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GST disclosure in Income tax return forms
GST disclosure in Income tax return forms After implementation of the GST, this is the first Financial year and the time for the income tax return has come. There are some cases where the GST disclosure in Income tax return forms are needed but most of
Suggestion for Drafting the New direct Tax
Suggestion for Drafting the New direct Tax The task force for direct tax have issued a form of suggestion for drafting the new direct tax. It will also motivate the people about their participation in law making. Also the questionnaire will reveal the problems faced
Major Amendments in Income Tax applicable for A.Y. 2018-19
Major Amendments in Income Tax applicable for A.Y. 2018-19 1. Limit for payment of expenses by cash (Both capital and revenue expenditure) reduced from RS. 20,000 to RS. 10,000 per day in aggregate per person. 2. No Person shall receive an amount of two lakh
Points to consider for books finalisation
Points to consider for books finalisation 1. Please note E-way Bill is applicable from 01-04-2018 for all Inter-State movement of goods Valuing more than Rs. 50,000. 50000 value is inclusive of tax in the invoice. 2. Also as the New Financial Year commences from tomorrow,
CBDT extended the date of linking Aadhar with PAN
CBDT extended the date of linking Aadhar with PAN: In a recent notification CBDT has extended the last date of linking Aadhar with PAN. This date was 31st March earlier. Now this date is extended to 30 June 2018.
TDS Liability on Rent
TDS Liability on Rent TDS liability on rent by Individual or HUF is covered under the Section 194IB of the Income Tax Act. This section was inserted because the government felt that income through payment of rent by Individual or HUF should be covered under TDS
CBDT- Centralised Communication Scheme, 2018 for e assessment notified
CBDT- Centralised Communication Scheme, 2018 for e assessment notified 1. It shall come into force on the date of its publication in the Official Gazette. 2. Definitions. 3. Issue and service of notice – (1) The Centralised Communication Centre shall issue notice to any person requiring
Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains proposed in Finance Bill, 2018
Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains proposed in Finance Bill, 2018 Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or a unit of equity oriented fund or
Salient Features of Finance Bill, 2018
Salient Features of Finance Bill, 2018 1. No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be knon as Education and Health cess. 2.
Conclusion on Finance Bill, 2018
Conclusion on Finance Bill, 2018 1. No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be known as Education and Health cess. 2. However
Finance Bill, 2018
Finance Bill, 2018 Finance minister Arun Jaitley has delivered the budget. So many people are waiting for the tax rate of direct tax. Most people are waiting for the tax slab rates. Lets find out it in finance bill, 2018 as below: budget-memorandum
date for filing ITR for AY 2017-18 extended
CA Shafaly Girdharwal