Daily Archives: October 5, 2018

Refund of Double Payment by ECR to employers : EPFO

By | October 5, 2018

Refund of Double Payment by ECR : EPFO HO No. Bkg. 1(34)2017/Bank Commn./UBI/157 dated 05/10/2018 Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaji Cama Place, New Delhi – 110066 No. Bkg.1 (34) 2017/Bank Commn./UBI/157 Date: 05/10/2018 o All Addl. CPFCs, Zones. All RPFCs In… Read More »

Electronic Trading Platforms (Reserve Bank) Directions 2018

By | October 5, 2018

The Electronic Trading Platforms (Reserve Bank) Directions, 2018 RBI/2018-2019/55 FMRD.FMID.07/14.03.027/2018-19 October 05, 2018 To All operators of Electronic Trading Platforms Dear Sir/Madam The Electronic Trading Platforms (Reserve Bank) Directions, 2018 Please refer to Paragraph 9 of the Statement on Developmental and Regulatory Policies, Reserve Bank of India issued as part of the Fourth Bi-monthly Monetary Policy Statement… Read More »

Category: RBI

Checklist for filing GST Annual Return

By | October 5, 2018

Checklist for filing 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 section 51 of CGST Act 2017  or section 52  of CGST Act 2017, a casual taxable person and a non-resident taxable person, shall furnish an annual return for… Read More »

Category: GST

Tips & Tricks To Pass Microsoft SQL Certifications 2012, 2014, 206 Certifications

By | October 5, 2018

Tips & Tricks To Pass Microsoft SQL Certifications 2012, 2014, 206 Certifications Microsoft SQL certifications are considered to be a credential on the professional level of handling and demonstrating the skills related to the Microsoft’s RDBMS and SQL Server. To get hold of the certification, an individual must qualify in the exam held after their… Read More »

Circular No. 1067/6/2018-CX : Online filing of GST Refund claims by eligible units under Budgetary Support Scheme

By | October 5, 2018

Circular No. 1067/6/2018-CX Circular No. 1067/6/2018-CX dated 5th October, 2018 reg. Online registration and online filing of claims by eligible units under Scheme of Budgetary Support No Claim for the quarter ending sep 2018 onwards shall be allowed to be filed manually. Download Circular Circular No. 1067/6/2018-CX Refer User Manual for GST Budgetary Support Scheme for… Read More »

Category: GST

Circular No 68/42/2018 GST : Refund of Compensation Cess to UN Entities

By | October 5, 2018

Circular No 68/42/2018 GST Notifications issued under CGST Act, 2017 applicable to Goods and Services Tax (Compensation to States) Act, 2017 Video lecture by CA Satbir Singh explaining the provisions of Circular No 68/42/2018 GST Read Circular No 68/42/2018 GST F. No. 354/360/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit Room… Read More »

Interest received U/s.28 of Land Acquisition Act not taxable : ITAT

By | October 5, 2018

In case the interest is received under section 28 of the Land Acquisition Act, then same is not taxable in the hands of the assessee and in case, the interest is received under section 34 of the Land Acquisition Act, the same is taxable in the hands of the assessee. IN THE ITAT PUNE BENCH… Read More »

USA IRS : Tax preparers should look out for these signs that a criminal stole information

By | October 5, 2018

Tax preparers should look out for these signs that a criminal stole information   Tax professionals should be alert to the subtle signs of data theft. The IRS and its Security Summit partners note that there are many cases where preparers are victims of theft and don’t even know it. Cybercriminals often leave very few signs of… Read More »

USA IRS : Tips for tax preparers on how to create a data security plan

By | October 5, 2018

Tips for tax preparers on how to create a data security plan   The IRS reminds tax preparers that protecting taxpayer information isn’t just good for their clients and good for business – it’s also the law. The Federal Trade Commission’s Safeguards Rule requires that tax preparers create and enact security plans. Although the IRS and its… Read More »

USA IRS : Organizations seeking volunteers to help taxpayers

By | October 5, 2018

Organizations across the country seeking volunteers to help taxpayers The IRS and its community partners are seeking people across the country to become volunteers certified by the IRS on their sites for free tax preparation. Volunteers can begin now to join one of these programs that offer valuable taxpayers US aid. Voluntary Assistance Program Taxpayers (VITA acronym in English): VITA… Read More »

