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Prohibiting payment of monetary benefits to doctors :CBDT Circular applicable from AY 2013-14

By | January 8, 2018

Issue A.O. disallowed the payment of commission made by the assessee to the above said two doctors namely (i) Dr. Ramanbhai S. Patel Rs.17,52,130/- and (ii) Dr. Ratilal G. Patel Rs.23,87,001/- totaling to Rs.41,39,131/- and added to the total income u/s. 37(1) of the Act. Held Receiving of gifts by doctors was prohibited by MCI… Read More »

7.75% Savings (Taxable) Bonds 2018 : Notification : Download

By | January 5, 2018

7.75% Savings (Taxable) Bonds 2018 7.75% Savings (Taxable) Bonds 2018 notified on 03.01.2018 by Notification No S.O.44(E) MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd January, 2018 7.75% Savings (Taxable) Bonds 2018 S.O.44(E).— The Government of India, hereby notifies the issue of 7.75% Savings (Taxable) Bonds, 2018 (“the Bonds”) from January… Read More »

FRDI Bill of India : what will happen to Bank Deposit in case of failures of Banks : Key Features

By | January 3, 2018

Ministry of Finance Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 seeks to protect and enhance the depositors’ existing rights and bring in a comprehensive and efficient resolution regime for financial firms. Posted On: 02 JAN 2018 4:07PM by PIB Delhi Rationale for the Financial Resolution and Deposit Insurance Bill, 2017 There is no comprehensive and… Read More »

Notification No 72/2017 Central Tax : GSTR-1 due date extended if turnover above Rs 1.5 crore

By | December 29, 2017

Notification No 72/2017 Central Tax Extends the due dates for monthly furnishing of FORM GSTR-1 for taxpayers with aggregate turnover of more than Rs.1.5 crores vide Notification No 72/2017 Central Tax Dated 29th December, 2017 [ Also read :Clarifications for Filing of returns under GST vide Circular No 26/26/2017 GST Dated 29th December , 2017 ] [To be published… Read More »

Subsidy scheme incentive for Multiplex Theatre held as Capital receipts : Supreme Court

By | December 26, 2017

Held The subsidy scheme in the West Bengal case is similar to the scheme in the Maharashtra case being to encourage development of Multiplex Theatre Complexes which are capital intensive in nature, and since the subsidy scheme in that case is also similar to the Maharashtra cases, in that the amount of entertainment tax collected… Read More »

Schedule III of Meghalaya GST Act 2017 : Activities or transactions which shall be treated neither as a supply of goods nor a supply of services

By | December 24, 2017

Schedule III of Meghalaya GST Act 2017 ( Schedule III of Meghalaya GST Act 2017 explains Activities or transactions which shall be treated neither as a supply of goods nor a supply of services  ) SCHEDULE III [Section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES 1. Services… Read More »

First Lessons in Accounting Standards with Ready Referencer : CA Final May 2018 Exam [Old Syllabus] by M P Vijay Kumar  2017 Snow White Publication’s

By | December 18, 2017

Snow White Publication’s First Lessons in Accounting Standards with Ready Referencer for CA Final May 2018 Exam [Old Syllabus] by M P Vijay Kumar Paperback – 2017 by M P Vijay Kumar (Author) Product description Applicable for CA Final – Old Syllabus Exam Price Rs 963 Click to buy online Publisher: Snow White Publication (2017) Other CA Final Books

Students’ Guide to Accounting Standards (CA/CMA Final : May/June 2018 Exams-Old Syllabus) Paperback – 2017-Dr. D.S. Rawat 

By | December 18, 2017

Students’ Guide to Accounting Standards (CA/CMA Final) (For May/June 2018 Exams-Old Syllabus) Paperback – 2017 by Dr. D.S. Rawat (Author) Product description Also Incorporating : As Comparison with Ind AS, 340 Problems with Solutions, 260 Unsolved Problems with Answers****For May/June 2018 Exams (Old Syllabus)****With Solved Question Papers of CA [Final]-Financial Reporting [From Nov. 2015 to Nov. 2017] Price Rs… Read More »

