Income Tax Challan FAQs

By | May 28, 2018

Share this on WhatsApp Income Tax Challan FAQs General FAQs on Income Tax Challan What are the new challans for the payment of Direct Taxes / Income Tax ? The following new single copy challans have been introduced with effect from July 2005. Sl. No. (1) Challan No. Description Type Of Payment 1. ITNS 280… Read More »

How to Pay Income Tax online

By | May 28, 2018

Share this on WhatsAppHow to Pay Income Tax online Whether it is mandatory to pay tax online? It is mandatory for the following types of assesses to pay tax online with effect from April 1,2008. All the corporate assesses. All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act,… Read More »

Income Tax Challan : Free Study Material

By | May 28, 2018

Share this on WhatsAppIncome Tax Challan : Free Study Material Here is the Free Study Material on Income Tax Challan Income Tax Challan FAQs  by NSDL ITNS 280 Income Tax Challan : Download / Print / Pay How to Pay Income Tax online FAQ on E payment of Income tax and other direct taxes How to… Read More »

Income Tax TDS Certificates : Free Study Material

By | May 28, 2018

Share this on WhatsAppIncome Tax TDS Certificates : Free Study Material Here is the Free Study Material on Income Tax TDS Certificates Have you checked your TDS Certificate ? Form No 16 for TDS on salary : Income Tax provisions How to Download Form 16 (TDS Certificate) from Traces : by Deductor for salary How to… Read More »

How to Download Form 16 (TDS Certificate) from Traces

By | May 28, 2018

Share this on WhatsAppHow to Download Form 16 (TDS Certificate) from Traces Here is the Complete guide on How to Download Form 16 (TDS Certificate) from Traces by the person who has deducted the TDS (deductor) under Income Tax Act  from salary. This certificate will be issued to the person whose TDS has been deducted .If TDS… Read More »

Income Tax Calendar June 2018 : Due Dates

By | May 28, 2018

Share this on WhatsAppIncome Tax Calendar June 2018 : Due Dates Following is the Income Tax Calendar for June 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 June 2018 –Due date for deposit of Tax deducted/collected for the month of May, 2018. However, all sum deducted/collected by an office of… Read More »

GST Returns : Free study Material

By | May 28, 2018

Share this on WhatsAppGST Returns : Free study Material Here is the Free study Material on GST Returns [ Join online GST Course by CA Satbir Singh ] Due Date for GST Return Change GST return Option from Quarterly to Monthly on GST Portal GST Anuual Return : Complete Guide GST Return Not Filed : Consequences How… Read More »

GST Appeal : Free Study Material

By | May 28, 2018

Share this on WhatsAppGST Appeal : Free Study Material we have compiled free study material on GST Appeal. Please click on the following topics to study in detail :- [ Join GST online course by CA Satbir Singh)] Who can appear before GST Officer or in Appeals : Authorized Representative How to File GST Appeal… Read More »

Monetary limit fixed for filing Appeal with Commissioner (Appeals) : CBIC Instructions 25.05.2018

By | May 28, 2018

Share this on WhatsAppIntroduction of monetary limit at the level of Commissioner-Appeals-CBIC fixes Rs 2,50,000/- below which appeal shall not be filed with Commissioner (A) F No 390/Misc/116/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi 25 May 2018 INSTRUCTION To All Principal Chief Commissioners/ Chief… Read More »

Validity Period of GST Composition Scheme

By | May 27, 2018

Share this on WhatsAppWhat is the validity of composition Scheme? Video Tutorial by CA Satbir Singh explaining Validity Period of GST Composition Scheme [ Join GST online course by CA Satbir Singh)] Whether composition scheme has to applied prior to beginning of every Financial year ? [Hindi : Kya purane composition scheme wale ko bhi dubara… Read More »

