Day: January 5, 2018

Incentives on digital purchase of Railway tickets

Incentives on digital purchase of Railway tickets through IRCTC website, on counters by credit/debit cards, through mobile phones etc. Discounts and waiver of service charge  Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money …

RBI issues Master Direction on Foreign investment in India

RBI issues Master Direction on Foreign investment in India Foreign Investment in India is regulated in terms of clause (b) sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by …

CBDT Circular-TDS on Salaries for FY 2017-18

Deduction of Tax at Source from Salaries u/s 192 of the Income Tax Act, 1961 for FY 2017-18-CBDT Circular Under section 192 of the Income Tax Act, 1961, every person responsible for paying any income chargeable under the head “Salaries” is liable to deduct income-tax on the estimated …

GST on accommodation services, betting-gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc.

GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. CBEC reiterates previous clarifications Circular No. 27/01/2018-GST F. No. 354/107/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 04th January 2018 …

UP Commercial Tax Department guidelines for survey, investigation of traders for GST Compliance-Timeline

UP Commercial Tax Department guidelines for survey, investigation of traders for GST Compliances  UP Commercial Tax Department has issued directions for survey/investigation of traders. As per the circular issued in this regard, investigations/surveys of traders are  directed to be completed on priority basis. Physical Verification of all new registered traders …