TDS
Posted Date : 12-May-2017 , 12:09:21 pm | Posted By
AADESH
TAX DEDUCTED AT SOURCE
Tax deducted at source (TDS) is a way of collecting tax.
Any payment covered under this provision has to be made after deducting TDS on the same. Different percentages are prescribed for different types of payment.
The onus of compliance lies with the PAYER who make...
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Category : TDS |
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OFFENCES AND PENALTIES UNDER GST
Posted Date : 09-May-2017 , 12:57:56 pm | Posted By
ANKITA GARG
GST ACT ensures that it lays more and more emphasis on its compliances and enforcement across all the areas including registration, returns, invoices ,etc. The terms Offences and Penalties are not defined in the GST Law. However, Offence in general means a breach of Law or Act or any illegal act and...
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Category : GST |
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GST IMPLICATIONS ON WORKS CONTRACT SERVICES
Posted Date : 09-May-2017 , 12:53:07 pm | Posted By
ANKITA GARG
GST on Works contract services
Works contract is a mixture of goods and services but it is neither a composite supply nor a mixed supply as it has been defined as per Sec. 2(119) of CGST Act. As per the said section “ Works Contract” means a contract for buildin...
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Category : GST |
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All Information about Composition Levy under GST
Posted Date : 27-Apr-2017 , 10:51:22 am | Posted By
Jainam Shah
Section 10 and its related draft composition rules of CGST bill talks about the composition levy. The basic principle underlying the composition scheme is, to minimize the burden of compliance for small taxpayers. There are around 8 million taxpayers that are expected to be migrated from the current...
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Category : GST |
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0 | Hits : 1076 |
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GST ADVANCE RULING
Posted Date : 25-Apr-2017 , 11:07:53 pm | Posted By
Vipin
ADVANCE RULING
The World of Business is based on informed decisions. Decisions which make or break an organisation. A right estimation may lead it to scale new heights , and on the other hand , a wrong cost projections may lead to complete wipeout of the business.
Amb...
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Category : GST |
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0 | Hits : 786 |
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Issues in Real Estate Sector and Real Estate Act
Posted Date : 05-Apr-2017 , 06:04:12 pm | Posted By
Bijay
The Real Estate sector in India is one of the largest contributors to the GDP of India (around 6% of Indian GDP) and also one of the top job creators. This sector has seen growing pace with liberalization of the economy since 1991 and after the Government’s policy to allow 100% Foreign Direct ...
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Category : General |
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GST and Real Estate Sector
Posted Date : 31-Mar-2017 , 03:28:17 pm | Posted By
Bijay
As we all know that the whole nation has been dreaming for the biggest indirect tax reform i.e. implementation of the Goods and Service Tax (GST) for a decade, it is going to become a reality soon. Ever since the thunder of GST has hit the nation, there are various assumptions, presumptions, and exp...
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Category : GST |
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0 | Hits : 1177 |
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Income-tax Return - Schedule AL
Posted Date : 25-Mar-2017 , 07:17:51 pm | Posted By
CA Gaurav Kumar Agarwal
Dear All,
The CBDT has introduced an additional schedule (Schedule AL) in the Income tax returns forms requiring disclosure of cost of specified Assets and the related liabilities. This schedule is mandatory for individuals whose total income exceeds INR 50 Lacs.
Further, please note that the deta...
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Category : Income Tax |
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Step by Step explanation to link your PAN card with Aadhaar card
Posted Date : 25-Mar-2017 , 09:43:03 am | Posted By
May I Help You.
The government has decided to make Aadhaar number mandatory for filing of Income Tax returns as well as linking it with Permanent Account Number (PAN) card.
In order to link PAN and Aadhaar cards, tax payers have to first register on the Income tax e-Filing portal. Once they have done so, t...
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Category : Income Tax |
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1 | Hits : 3668 |
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Exim Bank's Government of India supported Line of Credit
Posted Date : 21-Mar-2017 , 12:25:50 pm | Posted By
CA PREITY NAGI
Exim Bank's Government of India supported Line of Credit of USD 50 million to the Government of Co-operative Republic of Guyana
Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2016 with the Government of Co-operative Republic of Guyana for making availabl...
