Category Archives: Home

No Income tax on sale of land if it was declared as an agricultural land in revenue records

By | August 20, 2018

In the present case, admittedly, the land sold by the assessee is situate beyond 8 Kms limit, the land Revenue is collected in the form of Kist in respect of the agricultural land, the land Revenue records shows the land as agricultural land. Thus, all the conditions required for holding the land as agricultural land… Read More »

Center Govt Holiday on account of Id-ul-Zuha (Bakrid) on 22.08.2018

By | August 20, 2018

Ministry of Personnel, Public Grievances & Pensions Change in Holiday on account of Id-ul-Zuha (Bakrid) Central Government Administrative Offices located at Delhi/New Delhi to remain closed on 22.08.2018 Posted On: 20 AUG 2018 1:33PM by PIB Delhi  On the basis of the report of  Ruiyat Hilal (moon deciding Committee) headed by Shahi Imam, Jama Masjid,… Read More »

How to reply notice for mismatch in GST RETURN ?

By | August 20, 2018

Notice for mismatch in GST RETURN GST officers have started issuing notice for mismatch in GST returns and discrepancy in GST returns Mismatch in GST RETURN Taxable persons  would have started getting notices from GST department officer seeking explanation for the discrepancies observed in GST returns after making scrutiny of returns. Normally department is seeking… Read More »

How to Set off and Carry Forward Loss under Income Tax [ FA 2018]

By | August 20, 2018

SET OFF AND CARRY FORWARD OF LOSS UNDER THE INCOME-TAX ACT [As amended by Finance Act, 2018] Loss from exempted source of income cannot be adjusted against taxable income If income from a particular source is exempt from tax, then loss from such source cannot be set off against any other income which is chargeable to… Read More »

CBDT to revise Form No 13 for applying Lower deduction of Income Tax /TDS :Draft notification

By | August 17, 2018

F.No.370142/10/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated the 17th August, 2018 Subject: Draft notification proposing an amendment of the Income-tax Rules, 1962 for making the process of issue of certificate for no deduction, lower deduction and collection of tax electronic – reg.… Read More »

How to File GST Appeal with Commissioner (Appeal)

By | August 17, 2018

How to File GST Appeal with CIT (Appeal) GST Appeal Can be Filed with  Appellate Authority : First appeal before ‘Appellate Authority’.Appellate Authority will be departmental officer. ( Commissioner (appeals) . As per Section 2(8) of CGST Act 2017 “Appellate Authority” means an authority appointed or authorised to hear appeals as referred to in section 107… Read More »

Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Amendment Act 2018 : Download /Print

By | August 17, 2018

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 17th August, 2018/Shravana 26, 1940 (Saka) The following Act of Parliament received the assent of the President on the 17th August, 2018, and is hereby published for general information:— THE SCHEDULED CASTES AND THE SCHEDULED TRIBES (PREVENTION OF ATROCITIES) AMENDMENT ACT, 2018 NO. 27 OF… Read More »

[Video] Sukanya Samriddhi Account Scheme : सुकन्या समृद्धि खाता योजना

By | August 14, 2018

Sukanya Samriddhi Account Scheme Sukanya Samriddhi Account Scheme is been notified by Ministry of Finance vide Notification No. G.S.R.863(E) Dated 02.12.2014. Scheme become operational by notification of rules namely ‘Sukanya Samriddhi Account Rules, 2014’. These Rules were subsequently amended vide Notification No.G.S.R.323(E) dated-18.03.2016 by which government has notified ‘Sukanya Samriddhi Account Rules, 2016’.  These Rules were  further  amended vide Notification No.G.S.R.617(E)… Read More »

Homoeopathy Central Council (Amendment) Act 2018 : Download /print

By | August 13, 2018

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 13th August, 2018/Shravana 22, 1940 (Saka) The following Act of Parliament received the assent of the President on the 13th August, 2018, and is hereby published for general information:— THE HOMOEOPATHY CENTRAL COUNCIL (AMENDMENT) ACT, 2018 NO. 23 OF 2018 [13th August, 2018.] An Act further… Read More »

GST Audit Checklist : User Guide on GST Audit

By | August 13, 2018

GST Audit Checklist we have compiled GST Audit Checklist GST Audit Checklist : Invoice HSN Codes HSN code would be required to be mentioned in the Tax Invoices to be issued in the new financial year 2018-2019 in the manner stated below – Refer notification no. 12/2017-CT dated 28.06.2017 Taxpayers with turnover of upto Rs.1.5 crore may… Read More »

How to Save Income Tax on Capital Gains by Bond Investment : Section 54EC Income Tax

