Interest on bank fixed deposit not credited to account taxable on mercantile basis. It is no defense that TDS was not deducted by bank and hence accrual did not arise -High Court Prelude: Taxation of interest on fixed deposits made with banks have often been seen the litigation. One …
GST Twitter Account FAQ dated 23-12-2017-Twelve Questions answered by Official twitter handle of the GoI for queries on GST. GST Twitter Account FAQ Question 1: Can I take GST input for my purchases made for SEZ exmption sales & adjust in other GST sales. Answer: Yes it can be …
ICAI Convocation-2017-18 (II Round) to be held on 24th January, 2018 In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI) held first convocation in 2008. Since then ICAI is regularly oorganizing Convocations for …
Income Tax Department advisory to deduct and pay TDS on rent u/s 194IB under which individual/HUF are obliged to deduct if rent exceeds Rs. 50000/- per month. In order to widen the scope of tax deduction at source, the Finance Act, 2017 w.e.f. 1st June, 2017 has inserted …
GST FAQ-23 Latest Question and answers tweeted on 22-12-2017 by the Official twitter handle of the GoI for queries on GST. Question 1: When will e-way bill system be applicable? Question 2: What is the last date for filing TRAN-1? Question 3: Does aggregate turnover include value of inward supplies …
RBI clarification-news about closure of some PSB due to their being placed under the Prompt Corrective Action (PCA) framework Reserve Bank of India December 22, 2017 RBI Clarification on Banks under Prompt Corrective Action The Reserve Bank of India has come across some misinformed communication circulating in some …
