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

I-T Dept searches leading Tiles business group of South India

I-T Dept searches leading Tiles business group of South India

IndiaTaxes AdminMarch 10, 20212 min read

Ministry of Finance Income Tax Department conducts searches in Tamil Nadu Posted On: 28 FEB 2021 The Income Tax Department…

Income Tax Dept searches leading bullion trader in Tamil Nadu

Income Tax Dept searches leading bullion trader in Tamil Nadu

IndiaTaxes AdminMarch 10, 2021

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…

Updates under Goods and Services Tax Laws issued vide Notifications issued dated 01/05/2021

Sr No Notification No and notification details Our analysis and comments 1 14/2021 CGST(i) where, any time limit for completion or compliance of any action, by anyauthority or by any person, has been specified in, or prescribed or notified underthe said Act, which falls during the period from the 15th day of April, 2021 to the30th day of May, 2021, and where completion or compliance of such action hasnot been made within such time, then, the time limit for completion or complianceof such action, shall be extended upto the 31st day of May, 2021, including for thepurposes of.(a) completion of…

Bi-weekly Academic Interaction with Students – SBEC

Webinar on “Procedural Issues in GST – GST ITC, GSTR 2A/2B, HSN/SAC Code, E-Invoicing, QRMP etc. on Thursday, 22nd April 2021 from 10.30 am to 01.30 pm”

Extension of timelines

Organizing ICITSS & AICITSS Classes in virtual/physical mode at the Branch Level/Regional Level for all eligible students – (01-04-2021)

Latest Stories

Don’t miss our hot and upcoming stories

Purchase and Sales Return Under GST

The Purchase & sales returns are common in day-to-day business transactions. This concept is treated…

ByByIndiaTaxes AdminMarch 10, 2021

E- Invoices for turnover exceeding Rs 50 Crores w.e.f. 01.04.2021

Sub-rule (4), (5) and (6) were inserted in Rule 48 (Manner of issuing Invoice) of…

ByByIndiaTaxes AdminMarch 10, 2021

Income Tax raids Film Actress, production & Talent Management companies

Ministry of Finance Income Tax Department conducts searches in Mumbai, Maharashtra Posted On: 04 MAR…

ByByIndiaTaxes AdminMarch 10, 2021

Income Tax searches at 2 civil contractors groups of Tamil Nadu

Ministry of Finance Income Tax Department conducts searches in Tamil Nadu Posted On: 04 MAR…

ByByIndiaTaxes AdminMarch 10, 2021