New GST News 18.07.18

By | July 18, 2018

Share this on WhatsApp New GST News 18.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News How to file Appeal against GST Demand Order :FAQ and User Manual GST Amendment Bill  to be introduced in Monsoon Session 2018 of parliament GST Refunds : CBIC to observe Third Refund Fortnight from… Read More »

Rebate allowable under Section 87A of Income Tax w.e.f AY 2018-19

By | July 18, 2018

Share this on WhatsAppRebate allowable under Section 87A of Income Tax Rebate allowable under Section 87A of Income Tax w.e.f AY 2018-19 ( Financial Year 2017-18 onwards) CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 42. Rationalization of rebate allowable under Section 87A. 42.1 Before amendment by the Act, the provisions of section 87A of the Income-tax Act provided… Read More »

CBDT Notification No 31/2018 ask unique number for identification of non-resident, amends advance ruling forms

By | July 17, 2018

Share this on WhatsAppNotification No 31/2018 Summary of Notification No 31/2018 The Central Board of Direct Taxes (CBDT) has released final notification amending Rule 44E of the Income-tax Rules, 1962 and Form 34C, 34D, 34DA as per Base Erosion and Profit Shifting (BEPS) Action 5. The new Forms 34C & 34D seek unique number used for… Read More »

No reassessment without considering assessee’s explanation about cash deposit :GUJARAT HC

By | July 17, 2018

Share this on WhatsAppThe Assessing Officer formed a belief that income chargeable to tax has escaped assessment, on the ground that noticing a big mismatch between the returned income and cash transactions in the assessee’s bank accounts, queries were raised, which remained un-replied. This is contrary to the facts on record. The assessee had also… Read More »

18 new bill to be introduced in Monsoon Session 2018 of parliament

By | July 17, 2018

Share this on WhatsAppMinistry of Parliamentary Affairs Government holds All Party Leaders Meeting ahead of Monsoon Session 2018 of Parliament, beginning tomorrow Shri Narendra Modi expressed confidence that all political parties will cooperate on smooth running of the Parliament during Monsoon Session 2018 People of India want the Parliament to function; Government calls for cooperation… Read More »

Amendments Proposed to Central Motor Vehicles Rules

By | July 17, 2018

Share this on WhatsAppAmendments Proposed to Central Motor Vehicles Rules Video Explanation by CA satbir Singh in Hindi on Amendments Proposed to Central Motor Vehicles Rules Press Information Bureau Government of India Ministry of Road Transport & Highways 17 JUL 2018 2:20PM by PIB Delhi Amendments Proposed to Central Motor Vehicles Rules Ministry of Road Transport… Read More »

Trust Registration deemed to be granted if CIT failed to dispose off sec. 12AA Application within 6 months : BANGALORE ITAT

By | July 17, 2018

Share this on WhatsAppUndisputedly, the trust was created on 01-04-1998 and application was moved on 25-05-1999. There was delay of 1 month 25 days for which assessee has moved an application requesting therein that the delay may be condoned and registration may be granted from the date of its inception. Though the Revenue was required… Read More »

MGT-7 Form version Changed

By | July 17, 2018

Share this on WhatsAppMGT-7 Form version Changed Please be noted that MGT-7 Form version is being changed and will be made available shortly. Request you to check for the latest version before proceeding with the filing. Related Post Fees for Late Filing of Annual ROC Returns to increase to Rs. 100 per day Share this… Read More »

New GST News 17.07.18

By | July 17, 2018

Share this on WhatsAppNew GST News 17.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News GST Refunds : CBIC to observe Third Refund Fortnight from 16th July, 2018 ICAI’s 121 Suggestions on GST Law submitted to Government on 10.07.2018 Govt contractors may have to pay TDS under GST from Oct… Read More »

Evidence under Income Tax : Free study Material

By | July 17, 2018

Share this on WhatsAppEvidence under Income Tax Free Study material on Evidence under Income Tax Act Not necessary to submit Evidence at the time of seizure , can be submitted in Assessment : Bomaby HC Proof to be given to employer for adjustment of House Property Loss from Salary Income   Share this on WhatsApp

