Daily Archives: June 15, 2017

Section 1 GST Compensation to States Act 2017

By | June 15, 2017

  Section 1 GST Compensation to States Act 2017 [ Section 1 GST Compensation to States Act 2017 notified w.e.f 01.07.2017 vide Notification No. 1/2017 – Goods and Services Tax Compensation Dated 28th June, 2017 ] [ Goods And Services Tax (Compensation To States) Act, 2017 . This Act has been assented by the President of India on 12-4-2017. This… Read More »

Category: GST

Foreign company resident in India u/s 115JH : Draft Notifcation

By | June 15, 2017

F No 370142/19/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 15th June, 2017 Subject: Draft Notification of exception, modification and adaptation in respect of foreign company said to be resident in India under Section 115JH of the Income-tax Act, 1961– comments and suggestions-reg. Finance Act, 2016, inter… Read More »

USA IRS Interim Guidance Direct Pay of Tribal Lease Funds (Including HEARTH Act Leases)

By | June 15, 2017

Interim Guidance Issued on the Direct Pay of Tribal Lease Funds (Including HEARTH Act Leases) On June 8, 2017, the IRS office of Indian Tribal Governments issued Interim Guidance on the Direct Pay of Tribal Lease Funds (including HEARTH Act leases). It directs IRS employees to apply the standards outlined in Notice 2015-67 when determining… Read More »

Category: USA

USA IRS Warns of New Phone Scam Involving Bogus Certified Letters

By | June 15, 2017

IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer IRS YouTube Videos: Tax Scams: English  | Spanish  | ASL Private Collection of Overdue Taxes: English  | Spanish WASHINGTON – The Internal Revenue Service today warned people to beware of a new scam linked to… Read More »

Foreign company resident in India u/s 115JH – CBDT invites Comments

By | June 15, 2017

CBDT invites comments and suggestions on the Draft Notification in respect of foreign company said to be resident in India under Section 115JH of the Income-tax Act, 1961 Finance Act, 2016, inter alia, introduced special provisions in respect of foreign company said to be resident in India on account of Place of Effective Management (PoEM)… Read More »

CIRCULAR NO 4/2007 : Shares are stock in trade or Investments

By | June 15, 2017

CIRCULAR NO 4/2007 SECTION 28(I) OF THE INCOME-TAX ACT, 1961 :  DISTINCTION BETWEEN SHARES HELD AS STOCK-IN-TRADE AND SHARES HELD AS INVESTMENTS  CIRCULAR NO 4/2007, DATED 15-6-2007 1. The Income-tax Act, 1961 makes a distinction between a “capital asset” and a “trading asset”. 2. Capital asset is defined in section 2(14) of the Act. Long-term capital assets and gains are… Read More »

Form GSTR 1 to 11 Download

By | June 15, 2017

Form GSTR 1 to 11 Final GST Return Rules approved by GST Council on 03.06.2017  . Following are the GST Return Formats as per the final GST Return rules released by GST Council Form GSTR 1 Form GSTR 1A Form GSTR 2 Form GSTR 2A Form GSTR 3 Form GSTR 3A Form GSTR 4 Form GSTR 4A… Read More »

Category: GST