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Category Archives: TAX NEWS

Due date of filling of income tax return extended

New Delhi: In view of the difficulties faced by taxpayers, date for filing of Income Tax Returns for FY 2016-17 has been extended to 5th August, 2017. The official twitter handle  twitted this after various request and user. In view of the difficulties faced by taxpayers,

Budget 2017 key and major highlights

Major Highlights of Union Budget 2017: Download India Budget 2017 Key Highlights  1. Total Budget of ? 21.47 Lakhs crores for 2017-2018. 2. Increase in Direct Tax collection by 34% after demonetisation. 3. Holding period for LTCG for Land & Building reduced to 2 years.

Due Date of Service Tax Return Extend

NEW Delhi: 25/04/2016 After  the difficulties faced by service tax payers. Ministry of finance finally announced the extension of due date return for the period of Oct 2015- March 2016 from 25/04/2016 to 29/04/2016. The announcement was made through tweet by the ministry:-

SERVICE TAX-ACES SERVER DOWN

New Delhi: The last date of filing of Service Tax return for half year ended oct 2015 to dec 2016 is on 25/April/2016. However 3 days before the last date ACES server seems to crashing down. This seems due to heavy traffic on the server.