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Showing posts with the label income tax

GST Profiteering- Is National Anti-Profiteering Authority an eye-wash or dedicated efforts

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GST Profiteering- Is National Anti-Profiteering Authority an eye-wash or dedicated efforts Couple of articles on the subject have been posted in this blog. One such article of relevance was written on 25th May 2018 with title as: National Anti-Profiteering Authority- Is it really effective in handling complaints of profiteering https://skvirmani-jagograhak.blogspot.com/2018/05/national-anti-profiteering-authority-is.html There have been number of posts alleging profiteering by the industry post implementation of GST. I had also initially brought out a case where the restaurant had adopted to profiteering on the pretext of GST whereas the GST should have reduced the prices by around 10%. on the contrary, the restaurant had increased the prices by about 40 to 50% just immediately after GST. The reason of increase in prices just next day of GST implementation was cited as GST. No action has been taken by the National Anti-Profiteering Authority.   It is also a fact that th...

Kahin aap ko aisa message toh nahin mila aur kahin aapne esko response toh nahin kiya???

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Kahin aap ko aisa message toh nahin mila aur kahin aapne esko response toh nahin kiya??? The following message have started appearing in the inbox of your mail. Since Income Tax department does not have policy of sending such messages, I have my own reasons to believe that such messages are with fraudlent intention and need not be responded. It could hack your mail box, computer data or even your confidential details. Such messages need Please report such messages as "spam" " Dear   Valued Taxpayer, We have reviewed your tax fiscal payment for previous years and have resolved that you are qualified for the end of year refund settlement of the sum of 36,120.25 INR which is your accumulated tax excesses. Please submit a tax refund request and allow us to process it within 7(seven) working days.   To submit a request CLICK HERE   We appreciate taking the time to learn about our tax refund. It's one more way Income tax department can make your tax payment exper...