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Advisory on the issue of Tax Invoices correctly, display of GSTIN, display of certificate of registration and mentioning of words “GST Composition Taxable Person” The following items, among others, must be clearly mentioned on a tax invoice: Your GSTIN (GST Identification Number) and GSTIN of the recipient, if he/she is registered. Taxable …
e-TDS/TCS RPU version 2.2 for TDS returns released by NSDL The New e-TDS/TCS Return Preparation Utility Ver. 2.2 released by NSDL today for Regular & Correction quarterly e-TDS/TCS statements is applicable from FY 2007-08 Guidelines for usage of these RPUs are provided in the respective utilities. The users are advised …
Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act. Benami properties of more than Rs. 3,500 crore in more than 900 cases attached Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in more than 900 cases of properties under the …
SEBI bars Price Waterhouse and related firms from audit of listed companies, , compliance of obligations of such cos. and intermediaries Securities and Exchange Board of India (SEBI) on the basis of email received in 2009 from from Mr. B. Ramalinga Raju, had carried out an investigation into …
How to submit Taxpayers response to intimation u/s 143(1)(a)(vi) for mismatch of income from 26AS Form-16 or 16A. CBDT circular giving manner of furnishing response Sub-clause (vi) of clause (a) of sub-section {1) of section 143 of the Income-tax Act, 1961 (‘Act’) as introduced vide Finance Act, 2016, …
News on no free services by banks from 20th January is fake-Finance Ministry According to news in circulation in social media, from 20th January, 2018 Banking Regulations are going to change resulting in discontinuance of various free services. The viral news created a confusion in the public The …
No Extension of Due date for filing GSTR-1. Notification in circulation is fake. The last date for filing of GSTR-1 for quarter July-Sep, 2017 (taxpayers having turnover upto Rs. 1.5 cr) and for months Jul-Nov, 2017 (taxpayers having turnover above Rs. 1.5 cr) is today, i.e. 10-Jan-2018. However …
CA May 2018 Exams Exemptions from appearing in a paper or Group under New Syllabus/Scheme of Education and Training ICAI has implemented the new Scheme of Education of the CA course with effect from 1st July 2017. The Examinations at various levels under the New Scheme of Education …
Assessment made without notice u/s 143(2) where ITR-V not received within 30 days can not be sustained. The extended period of 120 days for sending ITR-V validated the returns originally filed-High Court Prelude: Under the Income Tax Act, 1961 (the Act) section 139D empowers the CBDT to make rules …
GST Concept & Status as on 01-01-2018 and Power Point Presentation by CBEC The introduction of Goods and Services Tax on 1 st of July 2017 was a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and …