Students’ Guide to Financial Reporting (CA-Final : for May 2018 Exams- New Syllabus) Paperback – 2017-by Dr. D.S. Rawat (Author)

By | December 18, 2017

Students’ Guide to Financial Reporting (CA-Final)(for May 2018 Exams-As Per New Syllabus) Paperback – 2017 by Dr. D.S. Rawat (Author) Product description Incorporating : All 40 Ind ASs and 6 existing ASs are covered, Corporate Restructuring with Problems & Solutions, Emerging Trends in Accounting****for May 2018 Exams Price Rs 1015 Click to buy online Paperback: 980 pages Publisher: Taxmann; November 2017… Read More »

Scanner-Advanced Auditing & Professional Ethics (CA-Final: May 2018 Exams-New Syllabus) Paperback – 2017-by CA Pankaj Garg (Author)

By | December 18, 2017

Scanner-Advanced Auditing & Professional Ethics (CA-Final)(May 2018 Exams-New Syllabus) Paperback – 2017 by CA Pankaj Garg (Author) Product description for May 2018 Exams- New Syllabus Price Rs 425 Click to buy online Paperback: 352 pages Publisher: Taxmann; December 2017 Edition edition (2017) Other CA Final Books

Advanced Auditing & Professional Ethics (CA-Final) (for May 2018 Exam-New Syllabus)Paperback – 2017-by CA Pankaj Garg (Author)

By | December 18, 2017

Advanced Auditing & Professional Ethics (CA-Final) (for May 2018 Exam-New Syllabus)Paperback – 2017 by CA Pankaj Garg (Author) Product description Incorporating : Approx. 850 Questions and Case Studies along with answers, All Exam questions from Nov. 2008 to Nov. 2017, Pint wise answers for easy learning, Marks distribution of each Chapters of past exams*****May 2018 Exam- New Syllabus… Read More »

Corporate & Other Laws (CA-Intermediate)(May 2018 Exams) – 2017- Tejpal Sheth  

By | December 18, 2017

Corporate & Other Laws (CA-Intermediate)(For May 2018 Exams) Paperback – 2017 by Tejpal Sheth  (Author) Product description Tabular and Simplified Theory,Fully solved theoretical and practical questions of past 20 exams, Numerous landmark judgments and examples****For May 2018 Exams****As per new syllabus Price Rs 470. Click to buy online Paperback: 552 pages Publisher: Taxmann; November 2017 Edition edition (2017) Other CA Inter… Read More »

GST FAQ on 10.12.2017 by Govt Tweeter Account

By | December 11, 2017

GST FAQ on 10.12.2017 by Govt Tweeter Account 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  GST Judgments GST Judgments GST Press Release GST Press Release… Read More »

Section 161 of Manipur GST Act 2017 : Rectification of errors apparent from record

By | December 10, 2017

Section 161 of Manipur GST Act 2017 ( Section 161 of Manipur GST Act 2017 explains Rectification of errors apparent from record and is covered in Chapter XXI : MISCELLANEOUS PROVISIONS ) Rectification of errors apparent from record 161. Without prejudice to the provisions of section 160, and notwithstanding anything contained in any other provisions of this Act, any authority,… Read More »

GST Manual with GST Tariff (updated 16.11.2017) : Snow White’s: CA. Vineet Sodhani & CA. Deepshikha Sodhani 

By | December 7, 2017

Snow White’s GST Manual with GST Tariff by CA. Vineet Sodhani & CA. Deepshikha Sodhani Paperback – 2017 by CA. Vineet Sodhani (Author),‎ CA. Deepshikha Sodhani (Author) Product description November 2017 Edition Price Rs 1700 Click to buy online Publisher: Snow White Publication (2017) Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules… Read More »

GST Levy on sale of Old Car

By | December 5, 2017

Company wants to sell its old Car. What is GST implication and to be applied at what price? Any changes if given to dealer of new car in exchange offer? Answer: It is treated as supply and applicable GST is payable on the value realised. GST FAQ by Govt Twitter account  02.12.2017   Related Topic… Read More »

When Pension Income is not Taxable under Income Tax Act ?

