FAQs

Reversal of ITC on Supply of Capital Assets under GST Regime

Goods and Services Tax - Since inception of GST there are various contrary views and ambiguity on numerous provisions of GST law and practical difficulty is being faced by taxpayer in figuring out the exact mechanism to be followed. One such ambiguous provision in with respect to sale of Capital goods within five years of its procurement and reversal of […...

Read More

Appointment of Manager Under Companies Act, 2013

Goods and Services Tax - We all have heard about the Mr. Manager of a company. A Manager is a person who manages or is in charge of something. Managers can control departments in companies, or guide the people who work for them. Managers must often make decisions about things. The manager is responsible for overseeing and leading the work of a group of peo...

Read More

TDS: Section 194N Payment of certain amounts in cash

Goods and Services Tax - Section 194N Payment of certain amounts in cash. As per section 194N of IT Act, Every person being the bank, Cooperative society engaged in banking business and post office is required to deduct TDS at 2% when they make cash payment of Exceeding Rs. 1 Crore to any person during the previous year. However the […]...

Read More

FAQ related to Central Processing Center (CPC)

Goods and Services Tax - Article deals with FAQ related to Non receipt of ITR-V, Intimation u/s 143(1), Rectification order U/s. 154 and how to request for reissue of them online. It further deals with CPC Email ID, Helpline Number Working Hours etc....

Read More

House Rent Allowance : Tax Saver For Salaried Person

Goods and Services Tax - House Rent Allowance (HRA) is generally considered as a part of salary component and is generally added in the salary structure to help the individual to save taxes. House rent allowance deduction is given under section 10(13A) of the Income Tax Act accordance with Rule 2A of the Income Tax Rules. If you stay in […]...

Read More

FAQs on One Time SEBI Settlement Scheme, 2020

Goods and Services Tax - Frequently Asked Questions on the SEBI Settlement Scheme, 2020 – One Time Settlement Scheme issued by the Securities Exchange of India on 27th July, 2020....

Read More

Merging of June 2020 to December 2020 CS Examination: FAQs

Goods and Services Tax - Institute of Company Secretaries of India Q 1. Will December 2020 be the last attempt for Executive & Professional [Old Course] Students? Ans: Yes, December 2020 Session of Examination is the last attempt for Executive & Professional Old Course Q 2. When Students can change the Examination Centre, Module, Medium ? Ans: For Changes...

Read More

FAQs on Opt-Out of May 2020 Examinations for CA Students

Goods and Services Tax - In view of the ongoing COVID-19 pandemic and in the interest of the well – being of students and to mitigate their hardships, as proactive measure for benefit and welfare of the students, an Important Announcement dated 15th June 2020 was issued inter alia extended an option to the examinees who have made applications for […]...

Read More

Reduction in statutory rate of EPF contribution from 12% to 10% – FAQs

Goods and Services Tax - FREQUENTLY ASKED QUESTIONS Reduction in statutory rate of EPF contribution from 12% to 10% Q 1. What is revised rate of EPF contribution announced by the Central Govt. under Atmanirbhar Bharat package? Ans. Under this package the statutory rate of EPF contribution of both employer and employee has been reduced to 10 percent of basic [&hel...

Read More

PF Transfer Claims for Employees- FAQs

Goods and Services Tax - Q.1: How do I know if I require a PF transfer? Ans. If the member has more than one PF member IDs (MIDs) and the PF amount of these MIDs has not been transferred into the latest MID, member is required to get his PF transferred into his current MID. Q.2: What are the types […]...

Read More
Sorry No Post Found

55 FAQs on Direct Tax Vivad se Vishwas Bill, 2020

Circular No. 7/2020-Income Tax - (04/03/2020) - After introduction of Vivad se Vishwas in Lok Sabha, several queries have been received from tile stakeholders seeking clarifications in respect of various provisions contained therein. Government has considered these queries and decided to clarify the same in form of answers to frequently asked que...

Read More

FAQs on Long Term Repo Operations (LTROs)

Press Release: 2019-2020/1945-RBI - (13/02/2020) - What is the maximum amount that a single market participant can bid in LTROs? A market participant can place bids of amount less than or equal to the notified amount. RBI may reject all the bids of the participant if the total bid amount submitted by the participant exceeds the notified amount....

Read More

CBDT issues FAQs on filing of ITR-5, ITR-6 and ITR-7

Circular No. 26/2019-Income Tax - (26/09/2019) - Circular No. 26 of 2019- CBDT clarifies on certain issues relating to filing of Forms ITR-5, ITR-6 and ITR-7 which includes furnishing of details of shareholding in Schedule SH-1 / SH-2, details of assets and liabilities in Schedule AL-1 / AL-2. It also provide solutions to queries of Partnership fi...

