Demand & Recovery Provisions under Model GST Law Published on Feb 2, 2017 Related Post on GST Free Video GST Video- Brief Concept of Model GST Law ( CGST, SGST & IGST) (1st Technical session) GST Video – Levy & Composition (2nd Technical Session) GST Video- Valuation of Taxable Supply & Valuation Rules (3rd… Read More »
Cenvat Law & Practice – Finance Bill 2017 Edition (31st Edition, 2017) by V.S. Datey Cenvat Law & Practice – Finance Bill 2017 Edition Book contains Comprehensive Commentary on Law relating to Cenvat Also Incorporating: Comprehensive Case Laws Coverage Department Instructions Guide to Procedures Documentation You can buy this Book for Rs 1076. Click to buy this… Read More »
Service Tax Ready Reckoner- Finance Bill 2017 Edition by V.S. Datey Service Tax Ready Reckoner – Finance Bill 2017 Edition :- Author : V.S. Datey Edition : 28th Edition 2017 Date of Publication : February 2017 No. Of Pages : 1040 You can buy this Book for Rs 1256.Click to Buy this Book Online . It has 1040… Read More »
No cash payments for capital Asset / capital expenditure Summary :As per Finance Bill 2017 w.e.f 01.04.2017 i.e FY 2017-18 (AY 2018-19) it has been proposed that any cash payments of capital expenditure above Rs 10,000 shall not be considered to determine actual cost of asset under Section 43(1). Similarly, no deductions shall be available under… Read More »
Tax-exemption to partial withdrawal from National Pension System (NPS) The existing provision of section 10(12A) provides that payment from National Pension System (NPS) trust to an employee on closer of his account or opting out shall be exempt up to 40% of total amount payable to him. In order to provide further relief to an… Read More »
Restriction on set-off of loss from House property Summary : As per Finance Bill 2017 w.e.f FY 2017-18 (AY 2018-19) Section 71 of Income tax Act is proposed to be amended to restrict the set-off of loss under the head ‘Income from house property’, in any assessment year against any other income, up to Rs 2,00,000. The… Read More »
PAN by Collectee for TCS compliance Summary : -As per Finance Bill 2017 w.e.f 01.04.2017 i.e FY 2017-18 (AY 2018-19) Any person paying any sum or amount, on which tax is collectable at source under Chapter XVII BB (hereafter referred to as collectee) shall furnish his Permanent Account Number to the person responsible for collecting such tax (hereafter… Read More »
Rebate allowable under Section 87A of Income tax Act Summary :– The rebate of Rs. 5,000 currently available under section 87A in case of an individual resident in India whose total income does not exceed Rs. 5,00,000,Finance Bill 2017 proposed to be reduced to Rs. 2,500, where the total income does not exceed Rs. 3,50,000… Read More »
Section 234F -Fee for delayed filing of Income tax return Summary : As per Finance Bill 2017 w.e.f FY 2017-18 (AY 2018-19) new section 234F is proposed to be inserted to provide for levy of fees for late filing of return after the due date. Rs. 5,000 would be levied for return filed after the due… Read More »
Accept Payments by Paytm upto Rs 50,000 directly in your Bank Account [Hindi]