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Hasmukh Adhia News

1 Crore New Income Tax Return Filers Added In 2017-18

In the year 2017-18, nearly one crore new tax filers joined the system. The income tax dept reported a 26% surge in income tax returns filed for the year with filing of 6.8 crore ITRs as against 5.4 crores in the ...

Rental Income From Commercial Enterprise Over Rs. 20 Lakhs Per Year Shall Attract GST

Though rental income from residential property has been excluded from the GST net, nonetheless any income earned over Rs. 20 lakhs in a year by renting or leasing an establishment for commercial reasons shall attract GST. Revenue Secretary Hasmukh Adhia said ...