It was found that Indians work for 8.1 hours every day, more than the average figure for the entire developed world and individual countries like the UK, Australia, France, Italy and Germany.
Recently ITAT-SB at Hyderabad in Nagarjuna’s case held that even if a non resident does not obtain a PAN, the tax deductor need not deduct TDS at higher rate of 20%.
Goods and Services Tax, as the name suggests is a tax on every supply of goods and/or services. GST is a metamorphic reform, which is finding its way towards the final stage i.e. implementation slowly and steadily.
India is witnessing a sea change in the indirect taxes regime. The implementation of much awaited Goods and Services Tax, which is major taxation reforms taken by the Government since independence, is around the corner. This new law would directly or indirectly affect every section of the society be it Manufacturer, Traders, Retailers, Service Provider, […]
Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30, 2017. States also asked to comply with the spirit of the Act of Parliament. Buyers entitled to relief under the Act from May 1st this year. Only four States and 6 UTs notify Real Estate Rules; alleged violations of Act referred to Parliament Committee.
Government’s road and highway building programme has enough cash to build the crucial infrastructure, Road Transport, Highway and Shipping Minister Mr Nitin Gadkari has said.
On February 12, 2017, ICAI elected its new torch-bearers CA. Nilesh Shivji Vikamsey as the President and CA. Naveen N.D.Gupta as the Vice-President for year 2017-18.
The payment of taxes under IDS, 2016 was enabled via OLTAS in the month of July, 2016. This Directorate has received many requests from taxpayers and field formations for the correction of attributes like PAN, AY, minor head and major head of such Challans.
In respect of levy of interest under Section 201(1A) of the Act the interest is to be computed for the period from the date from which the tax was deductable to the date of filing of the return by the deductee (VTU).
ANNOUNCEMENT Online Articles Placement Portal for selection of Articled Assistants by CA Firms The Board of Studies of the ICAI has been providing Optional Articles Placement Scheme for selection of Articled Assistants by CA Firms through its Articles Placement Portal. It provides a platform to the firms of Chartered Accountants having vacancies for Articled Assistants […]