By | August 10, 2018

How to Save Income Tax on Capital Gains by Bond Investment Video Explanation by CA Satbir Singh on how to Save Income Tax on Capital Gains by Bond Investment Sale of Building by Mr Raj is as Follow Date of Sales 01.04.2018 and Sale Consideration received is  Rs 1.00 Crore Cost of Acquisition on 01.06.2008 (FY 2008-09)… Read More »

Seva Bhoj Yojna for GST Refund started from 01.08.2018

By | August 2, 2018

Seva Bhoj Yojna for GST Refund started from 01.08.2018 Ministry of Culture Government launches the scheme ‘Seva Bhoj Yojna’, beginning today. Scheme seeks to reimburse Central Share of CGST and IGST on Food/Prasad/Langar/Bhandara offered by Religious/ Charitable  Institutions Posted On: 01 AUG 2018 7:15PM by PIB Delhi The Ministry of Culture, Government of India has… Read More »

Indian Money in Swiss Bank : Govt press Release

By | July 24, 2018

Ministry of Finance Indian Money in Swiss Bank Posted On: 24 JUL 2018 4:00PM by PIB Delhi Swiss authorities have shared the following information regarding the Swiss National Bank (SNB) figures quoted in the media “The figures published by the SNB are regularly mentioned in the Indian media as a reliable indicator of the amount… Read More »

Notification No 33/2018 : Tax Audit Report Form 3CD Amended by CBDT

By | July 24, 2018

Notification No 33/2018 Dated 20.07.2018 Summary of Notification No 33/2018 : Tax Audit Report Form 3CD Amended The Central Board of Direct Taxes (CBDT) has revised the Form no. 3CD. Various changes have been made in the form such as reporting of gifts chargeable to tax, particulars of payment in amount exceeding limit specified in… Read More »

List of Income Tax benefits available to Salaried Persons AY 2018-19

By | July 23, 2018

List of Income Tax benefits available to Salaried Persons List of Income Tax benefits available to Salaried Persons  [AY 2018-19] S. N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt: a) Actual HRA Received b) 40% of Salary (50%, if house situated in Mumbai,… Read More »

28th GST Council Meeting Key takeaway

By | July 22, 2018

28th GST Council Meeting Key takeaway The GST Council in its 28thmeeting held here today has recommended certain amendments in the CGST Act, IGST Act, UTGST Act and the GST (Compensation to States) Act.These amendments will now be placed before the Parliament and the legislature of State and Union territories with legislatures for carrying out… Read More »

28th GST Council Meeting : Decisions on 21.07.2018

By | July 21, 2018

28th GST Council Meeting 28th GST Council Meeting covened through Video Conferencing on 21st July 2018 (Saturday) .The Union Minister of Railways, Coal, Finance and Corporate Affairs, Shri PiyushGoyal  chaired the 28th GST Council Meeting. Decisions in 28th GST Council Meeting 28th GST Council Meeting Rate Reduction on Certain Goods 28th GST Council Meeting decisions on… Read More »

GSTR3B Offline Utility : Download

By | July 16, 2018

GSTR3B 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 I know that… Read More »

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

By | July 16, 2018

Maximum 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 India in the… Read More »

New GST News 16.07.18

By | July 16, 2018

New 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 India : RAJASTHAN… Read More »

CBDT Circular No 3/2018 threshold limit for filing of appeal before ITAT, High Courts & Supreme Court : Download/ Print

By | July 12, 2018

CBDT raises threshold limit for filing of appeal before ITAT, High Courts and Supreme Court CBDT Circular No 3/2018 Summary of CBDT Circular No 3/2018 With a motive to reduce the litigation on Income-tax matters the CBDT Circular No 3/2018 has sharply increased the threshold limit for filing of appeal before judicial authorities. The revised limit… Read More »

ICSI GST Newsletter June 2018

By | July 10, 2018

ICSI GST Newsletter June, 2018 Download ICSI GST Newsletter June 2018 : Click here  ICSI GST Newsletter May 2018 Related Post ICAI GST Newsletter ICAI GST E-Newsletter – May 2018 ICAI GST E-Newsletter -April, 2018  ICAI GST E-Newsletter –March 2018 ICAI GST E-Newsletter – Febraury 2018 ICAI GST E-Newsletter-January 2018 ICAI GST E-newsletter – December 2017… Read More »

HDFC Bank Customer Care Number / Helpline Number

By | July 10, 2018

HDFC Bank Customer Care Number / Helpline Number HDFC Bank Customer Care Number / Helpline Number Call HDFC Bank Customer Care Number Resident Customers HDFC Bank Customer Care Number HDFC Bank Toll free number is 18002583838. This service available from 8 am to 8 pm on all days Click here for Phone Numbers of Any other City… Read More »