By | December 4, 2017

When Pension Income is not Taxable under Income Tax Act ? In following cases Pension income is exempt : i) Pension received by an individual who has been in the service of the Central Government or State Government and has been awarded “Param Vir Chakra” or “Maha Vir Chakra” or “Vir Chakra” or such other… Read More »

Rule 2BBA Income Tax Rules 1962 : Circumstances and conditions for Section 10(19) Income Tax

By | December 3, 2017

Rule 2BBA Income Tax Rules 1962 [Rule 2BBA Income Tax Rules 1962  Inserted by the Income T ax (Fourth Amendment.) Rules, 2005, w.e.f. 9-2-2005 and explains Circumstances and conditions for the purposes of clause (19) of section 10. ] Circumstances and conditions for the purposes of clause (19) of section 10. 2BBA. (1) For the purposes of… Read More »

Form 49B Income Tax : Download : Application for allotment of TAN

By | December 1, 2017

Form 49B Form of application for allotment of Tax Deduction and Collection Account Number under section 203A of the Income-tax Act, 1961 Download Form 49B Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax Office Memorandum Income Tax Judgments Income Tax FAQ Income Tax Video… Read More »

Form 15H Income Tax : Download : Declaration under section 197A(1C) if Age 60 years or more

By | November 28, 2017

Form 15H Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes without deduction of tax Download form 15H Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax Office Memorandum Income… Read More »

Income Tax Act 1961

By | November 27, 2017

Income Tax Act 1961 ( Compilation of  important Sections ) Section  6 : Residence in India. Section 17 : Salary, perquisite and profits in lieu of salary Section 24 : Deductions from income from house property Section 44AA : Maintenance of accounts by certain persons carrying on profession or business. Section 57 : Deductions Section 89… Read More »

GSTR 5A Due Dates : Notification wise & Month wise

By | November 24, 2017

GSTR 5A Due Date Details of supplies of online information and database access or retrieval services by a person located outside India made to non-taxable persons in India [ Rule 64 of CGST Rules 2017] Month Original /Extended Due Date Condition Reference March 2018 Original 20th April  2018 Rule 64 of CGST Rules 2017 February 2018… Read More »

Insolvency & Bankruptcy Code Ready Reckoner 2017-by CA. Kamal Garg

By | November 18, 2017

INSOLVENCY & BANKRUPTCY CODE READY RECKONER Paperback – 2017 by CA. Kamal Garg (Author, Narrator),‎ INSOLVENCY & BANKRUPTCY CODE READY RECKONER (Translator) Product description Division 1 Process Guide for Interim Resolution Professional Chapter 1 Introduction Chapter 2 Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) – Ready Reckoner Chapter 3 Timelines in Corporate Insolvency Resolution Process… Read More »

Bharat’s Corporate & Other Laws : CA Inter [IPCC] May 2018 Exam by CS. Amit Vohra, CS Rachit Dhingra

By | November 18, 2017

Bharat’s Corporate & Other Laws for CA Inter [IPCC] May 2018 Exam by CS. Amit Vohra, CS Rachit Dhingra [New Syllabus] Paperback – 2017 by CS Rachit Dhingra CS. Amit Vohra (Author) Product description Applicable for CA Inter May 2018 Exam [New Syllabus] Price Rs 535 Click to buy online Publisher: Bharat Law House (2017)

Civil Court Practice and Procedure Book 2017-by Y.P. Bhagat 

By | November 18, 2017

Civil Court Practice and Procedure Hardcover– 2017 by Y.P. Bhagat (Author) Product description Chapter I: Civil Courts And Its Territorial Jurisdiction * chapter Ii: Suits Triable By Civil Court Under Other Laws * chapter Iii: Pleadings And Suits* chapter Iv: Principles Of Good Drafting Of Documents* chapter V: The Pleadings * chapter Vi: Some Suits Of Special Nature… Read More »

