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Archive: 23 January 2018

Posts in 23 January 2018

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7116 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

ICAI suggests increase in Limits for various salary related allowances exempt from tax

January 23, 2018 2064 Views 0 comment Print

Monetary limits in the Income-tax Act, 1961 Issue/Justification The monetary limits for all exemptions or deductions were provided long back. In has been long since the same have been revised considering the prevailing inflationary conditions in India. An effort has been made to compile all such monetary limits with the Cost inflation index (CII) of […]

ICAI suggests Form 26AS based TDS credit claims during assessment proceedings

January 23, 2018 4020 Views 0 comment Print

TDS credit should be allowed on the basis of Form 26AS, even if the payee has not claimed the same in the return of income (due to non updation of Form 26AS) but has claimed TDS credit during the assessment proceedings (during which time the updated TDS credit is reflected in Form 26AS)

Make Provision for employer to provide tax treaty benefits while calculating TDS: ICAI

January 23, 2018 720 Views 0 comment Print

Under the current tax regime, there is no provision under the Act which enables an employer to consider admissible benefits under the respective Double Taxation Avoidance Agreements (e.g. credit for taxes paid in another country/ treaty exclusions of income etc.)

Celebration of Customs Day and Investiture Ceremony-2018-reg

January 23, 2018 396 Views 0 comment Print

The Customs Day and Investiture Ceremony, 2018 is being celebrated on 27th January, 2018 at Plenary Hall, Vigyan Bhawan, New Delhi. All ‘Group-A’ officers posted in Board are directed to attend the Customs Day and Investiture Ceremony-2018.

Develop system to issue Lower deduction certificate u/s 197 through TRACES Site: ICAI

January 23, 2018 1569 Views 0 comment Print

TDS CPC has been one of the successful projects of the Government for online tracking of the Tax deducted, deposited, corrections and reconciliations.

Dispense requirement for issue or obtaining of TDS certificate in Form 16A: ICAI

January 23, 2018 6039 Views 0 comment Print

Section 203 of the Act requires the deductor of TDS to issue the TDS certificate to the deductee to the effect that tax has been deducted and specifying the amount so deducted.

Provide relief from TDS on monthly and year end provision entries: ICAI

January 23, 2018 8298 Views 0 comment Print

Most of the companies record provision entries made towards various expenditures on a monthly basis to report performance to the parent entities that are reversed on the first day of the subsequent month.

CBEC notifies cross-empowerment of State tax officers for processing & grant of GST refund

January 23, 2018 5796 Views 2 comments Print

CBEC Amends notification No. 39/2017-Central Tax dated 13.10.2017 for cross-empowerment of State tax officers for processing and grant of refund vide Notification No. 10/2018–Central Tax

CBEC notifies as GST Portal for furnishing e-way bill

January 23, 2018 22359 Views 5 comments Print

Central Government hereby notifies as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns and computation and settlement of integrated tax and as the Common Goods and Services Tax Electronic Portal for furnishing electronic way bill.

FORM GSTR-6 due date for July 2017 to Feb 2018 extended to 31.03.2018

January 23, 2018 13884 Views 0 comment Print

Commissioner hereby extends the time limit for furnishing the return by an Input Service Distributor in FORM GSTR-6 for the months of July, 2017 to February, 2018, till the 31st day of March, 2018.

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