How to Charge GST in case of FOR basis contracts

By | May 27, 2018

Share this on WhatsAppHow to Charge GST in case of FOR basis contracts Video Tutorial by CA Satbir Singh explaining how to Charge GST in case of FOR basis contracts Meaning of F.O.R basis freight FOR means Freight on Road. If the freight is paid by the consignor (Supplier) and the goods remain consignor’s (Supplier) property until… Read More »

Income Tax Interest : Free Study Material

By | May 27, 2018

Share this on WhatsAppIncome Tax Interest : Free Study Material Here is the free study material on Interest under Income Tax Interest under Income Tax Act : Free Guide Book : 234A, 234B and 234C : FA 2018 Guidelines -Waiver of Interest Charged- section 201(1A) (i) of Income-Tax Act Salary Income -No Interest for defaults… Read More »

 List of Income Tax benefits available to Small Businessmen AY 2019-20

By | May 27, 2018

Share this on WhatsApp List of Income Tax benefits available to Small Businessmen List of Income Tax benefits available to Small Businessmen AY 2019-20 [As amended by Finance Act, 2018] [AY 2019-20] S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from eligible business on presumptive basis under Section 44AD provided turnover or gross… Read More »

Why should I pay Income tax?

By | May 26, 2018

Share this on WhatsApp‘Why should I pay tax?’ The citizens of India are required to pay Income tax as well as other taxes as per law.  1.  Some people raise the question ‘Why should I pay tax? They argue: I have to pay for my food, for my house, for my travel, for my medical treatment, for… Read More »

Circular No 3/1/2018 IGST : Goods supplied from customs bonded warehouse : IGST Applicability

By | May 26, 2018

Share this on WhatsAppCircular No 3/1/2018 IGST Summary of Circular No 3/1/2018 IGST Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a customs bonded warehouse-reg via Circular No 3/1/2018 IGST Dated  25th May, 2018 [ Join online GST Course by CA Satbir Singh ] F. No. CBEC/20/16/03/2017- GST Government… Read More »

Income Tax Slabs for AY 2019-20 ( FY 2018-19 )

By | May 26, 2018

Share this on WhatsAppIncome Tax Slabs for AY 2019-20 ( FY 2018-19 ) Here are the Income Tax Slabs for AY 2019-20 ( FY 2018-19 ) for Individuals , Partnership Firms ,Local Authority,Domestic Company,Foreign Company and Co-operative Society [ Join online GST Course by CA Satbir Singh ] For Individual/HUF/AOP/BOI/AJP : Income Tax Slabs for… Read More »

New GST News 26.05.2018

By | May 26, 2018

Share this on WhatsAppNew GST News 26.05.2018 [ Join online GST Course by CA Satbir Singh ] Goods couldn’t be seized if eway bill have handwritten second vehicle number :ALLAHABAD HC Goods seized for incomplete Eway bill to be released on furnishing security :ALLAHABAD HC GST Registration issued in Wrong Name : Revenue authorities to… Read More »

Income Tax Calender for May 2018

By | May 26, 2018

Share this on WhatsAppIncome Tax Calender for May 2018 7 May 2018 –Due date for deposit of Tax deducted/collected for the month of April, 2018. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production… Read More »

Chartered Accountants can’t determine FMV of unquoted equity shares : CBDT Notification

By | May 26, 2018

Share this on WhatsAppCA’s Chartered Accountants not to determine FMV of unquoted equity shares received by a company without adequate consideration-CBDT Notification Section 56(2) of the Income tax Act, 1961. creates a deeming fiction for bringing certain receipts/transactions within the scope of taxable income. (b) Under the provisions of clause (viia) to section 56(2), where… Read More »

Income Tax on Benami Property : Free Study material

By | May 26, 2018

Share this on WhatsAppIncome Tax on Benami Property : Free Study material Here is the free Study Material on Income Tax on Benami Property Benami Property Explained via Video Tutorial  Benami Transaction (Prohibition) Bill 2016 :- Key Takeaways [Video] Rs 1 Crore Reward for Benami Property informant : Income Tax News [Part 38] [Video] Income… Read More »

