House Rent Allowance (H.R.A.) results in tax savings because accounting under Income tax act is direct exemption based. However, accounting of Rent Free accommodation is valuation based taxation and added to total income of employee presumptive basis. Please note Rent-Free Accommodation cannot be taxed if Salary is NIL The principles of valuations are explained below:- […]
Article explains Preamble, Tittle and Applicability of Central Goods and Services Tax Act, 2017, Integrated Goods and Services Tax Act, 2017, Union Territory Goods and Services Tax Act, 2017, Goods and Services Tax (Compensation to States) Act, 2017 and [Name of State E.G. Bihar, Delhi, Up Etc.] Goods and Services Tax Act, 2017.
This Article is about how interception of conveyances is done by the GST officer for inspection of goods. Also we also see detailed analysis of the Sections, Rules dealt with this and the summarized procedure of it with all forms.
Every Director of a Company is required to filed E-for DIR-3KYC on or before April 30 every FY for DIN as on March 31 immediate previous year, otherwise delayed fee of Rs. 5,000/- shall be charged. Further, For the current FY (2018-2019), no fee shall be chargeable till August 31, 2018 and delayed fee of Rs 500 shall be charged on or after September 1, 2018.
A. Law(s) Governing the eForm DIR-3 KYC i. Company Law Rules related to eForm DIR-3 KYC eForm DIR-3 KYC is required to be filed pursuant to Rule 12A and Rule 11(2) and (3) of The Companies (Appointment and Qualification of Directors) Rules, 2014 as amended by Companies (Appointment and Qualification of Directors) fourth Amendment Rules, […]
Centralized Processing Cell (TDS) has observed from its records that Flag B is not being raised for 15G/ H Forms in quarterly TDS Statements filed.
There is a lot of false information out there about what you can and can’t do on your annual taxes. Here are some of the biggest myths that plague the system and what the truth behind them actually is:
This appeal by the assessee is directed against order of ld. Commissioner of Income Tax (Appeals)-1, Thane dated 13.07.2016 and pertains to the assessment year 2010-11
ITO Vs. Wiz-Tech Solutions Pvt. Ltd (ITAT Kolkata) The main plank on which the AO made the addition was because the directors of the share subscribers did not turn up before him. In such a case the Hon’ble Apex Court in the case of Orissa Corpn. (P) Ltd. (supra) 159 ITR 78 and the Hon’ble […]
This appeal by the revenue arises out of the order of the Learned Commissioner of Income Tax(Appeals)-20, Kolkata [in short the ld CIT(A)] in Appeal No.1044/CIT(A)-20/CC-1(1)/15-16 dated 25.07.2016 against the order passed by the ACIT, CC-1(1), Kolkata