Eway Bill Penalty Provision under GST Act

By | July 17, 2018

Share this on WhatsAppEway Bill penalty Provision under GST Act Eway bill is an electronically generated document mandatory, to be carried for movement of goods across India. It is necessary for the movement of goods worth more than Rs. 50,000 with some exceptions [ Read Rule 138 of CGST Rules ]. Eway bill penalty can be imposed by… Read More »

Avoid these Common Mistakes on eway bill portal

By | July 17, 2018

Share this on WhatsAppAvoid these Common Mistakes on e-way bill portal On 1 April 2018, the Government of India successfully rolled out an e-way bill portal for tracking the movement of goods under the Goods and Services Tax (GST). Since its implementation, the e-way bill portal has been working well and no technical glitches have… Read More »

Taxability of Interest on Income Tax Refund

By | July 17, 2018

Share this on WhatsAppTaxability of Interest on Income Tax Refund Question:Whether the Interest on Income Tax Refund is chargeable to tax? if yes under which head ?  The amount received towards statutory interest i.e Interest on Income tax refund  has to be subject to tax under the head ‘Income from Other Sources’. Question :Whether interest… Read More »

GST and Income Tax Calendar July 2018

By | July 17, 2018

Share this on WhatsAppGST and Income Tax Calendar July 2018 7 July 2018 – Due date for deposit of Tax deducted/collected for the month of June, 2018. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid… Read More »

GST Audit Checklist : User Guide on GST Audit

By | July 17, 2018

Share this on WhatsAppGST Audit Checklist we have compiled GST Audit Checklist GST Audit Checklist :Carry forward of Cenvat /VAT Credit : TRAN  Audit Checklist : Auditor should check :- Whether the person have filed TRANS-1 and the said form has carried forward all the accumulated credits appearing as closing balance in the service tax returns/Excise… Read More »

Union Bank of India Internet Banking Form : Download /Print

By | July 16, 2018

Share this on WhatsAppUnion Bank of India Internet Banking Form Union Bank of India Internet Banking Form / APPLICATION FOR UNION e-BANKING [RETAIL/CORPORATE] Union Bank of India Internet Banking Form : Download /Print This form can also be called as Union Bank of India Internet Banking Form , UBI Internet Banking Form ,Download Union Bank of India Internet… Read More »

 Syndicate Bank Internet Banking Services Form : Download/Print

By | July 16, 2018

Share this on WhatsApp Syndicate Bank Internet Banking Services Form Syndicate Bank Internet Banking Services Form Syndicat-e-Banking Application for availing Internet Banking Services (Please read the terms & conditions carefully before filling up this form)  Syndicate Bank Internet Banking Services Form :  Download /Print This form is also called Syndicat-e-Banking form,  Syndicate Bank Internet Banking Services Form… Read More »

GSTR3B Offline Utility : Download

By | July 16, 2018

Share this on WhatsAppGSTR3B Offline Utility : Download GSTR3B Offline Utility The excel based GSTR3B offline utility is designed to help the taxpayer to prepare the GSTR3B return offline. The GSTR3B Offline Utility can be downloaded from this link.Download  Important! Before you extract the downloaded file, ensure that the file is not corrupted. How do… Read More »

Maximum safe axle weight for transport vehicles (other than motor cabs) : Notification No S.O. 3467(E)

By | July 16, 2018

Share this on WhatsAppMaximum safe axle weight for transport vehicles MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 16th July, 2018 S.O. 3467(E).—In exercise of the powers conferred by sub-section (1) of section 58 of the Motor Vehicles Act, 1988 (59 of 1988), and in supersession of the notification of the Government of… Read More »

New GST News 16.07.18

By | July 16, 2018

Share this on WhatsAppNew GST News 16.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Govt contractors may have to pay TDS under GST from Oct 1 ,2018 28th GST Council meeting agenda : Structural changes & simplified procedures No GST on salary by Head Office to liaison office in… Read More »

TAX AUDIT and e-FILING 2018 Book by CA. Kamal Garg

By | July 16, 2018

Share this on WhatsAppTAX AUDIT and e-FILING 2018 Book by CA. Kamal Garg Price Rs 1369 Click to buy online About TAX AUDIT and e-FILING Chapter 1        Tax Audit under section 44AB of the Income Tax Act, 1961 Chapter 2        Clauses 1 to 8 Chapter 3        Clause 9: Details of Firms, LLPs, AOPs Chapter 4        Clause 10: Nature of business or… Read More »

know your jurisdictional AO ( (Income Tax Assessing Officer )