Guidance Notes & FAQ On Real Estate (Regulation & Development) Act, 2016Kindle Edition-by Dr. Sanjeev Kumar (Author)

By | November 18, 2017

Guidance Notes & Frequently Asked Questions On Real Estate (Regulation & Development) Act, 2016Kindle Edition by Dr. Sanjeev Kumar (Author) Product Description The Real Estate (Regulation and Development)Bill was passed by the RajyaSabha on 10th March, 2016 and the LokSabha on 15th March, 2016. The Bill as passed by the Parliament was assented to by the Hon’ble… Read More »

Filing of manual ITR without Aadhaar number rejected by Madaras High Court

By | November 10, 2017

Held In the case of Binoy Viswam, it would clearly show that the Hon’ble Supreme Court has not stayed the Proviso to Sub-Section (2) of Section 139AA of the Act and the partial stay would be applicable only to facilitate the other transactions, which are mentioned in Rule 114B of the Rules, which pertains to transactions, in… Read More »

GST Book : Paper 4 : Taxation :CA Inter May 2018 Exams : CA Raj K Agrawal & CA Shivangi Agrawal 

By | November 9, 2017

GST – Paper 4 : Taxation (Section B – 1 : Indirect Taxes)(CA-Intermediate) (For May 2018 Exams) Paperback – 2017 by CA Raj K Agrawal & CA Shivangi Agrawal (Author, Contributor) Product description Self explanatory notes with charts Solved problems and illustrations MCQs for May 2018 Exam Paper 4: Taxation Section B-1 : Indirect Taxes Price Rs 295 Click… Read More »

Students’ Guide to Accounting Standards (CA-IPC May 2018 Exams): Dr. D.S Rawat 

By | November 9, 2017

Students’ Guide to Accounting Standards (CA-IPC)  (May 2018 Exams) Paperback – 2017 by Dr. D.S Rawat (Author) Product description As Per New Syllabus May 2018 Exams Price Rs 375 Click to buy online Paperback: 416 pages Publisher: Taxmann; October 2017 Edition edition (2017) View Contents of this Book :Students’ Guide to Accounting Standards Related Books of CA Inter Exam/ CA IPC… Read More »

CA Inter New Syllabus Book : Enterprise Information Systems & Strategic Management: Oct 2017-by Padhuka (Author)

By | November 8, 2017

Students’ Guide for Enterprise Information   Systems & Strategic Management: For CA Inter New Syllabus – Oct 2017 by Padhuka (Author) Latest Syllabus – Full Coverage in all Topics. Refreshing Point-by-Point Style Discussion. Detailed Coverage of Flowcharts and Decision Tables. Exam Oriented Presentation of Concepts. Quick Referencer for Important Terms and Abbreviations. Fast Track Referencer for Quick Revision. Chapter… Read More »

Country-by-Country reporting : CBDT notifies rules

By | November 1, 2017

CBDT notifies rules in respect of Country-by-Country reporting and furnishing of Master File In keeping with India’s commitment to implement the recommendations of 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country Reporting”, identified under the OECD Base Erosion and Profit Shifting (BEPS) Project, section 286 of the Income-tax Act, 1961 (‘the Act’) was… Read More »

Tax Audit date Extension till 07.11.2017 for AY 2017-18 : CBDT Order

By | November 1, 2017

Tax Audit date Extension till 07.11.2017 : CBDT Order F.No 225/270/2017/ITA.II Dated 31st October 2017 CBDT further extends the due date for filing Income Tax Returns and reports of Audit for AY 2017-18 from 31st October 2017 to 7th November 2017. CBDT Order for Tax Audit date Extension for FY 2016-17   Download TaxHeal Mobile… Read More »

GPF Interest Rate 7.8% w.e.f 01.10.2017 to 31.12.2017

By | October 25, 2017

General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% w.e.f. 1st October, 2017 to 31st December, 2017.  The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest… Read More »

USA IRS : RR-2017-21: Applicable Federal Rates

By | October 19, 2017

Revenue Ruling 2017-21 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382, 412,… Read More »