Jagadish T G & Associates

  How to e-Pay Income Tax Online? Here's a step-by-step guide on how to make tax payment on the Income Tax Portal  without logging in: Step 1: Navigating to 'e-Pay Tax' Section Visit the Income Tax Portal On the homepage, locate the 'Quick Links' section on the left side.  Click on the 'e-Pay Tax' option or use the search bar to find 'e-Pay Tax'. Step 2: Enter PAN/TAN and Mobile Number Enter your  PAN  and re-enter to confirm it.  Provide your  mobile number  and click 'Continue'.     Enter the  6-digit OTP  received on your mobile number and click 'Continue'.   Step 3: Select the correct Assessment Year and Payment Type Select the first box labelled as  ‘Income Tax’  and click  ‘Proceed’     From the ‘ Assessment Year ’ dropdown, select ‘ 2024-25 ’ Under the ‘ Type of Payment ’, select ‘ Self-Assessment Tax (300) ’ and click on ' Continue '. Step 4: Enter Tax Payment Details  Enter the payment amounts accurately under the rel

  5% GST on EVs should continue for at least 8-10 years: Mercedes-Benz India CEO Mercedes-Benz India on Tuesday said that the taxation on electric or environment-friendly vehicles should continue with lesser tariff, like the five per cent GST for the next eight-10 years, so that companies like them can do better planning for next generation mobility. “When it comes to electrification, we are aware that the taxation is outside of the Budget scope, but a clear statement of intent that the five per cent GST and these taxes will continue for the next 8 to 10 years, so brands like us and others can all make long-term EV plans because one thing is clear, the customer is not ready to pay a significant premium yet for an EV,” the Managing Director and Chief Executive Officer, Mercedes-Benz India, told businessline, when asked about expectations from the upcoming Union Budget. He said big targets and long-term plans can only be achieved if the taxation continues as it is, so that companies can

  Filing income tax returns with false claims may land  assessee’s in jail, say officials The Income Tax (I-T) Department officials have cautioned against filing the I-T returns with false claims seeking exemptions and deductions, saying that it may land the assesses in jail, besides attracting a huge penalty. The I-T Department officials, in association with the South Central Railway (SCR), organised an ‘Outreach Awareness Programme’ for the employees here on July 2 (Tuesday). Participating in the programme as the chief guest, Vijayawada Divisional Railway Manager (DRM) Narendra A. Patil said many employees were filing their I-T returns through middlemen or chartered accountants by submitting all details to them. “If the middlemen misguide us and file returns with false claims, you (the assessee) will land in trouble,” he said. “The I-T Act is very stringent. Some employees are negligent in this regard and they need to be careful. Just spend a couple of hours, read the I-T laws and pr