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Finance - One of the strata of business which can give you a substantial level of profit is no other than the cash trade. In this sort of business, what you have to get associated with is cash and budgetary exchange....
Read MoreGoods and Services Tax - The GST Act fixed due date of filing Form GSTR-1 is on 10th of Succeeding month under sub section 1 of Section 37. Form GSTR-1 is prescribed to furnish the details of outward supplies of goods or services or both effected during a tax period....
Read MoreGoods and Services Tax - Read the below article to known every thing about GSTR-9 in simple language. All the registered taxable persons under GST as regular taxpayers filing GSTR 1, GSTR 2, GSTR 3 except Casual Taxable Person, Input service distributors, Non-resident taxable persons, Person paying TDS under section 51 of GST Act are required to file GSTR-9. O...
Read MoreIncome Tax - SECTION 22 – CHARGING SECTION ♣ Annual Value of Property consisting of any buildings or land appurtenant there to. Tax under this head is not levied on the rent of the property but it is on the capacity of a property to earn income, Hence the words used in the charging Section is “Annual Value”. […]...
Read MoreCompany Law - Probable effects of the Companies (Amendment) Ordinance, 2018 related to Register of Charges, Registration of Charges Creation, Modification etc....
Read MoreCA, CS, CMA - We are pleased to inform that the Draft Bank Branch Auditors Panel of Chartered Accountants/firms for the year 2017-18 has been prepared alongwith the category of the applicants. The Draft Panel contains the following:...
Read MoreCorporate Law - There are some media reports that this Maternity Leave Incentive Scheme has been approved/notified. However, it is clarified that Ministry of Labour & Employment is in the process of obtaining necessary budgetary grant and approvals of Competent Authorities. ...
Read MoreCA, CS, CMA - CENTRAL BANK OF INDIA, CENTRAL AUDIT & INSPECTION DEPT. CENTRAL OFFICE, MUMBAI GUIDELINES FOR SUBMITTING ONLINE APPLICATION FOR CONCURRENT AUDIT ASSIGNMENT IN CENTRAL BANK OF INDIA FOR THE YEAR 2019 (Jan-Dec) Last Date for filing Online Applications: 26.11.2018. PLEASE KEEP FOLLOWING INFORMATION READY: 1. BRANCH CODE OF CENTRAL BANK O...
Read MoreGoods and Services Tax - Before GST, Annual Turnover of the Pharma Sector (as on 31.05.2017) was Rs 1,14,231 crores while after GST, the Annual Turnover of Pharma sector (as on 31.05.2018) touched Rs 1,31,312 crores, which is 6% higher than the Pre-GST regime....
Read MoreCorporate Law - As we are in the 2nd year of the implementation of RERA, I am happy to note all the States/UTs have notified Rules under RERA except for 6 North Eastern States and the state of West Bengal...
Read MoreDeepak B. Shah Vs ACIT Mumbai (ITAT Mumbai) - Deepak B. Shah Vs ACIT Mumbai (ITAT Mumbai) In the present case the Income Tax Department sought to tax fund lying in a Swiss bank account as “Unaccounted Income” in the hands of two residents of Mumbai. The appellants maintained account in Swiss Bank stated that they had no contribution in the ...
Read MoreKashi Bartan Bhandar Vs State of UP (Allahabad High Court) - Kashi Bartan Bhandar Vs State of UP (Allahabad High Court) The notice under the CGST Act is required to be served in accordance with the provisions of Section 169 of the Act which provides that it can be served by giving or tendering it directly or by messenger to the person concerned or to a [&he...
Read MoreM/s Indus Projects Limited Vs UOI (Gujarat High Court) - M/s Indus Projects Limited Vs UOI (Gujarat High Court) 1. Petitioner has to pay GST dues of Rs.3.85 crores (rounded off), for which, due to its financial difficulties, the petitioner has applied to the authority for installments. Such request came to be turned down by the impugned order dated 30.0...
