#GST Interest Auto-populate starts from Today 27.01.2022

The new functionality of interest calculator in GSTR-3B is now live on the GST Poral.

This functionality will facilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the taxpayers, along with the details about the period to which it pertains. Read more

Gujarat High Court Comes To Secure Tax Payers Against #CBDT IT Glitches Filing Tax #Audit & #ITR

A writ application has been filed by the Gujarat Income Tax Bar Association, Surat seeking relief of Tax Audit due date extension, Non Levy of interest u/s 234A, allowing filing of Tax Audit Report and Income Tax ReturnĀ  in physical form.

As per the Central Board of Direct Taxes [CBDT]

Physical filing is not possible as Computer Assisted Scrutiny Selection would fail if the ITR and TAR are allowed to file Physically and this would be a disaster. Read more