Issue The appellant recognized revenue only in the year in which the plots were sold and registration of conveyance deed. The Assessing Officer is of the view that the revenue should be recognized at every stage of receipt sale consideration Held he provisions of section 2(47) of the Act have no application to the transactions… Read More »
GSTN System PPT Presentation Download Other GST PPT
GST Transition Provisions PPT -19.12.2016 Download Other GST PPT
Compliance Checklist of PMGKY 2016 Pradhan Mantri Garib Kalyan Yojana 2016, Under the Taxation and Investment regime for Pradhan Mantri Garib Kalyan Yojana, a taxpayer can declare undisclosed income in the form of deposits and cash and is required to pay taxes, cess and penalty on such declared incomes. Following are the Steps for Compliance… Read More »
Non-PAN Transaction Step-by Step Guide for linking of large value transaction(s) to a valid PAN Income tax Department has processed AIR transactions without valid PAN which resulted in identification of high risk transaction clusters of non-PAN AIR transactions (with common name and address). Polite letters are being sent by Income Tax Department to the transacting… Read More »
Step-by Step Guide Bank/Financial Account(s) with substantial Cash Transactions As part of its data matching exercise, if Income Tax Department has identified bank accounts which have large value cash transactions then the details of bank account are visible under “Compliance” section of the e-filing portal of the related persons. The PAN holders are requested to… Read More »
List of Authorized Banks for Deposit of Tax Amount under Pradhan Mantri Garib Kalyan Yojana 2016 Authorized Banks: Allahabad Bank Andhra Bank Axis Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank HDFC Bank ICICI Bank IDBI Bank Indian Bank Indian Overseas Bank Jammu & Kashmir… Read More »
PMGKY CHALLAN NO. ITNS 287 Under the Taxation and Investment regime for Pradhan Mantri Garib Kalyan Yojana, a taxpayer can declare undisclosed income in the form of deposits and cash and is required to pay taxes, cess and penalty on such declared incomes. The said tax payment has to be made to the Government Account… Read More »
GST Refund Claim –Key Changes under Revised Model GST Law Key Point Draft Model GST Law Revised Draft Model GST Law Month of Release June 2016 November 2016 Time Limit for Passing Order Time Limit for Passing Order was 90 days from the date of receipt of Application[ Section 38… Read More »
Govt of India Ministry of Power Dated 15.12.2016 Download Guidelines on Cross Border Trade of Electricity- Designation of Designated Authority for facilitating the process of approval and laying down the procedure for cross border transaction and trade in electricity (904.58 KB, pdf)