Daily Archives: May 28, 2018

GST payable on rental premises taken by Hospital on lease : AAR

By | May 28, 2018

whether GST is leviable on the amount of rent paid/payable by them towards leasing of the premises by the hospital or not ? There is no provision available in the Act which allows exemption on an input service if the output service provided by the taxable person is exempt.  [Join GST Online Course by CA… Read More »

TRAN 2 Due Date

By | May 28, 2018

TRAN 2 Due Date Original /Extended Due Date Refer Extended 30 June 2018 Order No 1 /2018  Central Tax :28th March 2018 Original 31st March 2018,  rule 117(4) of the Central Goods and Services Tax Rules, 2017

Transfer Price for GST if Material Transfer within Company

By | May 28, 2018

What will be Transfer Price for GST if Material Transferred within Company Video Tutorial by CA Satbir Singh explaining Transfer Price for GST if Material Transfer within Company [ Join online GST Course by CA Satbir Singh ] What are the valuation rules unde GST for material transfer within company from separate GST number. i.e. Company wants to transfer… Read More »

Income Tax Challan Correction Mechanism

By | May 28, 2018

Income Tax Challan Correction Mechanism Under OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments received from the deductors / taxpayers are digitized on daily basis by the collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct… Read More »

How to Check Income Tax Challan Status online

By | May 28, 2018

Check Income Tax Challan Status online You can check  Check Income Tax Challan Status online Link to check  Check Income Tax Challan Status online Click here  Challan Status Enquiry for Tax Payers Using this feature, tax payers can track online the status of their challans deposited in banks.This offers two kind of search. a) CIN… Read More »

How to respond to Income Tax notices of High Value Cash Transaction on incometaxIndiaefiling.gov.in 

By | May 28, 2018

Respond to the notices related to High Value Cash Transaction Perform the following steps to reply on such notice: Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 Go to the ‘Compliance’ menu located at upper-right side of the page ⇒ Click ‘Accounts with Cash Transaction’ Step 3 List of Bank Accounts with be displayed on the screen, Click ‘Submit’ to provide the response… Read More »

Income Tax Challan FAQs

By | May 28, 2018

Income Tax Challan FAQs General FAQs on Income Tax Challan What are the new challans for the payment of Direct Taxes / Income Tax ? The following new single copy challans have been introduced with effect from July 2005. Sl. No. (1) Challan No. Description Type Of Payment 1. ITNS 280 For payment of Income… Read More »

How to Pay Income Tax online

By | May 28, 2018

How to Pay Income Tax online Here  are the steps to pay Income Tax online Step-1 : Pay Income Tax online To pay taxes online, login to http://www.tin-nsdl.com > Services > e-payment : Pay Taxes Online or click here on the tab “e-pay taxes” provided on the said website. Provide proper link of e-payment Step-2 : Pay Income Tax… Read More »

How to Add CA and File Tax Audit Reports on IncomeTaxIndiaEfiling

By | May 28, 2018

How to Add CA and File Tax Audit Reports on IncomeTaxIndiaEfiling The procedure in brief is mentioned here: PART 1: Add CA- Action by Assessee  To enable the CA, to upload the applicable forms on the assessee’ behalf, the assessee need to first ‘ADD CA’ from his account. Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 Go… Read More »

How to Download Form 16A (TDS Certificate) from Traces

By | May 28, 2018

How to Download Form 16A from Traces Complete guide on downloading Form 16A by Deductor of tax  from traces website of income tax department. This is the form for issuing TDS certificate for  other than salary.  In case of TDS deducted on salary form No 16 has to be issued for which you can refer How… Read More »

How to View Certificate of Appreciation on IncomeTaxIndiaEfiling

By | May 28, 2018

How to View Certificate of Appreciation on IncomeTaxIndiaEfiling Website From AY 2016-17, ITD have started issuing certificate of appreciation for eligible taxpayers who have cleared their entire liability, have no outstanding tax liabilities and had filed their returns electronically in the prescribed time. Perform the following steps to view the certificate of appreciation Step 1… Read More »

How to Download TDS Certificate Form 16 from Traces

By | May 28, 2018

How to Download TDS Certificate Form 16  from Traces Here is the Complete guide on How to Download TDS Certificate Form 16 from Traces by the person who has deducted the TDS (deductor) under Income Tax Act  from salary. This certificate will be issued to the person whose TDS has been deducted .If TDS certificates are… Read More »

How to request for condonation of Delay in submitting ITR V/ Verification

By | May 28, 2018

Request for Condonation of Delay in Submitting ITR V or Verification You can provide the reason for delay in submission of ITR-V or e-Verification.In addition, you will be given an option to e-verify the return after 120 days by giving reasons for delay. Perform the following steps to request for intimation: Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in… Read More »

