Latest Tax News & Updates

Best Investment Avenues of 2018

Finance - Here is a list of the top 10 investment avenues chosen across holding period and risk category that you can invest in 2018....

Read More

Your Complete Guide to Live The Mumbai Dream

Finance - Situated in the northeast quadrant of Mumbai, Mulund is a picturesque and calm habitat. Today, Mulund is considered one of Mumbai’s most sought-after places for settling down. Mulund is among the well-settled places in the city. There are a plethora of reasons making Mulund your ultimate destination when looking for your next home. ...

Read More

10 Frequently Asked Questions on Practical Issues of GST – II

Goods and Services Tax - GST is applicable if handed over before the issue of occupancy certificate. Reduction of price is one of the conditions for the fulfilment of Anti-profiteering provisions specified in section 171 of the CGST Act. In case if you find that the builder has not passed on the benefit, you can take it up with him or file a complaint for the sam...

Read More

A cashless hospitalisation facility from your mutual fund scheme

Finance - Often financial planners advise individuals to set apart atleast six months of their earnings as an emergency fund in order to meet unforeseen expenses such as sudden hospitalisation, loss of jobs, etc. Such a fund is generally maintained in cash at home or in a savings bank account, which earns an interest of around 3.5%....

Read More

Amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

SEBI - CS Rahul D. Sawale SEBI vide Notification No. SEBI/LAD-NRO/GN/2018/10 dated May 9, 2018 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018. The key amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are as under: Regulation No. Chan...

Read More

Join 4 day Course on GST by M.S.M.E.- Limited Seats

Goods and Services Tax - JOIN 4 day GST CERTIFIED PRACTITIONER course of Ministry of M.S.M.E. at Kolkata, Trichy, Chennai, Coimbatore, Mumbai, Hyderabad, New Delhi and Bangalore in May and June 2018 starting from 26th May 2018. WHAT THE GST CERTIFICATION COURSE AIMS AT? The Course aims to facilitate the Graduating Students, Graduates, Post Graduates, Accountants,...

Read More

E-way bill within state of Punjab to commence from 01.06.2018

Goods and Services Tax - Generate the e-Way Bills from the e-Way Portal on trial basis to get well versed with the system before the implementation of intra-state e-Way Bill w.e.f. 01-06-2018 in Punjab...

Read More

Empanelment of Concurrent Auditors With Canara Bank

CA, CS, CMA - Canara Bank invites applications from the eligible/interested Proprietary Concerns / Firms / LLP for empanelment as Concurrent Auditors for conducting Continuous/Concurrent Audit in the identified 653 branches / units for the period from 01.07.2018 to 30.06.2019....

Read More

Form GSTR 3B due date for April 2018 extended to 22.05.2018

Goods and Services Tax - It has been decided to extend the last date for filing of return in FORM GSTR-3B for the month of April, 2.018 for two days, i.e., till 22nd May, 2018. The notification in this regard shall be published shortly....

Read More

2 new features enabled in GSTN in Form GSTR-2A & GSTR-4A

Goods and Services Tax - Information related to amendments made by supplier taxpayers in B2BA, CDNA, ISD & ISDA sections of their returns, are now available to normal tax payer, in auto drafted Form GSTR-2A. Form GSTR-2A is an auto drafted and read only form, based on data uploaded from the saved/submitted returns by supplier taxpayers....

Read More

Addition cannot be made for mere non-production of Directors and non-furnishing of their residential address

M/s Om Shubham Investment & Finance Pvt. Ltd. Vs. ITO (ITAT Delhi) -  This appeal is filed by assessee against the Order dated 04.5.2016 passed by the Ld. CIT(A)-12, New Delhi relating to Assessment Year 2004-05 on the following grounds:-...

Read More

Depreciation on brand value allowed taking it as an intangible asset

DCIT Vs. Kuantum Papers Ltd. (ITAT Delhi) -  In DCIT, Ghaziabad vs. Kuantum Papers Ltd. (ITAT Delhi) decided on 1.09.2017, Revenue contended that CIT(A) has erred in law and on facts in allowing the depreciation on paper brands, which is a non-depreciable asset because its life is not limited....

Read More

Delhi HC sets out Principles for launching prosecution U/s. 279 for late deposit of TDS

Indo Arya Central Transport Limited Vs. CIT (Delhi High Court) -  Indo Arya Central Transport Limited Vs. CIT (Delhi High Court) M/s Indo Arya Central Transport Limited have filed the present writ petition praying for the following reliefs:- “(a) Issue a writ of certiorari setting aside/quashing the impugned order dated 14.03.2017 passed by the Respondent No...

Read More

S. 148 Notice issued in the name of Company due to clerical mistake which already gets converted into LLP is valid

Skylight Hospitality LLP Vs ACIT (Delhi High Court) -  Sky Light Hospitality LLP, a limited liability partnership, who had on 13.05.2016 taken over and acquired rights and liabilities of M/s Sky Light Hospitality Private Limited upon conversion under the Limited Liability Partnership Act, 2008, has filed the present writ petition impugning notice dated ...

Read More

Penalty leviable if Assessee not Discloses source of Income despite voluntary disclosure

Principal Commissioner Of Income Tax Vs. Smt. Ritu Singal (Delhi High Court) -  Principal CIT Vs. Smt. Ritu Singal (Delhi High Court) In construing Section 271AAA one must not lose sight of its essential purpose which resulted in its enactment. There is a penalty at the rate of 10% of the undisclosed amount declared, if the conditions in Section 271AAA (2) are not met with. Thi...

