ITR filing due date for FY 2016-17 extended to 05-Aug-2017 Posted on July 31, 2017 by ADMINLeave a Comment on ITR filing due date for FY 2016-17 extended to 05-Aug-2017In view of the difficulties faced by the taxpayers date for filing of Income Tax Returns for FY 2016-17 has been extended to 05th August by the Income Tax Department.
Frequently Asked Questions on Composition Levy? Posted on July 7, 2017 by ADMINLeave a Comment on Frequently Asked Questions on Composition Levy?Frequently Asked Questions on Composition Levy Q 1. What is composition levy under GST? Ans. The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs.
Composition Levy Scheme Under GST Posted on July 6, 2017 by ADMINLeave a Comment on Composition Levy Scheme Under GSTSection 10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate turnover in the preceding financial year did not exceed 75
Compulsory registration in certain cases under GST ACT 2017 Posted on July 6, 2017 by ADMINLeave a Comment on Compulsory registration in certain cases under GST ACT 2017Notwithstanding anything contained in sub-section (1) of section 22 (which provides that every supplier making a taxable supply of goods or services or both in the State shall be liable to be registered under this Act if his aggregate turnover
Income Tax Department simplifies linking PAN with Aadhaar Posted on May 12, 2017 by ADMINLeave a Comment on Income Tax Department simplifies linking PAN with AadhaarGovernment of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 11th May, 2017. PRESS RELEASE Income Tax Department simplifies linking PAN with Aadhaar The Income Tax Department has made it
Why you should file your income tax return for FY 2017-18 on time ? Posted on May 8, 2017 by ADMINLeave a Comment on Why you should file your income tax return for FY 2017-18 on time ?It is mandatory for every taxpayer to communicate the details of his income to the Income-tax Department. These details are to be furnished in the prescribed form known as return of income. In this part, you can gain knowledge about
ITR Forms for AY 2017-18 issued by Income Tax Department Posted on May 8, 2017 by ADMINLeave a Comment on ITR Forms for AY 2017-18 issued by Income Tax DepartmentThe Income Tax department on Thursday activated the e-filing facility for all categories of Income Tax Returns (ITRs) for the assessment year 2017-18. List of ITR Forms applicable for AY 2017-18 Form Type Who can File the Form ? PDF
Income Tax Amendments Applicable from 01.04.2017 Posted on April 4, 2017 by ADMINLeave a Comment on Income Tax Amendments Applicable from 01.04.2017Key amendment in Income Tax Act applicable from from 01.04.2017 (1) Limit for Cash Expenditure (both, capital and revenue expenditure) reduced to Rs 10k per day in aggregate per person, earlier same was Rs 20k . Capital expenses paid in cash
List of GST Returns/Statements to be furnished by Registered Persons Posted on March 18, 2017 by ADMINLeave a Comment on List of GST Returns/Statements to be furnished by Registered PersonsList of GST Returns/Statements to be furnished by Registered Persons Form GSTR-1 Details of outward supplies of taxable goods and/or services effected Form GSTR-1A Details of outward supplies as added, corrected or deleted by the recipient Form GSTR-2 Details of
UNION BUDGET HIGHLIGHTS 2017 Posted on February 1, 2017 by ADMINLeave a Comment on UNION BUDGET HIGHLIGHTS 2017AMENDMENT APPLICABLE FROM EXPLANATION Tax slab for individuals FY 2017-18 Income Tax Rate reduced from 10% to 5% for tax slab of Rs 2,50,000/- to Rs 5,00,000/- 194-IB : TDS on Rent 01st June 2017 -Applicable to Individuals or a