How to View and Respond to Outstanding Tax Demand of Income Tax

By | May 28, 2018

View and Respond to an Outstanding Tax Demand Outstanding tax demand arises when taxpayer’s tax as per Income Tax Return is less than the tax payable as per Income Tax Department. ITD sends the intimation under Section 143(1) asking for outstanding demand along with the calculations, stating the reason why you need to pay more… Read More »

Mizoram Intra State Eway Bill From 01.06.2018: Notification No J.21011/2/2018-TAX/part

By | May 28, 2018

Mizoram Intra State Eway Bill From 01.06.2018 Notification No. J.21011/2/2018-TAX/part, Dated, 28th May, 2018 In exercise of the powers conferred by clause (d) of sub-rule (14) of Rule 138 of the Mizoram Goods and Services Tax Rules, 2017, in supersession of the notification No.J.21011/l/2017-TAX/Vol lII/Pt(iii) (15A/2018 – State Tax) dated the 2nd May, 2018 and… Read More »

How to Manage your Income Tax Profile on Income Tax Efiling Website

By | May 28, 2018

How to Manage your Income Tax Profile on Income Tax Efiling Website Taxpayer can edit the details such as Address, Contact details. For updating the contact details, OTP authentication is required. However, user can view the PAN details, Aadhaar details and jurisdiction. Edit Profile Information Perform the following steps to edit the information associated with… Read More »

How to Link Aadhar with PAN

By | May 28, 2018

 Guide to Link aadhar with PAN to e Verify Income Tax return What is PAN? A Permanent Account Number(PAN) card is a unique 10-character code that is assigned to all tax paying entities in India; issued by the Income Tax Department. A PAN card is necessary for filing Income Tax returns in India. Besides its… Read More »

How to Register on Income Tax Efiling Website

By | May 28, 2018

How to Register on Income Tax Efiling Website Registration helps in creating a user account in the e-Filing portal. Taxpayer needs to register on the e-Filing website to leverage the services such as filing ITR, tax deducted details, refund status and so on. Briefly, taxpayer can track all tax-related activities on this website. Select the… Read More »

Incometaxindiaefiling : Login and Other Functions you can perform

By | May 28, 2018

Incometaxindiaefiling Website Here we have compiled list of Activities that a person ca perform on Incometaxindiaefiling website What is the Official website for Filing Income Tax Returns in India ? Official website for filing Income Tax return in India is  https://www.incometaxindiaefiling.gov.in [  Login to this  e-Filing website of Income Tax Return  in India ] This is the official portal… Read More »

Income Tax Calendar June 2018 : Due Dates

By | May 28, 2018

Income Tax Calendar June 2018 : Due Dates Following is the Income Tax Calendar for June 2018 i.e Due dates for various Returns / Certificate under Income Tax 7 June 2018 –Due date for deposit of Tax deducted/collected for the month of May, 2018. However, all sum deducted/collected by an office of the government shall… Read More »

GST Annual Return : Complete Guide : GSTR 9, 9A, 9B ,9C

By | May 28, 2018

GST Annual Return : Complete Guide Here is the detailed Analysis of GST Annual Return .GSTR 9, GSTR 9A, GSTR 9B ,GSTR 9C Video Tutorial by CA Satbir Singh explaining GST Annual Return Who is required to file GST Annual return Every registered person, other than an Input Service Distributor, a person paying tax under… Read More »

GST Returns : Free study Material

By | May 28, 2018

GST Returns : Free study Material Here is the Free study Material on GST Returns [ Join online GST Course by CA Satbir Singh ] Due Date for GST Return How to Track GST Return Status How to View e-filed GST Returns Change GST return Option from Quarterly to Monthly on GST Portal GST Anuual Return :… Read More »

GST Appeal : Free Study Material

By | May 28, 2018

GST Appeal : Free Study Material we have compiled free study material on GST Appeal. Please click on the following topics to study in detail :- [ Join GST online course by CA Satbir Singh)]   How to File Appeal against GST Demand Order :FAQ and User Manual How to File Appeal against GST Registration… Read More »

Monetary limit fixed for filing Appeal with Commissioner (Appeals) : CBIC Instructions 25.05.2018

By | May 28, 2018

Introduction of monetary limit at the level of Commissioner-Appeals-CBIC fixes Rs 2,50,000/- below which appeal shall not be filed with Commissioner (A) F No 390/Misc/116/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi 25 May 2018 INSTRUCTION To All Principal Chief Commissioners/ Chief Commissioner of Customs/… Read More »