SBI Bank Branches IFSC Codes (Old & New) after Merger

By | July 10, 2018

SBI Bank Branches IFSC Codes Download SBI Bank Branches IFSC Codes after merger LIST OF BRANCHES RATIONALISED New IFSC Code of SBI Bank Branches,  NEW IFSC Code of State bank of India Branches, Download New IFSC Code of SBI Bank Branches   Also visit SBI Website Click here  Related post SBI Internet Banking Form : Download /Print SBI Bank ATM… Read More »

Kotak Mahindra Bank Demand Draft Form / Fund Transfer Form : Download/ Print

By | July 10, 2018

Kotak Mahindra Bank Demand Draft Form / Fund Transfer Form Kotak Mahindra Bank Demand Draft Form / Fund Transfer Form Kotak Mahindra Bank Demand Draft Form / Fund Transfer Form Download This forms is also called Kotak Mahindra Bank Demand Draft Form , Kotak Mahindra Bank Fund Transfer Form ,Kotak Mahindra DD Form, Kotak Mahindra Fund transfer… Read More »

How to check Export Ledger on GST Portal

By | July 10, 2018

How to check Export Ledger on GST Portal Taxpayers guide on accessing the Export Ledger on the GST Portal, visit Track Refund Status 1. Can I track the status of my Refund Application? Yes, you can track the status by using the Services > Refunds > Track Application Status service from the GST Portal. 2. Can I track… Read More »

Sukanya Samriddhi Accounts Benefits and Features

By | July 9, 2018

Sukanya Samriddhi Accounts Benefits and Features Sukanya Samriddhi Accounts Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained ​​Rate of interest 8.1% Per Annum(with effect from​ 1-01​-2018​​),calculated on yearly basis ,Yearly compounded. Minimum INR. 1000/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple… Read More »

ITR EVC : Free Study Material

By | July 8, 2018

ITR EVC [Video] How to Everify Income Tax Return : आय कर रिटर्न ई वेरीफाई कैसे करें 6 ways to e-Verify your Return ; No need to send ITR V to CPC. How to e verify ITR (Income Tax Return ) : User Guide e-Verify Income tax Returns -steps SBI ATM to e verify income… Read More »

Pension : Free Study Material

By | July 8, 2018

Pension Here is the free study material on Pension in India Revised Pension to Sportspersons w.e.f 01.04.2018 Application form for family pension on death of Government servant : Download/Print Mandatory for EPS Pensioners to submit Life Certificate by 30.04.2017; Digital Jeevan Pramaan How to generate Digital Life Certificate / Jeevan Pramaan FAQ’s  on Jeevan Pramaan… Read More »

IDBI Bank DD Form : Download / Print

By | July 8, 2018

IDBI Bank DD Form  IDBI Bank DD Form / IDBI Bank Demand Draft Form Download IDBI Bank DD Application Form in PDF Format. Download IDBI Bank DD Form in PDF Format, Download IDBI Bank DD Form in PDF Format, Download Latest & Updated IDBI Bank DD Form in PDF format, Request form of  DD for IDBI Bank, Download IDBI… Read More »

Pay In Slip for Deposits in Senior Citizens Savings Scheme : Download

By | July 8, 2018

Pay-In-Slip for Deposits under Senior Citizens Savings Scheme 2004 Pay-In-Slip for Deposits under Senior Citizens Savings Scheme 2004 into Post Office Pay-In-Slip for Deposits under Senior Citizens Savings Scheme 2004 :Download Click here Pay-In-Slip for Deposits under Senior Citizens Savings Scheme 2004 form d This is also called FORM D  Post office ,Pay-In-Slip for Deposits under Senior… Read More »

New RBI Master Circulars on Penalties for bank branches

By | July 6, 2018

RBI Master Circulars issued on 05.07.18 RBI Master Circular : Penalties for bank branches for customer service performance Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of… Read More »

Exchange Rate of Foreign Currency w.e.f 06.07.18 for Imported and Export Goods

By | July 5, 2018

Ministry of Finance Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified Posted On: 05 JUL 2018 5:25PM by PIB Delhi In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs… Read More »

New GST News 05.07.18

By | July 5, 2018

New GST News 05.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News New Improvements in E way Bill GST on Bulders & Real Estate Transaction (June 2018 Edition ) Taxmann Book Updated GST  Notifications CGST Rules 2017 (updated) – : Chapter Wise & Rule wise Pay GST on Compensation received… Read More »