USA IRS : Victims of natural disasters can visit IRS.gov for useful resources

By | October 5, 2018

Victims of natural disasters can visit IRS.gov for useful resources Following a natural disaster, many people have questions about how the situation might affect your taxes. People who experience a disaster, or anyone who knows someone who has suffered from a disaster, visit IRS.gov for information to answer your questions. Here we present a summary… Read More »

USA IRS : New tax credit for employer-paid family and medical leave available for 2018 and 2019

By | October 5, 2018

New tax credit for employer-paid family and medical leave available for 2018 and 2019 IR-2018-191SP, September 24, 2018 WASHINGTON – The Internal Revenue Service announced today that eligible employers who provide paid family and medical leave to their employees can qualify for a new commercial credit for tax years 2018 and 2019. In addition, eligible… Read More »

USA IRS : IRS Refunds Employer 2018 by employees in 2017 removals are generally tax-free

By | October 5, 2018

IRS Refunds Employer 2018 by employees in 2017 removals are generally tax-free WASHINGTON – The employer payments or reimbursements in 2018 for employee moving expenses incurred before 2018 are excluded from the employee’s wages for wage and tax purposes, today announced the Internal Revenue Service. Law Jobs and Tax Reduction (TCJA) 2017 suspended the income… Read More »

USA IRS : Taxpayers can connect to the IRS via IRS2Go application for mobile phones

By | October 5, 2018

Taxpayers can connect to the IRS via IRS2Go application for mobile phones Those taxpayers who need tax help can simply take your cell phone and download the mobile application, IRS2Go which is free and available for use with any iOS or Android system. Taxpayers can use IRS2Go for: Check the status of your refund. Taxpayers can check the… Read More »

USA IRS : Data that help taxpayers understand personal savings plans for retirement (IRA)

By | October 5, 2018

Data that help taxpayers understand personal savings plans for retirement (IRA) Personal savings plans for retirement – better known simply as IRAs (English) – are savings plans to provide financial security in retirement. A taxpayer can establish an IRA with: bank or other financial institution life insurance company Investment fund broker Here are some terms and definitions… Read More »

USA IRS : IRS warns of scams related to natural disasters

By | October 5, 2018

IRS warns of scams related to natural disasters IR-2018-188SP, September 18, 2018 WASHINGTON – Following Hurricane Florence, the Internal Revenue Service reminds taxpayers that criminals and fraudsters try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Fraudulent schemes typically start with unsolicited phone, social networks, email or… Read More »

USA IRS : Facts to help taxpayers understand Individual Retirement Arrangements

By | October 5, 2018

Facts to help taxpayers understand Individual Retirement Arrangements Individual Retirement Arrangements – better known simply as IRAs – are accounts into which someone can deposit money to provide financial security when they retire. A taxpayer can set up an IRA with a: bank or other financial institution life insurance company mutual fund stockbroker Here are some terms… Read More »

USA IRS : IRS wants taxpayers know that they have rights when interacting with the agency

By | October 5, 2018

IRS wants taxpayers know that they have rights when interacting with the agency Taxpayers interact with the IRS for many reasons. In all these meetings with the IRS, even if taxpayers simply asked a representative about taxes or respond to a letter from the IRS, taxpayers have fundamental rights. These are described in the Taxpayer… Read More »

GST POINT Helpdesk by ICSI

By | October 5, 2018

GST POINT ICSI’s Initiative towards spreading awareness of GST As you are aware that ICSI has “GST POINT” a call in session to resolve the queries of stakeholders and challenges being faced by them in day to day compliances. The benefit of GST Point can be availed by members, students, working professionals, businessman, other stakeholders… Read More »

Category: GST

Central Excise duty on petrol & diesel reduced by Rs 1.5 per litre w.e.f 5.10.2018 : Notification No 21/2018-Central Excise

By | October 5, 2018

Notification No 21/2018-Central Excise Central Excise duty on petrol and diesel is reduced by Rs 1.5 per litre w.e.f 5.10.2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 21/2018-Central Excise New Delhi, the 4th October, 2018 G.S.R.… Read More »