By | July 15, 2018

Share this on WhatsAppknow your jurisdictional AO know your jurisdictional AO (Income Tax Assessing Officer ) by entering PAN and Mobile Number know your jurisdictional AO Click here know your jurisdictional AO (Income Tax Assessing Officer ) ,know your PAN Jurisdiction,know your jurisdictions AO Share this on WhatsApp

Recent Income Tax Judgments – Part 2

By | July 14, 2018

Share this on WhatsAppRecent Income Tax Judgments – Part 2 Recent Income Tax Judgments Exemption to be allowed even if not claimed in Income Tax return : HYDERABAD ITAT Hon’ble Madras High Court, in the case of CIT v. Indian Express (Madurai) (P.) Ltd. [1983]140 ITR 705 at page 722, observed that unlike a law suit in civil appeals, in… Read More »

Recent GST Judgments -Part 2

By | July 14, 2018

Share this on WhatsAppRecent GST Judgments -Part 2 Recent GST Judgments [ Join online GST Course by CA Satbir Singh ] No GST on Bio Fertilizer or Organic Manure if not put up in Unit Container & have no Brand name : RAJASTHAN AAR The goods (Bio Fertilizer or Organic Manure); other than those put… Read More »

Updated GST Notifications

By | July 14, 2018

Share this on WhatsAppUpdated GST Notifications Here are the updated Notifications on GST Acts with Latest Amendments IGST Act Updated Notifications IGST Rates on Goods under Notification No 1/2017 Integrated Tax (Rate) Dated 28th June, 2017 Integrated Tax Rate on Supply of Goods IGST Rates (updated Till date); Exempt Supply of Goods under IGST Act Notification… Read More »

OBC Bank Empanelment of auditor for conducting GST audit

By | July 14, 2018

Share this on WhatsAppOBC Bank Empanelment of auditor for conducting GST audit Appointment of auditor for conducting GST audit of the bank. Last Date for submission is 01.08.2018 Address : Gurgaon, Haryana Download Tender Tender Number: OBC/HO/CAO/RFP/GST/2018-19/01 Date: 11/07/2018 Request for Proposal For Appointment of Auditor for Conducting GST audit of the Bank. Share this… Read More »

UDIN system for CAs for Document Verification

By | July 14, 2018

Share this on WhatsAppUDIN: An Advanced Solution for Document Verification issued by Chartered Accountant Video Explanation by CA Satbir Singh in Hindi on UDIN system for CAs for Document Verification What is Unique Document Identification Number (UDIN)? Unique Document Identification Number (UDIN) is a unique number, which will be generated by the system for every document… Read More »

CA Final/ CPT Results (May/ June 2018) Result on 20 July 2018

By | July 14, 2018

Share this on WhatsAppCA Final/ CPT Results (May/ June 2018) Result on 20 July 2018 Result of the Chartered Accountants Final Examination, Foundation Examination and Common Proficiency Test (CPT) held in May/June, 2018 are likely to be declared on Friday, the 20th July 2018 – (14-07-2018) Click here    Share this on WhatsApp

New GST News 14.07.18

By | July 14, 2018

Share this on WhatsAppNew GST News 14.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News 28th GST Council meeting agenda : Structural changes & simplified procedures No GST on salary by Head Office to liaison office in India : RAJASTHAN AAR Cold storage services of agricultural produce is exempt from… Read More »

New Income Tax News 14.07.2018

By | July 14, 2018

Share this on WhatsAppNew Income Tax News 14.07.2018 New Income Tax News New Income Tax News e-TDS/TCS Return Preparation Utility Ver. 2.3 : Download Tax Audit Manual : CA Guide to Tax Audit under Income Tax : July 2018 Book Taxmann No Penalty for Cash Loan Taken from Wife by Husband : ITAT Delhi Son… Read More »

Significant Economic Presence of non-resident in India : CBDT asks suggestions

By | July 13, 2018

Share this on WhatsAppSignificant Economic Presence The CBDT has asked for the suggestions from the stakeholders and general public on the threshold limit which will establish the Significant Economic Presence (SEP) of foreign entities in India. The suggestions have been sought on three threshold limits – for transaction in physical goods, for transaction in digital… Read More »