General
Aug 10, 2022
Sweeping technology-driven changes in tax administration for companies and individuals is unfolding, with services like never before. Voluntary tax compliance has been the buzzword. Use of technology and skilling of the tax professional is the quiet change. System and data-driven tax regime is unfolding the new way of undertaking tax compliance in India.
The four broad themes have been the pillars of silent change that has been brewing with the tax administration. A very scalable platform is now ready and allows for several new services being launched over an extended period. To begin with, a payment system that connects the platform to banks and financial institutions could make transactions easier is already working. Mobile-driven responses to AIS, mobile apps for convenience, use of e-filing and other new services are in the works.
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Recent News
- income Tax
- Implementation of Mandatory Mentioning of HSN Codes in GSTR-1
- Advisory on Sequential Filing of GSTR-1
- Finance Minister Proposed, Common ITR form for all Taxpayers
- Finance Ministry Extends ITR Filing Deadline for Companies
- CBDT Extends Deadline for Filing TDS for Non-Salary Transactions
- Change Your Income Tax Regimes While Filing Revised ITR
- Finance Ministry say, "Taxpayers check AIS quarterly & report discrepancies"