INSTANCES WHERE NO WAYBILL IS REQUIRED TO BE GENERATED UNDER GST In terms of sub-rule (14) of rule 138 of the WBGST Rules, 2017, no e-waybill is required to be generated under the following circumstances:- (a) where the goods being transported are specified in Annexure; ANNEXURE [(See rule 138 (14)] S. No. Description of Goods… Read More »
Gold and Silver rates as on March 31, 2018 The Gold and Silver ratesas on March 31, 2018 are out. The rate of gold (standard 24 carats) is Rs. 30,680per 10 grams and rate of Silver (9960 touch) is Rs. 38,355per 1 Kg.
Ministry of Finance Clarification regarding applicability of standard deduction to pension received from the former employer Posted On: 05 APR 2018 1:55PM by PIB Delhi The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head “Salaries”. The Finance Act, 2018… Read More »
Ministry of Finance CBDT notifies Income Tax Return Forms for Assessment Year 2018-19 Posted On: 05 APR 2018 7:47PM by PIB Delhi The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative… Read More »
Ministry of Corporate Affairs Process to be followed for registration as Registered Valuer with Insolvency and Bankruptcy Board (IBBI) of India under the Companies (Registered Valuers and Valuation) Rules, 2017 Posted On: 05 APR 2018 10:29AM by PIB Delhi With an objective to familiarise the eligible and desirous individuals and entities with the process of… Read More »
Ministry of Labour & Employment Enhancement of Gratuity Limit Posted On: 04 APR 2018 3:12PM by PIB Delhi The Government has issued Notification the same day wherein gratuity limit has been increased from Rs.10 lakhs to Rs.20 lakhs under the Payment of Gratuity Act, 1972. The Government has also issued another Notification on the same day wherein it… Read More »
ITR V Acknowledgement for AY 2018-19 Acknowledgement in ITR V to be taken from income tax department after income tax return if filed in physical form/paper form .This is common ITR V whether return is filed in ITR 1, ITR 2 , ITR 3 , ITR 4 , ITR 5 , ITR 6 or ITR… Read More »
Cabinet Cabinet approves the Protection of Human Rights (Amendments) Bill, 2018 Posted On: 04 APR 2018 7:18PM by PIB Delhi The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the Protection of Human Rights (Amendments) Bill, 2018 for better protection and promotion of human rights in the country. Salient… Read More »
ITR 7 for AY 2018-19 The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Form (ITR Forms) ITR 7 for AY 2018-19 for reporting income earned during Financial Year 2017-18 . Form No ITR 7 for AY 2018-19 / FY 2017-18 For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C)… Read More »
ITR 6 for AY 2018-19 The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Form (ITR Forms) ITR 6 for AY 2018-19 for reporting income earned during Financial Year 2017-18 . Form No ITR 6 for AY 2018-19 / FY 2017-18 For Companies other than companies claiming exemption under section 11 (Please see rule 12 of… Read More »