Most Indians see tax evasion as a mark of smartness. If the government allows you a tax break, you are free to take it. If there is a legal way you can save some of your hard-earned money from being taxed, you are free to save it.
1. Since 1 April, 2018, long-term capital gains (LTCG) made on redemption of equity mutual funds have been subject to 10% tax. 2. The tax is applicable on LTCG made by the investor over and above Rs 1 lakh a year. 3. However, the LTCG made till 31 January, 2018, have been grandfathered, so the […]
Objective of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019- The Scheme is a one time measure for liquidation of past disputes of Central Excise, Service Tax and 26 other indirect tax enactments. The Scheme provides that eligible persons shall declare the unpaid tax dues and pay the same in accordance with the provisions of the Scheme.
Sharing PPT on TDS and TCS under GST, which was made for presentation at National CA Students Conference, Ernakulam, Kerela 19th – 20th July, 2019.
This Budget Bulletin is divided into three parts: Part I – Provides Rates of Taxes applicable for A.Y. 2019-20 and A.Y. 2020-21 (given as a comparison). Part II – Provides the summary of amendments made by Interim Finance Bill, 2019. Part III – Provides the summary of amendments made by Finance (No. 2) Bill, 2019.
Like every year, I am glad to present you an E-book on ‘Union Budget -2019 An Analysis of Income Tax Proposals for Layman as well Tax Practitioners’. This e-book contains proposals of this budget and in addition to that references to relevant sections, sub-sections, clauses, sub-clauses, provisos etc. which are inserted or substituted or otherwise […]
Format of Authority Letter for Filing NFRA Form 1 To, Chairperson National Financial Reporting Authority 8th floor, Hindustan Times House Kasturba Gandhi Marg New Delhi- 110001 I, <<Name>>, <<Designation>> hereby authorize following official to sign, fill and submit NFRA-1 on behalf of the organization. Name: Designation: Official Email ID: Official Contact No.: Official Identification Number: […]
GST REFUNDS & OTHER PAYMENTS TO TAXPAYERS (A Compendium of Notifications, Circulars, Instructions & Advisories Issued by Government) Compendium consolidates various Notifications, Circulars, Instructions & Advisories Issued by Government related to GST Refund in a single book to serve as a source of ready reference for all stakeholders. Download GST Refund Compendium of Refund Notifications, […]
Companies (Significant Beneficial Owners) Amendment Rules, 2019 was notified by MCA vide Notification Dated 8th February 2019 which are Subject to Provisions of Section 90 of Companies Act, 2013 and Section 469(1),(2) Companies Act, 2013. Article explains the following- Meaning of Significant Beneficial Owner (SBO) Who will be SBO in various Cases? Duty of the […]
The complexity of the Goods and service tax (GST) law is evident to everybody who has dealt with it, the GST Annual returns and audit are no exception. The industry has got some sort of relief with the Government extending the due dates, for the third time of course, for complying with the requirements of […]
