Empowering tax payers to remain ahead with compliance in field of taxation in India

myIndiaTaxes App currently offers

• Tax Calculator for Income Tax in India
• Instant update of GST filing dashboard

This app will be updated from time to time which would provide additional tools to assist tax payer remain complaint with various statutory requirements.

How The App Works

MyIndiataxes App – once downloaded, Tax payer is required to enter mobile number and he receives OTP to activate the App.

Tax Calculator for AY 20-21 and 21-22 may be used covering income from,

a. Salary
b. House Property
c. Capital Gains
d. Business
e. Other Sources

The App further provides entry of payments and investments made which qualify deduction under chapter VI-A where-in eligible deductions are computed and reduce Income from various chapters to arrive at Taxable Income.

The App further provides facility to enter details of advance tax paid along with self-assessment taxes from where interests u/s 234B and 234C are computed.

App also provides user to enter date of filing of return, thereby computes interest u/s 234A.

GST And INDirect Tax Articles

Income Tax Dept searches leading bullion trader in Tamil Nadu

Income Tax Dept searches leading bullion trader in Tamil Nadu

IndiaTaxes AdminMarch 10, 20212 min read

Ministry of Finance Income Tax Department conducts searches in Tamil Nadu Posted On: 07 MAR 2021 12:52PM by PIB Delhi…

Immunity from Penalty, Prosecution & Interest under Income Tax, 1961

Immunity from Penalty, Prosecution & Interest under Income Tax, 1961

IndiaTaxes AdminMarch 10, 2021

Introduction Chapter XXII (Section 275 to 280) deals with offences and prosecutions under the Income Tax Act, 1961. Section 234…

‘Fasting’ for Stranded Resident Indians & ‘A Half-Baked Cookie’ for NRIs!!

‘Fasting’ for Stranded Resident Indians & ‘A Half-Baked Cookie’ for NRIs!!

IndiaTaxes AdminMarch 10, 2021

1. Stranded Resident Indians The taxability of a person depends upon his/her residential status in that particular financial year in…

Tax on Purchase of Property-Some Points to Keep in Mind while Buying Property

Tax on Purchase of Property-Some Points to Keep in Mind while Buying Property

IndiaTaxes AdminMarch 10, 2021

Buying property is dream come true for buyers. Every person wants to earn and purchase property which he or she…

CBDT notifies procedure for exercising option u/s 245M of I-T Act

Date – 24 May 2021 GOVERNMENT OF INDIAMINISTRY OF FINANCECENTRAL BOARD OF DIRECT TAXDIRECTORATE OF INCOME TAX (SYSTEMS)NEW DELHI [DGIT(S)-ADG(S)-3/e-Filing Notification/Form34BB/2021] NOTIFICATION NO 05/2021; Dated: May 24, 2021 Procedure for exercise of option under sub-section (1) of section 245M and intimation thereof by furnishing and upload of Form No. 34BB under sub-rule (1)of Rule 44DA of Income-tax Rules, 1962 In exercise of the powers conferred by the Department of Revenue, Ministry of Finance, under sub-rule (3) and sub-rule (4) of Rule 44DA of the Income-tax Rules, 1962 (‘the Rules’), the Director General of Income Tax (Systems) hereby specify the following…

CBDT amends I-T Rules; new form for payee-wise breakup of TDS

Date – 08 Jun 2021 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNEW DELHI [F. No. 370142/19/2021-TPL] NOTIFICATION NO 71/2021, Dated: June 08, 2021 G.S.R. 395(E).- In exercise of the powers conferred by sections 194, 194A, 194Q, 196D, 206AB and 206CCA read with section 295 of the Income-tax Act, 1961, (43 of 1961) the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. Short title and commencement. — (1) These rules may…

CBDT notifies Interim Action Plan for FY 2021-22

Date – 10 Jun 2021 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESNEW DELHI [F.No.380/02/2021-IT(B) NOTIFICATION Dated: June 10, 2021 To,All Pr. Chief CommissionersPr. Director generals of Income tax Subject: Interim Action Plan for the F.Y. 2021-22. I am directed to forward herewith the interim Action Plain for F.Y.2021-22, You are requested to kindly circulate the same amongst all the officers in your region / charge for necessary action. (Arvind Kumar Mishra)US(IT-Budget), CBDT INTERIM ACTION PLAN FOR FINANCIAL YEAR 2021-22 Apart from…

Seeks to amend notification No. 06/2019- Central Tax (Rate) so as to give effect to the recommendations made by GST Council in its 43rd meeting held on 28.05.2021.

Date – 02 Jun 2021 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF INDIRECT TAXES AND CUSTOMSNEW DELHI [F. No. 354/53/2021-TRU] NOTIFICATION NO 03/2021-Central Tax (Rate); Dated: June 02, 2021 G.S.R. 380(E).- In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the…

Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by GST Council in its 43rd meeting held on 28.05.2021

Date – 02 Jun 2021 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF INDIRECT TAXES AND CUSTOMSNEW DELHI [F. No. 354/53/2021-TRU] NOTIFICATION NO 02/2021-Central Tax (Rate); Dated: June 02, 2021 G.S.R. 377(E).- In exercise of the powers conferred by sub-section (1), sub-section (3) and sub-section (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15, sub-section (1) of section 16 and section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it…

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