Handbook on GST Annual Return by ICAI

By | May 23, 2019

Handbook on GST Annual Return by ICAI The submission and processing of return is an important link between the taxpayers and tax administration. Section 44 of the Central Goods & Services Tax (CGST) Act, 2017 stipulates that every registered person shall furnish an annual return for each financial year. Annual return is a consolidation of… Read More »

Acceptance of Appointment as GST Auditors : Draft letter Format

By | May 23, 2019

Draft Format Of Acceptance Of Appointment Letter Under GST Act. <<<< Name and address of the entity>>>> Dear Sir, Sub: Our appointment as GST Auditors* (Joint Auditors*) under section 35(5) and section 44(2) of the CGST Act CGST Act read with Rule 80(3) of the CGST Rules [read with the corresponding provisions of the State… Read More »

No additions of sec. 68 if assessee proved identity of share applicants ; SC dismissed SLP

By | May 23, 2019

SUPREME COURT OF INDIA Principal Commissioner of Income-tax, 3 v. E Smart Systems (P.) Ltd. ROHINTON FALI NARIMAN AND NAVIN SINHA, JJ. SPECIAL LEAVE PETITION (CIVIL) DIARY NO. 40473 OF 2018 DECEMBER  3, 2018 A.N.S. Nadkarni, ASG, Ms. Swarupama Chaturvedi, Adv., H.R. Rao, Adv. and Mrs. Anil Katiyar AOR for the Petitioner. ORDER 1. Delay condoned. 2. The Special Leave Petition is dismissed. 3. Pending… Read More »

Income Tax on Senior Citizen

By | May 23, 2019

Income Tax on Senior Citizen No TDS of Senior citizens if Form 15H given for Nil Tax Payable After Sec 87A rebate : CBDT Notification No. 41/2019 Section 80TTB Income Tax : Deduction of Rs 50000 p.m to senior citizen Income Tax Benefits for Senior Citizens of India

No TDS of Senior citizens if Form 15H given for Nil Tax Payable After Sec 87A rebate : CBDT Notification No. 41/2019

By | May 23, 2019

No TDS of Senior citizens if Form 15H given for Nil Tax Payable After Sec 87A rebate Since the section 87A was amended by the Finance Act, 2019, to provide full tax rebate to taxpayers earning total income up to Rs. 5 lakh The CBDT made the consequent amendment in Form 15H used for furnishing… Read More »

CBDT condones delay in filing of audit report in Form 10B by trust/institution for AYs 2016-17 & 2017-18 : Circular No 10/2019

By | May 22, 2019

The Central Board of Direct Taxes (CBDT), considering the representations, has decided to condones the delay in filing of audit report in Form 10B by the trusts or institutions for the Assessment Years 2016-17 and 2017-18. The condonation shall be granted subject to fulfillment of conditions prescribed by the board. Circular No 10/2019 Dated Download… Read More »

TDS/TCS Return Online Filing Process

By | May 22, 2019

TDS/TCS Return > Online Filing Step – I The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified in https://www.tin-nsdl.com/services/etds-etcs/etds-rpu.html Step – II e-TDS/e-TCS return in accordance with the file formats is to be prepared in clean text ASCII format with ‘txt’ as filename extension. e-TDS/e-TCS return… Read More »

Online TDS / TCS Challan Correction : e- Tutorial

By | May 22, 2019

e-Tutorial Online Challan Correction Important Information on Online Correction All type of corrections like “Personal information , Deductee details and Challan correction” can be made using Online correction functionality available from FY.2007-08 onwards depending upon the type of correction This feature is extremely useful as it is : Free of Cost :TRACES does not charge… Read More »

ROC forms for Registration of Charges

By | May 22, 2019

The forms introduced by MCA under Chapter VI Registration of Charges and Rules thereto which includes Form CHG-1, Form CHG-2, Form CHG-3, Form CHG-4, Form CHG-5, Form CHG-6, Form CHG-7, Form CHG-8 and Form CHG-9 vide Companies (Registration of Charges) Rules, 2014 as amended by Companies (Registration of Charges) Amendment Rules, 2019 read with Companies… Read More »