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Archive: 01 May 2018

Posts in 01 May 2018

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

May 15, 2024 6291 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.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19314 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Quick reference on Supply under GST

May 1, 2018 4641 Views 0 comment Print

Services means Other than Goods, money and securities; includes activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged.  “Goods’’ means every kind of movable property other than money […]

Reasonable foreign travel expenditure on grounds of commercial expediency allowable as deduction

May 1, 2018 3393 Views 0 comment Print

AO disallowed 20% of total foreign travel expenses during the year under consideration. CIT(A) recorded that for assessment year 2000-01 and 2001-02 the disallowance was restricted to 10% of the total expenses incurred for foreign travel, against which Revenue preferred appeal to Delhi ITAT.

Application U/s. 80G(5) cannot be rejected for sufficiency of funds with an institution

May 1, 2018 2427 Views 0 comment Print

CIT(E) was not justified in rejecting approval sought by assessee under section 80G(5) on the allegation that assessee had sufficient disposable fund because sufficiency of funds available with an institution seeking the approval is not mentioned as condition under section 80G, which needs to be looked into before granting approval.

All you want to know about Punjab State Development Tax Act, 2018 (Professional Tax)

May 1, 2018 61707 Views 40 comments Print

Every employee or person doing business or profession in Punjab is liable to development tax if after deduction income is above maximum exemption limit i.e. Rs. 2,50,000/- at present as per Income Tax Act. Section 4 also mention ‘Income tax payee’ which creates confusion as Person with Total Income above Rs. 3,00,000/- is income tax payee due to rebate of Rs. 2500/- Secion 87A of Income Tax Act. Punjab State Govt should clarify the same.

Appeals Under Income Tax Act, 1961

May 1, 2018 288294 Views 6 comments Print

APPEAL BEFORE COMMISSIONER (APPEALS) If any demand is raised by the Assessing Officer in the assessment, what’s the next step for Assessee. Aggrieved tax payer can file appeal before the Commissioner (Appeals) having, jurisdiction over the tax payer. Designation of the Commissioner (Appeals), with whom appeal is to be filed is also mentioned in the […]

Sample Question Papers for DISA Exams : 50 Sets

May 1, 2018 116703 Views 68 comments Print

We are attaching herewith the excel utility containing 50 Sample Question Papers for DISA Exams. One Can Easily Use the file as it is based on Excel Formulas. After Finishing the Test, Score will appear automatically. Utility will Help you to prepare for DISA ET and AT.

Himachal Pradesh to roll out intra-state e-way bill WEF May 05, 2018

May 1, 2018 11334 Views 0 comment Print

Himachal Pradesh hereby notifies that no E-Way Bill shall be required for intra-state movement of goods within the state of Himachal Pradesh except for intra-state movement of following 17 goods of consignment value exceeding fifty thousand rupees:

GST Audit / Audit under GST

May 1, 2018 11013 Views 1 comment Print

As per sub-section (13) of section 2 of CGST Act 2017, Audit means examination of records, returns and other documents maintained or furnished by the registered person under this Act or the rules made thereunder or under any other law for the time being in force to verify the correctness of turnover declared, taxes paid, […]

Excel format to calculate Deferred Tax, MAT and Computation of Tax for 5 A.Y.

May 1, 2018 205080 Views 12 comments Print

Friends most of us face the challenge of calculating tax as per Income tax and AS 22. Here an effort is made to comprise all tax computation viz., Provision for Tax, MAT, Deferred Tax and allowance and disallowance of Depreciation under Companies Act and Income tax Act in one single excel file. Further to check […]

Provisions of Demand and Recovery Under GST

May 1, 2018 25008 Views 1 comment Print

Under self-assessment system of tax determination and payment of tax in the GST regime, there is every chance of inadvertently short payment of tax and sometimes deliberately taxes are also not paid by the certain category of assessees. GST law makers have incorporated the elaborate provisions for the recovery of tax under various situations such […]

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