Daily Archives: February 16, 2018

Finance Act 2017 : Exemption of long term capital gains tax under section 10(38) of the Incometax Act.

By | February 16, 2018

Exemption of long term capital gains tax under section 10(38) of the Incometax Act. 11.1 Clause (38) of Section 10 of the Income-tax Act, before amendment by the Act, provided that the income arising from a transfer of long term capital asset, being equity share of a company or a unit of an equity oriented… Read More »

Finance Act 2017 : Exemption of income of Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund.

By | February 16, 2018

Exemption of income of Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund. 9.1 Section 10(23C) of the Income-tax Act provide exemption in respect of income of certain funds which include inter alia the Prime Minister’s National Relief Fund. 9.2 The Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund, referred to in… Read More »

Finance Act 2017 : Tax-exemption to partial withdrawal from National Pension System (NPS).

By | February 16, 2018

Tax-exemption to partial withdrawal from National Pension System (NPS). 8.1 The provisions of section 10(12A) of the Income-tax Act specify that payment from National Pension System (NPS) trust to an employee on closer of his account or opting out shall be exempt up to 40% of total amount payable to him. 8.2 In order to… Read More »

CBDT released Explanatory Notes to the Provisions of the Finance Act 2017 : CIRCULAR No 2/2018

By | February 16, 2018

CIRCULAR No. 2/2018 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2017 F. No. 370142/15/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated, 15th of February, 2018 CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 Section/Schedule Particulars/Paragraph number Finance Act, 2017 First Schedule Rate Structure, 3.1-3.4 Chapter III Income-tax Act, 1961 2… Read More »

[Video] GST News [ Part 160 ] : Tax Payments under GST FAQs : CA Satbir Singh ! TaxHeal.com

By | February 16, 2018

GST News [ Part 160 ] : Tax Payments under GST FAQs : CA Satbir Singh ! TaxHeal.com Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars… Read More »

NOTIFICATION G.O.Ms.NO.85, DATED 16-2-2018 : Andhra Pradesh GST

By | February 16, 2018

SECTION 47, READ WITH SECTION 128, OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017  WAIVER OF LATE FEE PAYABLE BY ANY REGISTERED PERSON FOR FAILURE TO FURNISH RETURN IN FORM GSTR-5A BY DUE DATE NOTIFICATION G.O.Ms.NO.85, DATED 16-2-2018 In exercise of the powers conferred by section 128 of the Andhra Pradesh Goods and Services… Read More »

NOTIFICATION G.O.Ms.NO.87, DATED 16-2-2018 : Andhra Pradesh GST

By | February 16, 2018

SECTION 148 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017, READ WITH SECTION 20 OF THE INTEGRATED GOODS AND SERVICES TAX ACT, 2017 NOTIFIED COMMON PORTAL – RESCISSION OF NOTIFICATION G.O.Ms.NO.225, DATED 22-6-2017 NOTIFICATION G.O.Ms.NO.87, DATED 16-2-2018 In exercise of the powers conferred by section 146 of the Andhra Pradesh Goods and Services Tax… Read More »

NOTIFICATION G.O.Ms.NO.86, DATED 16-2-2018 : Andhra Pradesh GST

By | February 16, 2018

SECTION 47, READ WITH SECTION 128, OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017 WAIVER OF LATE FEE PAYABLE BY ANY REGISTERED PERSON FOR FAILURE TO FURNISH RETURN IN FORM GSTR-6 BY DUE DATE NOTIFICATION G.O.Ms.NO.86, DATED 16-2-2018 In exercise of the powers conferred by section 128 of the Andhra Pradesh Goods and Services… Read More »

NOTIFICATION G.O.Ms.NO.84, DATED 16-2-2018 : Andhra Pradesh GST

By | February 16, 2018

SECTION 47, READ WITH SECTION 128, OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017 WAIVER OF LATE FEE PAYABLE BY ANY REGISTERED PERSON FOR FAILURE TO FURNISH RETURN IN FORM GSTR-5 BY DUE DATE NOTIFICATION G.O.Ms.NO.84, DATED 16-2-2018 In exercise of the powers conferred by section 128 of the Andhra Pradesh Goods and Services… Read More »

NOTIFICATION G.O.Ms.NO.83, DATED 16-2-2018 : Andhra Pradesh GST

By | February 16, 2018

SECTION 47, READ WITH SECTION 128, OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017  WAIVER OF LATE FEE PAYABLE BY ANY REGISTERED PERSON FOR FAILURE TO FURNISH DETAILS OF OUTWARD SUPPLIES FOR ANY MONTH/QUARTER IN FORM GSTR-1 BY DUE DATE NOTIFICATION G.O.Ms.NO.83, DATED 16-2-2018 In exercise of the powers conferred by section 128 of… Read More »