Daily Archives: May 5, 2017

Draft rules for valuation of unquoted equity share by CBDT

By | May 5, 2017

Draft rules relating to valuation of unquoted equity share Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 5th May, 2017. Subject: Request for stakeholder’s comment on draft rules relating to valuation of unquoted equity share for the purposes of section 56 and section 50CA of… Read More »

Download AY 2017-18 Income Tax E-filing Utility for ITR 1, 2, 3, 4, 5, 6, 7

By | May 5, 2017

 Income Tax Return E-filing Utility AY 2017-18 Income Tax Department has released Income Tax Return Utility for Assessment Year 2017-18 / Financial Year 2016-17 for ITR 1, ITR 2, ITR 3 and ITR 4 (SUGAM), ITR 5, IT 6. ITR 7 in both Java and Excel Format. ITR 1 – For Individuals having Income from… Read More »

Haryana passes GST Bill

By | May 5, 2017

Haryana House passes GST Bill The Haryana Assembly on Thursday passed the Goods and Services Tax Bill, 2017, in the special one-day session of the House. It also gave legislators a hike in salaries and allowances with monthly salary of Ministers set to jump from Rs. 50,000 to Rs. 60,000 per month. Haryana Excise and… Read More »

Budget hotel owners make plea for 5% GST slab

By | May 5, 2017

Budget hotel owners make plea for 5% GST slab Budget hotel owners make plea for 5% GST slab A delegation of small-hotel owners led by Federation of Indian Chambers of Commerce and Industries (FICCI), on Thursday, made a representation before deputy chief minister and finance minister, Nitin Patel, seeking 5% or lower Goods and Service… Read More »

Category: GST

Notice deemed to be served if Assessee refused to accept it: HC

By | May 5, 2017

Held The addressee in this case is correctly described. There is no dispute about his identity. Even his address is correct. It is at that address the packet is carried and by the concerned postal authority. The duly authorised person carrying the packet reached the address. On noticing the addressee, he serves it, but the… Read More »

Govt. exempts service tax on Pradhan Mantri Vaya Vandana Yojna

By | May 5, 2017

Govt. exempts service tax on ‘Pradhan Mantri Vaya Vandana Yojna’ [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION New Delhi, the 4th May, 2017 No. 17/2017-Service Tax G.S.R.….(E).- In exercise of the powers conferred by sub-section (1) of… Read More »

Section 5 Rajashtan GST Act 2017- Powers of officers

By | May 5, 2017

Section 5 Rajashtan GST Act 2017 Section 5 Rajashtan GST Act 2017 explains Powers of officers and is covered in Chapter II Administration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of… Read More »

Section 4 Rajashtan GST Act 2017-Appointment of officers

By | May 5, 2017

Section 4 Rajashtan GST Act 2017 Section 4 Rajashtan GST Act 2017 explains Appointment of officers and is covered in Chapter I I Administration  ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of… Read More »

Section 3 Rajashtan GST Act 2017- Officers under this Act

By | May 5, 2017

Section 3 Rajashtan GST Act 2017 Section 3 Rajashtan GST Act 2017 explains Officers under this Act and is covered in Chapter II  Administration ( Note Rajashtan GST Act 2017 Received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of… Read More »

USA IRS RP-2017-36: Table to calculate premium tax credit

By | May 5, 2017

Revenue Procedure 2017-36 procedure provides indexing adjustments for certain provisions under sections 36B and 5000A of the Internal Revenue Code.  In particular, it updates the Applicable Percentage Table in § 36B(b)(3)(A)(i) to provide the Applicable Percentage Table for 2018.  This table is used to calculate an individual’s premium tax credit.  This revenue procedure also updates… Read More »

Category: USA