Daily Archives: March 27, 2018

TDS on property : FAQs

By | March 27, 2018

TDS on property What is TDS on property? The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor I am a Buyer, Do… Read More »

Due date for linking Aadhaar with PAN Extended till June 30, 2018 by CBDT

By | March 27, 2018

The Central Board of Direct Taxes (CBDT) has extended the last date for linking of Aadhaar with PAN from March 31, 2018 to June 30, 2018. This is the 3rd time, CBDT has extended the due date for linking Aadhaar number with PAN. F. No.225/270/2017 /ITA.II Government of India Ministry of Finance Department of Revenue… Read More »

Section 10 of Goa GST Act 2017 : Composition levy

By | March 27, 2018

Section 10 of Goa GST Act 2017 [ Section 10 of Goa GST Act 2017 explains Composition levy and is covered in CHAPTER III : LEVY AND COLLECTION OF TAX ] Composition levy. 10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate… Read More »

Section 8 of Goa GST Act 2017 : Tax liability on composite and mixed supplies

By | March 27, 2018

Section 8 of Goa GST Act 2017 [ Section 8 of Goa GST Act 2017 explains Tax liability on composite and mixed supplies and is covered in CHAPTER III : LEVY AND COLLECTION OF TAX ] Tax liability on composite and mixed supplies. 8. The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:—… Read More »