Read More

FAQ’s: Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019

Trade Circular No. 20T of 2019 - (15/05/2019) - Clarification and FAQ’s on Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019  related to the provisions of the Ordinance more particularly relating to determination of requisite amount, un-disputed tax to be paid under the Ordinance, issue based withdrawa...

Read More

GST on Real Estate: CBIC release FAQs (Part II)

F.No. 354/32/2019-TRU - (14/05/2019) - A number of issues have been raised regarding the new GST rate structure notified for real estate sector effective from 01-04-2019. A compilation of Frequently Asked Questions (FAQs) containing 41 questions was issued on 7th May, 2019. Part II of the FAQ is presented below....

Read More

Recent Posts in "FAQs"

Reversal of ITC on Supply of Capital Assets under GST Regime

Since inception of GST there are various contrary views and ambiguity on numerous provisions of GST law and practical difficulty is being faced by taxpayer in figuring out the exact mechanism to be followed. One such ambiguous provision in with respect to sale of Capital goods within five years of its procurement and reversal of […...

Read More
Posted Under: Income Tax |

Appointment of Manager Under Companies Act, 2013

We all have heard about the Mr. Manager of a company. A Manager is a person who manages or is in charge of something. Managers can control departments in companies, or guide the people who work for them. Managers must often make decisions about things. The manager is responsible for overseeing and leading the work of a group of peo...

Read More
Posted Under: Income Tax |

TDS: Section 194N Payment of certain amounts in cash

Section 194N Payment of certain amounts in cash. As per section 194N of IT Act, Every person being the bank, Cooperative society engaged in banking business and post office is required to deduct TDS at 2% when they make cash payment of Exceeding Rs. 1 Crore to any person during the previous year. However the […]...

Read More
Posted Under: Income Tax |

FAQs on One Time SEBI Settlement Scheme, 2020

Frequently Asked Questions on the SEBI Settlement Scheme, 2020 – One Time Settlement Scheme issued by the Securities Exchange of India on 27th July, 2020....

Read More
Posted Under: Income Tax |

Merging of June 2020 to December 2020 CS Examination: FAQs

Institute of Company Secretaries of India Q 1. Will December 2020 be the last attempt for Executive & Professional [Old Course] Students? Ans: Yes, December 2020 Session of Examination is the last attempt for Executive & Professional Old Course Q 2. When Students can change the Examination Centre, Module, Medium ? Ans: For Changes...

Read More
Posted Under: Income Tax |

FAQ related to Central Processing Center (CPC)

Article deals with FAQ related to Non receipt of ITR-V, Intimation u/s 143(1), Rectification order U/s. 154 and how to request for reissue of them online. It further deals with CPC Email ID, Helpline Number Working Hours etc....

Read More
Posted Under: Income Tax |

House Rent Allowance : Tax Saver For Salaried Person

House Rent Allowance (HRA) is generally considered as a part of salary component and is generally added in the salary structure to help the individual to save taxes. House rent allowance deduction is given under section 10(13A) of the Income Tax Act accordance with Rule 2A of the Income Tax Rules. If you stay in […]...

Read More
Posted Under: Income Tax |

NFRA-2 Form- FAQs

Frequently Asked Questions (FAQs) Pertaining To NFRA-2 Form Q 1. Form NFRA 2 is only available in PDF version as part of the Gazette notification. Since the e-form is not available, we are not able to collate the required information. Considering the timeline for submission of NFRA 2 is November 30, 2019, please advise when […]...

Read More
Posted Under: Income Tax |

Section 44AD Linkage with Tax Audit under section 44AB updated by Finance Act, 2020

Critical Analysis of interrelation between Provisions of Section 44AD & Section 44AB along with other ancillary aspects of Income Tax Act, 1961 The provisions of Section 44AD was introduced in the Chapter of Profits & Gains from Business or profession with an objective to reduce the compliance burden of resident small Tax payers. ...

Read More
Posted Under: Income Tax | ,

GST/Compensation Cess on Used Cars: FAQs

GST and Compensation Cess Applicability on Sale of Old/Used Motor Vehicle in different Scenario Take Away from this article: Whether GST and Compensation Cess is applicable at different rates and/or Concessional rates or not on sale of old/used motor vehicle GST applicability on sale of Old/Used car in the following scenario has always be...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (4,867)
Company Law (6,334)
Custom Duty (7,843)
DGFT (4,266)
Excise Duty (4,378)
Fema / RBI (4,285)
Finance (4,527)
Income Tax (33,848)
SEBI (3,591)
Service Tax (3,577)

Search Posts by Date

August 2020
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31