Read MoreSanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) - Sanskriti Jayantilal Salia Vs. State of Maharashtra (Bombay High Court) When mens rea is conspicuously absent, mere use of any forged or counterfeit currency notes or bank notes cannot attract the provisions of Section 489(B). The essential ingredient of the said offence being that the person, who r...
Read MorePublic information officer Vs V. Chaudhary (Delhi High Court) - Public information officer Vs V. Chaudhary (Delhi High Court) In terms of the RTI Act, all information as available with the public authority is required to be provided to the citizen unless it is exempt from disclosure under Section 8 of the RTI Act or otherwise pertains to the organizations that a...
Read MorePublic Notice No. 47/2015-20 - (16/11/2018) - Import validity period of the EPCG Authorisations which have been issued prior to the date of issuance of this Public Notice and whose validity has not expired on the date of issuance of this Public Notice shall also be extended to 24 months from the date of the issuance of the Authorisation. ...
Read MoreD.O.No.21/CH(IC)/2018 - (16/11/2018) - CBIC has put up a GST & Customs Pavilion in IITF, which has six Helpdesks relating to GST, GSTN and Customs to guide and assist taxpayers. General information has been displayed through interesting info-graphics in the Pavilion....
Read MoreNotification No. 55/2018-Customs (ADD) - (15/11/2018) - Seeks to extension of existing anti-dumping on O-Acid originating in or exported from China PR and imposed vide notification No. 6/2018-Customs (ADD) dated 12th March, 2018 to imports originating and exported from China PR of O-Ester....
Read MorePublic Notice No. 46/2015-2020-DGFT - (15/11/2018) - The existing Stock and Sale policy has been amended to allow re-transfer / re-export of SCOMET items within the country of the stockist and to the end users in other specified countries approved by IMWG, on post reporting basis....
Read MorePublic Notices No. 45/(2015-2020) - (15/11/2018) - The period for installation and operationalisation of Radiation Portal Monitors and Container Scanner in the designated ports is extended up to 31.03.2019....
Read MoreYour spouse not only helps you in meeting your social and personal but also helps you in saving income tax as well. There are certain tax benefits by way of which you can enha...
Read MoreCPC for electronic tax returns in Bangalore and CPC (Vaishali in Ghaziabad) for tax deducted at source (TDS) are working as the right hands of Government for detecting cases o...
Read MoreTax Planning is most important part of Finance Planning for Tax Payers In India especially for Individual and Salaried tax Payers. In this Article we are discussing some Tax P...
Read More1) Whether capitalization of interest payable attracts TDS U/S 194A? Whether conversion of out standing interest on loan into loan attracts TDS? Difference between Form-15G an...
Read MoreSection 80C of Income Tax Act, 1961 allows you deduction upto Rs. 1.50 lakhs in respect of certain items of investments and expenses. These deductions are subject to som...
Read MoreEligibility - Individuals who are residents of India are eligible to open an account under the Public Provident Fund scheme. A PPF account may be opened under the name of a m...
Read MoreSimple Automatic GST Late Fees Calculator in Excel Format for easy calculation of Late Fees Payable for late filing of Form GSTR 3B which calculates late fees under both CGS...
Read MoreThis Calculator calculates House Rent Allowance which is exempt from tax U/s. 10(13) of The Income Tax Act, 1961. The calculator is in excel format and it calculates the allow...
Read MoreIn order to file your income tax return you first need to collect all the information required to file it. The next important step is to compute your total taxable income. Aft...
Read MoreTax Deducted at Source (TDS) is one of the modes of collecting income tax in India at the very source of income, governed under Indian Income Tax Act of 1961. ...
Read MoreTDS & Tax Provisions for F.Y.2018-19 TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at ...
Read MoreArticle discusses Income Tax Penalties for Failure to deduct TDS / TCS in full and part, Quoting false TAN in challan/ statements, Failure to apply for TAN, Failure to furnis...
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