Taxpayers Corner Articles

GSTR-3B Filing: New Robust Process for Taxpayers

Posted by CA Umesh Sharma 06 March 2021 6677 Views

Discover how GSTR-3B filing is becoming more robust with GSTR-2B for ITC reconciliation and GSTR-1 data for tax liability. Learn about the changes and implications for taxpayers.

Extended SFT Reporting: What Taxpayers Need to Know

Posted by CA Umesh Sharma 21 February 2021 1978 Views

Discover the extended Scope of Transaction Reporting (SFT) for taxpayers. Learn about mandatory reporting thresholds and key transactions to ensure compliance.

Taxpayer Independence: Rights & Responsibilities

Posted by CA Umesh Sharma 14 February 2021 1611 Views

Discover your rights as a taxpayer under the new charter, including faceless assessments and fair treatment. Learn your responsibilities for honest compliance.

GST Notices: Large Taxpayers Quarantined Over Turnover Discrepancies

Posted by CA Umesh Sharma 06 February 2021 7762 Views

Received a GST notice about turnover over Rs. 5 Cr? Understand the implications and how to resolve discrepancies for large taxpayers. Act now!

Raksha Bandhan Tax Relief: GST & Income Tax Updates

Posted by CA Umesh Sharma 30 January 2021 4930 Views

Discover the Raksha Bandhan 'gifts' from GST and Income Tax departments, including extended deadlines and fee waivers for taxpayers.

Avoid 5 Tax Filing Errors: Don't Make These Mistakes!

Posted by Kartik Jain 24 January 2021 3966 Views

Discover 5 common, innocent mistakes people make when filing income tax returns. Learn how to avoid costly penalties and tax notices. File correctly!

Tax Due Date Extensions: A Duckworth Lewis Situation

Posted by CA Umesh Sharma 06 January 2021 21507 Views

Tax deadlines extended but with very short notice. Discover how this impacts Income Tax & GST filings and what taxpayers can do.

File Tax Returns by 31st Dec to Avoid Late Fees

Posted by CA Umesh Sharma 08 December 2020 10231 Views

Avoid GST and Income Tax late fees! Discover crucial deadlines and compliances for 31st December 2020, including GSTR 9, 9C, and Tax Audit Reports.

COVID-19 Economic Impact: Your Plan B with HUF

Posted by CA Unnamalai L 03 December 2020 2683 Views

Explore how Hindu Undivided Families (HUF) can serve as a Plan B for economic stability post-COVID-19, offering wealth creation and entrepreneurial opportunities.

EPF Withdrawal for COVID-19: Limits & Tax Info

Posted by CA Unnamalai L 29 November 2020 1760 Views

Considering EPF withdrawal due to COVID-19? Learn withdrawal limits, tax implications, and the impact on your retirement savings. Make an informed decision.