Sponsored
    Follow Us:

NPS Scheme Looking Attractive Now

January 25, 2019 5880 Views 0 comment Print

A subscriber under NPS is entitled to get additional tax benefit up to Rs. 50,000 in a financial year under section 80CCD (IB) of Income Tax Act. This is over and above the deduction of Rs. 1,50,000 available under section 80C /80CCE of Income Tax Act .

ELSS Scheme of Mutual Funds is best For Tax Planning U/s. 80C

January 11, 2019 4020 Views 0 comment Print

ELSS (Equity Linked Savings Schemes) Scheme Of Mutual Funds Is Best Choice For Tax Planning under Section 80C of Income Tax Act, 1961. Investors can save up to Rs 1.5 Lakhs in eligible schemes for deduction under Section 80C of the Income Tax Act 1961. There are broadly two types of tax savings schemes – […]

Detailed Analysis With Examples on TDS Under GST

July 31, 2018 59517 Views 11 comments Print

Article explains Provisions of TDS under GST, By whom TDS under GST are to be deducted, Date from which Deduction of TDS under GST to be made, Rate of TDS under GST, Threshold limit for deduction of TDS under GST, When deduction for TDS under GST is required to be made or not to be made, Cases for deduction and non-deduction of TDS under GST, Date of deposit of TDS under GST, Issue of TDS certificate under GST, Filing of TDS return under GST, Late Fees for not issuing the TDS Certificate or Late filing of TDS return under GST, Interest for non-payment of TDS under GST etc.

Taxability of Long Term Capital Gain on Listed Equity Shares, Units of Mutual Fund (Proposed Provision of Union Budget 2018 )

February 10, 2018 4632 Views 1 comment Print

As per the present provision of Section 10(38) of Income Tax Act, the Long Term Capital Gains arising on transfer of Equity Shares or Units of Equity Oriented Funds or units of business trusts are exempt.

GST – Practical Examples on Various Taxes in Present Indirect Tax System and Tax In GST Scenario

June 22, 2017 11088 Views 1 comment Print

The applicability of various taxes (such as Excise, Custom, Service Tax, VAT and CST) in the present indirect tax system and in the coming GST regime has been explained through this article with the help of examples in each of the situations mentioned below:

GST -Compliance Burden for Purchases from Unregistered Person under Reverse Charge

June 10, 2017 68712 Views 4 comments Print

Under the Service Tax Law, tax on Reverse Charge basis is leviable under various services but the concept of Reverse Charge on goods is totally a new concept under the GST regime. Sections 9(3) & 9(4) of the GST Act, 2017 deals with the provisions of Reverse Charge

Meaning of Goods and Services In GST

May 16, 2017 160488 Views 5 comments Print

Goods include: Every kind of movable property, Actionable claims, Growing crops, grass and things attached to or forming part of the land which are agreed to be severed before supply or under a contract of supply.

Meaning and scope of Supply under GST With Examples

May 12, 2017 41274 Views 1 comment Print

Taxable event is that event, happening of which attracts liability to tax. Taxable event is a very important event in any law as the levy and collection of tax is based on the happening of the taxable event. Although, the taxable event happens to be at a particular point of time, the levy and collection of such tax may be postponed for administrative convenience, to a later date.

Value of Taxable Supply (Transaction Value)

May 10, 2017 18663 Views 2 comments Print

Under Section 4A of the Central Excise Act, the Central Government has the power to notify the goods which shall be valued on the basis of MRP less abatement permitted. However in GST Law there is no provision for determination of value on the MRP basis.

GST: Practical Examples on Various Taxes in Present Indirect Tax System and Tax In GST Scenario

May 10, 2017 7716 Views 3 comments Print

The applicability of various taxes (such as Excise, Custom, Service Tax, VAT and CST) in the present indirect tax system and in the coming GST regime has been explained through this article with the help of examples in each of the situations mentioned below:

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930