Archive: January, 2017

Posts in January, 2017

Saal Do Hazar “Satra” main Tax Evaders ko “Khatra”

January 1, 2017 6208 Views 0 comment Print

After demonetization income tax raid at many places, issues in banks came to notice. Further a big change in the indirect tax laws i.e. GST is coming. So there were big changes are likely to come in the year 2017 in the financial world.

IGST- Lets understand the tax on interstate trade

January 1, 2017 7594 Views 1 comment Print

जी.एस.टी. के दौरान केन्द्रीय बिक्री कर अर्थात सी.एस.टी. का पूर्ण रूप से अंत हो जाएगा एवं सी फॉर्म एकत्र करने की कोई समस्या भी नहीं रहेगी. लेकिन एक प्रश्न फिर भी उठता है कि तब एक राज्य से दूसरे राज्य के बीच होने वाले व्यापार को किस प्रकार से नियमित एवं नियंत्रित किया जाएगा.

Text of PMs address to nation on the eve of New Year 2017

January 1, 2017 2956 Views 1 comment Print

In a few hours, we will be ushering in the new year of 2017. 125 crore Indians will join the rest of the world, in welcoming it with new hope, new energy and new dreams.

Reference made to TPO without passing a speaking order is invalid

January 1, 2017 3088 Views 0 comment Print

HC held that a reference to TPO can be made only after passing a speaking odder disposing off objections raised by assessee. In the present case since, the reference was made without passing such a speaking order, the reference so made was invalid.

Unbiased critical analysis of Demonetization

January 1, 2017 12103 Views 9 comments Print

As one of the biggest decision in the history of Independent India, Prime Minister Mr. Narendra Modi marks the evening of 8th November 2016 with his surgical strike on black money through announcement of ceasing the Currency Notes of 500 rupees and 1000 rupees with a vision of putting a check on the huge amount of Black Money

Penalty U/s. 271(1)(c) without finding of AO not justified

January 1, 2017 8791 Views 0 comment Print

Penalty U/s. 271(1)(c) not leviable where there is complete absence of recording of any finding that assessee had indulged in any concealment of any material particulars or that explanation offered by him was not bonafide or was false

Time to define Discretionary powers of Income Tax Authorities

January 1, 2017 6394 Views 0 comment Print

Time For Adapting Necessary Changes, Defining Of Discretionary Powers Of Authorities As Well As Recodification Of The Income Tax Act, 1961 & Income Tax Rules, 1962

4 FAQs on GST Registration, replied in Hindi

January 1, 2017 5923 Views 0 comment Print

सरकार बहुप्रतीक्षित वस्तु एवं सेवा कर जीएसटी को अप्रैल 2017 से सितंबर 2017 के बीच में लागू करने की तैयारी में है इन्हीं तैयारियों के तहत सरकार ने जीएसटी की वेबसाइट पब्लिक के लिए ओपन की है तथा इस वेबसाइट में पंजीकरण के लिए पूरे देश में पंजीकरण का एक प्लान भी तैयार किया है इस शेडूल प्लान के तहत उत्तर प्रदेश जम्मू और कश्मीर दिल्ली चंडीगढ़ हरियाणा पंजाब उत्तराखंड हिमाचल प्रदेश एवं राजस्थान

Transitional Provisions under Revised Model GST Law – Part-VII

January 1, 2017 3952 Views 0 comment Print

Article discusses Sec 173 – Exempted goods returned to the place of business on or after the appointed day and Section 174. Duty (Tax – in SGST Act) paid goods returned to the place of business on or after the appointed day.