Read More

Clarification to enable availing 8% GST on Affordable Housing

F.No. 354/52/2018-TRU - (07/05/2018) -  Authenticated document to be relied upon by the developer to charge concessional rate of GST on CLSS housing. Requirement of specific approval/ certificate for residential projects to qualify as `Infrastructure status'...

Read More

Daman and Diu UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 9/2018-Union Territory Tax - (18/05/2018) -  e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Daman and Diu WEF 25th May 2018...

Read More

Dadra and Nagar Haveli UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 8/2018-Union Territory Tax - (18/05/2018) -  e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Dadra and Nagar Haveli WEF 25th May 2018...

Read More

Chandigarh UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 7/2018-Union Territory Tax - (18/05/2018) -  e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Chandigarh WEF 25th May 2018...

Read More

Late fees for GSTR-3B waived if TRAN-1 submitted but not filed

Notification No. 22/2018 – Central Tax - (14/05/2018) -  CBIC waives late fee payable for failure to furnish  FORM GSTR-3B by the due date for each of the months from October, 2017 to April, 2018, for the class of registered persons whose declaration in FORM GST TRAN-1 was submitted but not filed on the common portal on or before the 27th day of December...

Read More

FAQs

GST is applicable if handed over before the issue of occupancy certificate. Reduction of price is one of the conditions for the fulfilment of Anti-profiteering provisions specified in section 171 of the CGST Act. In case if you find that the builder has not passed on the benefit, you can take it up with him or file a complaint for the sam...
Read More
At the time of transition of GST from July we claimed less ITC in the GST Returns but now we came to know that we have to claim more ITC relating prior GST period , the time given by the govt for availing that benefit already over , is there any chance for adjusting that ITC, can govt may extend the period?...
Read More
This FAQ on accounting treatment of increase in liability on account of enhancement of the gratuity ceiling from Rs. 10 lakhs to Rs. 20 Lakhs due to Payment of Gratuity (Amendment) Act 2018 (vide notification no. S.O. 1420 (E) dated March 29, 2018) has been issued by the Accounting Standards Board (ASB) of the Institute of Chartered Accou...
Read More
1. Why do I need to file transition Form GST TRAN - 2? 2. What do I need to fill in the transition Form GST TRAN - 2? 3. What do I need to do to submit the transition Form GST TRAN - 2?...
Read More
In 27th GST council meeting, held on 4th May,2018 it is proposed that there will be 2% GST concession ( 1% each act i.e. CGST & SGST) (where tax rate is 3% or more) on B2C supplies, if payment is made through cheque or digital mode, subject to celling of Rs 100/- per transaction....
Read More

Browse All Categories

CA, CS, CMA (3,692)
Company Law (3,755)
Custom Duty (6,884)
DGFT (3,638)
Excise Duty (4,116)
Fema / RBI (3,424)
Finance (3,640)
Income Tax (26,954)
SEBI (2,857)
Service Tax (3,342)

Income Tax Planning

5 Income Tax Changes affecting Tax planning from 01.04.2018

Tax planning is one of the Key planning in which everyone indulges to get the most out of the benefits available in Income Tax Act. Budget 2018 proposed some key changes in th...

Read More

7 must-do’s before 31st March-A quick checklist

We all are aware that end of the financial year 17-18 is approaching. 31st March, 2018 is an important date to remember for individuals and taxpayers in India as it is the dea...

Read More

Claim Tax Benefit on HRA as well as Tax Deduction on Home Loan

For some people, the tax-planning season has just started. You know that house rent allowance (HRA) and the deduction related to home loan repayment can lower your tax liabili...

Read More

Income Tax Deductions

Save more with Health Insurance

Health insurance is viewed as a significant investment and therefore tax deductions are offered u/s 80D of the Income Tax Act, 1961. Under this section, deductions are provide...

Read More

Deduction and Allowances Available under Income Tax Act 1961 for expenses

Section wise brief about the deduction and allowances available under Income Tax Act 1961 against expenses incurred by Assesses...

Read More

Section 80TTB: Rs. 50000 deduction on interest income to senior citizen

New section 80TTB to allow a deduction upto Rs 50,000/- in respect of interest income from deposits held by senior citizens. However, no deduction under section 80TTA shall be...

Read More

Calculators

Advance Income Tax Calculator for Assessment Year 2019-20

Download the automated Income Tax Calculator for the Financial Year 2018-19 & Ass Year 2019-20 as per the new central budget 2018-19, with all amendment by the CBDT....

Read More

Excel format to calculate Deferred Tax, MAT and Computation of Tax for 5 A.Y.

Friends most of us face the challenge of calculating tax as per Income tax and AS 22. Here an effort is made to comprise all tax computation viz., Provision for Tax, MAT, Defe...

Read More

Automatic GST Late Fees Calculator for Form GSTR 3B

Simple 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 More

Rate Charts

Countrywise Withholding tax rates / Chart as per DTAA

Country wise Withholding tax rate on Dividend (not being covered under Section 115-O), Interest, Royalty and Fee for Technical Services as updated with amendment carried out b...

Read More

Rates of Depreciation as Per Income Tax Act,1961

Block of Assets :-The expressions Assets and Blocks of Assets w.e.f. 1-4-1999 shall mean a group of assets falling within a class of assets comprising:–Tangible Assets being...

Read More

Income Tax Rates for AY 2019-20 / FY 2018-19

This Article Contains Income Tax Rate / Income Tax Chart/ Income Tax Slab as applicable for Financial Year (FY) 2018-19 or Assessment Year 2018-19 (AY) to Individual (resident...

Read More

Search Posts by Date

May 2018
M T W T F S S
« Apr    
 123456
78910111213
14151617181920
21222324252627
28293031