Daily Archives: April 4, 2017

GST FAQ – GSTN and Frontend Business Process on GST Portal – 31.03.2017 by CBEC

By | April 4, 2017

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC GSTN and Frontend Business Process on GST Portal Chapter 23 Q 1. What is GSTN? Ans. Goods and Services Tax Network (GSTN) is a not-for-profit, non-government company promoted jointly by the Central and State Governments, which will provide shared IT infrastructure and services to both… Read More »

Direct Tax collections up to March, 2017 -14.2% More , Indirect tax collections 22% More

By | April 4, 2017

Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes; Provisional figure of Total Tax Collections in 2016-17 is Rs. 17.10 Lakh Crore as against the Revised Target of Rs. 16.97 Lakh Crore.; Direct Tax collections up to March, 2017 stood at Rs. 8.47 Lakh… Read More »

ITR-4 SUGAM AY 2017-18- Instructions for filling issued by CBDT

By | April 4, 2017

Instructions for filling ITR-4 SUGAM A.Y. 2017-18 Download ITR-4 SUGAM AY 2017-18 General Instructions These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income tax Rules, 1962. 1. Assessment Year for which this Return Form is… Read More »

Income Tax Act (Finance Act 2017)-Book-Taxmann -61st Edition

By | April 4, 2017

Income Tax Act (Finance Act 2017) Paperback – 2017 by Taxmann As Amended by Finance Act 2017 Price Rs 1241 . Click to buy Online Paperback: 1496 pages Publisher: Taxmann; Edition : 61st Edition 2017 Date of Publication : April 2017 Related Books of Income Tax Subjects Books Transfer Pricing Information Exchange and Tax Transparency – Book… Read More »

Handbook To Direct Taxes -Post Finance Act 2017- Book 26th edition 2017- Bomi F Daruwala

By | April 4, 2017

Handbook To Direct Taxes [Post Finance Act 2017] Paperback – 2017 by Bomi F Daruwala (Author), CA Kamal Garg (Author) Price Rs 1242. Click to buy Online Publisher: Bharat Law House Pvt. Ltd. Edition: 26th edn., 2017 Related Books of Income Tax Subjects Books Transfer Pricing Information Exchange and Tax Transparency – Book on Global… Read More »

ITR-1 SAHAJ A.Y. 2017-18 -Instructions for filling issued by CBDT

By | April 4, 2017

Instructions for filling ITR-1 SAHAJ A.Y. 2017-18 Download ITR-1 SAHAJ A.Y. 2017-18  General Instructions These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Incometax Rules, 1962. 1. Assessment Year for which this Return Form is applicable… Read More »

CBDT issued draft Notification for Taxability of Non STT Shares

By | April 4, 2017

Central Board of Direct Taxes requests for stakeholder’s comments on draft of Notification to be issued Under Section 10(38) of the Income-tax Act, 1961 Section 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amendment by Finance Act, 2017, provided that the income arising by way of a transfer of long term capital asset, being… Read More »

GST FAQ -Place of Supply of Goods and Service – 31.03.2017 by CBEC

By | April 4, 2017

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Place of Supply of Goods and Service Chapter 22 Q 1. What is the need for the Place of Supply of Goods and Services under GST? Ans. The basic principle of GST is that it should effectively tax the consumption of such supplies at the… Read More »

GST FAQ- Offences, Penalties, Prosecution and Compounding – 31.03.2017 by CBEC

By | April 4, 2017

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Offences, Penalties, Prosecution and Compounding Chapter 20 Q 1. What are the prescribed offences under CGST/SGST Act? Ans. The CGST/SGST Act codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 122, apart from the penalty prescribed under section 10… Read More »

GST FAQ – Inspection, Search, Seizure and Arrest – 31.3.2017 by CBEC

By | April 4, 2017

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Inspection, Search, Seizure and Arrest Chapter 19 Q 1. What is the meaning of the term “Search”? Ans. As per law dictionary and as noted in different judicial pronouncements, the term ‘search’, in simple language, denotes an action of a government machinery to go, look… Read More »

USA- IRS updates Rev. Proc. 2016-56 (published in December 2016) to add countries to the list of countries set forth in Section 4 of Rev. Proc. 2014-64

By | April 4, 2017

Issue Number:    RP-2017-31 Inside This Issue Rev. Proc. 207-31 updates Rev. Proc. 2016-56 (published in December 2016) to add countries to the list of countries set forth in Section 4 of Rev. Proc. 2014-64.  Section 4 lists the countries with which the Treasury Department and the IRS have determined that it is appropriate to have an… Read More »