Congrats all. With us highlighting all the issues the Govt has extended income tax deadline to Dec 31st. Thanks Vishal Khanna Amit Mishra Sudesh Rai and many other members in the circle for constantly raising issues of importance to masses and small business. Attached notification more
I have also submitted my return on the 10th of August, 2021 without any difficulty and e-verified it. The return has since been assessed and verified by the Income Tax Deptt. and the relative intimation has since been received by me. I think some improvements have since been made & it is now working satisfactorily. For example, on the day I submitted the Return, I was unable to get a copy of the submitted Return despite my best efforts and lodged a complaint with the Income Tax Department through e-mail. After 15 days or so of submission of the Return, I could easily download and print the submitted return. more
Horrible so called system. No need to fix something is already working. Why did the government rake this up, when the old portal was working absolutely okay? Have other areas needing fixing, been fixed, such as another basic infrastructural requirement, with schooling being delivered to the economically weak? Or maybe education remains the government's inherited legacy now abandoned! Government wanted to change whatever was inherited from the previous regime, just entirely for political reasons, and see what the result is! A highly educated Dr.Manmohan Singh instated a resilient, progressive tax collection system that was efficiently yielding revenue. In one fell swoop, Mr.Modi autocratically, has had that totally shut. Last years refunds still to be received. Government definitely benefiting there! Only common, honest person inconvenienced. Educated leadership, especially the rule makers, is what this country needs. more
The extension of time for filling of returns has no logic. Most of the people will file their return only at the fag end of the time limit. But many employers are not providing Form 16 and 16a in time. Income Tax payers should submit their return as early as possible, if the data is available. I have already submitted my return in the first week of August'2021 and it has been assessed and intimation has been received. more
e verification is another headache. In spite of 3 attempts, one being in the office of UIDAI, my wife's mobile number could not be added to Aadhar due to some issue with UIDAI. In its absence, the e verification could not be done using Aadhar. And there is some issue with the new and "improved" IT website due to which it cannot be done using net banking, something we were doing for so many years. A grievance raised with IT department for this got a response - "Please wait for some time". And if you send the acknowledgement to Bangaluru it can be done through India Post only and it invariably gets lost. Pathetic condition. more
Reason for extension of deadline - Issues in IT portal. The govt will now lose revenue (and interest on the revenue) , since many will file their taxes only near the deadline. Will Infosys compensate for the loss? more
If India abolishes taxes: (1) People would get money in hand to buy critical things like Air Purifiers (2) More foreign businesses would come. And, make India their base (this wil...
After Aadhaar, now it is ANOTHER 12-digit unique ID for school kids called APAAR ID which the Education Ministry has launched! Parents are being asked to give “consent” so that their ch...
The Indian rupee has lost approximately 42% of its value since 2014. In ten years, the value of your ₹100 has become roughly ₹58. ⚠️ - Are you analysing what's going on with your sa...
INR continues to fall because: there is less demand of INR in the international market (in context of USD/AED). you need to know this fact:- Every time INR depreciates by 4%...
Exchange Rate of INR(₹) Against USD($) • November 2004 - ₹45.03 • November 2014 - ₹61.01 • November 2024 - ₹84.07 Value of ₹1 Crore is Not The Same An...
Some weeks back this circle was discussing China And doing polls on much Chinese Indians were buying China will eat India's manufacturing business in a blip and we won't be able to do a ...
Foreign Tourists in 10 Months of 2024. Thailand: 29.08 Million Vietnam: 14.1 Million India: 4.7 Million (till July) This is one of the major sector for employment a...