CBDT extends due date of Filing Tax Audit Reports and ITRs in Jammu & Kashmir and Ladakh [Read Order]

The Central Board of Direct Taxes ( CBDT ) has extended the due date of filing Tax Audit Reports and Income Tax Returns in Jammu & Kashmir and Ladakh to January 31st 2020. The CBDT...

Analysis of CBIC Notifications issued in respect of Jammu & Kashmir detailing the Migration Plan from Erstwhile State of J & K to UTs of J & K and Ladakh

As per Jammu and Kashmir Reorganisation Act, 2019, the State of J & K has been divided between Union Territories, namely, UT of J & K and UT of Ladakh. The appointed date for the...

Income Tax Department hits at Terror Financing activities in J&K Region

The head of a prominent organization allegedly indulging in anti-national activities along with his associates were covered in a sensitive search action by the Income Tax Department today. Search action has been conducted at 4...

Jammu & Kashmir Tax Dept extends VAT Settlement Scheme to November

The Finance department of Jammu and Kashmir on Saturday granted a one-month extension to the traders for settlement of unresolved issues under the old VAT regime. According to an order by the department, the new...

J&K Govt to bring Petrol, Electricity & Liquor under GST

Jammu & Kashmir is likely to be the first State to bring petrol, electricity, liquor and real estate under the Goods and Services Tax (GST) regime. The Government may make a formal decision in this...

J & K Govt to abolish Toll Tax under GST regime

After implementing the Goods and Services Tax from 8th July 2017, Jammu and Kashmir is now also planning to abolish toll tax. “It goes against the spirit of GST. Most traders have sought the abolition...

President Promulgates CGST & IGST Ordinances for Jammu & Kashmir [Read Ordinance]

President Pranab Mukherjee, yesterday promulgated two ordinances regarding the introduction of the Goods and Service Tax (GST) in Jammu and Kashmir. By this significant move, the Government completed the roll-out of the indirect tax reform...

Jammu & Kashmir will have to pass Special Laws to make GST Applicable

Jammu & Kashmir will have to pass special laws to be able to implement the Goods and Services Tax as its current Constitutional status does not mandate the applicability of the new indirect tax reform...

CBDT again extends deadline of filing Income Tax return in Jammu & Kashmir to Dec 31st

In an order on 18th October 2016, the Central Board of Direct Taxes has again extended deadline of filing Income Tax return in the state of Jammu & Kashmir to 31st December 2016. The CBDT...

CBDT again extends deadline of filing Income Tax returns in Jammu & Kashmir

In an order issued yesterday, the Central Board of Direct Taxes has again extended deadline of filing Income Tax returns in the state of Jammu & Kashmir to 30th September 2016. The CBDT issued the...