Excel Form 10E-Salary Arrears Relief calculator AY 2018-19 for claiming rebate u/s 89(1)

Author: | Categories: Calculators, Income Tax 43 Comments | 133,883 views
Excel Form 10E-Salary Arrears Relief calculator AY 2018-19 for claiming rebate under section 89(1) of Income Tax Act 1961-Download As per section 89(1) of the Income Tax Act, 1961 relief for income tax has been provided when in a financial year an employee receives salary in arrears or advance. As per Rule 21AA of the […]

 

Mere categorisation of land as agricultural in revenue records not suffice for capital gain exemption-High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments | 207 views
Mere categorisation of land as agricultural in revenue records not suffice for capital gain exemption. Whether a land is agricultural or not is a question of fact – High Court Prelude: Section 2(14) of the Income Tax Act, 1961 (the Act) defines  “capital assets”. It also provides for exceptions not considered as capital assets. As […]

 

Addition made in computation of income comes under Explanation 1(B) of Section 271(1) related to concealment penalty

Author: | Categories: Income Tax, ITAT, Judgments No comments | 125 views
Addition made in computation of income comes under Explanation 1(B) of Section 271(1) related to concealment penalty under the Income Tax Act. Explanation rejected by ITAT in assessment proceedings, can not be considered bona fide in penalty proceedings-High Court ABCAUS Case Law Citation: ABCAUS 2169 (2018) (01) HC Important Case Laws Cited/relied upon by the […]

 

Changes in GST rates on services as per 25th GST Council Meeting. Exemptions, ITC Eligibility & Rationalization etc.

Author: | Categories: GST No comments | 543 views
Changes in GST rates on services as per 25th GST Council Meeting. Exemptions, ITC Eligibility Criteria, Rationalization etc. Recommendations made on GST Rate changes on services by the 25th GST Council Meeting The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many […]

 

Late fee for GSTR-1 5 5A reduced. date for filing GST REG-29 for cancellation of registration extended

Author: | Categories: GST No comments | 461 views
Late fee for GSTR-1 5 5A reduced. date for filing GST REG-29 for cancellation of registration extended. Policy Changes recommended by GST Council Meeting.   The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The following Policy Changes have been recommended by the GST Council in its […]

 

List of reduced rates of GST-IGST and Composition Cess as per 25th GST Council Meeting

Author: | Categories: GST No comments | 606 views
Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held in the 25thGST Council Meeting  The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarifications in respect […]

 

Highlights of decisions taken, relaxation given at 25th meeting of GST Council

Author: | Categories: GST No comments | 753 views
Highlights of decisions taken at 25th meeting of GST Council held on 18th January 2018 at New Delhi As per Press Briefing of Finance Minister, GST rate has been cut down on 49 items while on 29 items will have GST rate of NIL. Finance Minister briefing the media after the conclusion of the 25th […]