assessees in A Sentence

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    However, this is 80% of the existing Assessees.

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    However, this is 80 per cent of the existing Assessees.

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    Give minimum 15 days advance intimation before undertaking the audit of Assessees' records.

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    Over this threshold, Assessees would be divided equally between the Centre and states.

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    But, these Assessees will have to exercise this option at the beginning of the year.

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    GSTN shall migrate all such Assessees/dealers to the GSTN network and shall issue GSTIN number and password.

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    This deduction is allowed to all Assessees except those who have income(or loss) from business and profession.

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    For Assessees whose books of accounts are required to be audited, the due date to file ITR is 30 September.

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    Till now, over 6.9 million excise, value added tax(VAT) and service tax Assessees have been migrated to the GSTN Portal.

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    All existing Assessees or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.

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    All existing Assessees or taxpayers or persons who are required to furnish a return of income, either on behalf of self or others, must obtain PAN.

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    He said that after the first phase of'Operation Clean Money', it was found that some Assessees did not report about all their bank accounts to the taxman.

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    Also, existing excise, service tax and VAT Assessees will get another chance to migrate to the GSTN portal as registration for them too opens on Sunday next and will remain open for three months.

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    To reduce the tax burden and to provide relief from tedious work to small tax Assessees, the government of India has incorporated a scheme of presumptive taxation. Businesses adopting the presumptive taxation scheme are not required to maintain regular books of account. They can declare the income at a prescribed rate.

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