The above referred story incorrectly portrays about incidents being reported at the venue of CA Day 2017 celebrations i.e. at Indira Gandhi Indoor Stadium on July 1, 2017. It has been mentioned that force was used by the Police to control the crowd at the venue & Chartered Accountants were shouting slogans against the Govt.
Clarifications with FAQs on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
CBDT press release on Issues arising from the implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accounting Standards (Ind AS) compliant companies.
Technical Guide on Income Computation and Disclosure Standards The Ministry of Finance vide Notification No. 87/2016 dated 29.09.2016 notified ten Income Computation and Disclosure Standards (ICDSs), operationalizing a new framework for computation of taxable income by all assessees (other than individual or a HUF who is not required to get his accounts of the previous […]
Timely finance is the cornerstone of running a successful and profitable business. Not having access to funds when required could become an impediment for any businessman be it an owner of a small setup or a big one. Business loans like all other loans are extended based on certain conditions being fulfilled by the applicant […]
1. What is GSTR-1? GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. 2. Who is required to file the GSTR-1? Every registered taxable person, other than […]
Returns Offline Tool Version V1.0 Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Link to Download offline GSTR 1 creation tool for Invoice and Other Data upload gst_offline_tool.zip will contain following four files Sample_files Offline Tool User Manual Readme GST Offline Tool 1. […]
1. How can I download and install the Invoice Upload/Download Offline Tool in my system from the GST Portal? 1. Login to the GST Portal gst.gov.in.2. Go to Downloads > Offline Utilities> Returns Offline Utility > Download
Income-tax Return Forms for the Assessment Year 2017-18 were notified on 30th March, 2017. A number of representations were received from the non-residents that they are facing difficulties in getting refund as they do not have bank account in India and there is no column in the notified form of return of income for reporting details of foreign bank account by the non-residents for this purpose.
The Government has launched the system of issuing e-patent certificates after grant of patent, by issuing a public notice on 3-7-2017.The salient features are enumerated below:-
