"09 August 2017" Archive

What to do if you failed to file your income tax return before the due date of filing?

The last date to file income tax return for the assessment year 17-18 was 31 July, 2017. However, the due date for filing the income tax return extended to 5th of August, 2017 by the government. In fact, the income tax return filing within the deadline is very crucial especially for the Financial Year 2016-2017 […]...

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Posted Under: Income Tax |

Practice Pointer Queries and Solutions on GST

What will be the GST implication if a manufacturer were to deliver goods by road to the customers using his own vehicle and charges freight in his bill that freight will be part of value of goods and GST payable on total value at same rate as of goods ...

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Posted Under: Income Tax |

GST in a Nutshell

GST (Goods & Services Tax), a single unified tax system aims at uniting Indias complex taxation structure to a One Nation- One Tax regime. It is the biggest tax reform since India’s independence....

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Posted Under: Income Tax |

GST- A Big Fish to eat Fisheries?

But with the introduction of the GST in India, it is going to change the commercial tax scenario prevailing in the fishing sector. Stakeholder are of the view that it is will hit hard. Almost all the items related to fisheries sector are subject to GST....

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Posted Under: Income Tax |

CAG Report on Levy & collection of Service Tax on Entertainment Sector

We conducted a Performance Audit on levy & collection of Service Tax on Entertainment Sector, to seek an assurance regarding adequacy of Service Tax rules and regulations relating to entertainment sector and systems in place to ensure compliance to the same. The. audit was conducted in 17 selected. Commissionerates, including one division...

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Posted Under: Income Tax |

Payment of tax by certain companies U/s. 115JB- CAG Report

Several companies that were having large profit from business and distributing substantial portion of the income to their shareholders as dividend, were reducing their tax liability by availing various deductions and exemptions available in the Act. ...

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Posted Under: Income Tax |

ICAI System to provide updated Study Material at Students door step

Through this system, students after completing registration/conversion of any level will get automatic notification (email/ SMS alert) regarding their login id and password (with the option to change password)....

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Posted Under: Income Tax |

Indian Economy: Critical Milestones during 70 years

India’s economic history over the past 70 years has been marked by several critical milestones amongst which are the crisis years of 1966, 1981 and 1991 and Indias emergence from the economic crisis as the fastest growing major economy of the world....

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Posted Under: Income Tax |

India’s Changing Transport Landscape

The progress of a country is closely linked to the efficiency with which it transports its man and material. A good transport system aids economic growth by providing essential connectivity between available resources, centres of production and the market....

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Posted Under: Income Tax |

Easy Steps to Create GSTR1 with Offline Tool and Excel Worksheet

GST Portal provides simple-to-use Offline Utility for uploading invoice data and other records for creating GSTR-1. Download and Install the Offline tool on your computer. Enter/Import all invoice data in downloaded Excel template....

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Posted Under: Income Tax |
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