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E-way Bill Frequently asked questions 1. What is an e-Way Bill? e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of section 68 of …
E-way Bill System User manual has been released. The trial runs for e-way Bill has started from 16-01-2018 to 31-01-2018) and final roll out is scheduled on 01-02-2018. URL or Web site address for e-way bill is http://ewaybill.nic.in The common portal for generation of e-way bill is http://gst.kar.nic.in/ewaybill The manual …
ITAT explains the law on exemption u/s 10(2A) for partners share of profit in the income of the firm. Revision order u/s 263 quashed as it failed to state what kind of enquiry AO failed to make. Prelude: Section 10 of the Income Tax Act, 1961 (the Act) …
AADHAAR: Frequently Asked Questions as on 14th Jan 2018 Q 1: UIDAI has all my data including biometrics, bank account, PAN, etc. Will they be used to track my activities? Answer: Absolutely false. UIDAI database has only the following information – (a) Your name, address, DOB, gender, date …
E-way Bill system-Objectives and benefits. Features of e-way bill portal and modes of generation of e-way Bill A nationwide E-way Bill System will be rolled out on trial basis from tomorrow i.e. 16th January, 2018. Avail the opportunity to get used to the system before it becomes compulsory. …
E-way Bill to become mandatory for inter-State movement of goods from 1st February, 2018. System to be ready by 16th January, 2018 The nationwide e-way Bill system will be ready to be rolled out on a trial basis latest by 16th January, 2018. Trade and Transporters can start …
Amendment to section 32(2) is not prospective. Unabsorbed depreciation can be carried forward beyond 8 years, prior to amendment-High Court Prelude: Section 32(2) of the Income Tax Act, 1961 (“the Act”) provides that where due to loss or inadequate profits in any year, full depreciation allowance could not …
Reporting of U S Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions In USA, a Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued either by the Social Security Administration (SSA) …
Addition for accommodation entries merely based on statement of investors and without controverting the documents furnished invalid-High Court Prelude: The additions on account of accommodation entries have been a common feature in income tax proceedings which have attracted litigation. A typical modus operandi adopted by the receiver of the such …
Facility to lodge Online GST grievance enabled on GST Portal. Taxpayers have now being provided with a facility to lodge grievance related to processes (application), ledgers, payments etc. on the GST Portal. The following type of complaints can be submitted online: 1. Complaint against grievance relating to processes (Application): …
