Tax Compliance Calendar for January 2024
To empower you with a smooth start to the year, we present your comprehensive Tax Compliance Calendar for January 2024.
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By Krishna
Challenges in Taxation: The Surge in GST Notices for Numerous Companies
On New Year's Day, Life Insurance Corporation of India (LIC) received a demand notice of approximately Rs 806 crore for an alleged shortfall in Goods and Services Tax (GST) payment for the fiscal year 2017-18.
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By Krishna
LIC Receives GST Demand Notice Rs 806 Crore Plans to Appeal the Order
Life Insurance Corporation of India (LIC) has disclosed that it recently received a notice for GST payment, along with interest and penalty, totaling Rs 806 crore.
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By Krishna