Daily Archives: April 4, 2017

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

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 »

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

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

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

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

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

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 – Appeals, Review and Revision -31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Appeals, Review and Revision in GST Chapter 16 Q 1. Whether any person aggrieved by any order or decision passed against him has the right to appeal? Ans. Yes. Any person aggrieved by any order or decision passed under the GST Act(s) has the right… 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

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 »

USA IRS Reminder to Taxpayers Who Haven’t Filed 2013 Returns

IRS Reminder to Taxpayers Who Haven’t Filed 2013 Returns: Time is Running Out; Agency has $1 Billion in Refunds IRS YouTube Videos: Refund: Claim It or Lose It – English |Spanish | ASL  WASHINGTON — The Internal Revenue Service reminded taxpayers today that unclaimed federal income tax refunds totaling more than $1 billion may be… Read More »

USA IRS -Avoid Common Tax-Filing Errors

Avoid Common Tax-Filing Errors; IRS Encourages e-filing, Careful Review WASHINGTON — As the April 18 income tax filing deadline approaches, millions of taxpayers may be rushing to complete their taxes and many may realize they’re going to need more time. The IRS encourages taxpayers to take extra time to complete their tax return if needed.… Read More »