"01 February 2018" Archive

E Way Bill Provisions in GST- 50 Latest FAQs

Q1. What is an E Way Bill? Ans. E-way bill (FORM GST EWB-01) is an electronic document (available to supplier/ recipient / transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components-Part A comprising of details of GSTIN of supplier & recipient place of [&h...

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Budget 2018-2019 – Birds Eye view

Now LTCG on shares on stock exchange will be taxable @10% for gain exceeding Rs. 1,00,000 and the benefit of indexation will also not be given. This change seems a bit inappropriate because since the STT is still there and  STT was introduced to set LTCG on shares free. Capital gains made on shares until Jan 31 will be grandfathered. So,...

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Investor Education & Protection Fund

Procedure for Investor Education & Protection Fund: 1. Pass a resolution authorizing the Company Secretary or any other person:- To sign the delivery instruction slips for transferring the shares held in demat....

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Budget 2018 : Some important Points to be known

Finance Minister Shri Arun Jaitley presented general Budget for 2018.This is the first budget after enforcement of GST. GST revenue will be collected for 11 months and that would impact balance sheets. Rs 21.57 lakh crore transferred in the form of net GST against the predicted Rs 21.47 lakh....

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10 Points To Remember In Budget 2018-19

Government has not proposed any changes in tax slabs for the salaried class this year. So the effective tax rates will be same as last year, as follows;...

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10% Tax on LTCG on Equity Shares & EOFs with Sample Calculation

The Taxes shall arise for Gains Booked on Long Term Capital Assets being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust, made on or after the 1st day of April, 2018...

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ICSI welcomes Union Budget 2018-19

The Institute of Company Secretaries of India (ICSI) applauds the Union Budget of 2018-19 presented by Union Finance Minister, Shri Arun Jaitley, focussing on facilitating MSMEs, empowering youth, developing infrastructure, reforming agricultural and rural sectors....

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When company not started its core activity, it cannot be construed that it had commenced its business

Hyderabad Metro Rail Ltd. Vs. ITO (ITAT Hyderabad)

Hyderabad Metro Rail Ltd.: when company not started its core activity, it cannot be construed that it had commenced its business and the income shown in the P&L A/c is not generated from the business activity of the assessee, rules ITAT, Hyderabad....

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Budget 2018: Views on LTCG, infrastructure, disinvestment, capital markets

The Budget 2018 has touched upon almost every sector, while not disrupting the overall economic environment. It aims to provide the necessary push in field of infrastructure, farming, rural household provisions, education, and biggest of all, healthcare, for the common man....

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What happens if a person dies without a will? How Hindu Succession Act Applies?

A written and a registered Will, is the best and most convenient way for you to pass on your estate to the persons whom you want to....

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January 2021