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Showing posts from December, 2022

Former Revenue Secretary Tarun Bajaj pitches for tax on agri income

Follow us on -  LinkedIn  - https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/     People have also filed about 500,000 updated returns, Bajaj, who superannuated last month, said. Former Revenue Secretary Tarun Bajaj on Thursday made a case for taxation of agricultural income and suggested that people above the income tax threshold must pay tax, irrespective of their income source. “It is a good thought… If I make more money than the threshold, I should pay tax,” said Bajaj at a CII conference, but added this is his personal view. At present, agricultural income is exempt from tax under the Income Tax Act. The topic is also seen to be highly politically sensitive as it would impact farmers. Meanwhile, addressing the session on “Mobilising Higher Tax Revenues for Financing India’s Development”, Ba...

GST tribunal will be set up in Haryana, expected to start by March 2023: CM

Follow us on -  LinkedIn  - https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/     Manohar Lal Khattar also called for promoting voluntary registration for GST and said that three lawyers who get the maximum number of registrations in a year would be felicitated. Haryana Chief Minister Manohar Lal Khattar said Wednesday that for the convenience of taxpayers and lawyers, a GST tribunal will be set up in the state, which is expected to start by March 2023. “For this a recommendation has been made to the GST Council.” The Chief Minister further announced that two joint ETC range appeal offices would be opened at Hisar and Gurgaon to resolve GST related problems. In an event in Gurgaon, Manohar Lal Khattar said that ‘GST Aamne Samne’ forum will be started at the divisional level, providing a common p...