In case of every Individual (resident or non-resident) or HUF or Association of Persons or Body of Individuals or any other artificial juridical person
The criteria for Selection (on the basis of probable revenue earning) of the cases for Assessment Scheme-2018- This Scheme may be called the Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment Scheme, 2018.
A. Added features in Form GSTR 1 and Form GSTR 5. 1. In GSTR-1 & GSTR5 on addition of records (Invoices/Debit Notes/Credit Notes, an option has been provided to taxpayer to select a lower tax rate for motor vehicle leasing businesses, as per Notification No 37/2017-Central Tax (Rate), dated 13-10-2017. i.e.65% of applicable GST TAX […]
Details of Returns to be filed under The Employment Exchanges (CNV) Act,1959 & Rules, The Maternity Benefit Act, 1961, The Factories Act, 1948, The minimum Wages Act, 1948, The Payment of Wages Act,1936 & related Mines Rules, The Contract Labour 9 (R&A) Act, 1970 & Rules, The Apprenticeship Act, 1961, The Payment of Bonus Act, […]
Stay updated on the recent changes in ITR due dates and filing requirements. Don’t miss the deadlines for filing your income tax return.
The existing provision of clause (ii) sub-section (14) of Section 10 of the Act, provides the exemption of conveyance or transport allowance of Rs. 1,600 p.m. will be provided to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of office.
Pendurthi Chandrasekhar Vs DCIT (Andhra Pradesh HC) Conclusion: AO was not justified in adding the amount of Rs. 73,00,000 to the account of assessee received from maternal aunt as the donor herself had given a confirmation letter clearly stating therein that she had transferred the amount and further declaring that she gave the said gift […]
Implementation of the Seventh Pay Commission Recommendations on Private Unaided Recognised Schools, with retrospective effect from 1.1.2016- A Genuine Dilemma of Parents as well as Private Unaided Recognised Schools!!!!
A Will becomes enforceable only after the death of the testator. It gives absolutely no rights to the legatee (the person who inherits) until the death of the testator. It has no effect during the lifetime of the testator. A testator can change his Will, at any time, in any manner he deems fit.
In order to ensure independency of auditors, I suggest overall change in the auditor’s appointment procedure so that no one should be able to influence auditors. In today’s modern technological environment, this can be achieved by creating Automated Auditor Appointment Agency (4A).
