Daily Archives: April 21, 2017

Taxmann Deduction of Tax at Source with Advance Tax and Refunds – 30th Edition 2017- As Amended by Finance Act 2017)

By | April 21, 2017

Deduction of Tax at Source with Advance Tax and Refunds (30th Edition 2017-As Amended by Finance Act 2017) by Dr. Vinod K. Singhania (Author) Price Rs 1775. Click to buy Books online Paperback: 1216 pages Publisher: Taxmann Publications Pvt. Ltd.; 30th Edition edition (2017) View Contents of this Book  – Deduction of Tax at Source with Advance… Read More »

Amount deducted for not serving Notice / Notice Pay not taxable – ITAT

By | April 21, 2017

Held we find that employers have made deduction from the salary which was paid to the assessee during the year under consideration because of leaving the services as per agreement made by the assessee and the respective employer. We find that this is a case of recovery of the salary which is already made to… Read More »

Goods and Services Tax Acts With Rules -Ravi Puliani & Mahesh Puliani -April 2017 Edition – Bharat Publication

By | April 21, 2017

Goods and Services Tax Acts With Rules  by Ravi Puliani (Author), Mahesh Puliani (Author) Price Rs 547. Click to buy Online About GOODS & SERVICES TAX Chapter 1 The Central Goods and Services Tax Act, 2017 (12 of 2017) Chapter 2 The Integrated Goods and Services Tax Act, 2017 (13 of 2017) Chapter 3 The… Read More »

GST Video – Major Changes in existing CE & ST regime Vs proposed GST regime

By | April 21, 2017

Live Webcast on “Major Changes [existing CE & ST regime Vs proposed GST regime] on 18th April, 2017  Related Post on GST Free Video GST Video- Migration and Transitional Provision 12.04.2017 GST Video- Brief Concept of Model GST Law ( CGST, SGST & IGST) (1st Technical session) GST Video – Levy & Composition (2nd Technical… Read More »

MCA Clarify Generation of Online Challan for Offline Payment Cases

By | April 21, 2017

MCA General Circular 2/2017 on Clarification reg. Generation of Online Challan for Offline Payment Cases; prescribes two step process to facilitate filing of e-form IEPF-1 in cases where Challans were not generated by companies on MCA21 portal prior to 15 Dec. 2016 In terms of Investors Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016… Read More »

PMGKY Declaration Date Extended -Circular No.14 of 2017 – 21.04.2017

By | April 21, 2017

Circular No.14 of 2017 F.No.370142/33/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 21st April, 2017 Extension of time for filing declaration under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana,… Read More »

Date for filing of declaration under PMGKY extended up to 10.05.2017

By | April 21, 2017

Date for filing of declaration under PMGKY extended up The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana,2016 (PMGKY) had commenced on 17th December, 2016 and was open for declarations up to 31st March, 2017. Representations from stakeholders have been received stating that in some cases tax, surcharge and penalty have been paid… Read More »

Schedule III CGST Act 2017 – Activities or Transactions which shall be treated neither as a supply of goods nor a supply of Services

By | April 21, 2017

Schedule III CGST Act 2017 Schedule III CGST Act 2017  deals with Activities or Transactions which shall be treated neither as a supply of goods nor a supply of Services SCHEDULE III [See section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES 1. Services… Read More »

Schedule II CGST Act 2017 – Activities to be treated as supply of goods or services

By | April 21, 2017

Schedule II CGST Act 2017 Schedule II CGST Act 2017 deals with Activities to be treated as supply of goods or services [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of tax… Read More »

Schedule I CGST Act 2017- Activities to be treated as Supply even if made without Consideration

By | April 21, 2017

Schedule I CGST Act 2017 Schedule I CGST Act 2017 deals with Activities to be treated as Supply even if made without Consideration [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the President of India on 12-4-2017 -An Act to make a provision for levy and collection of… Read More »

Section 174 CGST Act 2017 – Repeal and saving.

By | April 21, 2017

Section 174  CGST Act 2017 [ Section 174 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 174  CGST Act 2017 deals with Repeal and saving. and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by… Read More »

Section 173 CGST Act 2017- Amendment of Act 32 of 1994.

By | April 21, 2017

Section 173  CGST Act 2017 [ Section 173 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 173  CGST Act 2017 deals with Amendment of Act 32 of 1994 and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 172 CGST Act 2017 – Removal of difficulties.

By | April 21, 2017

Section 172 CGST Act 2017 [ Section 172 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 172 CGST Act 2017 relates to Removal of difficulties and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by… Read More »

Section 171 CGST Act 2017 – Anti-profiteering measure.

By | April 21, 2017

Section 171  CGST Act 2017 [ Section 171 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 171  CGST Act 2017 deals with Anti-profiteering measure and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by the… Read More »

Section 170 CGST Act 2017 – Rounding off of tax, etc.

By | April 21, 2017

Section 170 CGST Act 2017 [ Section 170 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 170 CGST Act 2017 explains Rounding off of tax, etc. and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented… Read More »

Section 169 CGST Act 2017- Service of notice in certain circumstances.

By | April 21, 2017

Section 169 CGST Act 2017 [ Section 169 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 169 CGST Act 2017 deals with Service of notice in certain circumstances. and is covered in CHAPTER XXI -MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 168 CGST Act 2017- Power to issue instructions or directions.

