Goods and Services Tax : (a) integrated tax shall first be utilised towards payment of integrated tax and the amount remaining, if any, may be utilised tow...
Goods and Services Tax : Form GSTR 3B is the first return of GST regime to be filed by registered dealer and not composition dealer. This online return per...
Goods and Services Tax : The GST R1 return is again a most important document which shall be generated through invoice. All the key components of GST R1 sh...
Goods and Services Tax : Composition scheme should be opted by only those manufacturers or traders who sells directly to the consumers. Composition scheme ...
Goods and Services Tax : Any person who is in reverse charge is the happiest man or woman. There life is in good shape. They can take holidays. They can sp...
If any person having furnished a return under section 139(1) or in pursuance of a notice issued under section 142(1) [original return], discovers any omission or wrong statement therein, then he may furnish a revised return at any time on or before the expiry of one year from the end of the relevant Assessment Year (AY 2) or before the completion of assessment*, whichever date is earlier. [* Scrutiny assessment or best judgement assessment]
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The Finance Act 2015 comes with many additional benefits for an individual assessee. Here an attempt is made to discuss all provision providing additional benefits to assessee by finance act. Particulars of Tax Benefits Exiting Provision Deduction / Benefit allowed Effective Date of Amendment Tax benefits under section 80C for the girl child under the […]
Kaushal Agrawal Revise, Understand and learn following topics. 1. Tax on Special Income 2. Tax on casual income 3. Tax on Normal Income 4. Surcharge 5. Education cess 6. Slab Rate 7. Basic Exemption whether available from special Income 8. Rebate u/s 87A
Kaushal Agrawal Learn, understand and memorise 1. Why agricultural Income has been made exempted. 2. What is rider? 3. Definition of agricultural Income. 4. Computation of agricultural income 5. Part agricultural income and part non agricultural income of tea, coffee and rubber. 6. Partial Integration of agricultural Income with non agricultural Income.
Kaushal Agrawal Learn, understand and memorise following sections. 1. 80C : Savings 2. 80CCC : Pension fund 3. 80CCD : Pension Fund 4. 80CCG : Rajiv Gandhi Equity Scheme 5. 80D : Health Insurance premium 6. 80DD : Disabled dependent 7. 80DDB : Specified disease 8. 80E : Interest on higher education 9. 80EE : […]
There are 3 methods of computation of VAT- 1. Addition method 2. Subtraction method 3. Invoice method. First 2 methods has many disadvantages and none of the countries have implemented it. However last method also called Input tax credit method has lots of advantages which most of the countries has implemented it.
Kaushal Agrawal In this lecture we shall learn 1. System of sales tax. 2. Advantages and disadvantages of different system of sales tax. 3. Meaning of VAT. 4. Advantage of VAT Useful for students who are appearing in CA inter, CMA inter or CS executive exam.
We are attaching Amendments made by Finance Act 2013 authored by CS K. K. Agrawal with solved practical questions which is extremely useful for students who are appearing for for CA, CS, CMA exam May / June 2014 attempt.
I am attaching herewith book titled ‘Fast Track Quick Revision of Income tax for AY 2014-15’, which can be extremely useful for students who are appearing for for CA, CS, CMA exam May / June 2014 attempt.
