c

"03 April 2018" Archive - Page 3

All you need to know about various provisions in relation to Cash transactions under Income tax Act

The Government of India with an intention to evade black money and to discourage the cash transactions time and again taking various steps. Specially the Income tax Act is amended and provided with disallowances and stringent penal provisions for various types of cash transactions. Let us briefly understand some of such provisions here....

Read More
Posted Under: Income Tax |

MGST: Designate certain Joint Commissioner as ‘Empowered Officer’ for implementation of E-way Bill

Order No. D.C. (A&R)-2/GST/PWR/Sections/2017-18/ADM-8 03/04/2018

Order/2018-State Tax- Designate the certain Joint Commissioner as ‘Empowered Officer’ for implementation of E-way Bill. The powers and duties assigned or delegated under this order shall be exercised within their jurisdiction subject to conditions and restrictions as the Commissioner may impose from time to time....

Read More

MGST: Power delegation-to Assistant Commissioner for E-way Bill implementation

Order No. D.C. (A&R)-2/GST/PWR/Sections/2017-18/ADM-8 03/04/2018

Commissioner of State Tax, Maharashtra, hereby with effect from 1st April 2018 pleased to delegate powers and duties to Assistant Commissioner related to E-way Bill implementation....

Read More

MGST: Power Delegation-to Deputy Commissioner related to E-way Bill implementation

Notification No. D.C. (A&R)-2/GST/PWR/Sections/2017-18/ADM-8 03/04/2018

Commissioner of State Tax, Maharashtra, hereby with effect from 1st April 2018 pleased to delegate power and duties to Deputy Commissioner related to E-way Bill implementation....

Read More

Advance Authorisation /Duty Exemption Scheme: Why cheating with exporters?

This is a story about the elite IAS, ITS & IRS housed in the Udyog Bhawan & the North Block. I always thought that these officials would be able to think through the problem & formulate policy & procedures, which would be easy, transparent & easy to understand for the beneficiaries & easy to implement but alas that is not to be. ...

Read More
Posted Under: Income Tax |

Orders per second limit and requirement of empanelment of system auditors for algorithmic trading in commodity derivatives

SEBI/HO/CDMRD/DRMP/CIR/P/2018/60 03/04/2018

Based on representations from exchanges it has also been decided to do away with the requirement of empanelment of system auditors by the exchanges for system audit of algorithmic trading. ...

Read More

How to generate E-Way Bill via SMS

Mobile E-Way Bill is a mobile SMS based generation of e-way bill. This is meant for small tax payers, who may not have IT systems and may not have large number of transactions for e-way bill generation in a day. This can also be used by the tax payers to generate e-Way Bill, in the emergency cases like night, for the urgent movement of tr...

Read More
Posted Under: Income Tax |

Relaxation for Dis-Qualified Directors, CODS 2018 Extended till 30.04.2018

MCA notified the extension of Condonation of Delay Scheme (CODS), 2018 vide General Circular No 02/2018 Dated 28/03/2018 till 30th April 2018. Earlier the Scheme was valid till 31st March 2018 but due to requests of various stake-holders ministry decided to extend the validity of the Scheme until 30th April 2018 (1-month extension)....

Read More
Posted Under: Income Tax |

E-way bill – Comparison between Rules Notified earlier (for implementation w.e.f. 1.2.2018) and New Rules (w.e.f. 1.4.2018)

In its 24th and 25th GST Council meeting, the GST Council announced that the facility for generation, modification and cancellation of e-way bills is being provided on trial/ voluntary basis on the portal ewaybill.nic.in. The E-Way Bill Rules 138 & 138A notified vide Notification No. 27/2017-Central Tax, dated 30.08.2017...

Read More
Posted Under: Income Tax |

Section 44AD: Presumptive Taxation for Business Income

Extract of Section – 44AD of Income-tax Act, 1961 Special provision for computing profits and gains of business on presumptive basis. 44AD. (1) Notwithstanding anything to the contrary contained in sections 28 to 43C, in the case of an eligible assessee engaged in an eligible business, a sum equal to eight per cent of the […]...

Read More
Posted Under: Income Tax |

Search Posts by Date

January 2022
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31