By | April 21, 2017

Section 168 CGST Act 2017 [ Section 168 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 168 CGST Act 2017 deals with Board Power to issue instructions or directions and is covered under CHAPTER XXI – MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND… Read More »

Section 167 CGST Act 2017 – Delegation of powers.

By | April 21, 2017

Section 167 CGST Act 2017 [ Section 167 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 167 CGST Act 2017 deals with Delegation of powers and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented… Read More »

Section 166 CGST Act 2017 – Laying of rules, regulations and notifications.

By | April 21, 2017

Section 166 CGST Act 2017 [ Section 166 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 166 CGST Act 2017 explains Laying of rules, regulations and notifications. and is covered in CHAPTER XXI – MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 165 CGST Act 2017- Power to make regulations.

By | April 21, 2017

Section 165 CGST Act 2017 [ Section 165 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 165 CGST Act 2017 explains Power to make regulations and is covered under CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented… Read More »

Section 164 CGST Act 2017- Power of Government to make rules.

By | April 21, 2017

Section 164 CGST Act 2017 [ Section 164 CGST Act 2017 Notified w.e.f 22.06.2017 vide Notification No. 1/2017 – Central Tax Dated 19.06.2017 ] Section 164 CGST Act 2017 explains Power of Government to make rules. and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT, 2017 assented by… Read More »

Section 162 CGST Act 2017 – Bar on jurisdiction of civil courts.

By | April 21, 2017

Section 162 CGST Act 2017 [ Section 162 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 162 CGST Act 2017  deals with Bar on jurisdiction of civil courts. and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 161 CGST Act 2017 – Rectification of errors apparent on the face of record.

By | April 21, 2017

Section 161 CGST Act 2017 [ Section 161 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 161 CGST Act 2017 relates to Rectification of errors apparent on the face of record. and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 160 CGST Act 2017 – Assessment proceedings, etc., not to be invalid on certain grounds

By | April 21, 2017

Section 160 CGST Act 2017 [ Section 160 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 160 CGST Act 2017  explains Assessment proceedings, etc., not to be invalid on certain grounds. and is covered in CHAPTER XXI – MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL… Read More »

Section 159 CGST Act 2017 – Publication of information in respect of persons in certain cases

By | April 21, 2017

Section 159 CGST Act 2017 [ Section 159 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 159 CGST Act 2017 explains Publication of information in respect of persons in certain cases. and is covered in CHAPTER XXI – MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL… Read More »

Section 158 CGST Act 2017 -Disclosure of information by a public servant

By | April 21, 2017

Section 158 CGST Act 2017 [ Section 158 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 158 CGST Act 2017 deals with Disclosure of information by a public servant. and is covered in CHAPTER XXI MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 157 CGST Act 2017 – Protection of action taken under this Act.

By | April 21, 2017

Section 157 CGST Act 2017 [ Section 157 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 157 CGST Act 2017  deals with Protection of action taken under this Act. and is covered in CHAPTER XXI – MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND… Read More »

Section 156 CGST Act 2017 – Persons deemed to be public servants

By | April 21, 2017

Section 156 CGST Act 2017 [ Section 156 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 156 CGST Act 2017 explains Persons deemed to be public servants. and is covered in CHAPTER XXI -MISCELLANEOUS [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT,… Read More »

Section 153 CGST Act 2017 – Taking assistance from an expert.

By | April 21, 2017

Section 153 CGST Act 2017 [ Section 153 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 153 CGST Act 2017 deals with taking assistance from an expert. and is covered in Chapter XXI –  Miscellaneous [Note : CGST Act 2017 also known as CENTRAL GOODS AND… Read More »

Section 154 CGST Act 2017 – Power to take samples.

By | April 21, 2017

Section 154 CGST Act 2017 [ Section 154 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 154 CGST Act 2017  relates to Power to take samples and is covered in Chapter XXI –  Miscellaneous [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX ACT,… Read More »

Real Estate Act 2016 – Certain Sections Notified w.e.f 01.05.2017

By | April 21, 2017

MINISTRY OF HOUSING AND URBAN POVERTY ALLEVIATION NOTIFICATION New Delhi, the 19th April, 2017 S.O. 1216(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Real Estate (Regulation and Development) Act, 2016 (16 of 2016), the Central Government hereby appoints the 1st day of May, 2017 as the date on which… Read More »

Rights of Persons with Disabilities Act 2016 Comes into force w.e.f 19.04.2017

By | April 21, 2017

MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT (Department of Empowerment of Persons with Disabilities ) NOTIFICATION New Delhi, the 19th April, 2017 S. O. 1215(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Rights of Persons with Disabilities Act, 2016 (49 of 2016), the Central Government hereby appoints 19th day of… Read More »

PMGKDS – Effective date of opening Bonds Ledger Account – Notification

By | April 21, 2017

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 19th April, 2017 Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme, Notification No S.O. 4061 (E) S.O. 1218(E).—In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Act), the… Read More »

USA IRS RP-2017-33: Additional first year depreciation

By | April 21, 2017

Revenue Procedure 2017-33 provides guidance under the Protecting Americans for Tax Hikes Act of 2015 (PATH Act) regarding amendment to (i) expensing section 179 property, (ii) the additional first year depreciation deduction under section 168(k), and (iii) the qualified Indian reservation property depreciation provision under section 168(j). Revenue Procedure 2017-33 will be in IRB 2017-19,… Read More »