GST on Capital Goods : Free Study Material

By | May 26, 2018

Share this on WhatsAppGST on Capital Goods : Free Study Material Here is the free study material on GST on Capital Goods [ Join online GST Course by CA Satbir Singh ] As per the provisions of GST Laws, the taxable person is entitled to take full input tax credit at the time of receipt… Read More »

GST Audit : Free Reference Material , Limit, Format , Process

By | May 26, 2018

Share this on WhatsAppGST Audit : Free Reference Material Here we have compiled free reference Material on GST Audit [ Join online GST Course by CA Satbir Singh ] GST Audit Meaning GST Audit : Meaning and Types Special Audit in GST : Analysis GST Audit applicability Read this Topic  GST Audit Limit for GST Audit applicability, GST audit turnover limit , applicable… Read More »

GST Inspection : Free Study Material

By | May 26, 2018

Share this on WhatsAppGST Inspection : Free Study Material Here is the free study material on Inspection under GST  [ Join online GST Course by CA Satbir Singh ] Circular No 41/15/2018 GST : CBIC clarify interception of conveyances for inspection of goods in movement GST Inspection , Search , Seizure and Arrest – Analysis GST… Read More »

No Tax on sum received by partner on retirement from firm for goodwill : HC

By | May 25, 2018

Share this on WhatsAppHIGH COURT OF BOMBAY Principal Commissioner of Income-tax-26 Mumbai v. R.F. Nangrani HUF M.S. SANKLECHA AND SANDEEP K. SHINDE, JJ. IT APPEAL NO. 33 OF 2016 APRIL  18, 2018 A.R. Malhotra and N.A. Kazi for the Appellant. Ajaykumar R. Singh and Ravindra Poojary for the Respondent. ORDER 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act) challenges… Read More »

GST TRAN 2 : user manual by GSTN

By | May 25, 2018

Share this on WhatsAppGST TRAN 2 : user manual by GSTN Transition Form GST TRAN – 2 [ Join online GST Course by CA Satbir Singh ] 1. Login and Navigate to Transitions Forms > TRAN – 2 page 1. Access the www.gst.gov.in URL. The GST Home page is displayed. 2. Login to the GST Portal with… Read More »

GST TRAN 2 FAQ’s

By | May 25, 2018

Share this on WhatsAppGST TRAN – 2 1. Why do I need to file transition Form GST TRAN – 2? [ Join online GST Course by CA Satbir Singh ] Every registered person who is eligible to take credit in his/her Electronic Credit Ledger of eligible duties and taxes paid under existing laws in respect… Read More »

GST on Security Deposit

By | May 25, 2018

Share this on WhatsAppGST on Security Deposits This Video Tutorial will explain the provisions of GST on Security Deposits [ Join online GST Course by CA Satbir Singh ] XYZ Ltd. receiving security deposit from customer against supply of gas cylinders.is there any GST implication on it for XYZ? Comment : i )If Deposit is… Read More »

Goods couldn’t be seized if eway bill have handwritten second vehicle number :ALLAHABAD HC

By | May 25, 2018

Share this on WhatsAppThe E-Way Bill which has been issued initiatlly when the goods/vehicle started its journey from Himanchal Pradesh/Punjab by mentioning the vehicle number in the E-Way Bill but after reloading in another vehicle at Chandigarh since the official portal was not permitting to mention the details of two transport vehicles, the registration number… Read More »

New GST News 25.05.2018

By | May 25, 2018

Share this on WhatsAppNew GST News 25.05.2018 [ Join GST online course by CA Satbir Singh ] GST Fraud in Delhi of Rs 28 crore : 2 arrested e-Way Bill Roll out for intra-State in Maharashtra, Manipur & UT’s (without legislature) from 25.05.2018 GST council has power to impose Sugar Cess : says Union Law… Read More »