Customs Rate of Exchange of Foreign Currency Conversion wef 21.12.2018 notified vide Notification No. 99/2018 – Customs (N.T.) dated 20th December, 2018.
In re Biostadt India Limited (GST AAR Maharashtra) Question :- The question or issue before Your Honor for determination is whether Input Tax Credit (“ITC”) can be claimed by the applicant on procurement of Gold coins which are to be distributed to the customers at the end of scheme period for achieving the stipulated lifting […]
Get a comprehensive overview and analysis of Ind AS 115: Revenue from Contracts with Customers. Understand the new requirements and rules for revenue recognition.
Post my two articles on National Pension System (NPS), the cabinet has made certain important amendment to NPS on 6th December, 2018. There is confusion galore in the minds of taxpayers about the implications and applicability of the decisions. Taxation of pension Tax benefits for NPS contribution Let us discuss. Increase in the contribution to be […]
You should claim your dividend on regular basis. If remain unclaimed for seven consecutive years, then the dividends along with its related shares transferred to Investor Education and Protection Fund (IEPF) Authority. Investor Education and Protection Fund (IEPF) Authority of Ministry Of Corporate Affairs, Government Of India has given the procedure to claim unclaimed dividend after seven […]
This Article discusses on rate of GST on works contract involving predominantly earth work (that is, constituting more than 75 per cent, of the value of the works contract) provided to the Central Government, State Government, Union territory, local authority, a Governmental Authority or a Government Entity Provided that where the services are supplied to […]
1. Assessment & Adjudication- Cross empowerment of Tax Officials, within a State/ UT The validation that State officer can assess taxpayers assigned to the concerned State only ( & vice versa) has been removed. Thus CBIC officials can now do assessment of a taxpayer assigned to a State (& vice versa), within the jurisdiction of […]
IT’S TIME TO SAY NO TO CASH ! Go, Cashless. Go, Clean DON’T… Accept cash of Rs. 2,00,000/- or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion Receive or repay Rs. 20,000/- or more in cash for transfer of Immovable Property Pay more than […]
After around 1.5 years of GST implementation, there are still lots of areas which are not clear. One such area is the income earned by a youtuber. With data costs so cheaper and the emergence of the 4G network it has become much easier for the people to make and publish videos. A youtuber earns […]
Shares trading /investments, F&O trading – taxation for FY 2018-19 or AY 2019-20 for Individual and HUFs Return form:- ITR-1 SAHAJ- Individual (salary / one house property/other source) ITR-2– Individual /HUF (where there is no income from business or profession). I.e. person having short term /long term capital gain need to file this ITR ITR-3– […]
