Appointment of Auditor for conducting GST audit of the Oriental Bank of Commerce . 1) Last date for submission – 01.08.2018 Eligibility Criteria The Bidder needs to comply with all the eligibility criteria mentioned below to be evaluated in Eligibility bid evaluation phase. Non-compliance to any of these criteria would result in outright rejection of […]
What I… retire, no way? Well, at the age of 25 years, the thought of retirement may not be the first that you will be having when you receive your first salary. At a young age, the idea of having a retirement plan that will take care of your needs at old age will be the last priority. Yet, the earlier you begin your retirement planning, the better your returns will be at an old age.
Filing your tax return isn’t as simple and the outlined Do’s and Don’ts will help you in filing your income tax return correctly to ensure speedy processing by the Income Tax Department (ITD).
Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by the Secretary of Ministry of Corporate Affairs, for review of the penal provisions in the Companies Act, 2013 may be setup to examine ‘de-criminalisation’ of certain offences.
Any person (not being an individual/HUF*), responsible for paying to a resident any income by way of interest other than interest on securities, is responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated. The recipient of the income (though s/he gets only the net amount after TDS) is liable to tax on the gross amount.
S V Raghunath Insurance policies are major source tax saving Instruments for Individual and Hindu undivided Families, in last few years there are lot of changes in Tax provisions related to Insurance policies, which have taken place including TDS under Section 194DA on Payments received under Life Insurance Policies. An attempt has been made to […]
An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act in respect of the number of time for which the return of income may be revised by the assessee. However, if a person deliberately files a false return he will be liable to be imprisoned under section 277 and the offence will not be condoned by filing a revised return.
Discover the rare benefits of filing regular income tax returns. From increased loan eligibility to building loyalty with the government, find out why it’s important to file consistently.
Notification of the Ayushman Bharat – National Health Protection Mission being issued by MoHFW under Section 7 of the Aadhaar Act, merely enables the implementation agencies to ask for the beneficiary Aadhaar Card to authenticate their identity. In order to authenticate the identity of beneficiaries accurately, the use of Aadhaar card is preferable, but it is not a must.
The GST composition Scheme is an easy and simple scheme for the taxpayers. Small taxpayers could get rid of the tedious tax formalities and can pay GST at a pre-determined rate of turnover. Any taxpayer with a turnover of less than INR 1.5 crore could opt for GST registration under composition scheme. This scheme is designed with the objective of making compliance cost effective and easier for the taxpayers.
