Registration Process under Model GST Law of India Liability for GST Registration as per Chapter VI of Model GST Law: (I) Section 19 – GST Registration ♠ Person is liable to register under this Act as per Schedule III ( Read : Taxable Persons under GST (India) : Complete Guide . Registration has to be done in… Read More »
Circular No. 9/2016 No. CT/COMP52/2013/73 Dated 13th October, 2016 GOVERNMENT OF ASSAM OFFICE OF THE COMMISSIONER OF TAXES, ASSAM KAR BHAVAN DISPUR, GUWAHATI Subject: Communication of GSTprovisional Registration Number (GSTIN)- collection of mobile number and email Id of registered dealers/taxpayers under VAT, CST, Entry Tax, Luxury Tax & Entertainment Tax for the purpose thereof. Everyone… Read More »
Section 194H -TDS on Commission for AY 2017-18 Provision regarding TDS on Commission or brokerage is provided in Section 194H of Income tax Act After Finance Act 2016 Salient Features of TDS on Commission or brokerage (section 194H) Threshold limit for TDS on Commission or brokerage u/s 194H . If Commission or brokerage or the aggregate… Read More »
Deduction of Expenses of Payment to Indian Railways Key points of Deduction of Expenses of Payment to Indian Railways Any payment made to Indian Railways for the use of railway assets made on or after 1-4-2016 would be allowable only on actual payment, irrespective of the year in which the liability is incurred; and, where the… Read More »
Disallowance in respect of non-payment of equalization levy [Section 40(a)(ib)] Key Points about Disallowance for non-payment of equalization levy- Section 40(a)(ib) Chapter VIII of the Finance Act, 2016 provides for deduction of equalization levy for certain specified services. Read Equalisation levy Salient Features The section applies to all assessees, whether corporate or non-corporate and whether resident… Read More »
Furnishing of statements by tax deductor to Income tax Department in case of payment to non Resident Under sub-section (6) to section 195, inserted by the Finance Act, 2008, with effect from 1-4-2008 the payer is required to furnish information relating to payment of any sum, in such form and manner as may be prescribed by… Read More »
Disallowance under section 40(a)(i)/(ia)/(iii) for non Deduction of TDS Disallowance under section 40(a)(i)/(ia)/(iii) Section 40(a) provides that in the case of any assessee following amounts shall not be deducted in computing the income chargeable to tax,— (i) any interest, royalty, fees for technical services or other sum chargeable under this Act, which is payable,—… Read More »
TDS not Deducted 1.1 A person deemed as an assessee in default in case TDS not deducted A payer is treated as Assessee in Default if TDS not deducted. A ‘payer’, whether he is an employer, or a person responsible for paying any amount under the head ‘Salaries’ (like the principal officer of a company)… Read More »
Mode of payment in case of TDS made by an office of Government without production of challan With effect from 1-6-2015, sub-section (2A) of section 200 provides that in case of an office of the Government, where TDS has been paid to the credit of the Central Government without the production of a challan, the… Read More »
Constitution 101st Amendment Act 2016 Constitution 101st Amendment Act 2016 was notified . Relevant provisions are :- Article 246A after Constitution 101st Amendment Act 2016 Article 248 after Constitution 101st Amendment Act 2016 Article 249 after Constitution 101st Amendment Act 2016 Article 250 after Constitution 101st Amendment Act 2016 Article 268 after Constitution 101st Amendment… Read More »