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Maharashtra VAT Changes in Taxation of commodities, liquor etc.

April 6, 2017 69288 Views 4 comments Print

Changes in the rate of tax, extension to exempted commodities & changes in taxation of liquor under the Maharashtra Value Added Tax Act, 2002 vide Trade Cir. 10T of 2017 Mumbai Dt: 06/04/2017

Central Govt completes Budget related processes before 1st April

April 6, 2017 891 Views 0 comment Print

Lok Sabha Speaker congratulates the Prime Minister, Union Finance Minister, Members of Union Cabinet, Members of Lok Sabha and Officers and Staff of Lok Sabha Secretariat, Ministry of Finance & Parliamentary Affairs for completing all the Budget related processes before 1st April;

How a Home Loan Balance Transfer Can Help You Save a Huge sum of Money

April 6, 2017 2385 Views 0 comment Print

Your Home Loan is a secured loan. Compared to unsecured loan options, this huge loan comes at a comparatively less rate of interest. However, when you consider the large amount and the long tenure it takes to pay off the loan, even this low interest rate can cost you a lot.

Ensure guidelines are followed by ‘Anti-Romeo’ Squads

April 5, 2017 1632 Views 0 comment Print

This writ petition in public interest has been brought forward highlighting the recent steps taken by the State Government by calling upon the police authorities to take appropriate steps of policing in order to prevent such crimes that outrage or insult the modesty of female citizens of this State.

Expense cannot be disallowed for mere not resulting in profit for Assessee

April 5, 2017 2838 Views 0 comment Print

Fact that a particular expense does result in a profit for the Assessee in the immediate proximity cannot form the basis of its dis allowance. In incurring an expense, a business person could have a short and a long term perspective.

Cash withdrawals from bank do not attract Section 269ST Penalty

April 5, 2017 57777 Views 10 comments Print

It has also been decided that the restriction on cash transaction under section 269ST shall not apply to withdrawal of cash from a bank, co­operative bank or a post office savings bank.

Requirement to quote Aadhaar in ITR not applicable to Non Resident

April 5, 2017 4989 Views 0 comment Print

Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017.

Rate of exchange of conversion of South African Rand WEF 06.04.2017

April 5, 2017 603 Views 0 comment Print

Rate of exchange of conversion of South African Rand WEF 06.04.2017 notified by CBEC vide Notification No. 32/2017 – Customs (N.T.) Dated 05 April, 2017

Rule 12 of Income Tax Rules wef 1st April 2017 related to ITR

April 5, 2017 76359 Views 5 comments Print

Get a complete understanding of Rule 12 of Income Tax Rules wef 1st April 2017 related to ITR. Stay up to date with the recent amendments and changes.

All about ITR-1 Sahaj as applicable for A.Y. 2017-18

April 5, 2017 31437 Views 0 comment Print

Understand how to fill out ITR-1 Sahaj for AY 2017-18. Find helpful guidelines for individuals with income from salary, pension, or one house property.

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