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Category : Income Tax |
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0 | Hits : 521 |
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New Income Tax Rules On Home Loan Benefits
Posted Date : 16-Mar-2017 , 02:14:44 pm | Posted By
CA PREITY NAGI
The government has cut down tax benefits borrowers enjoyed on properties let out on rent. “In order to address the existing anomaly of interest deduction in respect of let out property vis-a-vis self-occupied property, it is proposed to restrict set off of loss from house property against inco...
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Category : Income Tax |
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Procedure for conversion of private company into one person company
Posted Date : 15-Mar-2017 , 06:43:42 pm | Posted By
Md Irsad Alam
1) A private company other than a company registered under section 8 of the Act [having paid up share capital of fifty lakhs rupees or less and average annual turnover during the relevant period][3] is two crore rupees or less may convert itself into one person company by passing a special resolutio...
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Category : Corporate Law |
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0 | Hits : 871 |
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One Person Company to convert itself into a public company or a private company in certain cases.
Posted Date : 11-Mar-2017 , 11:28:42 am | Posted By
Md Irsad Alam
Following are certain cases where One Person Company need to convert itself into to a public company or a private company:- 1. (i) Where the paid up share capital of an One Person Company seceeds fifty lakh repees [or less] and (ii) its average annual turnover during the rel...
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Category : Companies Act |
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0 | Hits : 1354 |
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GST Council approves GST / IGST LAw
Posted Date : 04-Mar-2017 , 07:59:58 pm | Posted By
Vineet Chopra
Goods and Services Tax GST) Council approves the Central Goods and Services Tax (CGST) Bill and the Integrated Goods and Services Tax (IGST) Bill. The Goods and Services Tax GST) Council, in its meeting held today in Vigyan Bhawan in New Delhi under the Chairmanship of the Union Minister ...
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Category : GST |
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0 | Hits : 491 |
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All About Job Work Under GST Regime
Posted Date : 04-Mar-2017 , 04:55:01 pm | Posted By
Chitresh
Movement of goods to job workers is an essential business situation which occurs frequently. Many times a manufacturer send goods to a job worker for getting further work done on them, and receive the goods back from job worker or sell the goods directly from the place of job worker. The tax positio...
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Category : GST |
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0 | Hits : 1576 |
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SOME IMPORTANT FAQ ON SPICe
Posted Date : 03-Mar-2017 , 10:29:04 pm | Posted By
Md Irsad Alam
1. How many names can be applies for in SPICe (INC-32)?
Only one. However, for reservation of a name prior to filing SPICe (INC-32), you may use INC-1 (in which up to 6 names can be proposed) and then input the SRN of approved INC-1 into SPICe.
2. Is INC-22 Still required t...
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Category : Corporate Law |
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0 | Hits : 747 |
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Investor education and protection fund authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017
Posted Date : 03-Mar-2017 , 10:05:52 pm | Posted By
Md Irsad Alam
Central Government makes the Investor Education and Protection (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 to amend Investor Education and Protection (Accounting, Audit, Transfer and Refund) Rules, 2016 to substitute following paragraph- "Company" means a company defined in ...
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Category : Corporate Law |
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0 | Hits : 522 |
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Nidhi Rules,2014 governs the Law and procedure for Nidhi Company
Posted Date : 01-Mar-2017 , 12:06:08 pm | Posted By
PRASHANT
Section 406 of Companies Act 2013 and Nidhi Rules,2014 governs the Law and procedure for Nidhi Company. What is Nidhi Company ?
A Nidhi company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act 2013.
Their core ...
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Category : Corporate Law |
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0 | Hits : 3056 |
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One Life.....Many Struggles
Posted Date : 28-Feb-2017 , 12:26:07 am | Posted By
ATUL KHURANA
One Life…….Many Struggles
A lot of people already predicted that this article is related to their own lives because they can easily relate themselves with the word in heading above “Struggles”
Actually, the reason behind writing this article is just to pen down my own vie...
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Category : Students Zone |
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0 | Hits : 1084 |
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The Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017
Posted Date : 24-Feb-2017 , 08:17:40 am | Posted By
Md Irsad Alam
The Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017
Whereas for the ease of, and for the expedient compliance of the requirement of the various labour related laws referred to herein and for the purpose of maintaining combined registers for all such laws, i...
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Category : Corporate Law |
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0 | Hits : 621 |
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