Determining when legislative changes apply retrospectively Case Law : Calcutta Export Company (Civil Appeal No 4339-4340 of 2018) The Supreme Court of India held that when the amount of withheld tax is remitted to the government after the end of the financial year but before the due date for filing the tax return, a legislative… Read More »
FUGITIVE ECONOMIC OFFENDERS (PROCEDURE FOR SENDING LETTER OF REQUEST TO THE CONTRACTING STATE FOR SERVICE OF NOTICE AND EXECUTION OF ORDER OF THE SPECIAL COURT) RULES, 2018 NOTIFICATION NO. GSR 501(E) [F.NO.6/3/2017-FSLRC], DATED 25-5-2018 In exercise of the powers conferred by sub-section (1) read with clause (e) of sub-section (2) of section 23 and sub-section (6)… Read More »
New GST News 25.05.2018 [ Join GST online course by CA Satbir Singh ] GST Fraud in Delhi of Rs 28 crore : 2 arrested e-Way Bill Roll out for intra-State in Maharashtra, Manipur & UT’s (without legislature) from 25.05.2018 GST council has power to impose Sugar Cess : says Union Law Ministry Rajasthan GST… Read More »
Revised administrative charges under EPF from 01.06.2018 Revised administrative charges under EPF from 01.06.2018 under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 Summary of Revised administrative charges under EPF from 01.06.2018 PF Administrative Charges Reduced to 0.5% from 0.65%. Ministry of Labour and Employment decided to reduce PF administrative charges payable by employers. As per gazette notification issued on 21st May, 2017 new rate of… Read More »
Deduction for Purchase of Residential House under Income Tax : Free Study Material Here is the free study material on regarding Income Tax on Non Residents Income Tax Exemption for Capital Gain on Residential Property Transfer Tax benefits of House in India Sec. 54 deduction available for new residential house including Land Cost : HC… Read More »
Income Tax on Non Residents : Free Study Material Here is the free study material on regarding Income Tax on Non Residents Relevant Study Material on Non Residents under Income Tax Act Lower Tax Deduction Certificate for NRI in India Is Income Tax Act applicable only to residents in India? Income tax benefits available to… Read More »
EPF Account Interest Rate for FY 2017-18 @ 8.55% EMPLOYEES’ PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR AND EMPLOYMENT, GOVERNMENT OF INDIA Head Office: Bhavishya Nidhi Bhawan, 14, Bhikaji cama Place, New Delhi -110066 www.epfindia.qov.in , www.epfindia.nic.in No.Invest.I/CBT Agenda/ROI/2017-18/4153 Dated 25th May, 2018 To All Regional Provident Fund Commissioners, Officers-In-Charge, Regional Offices/Sub-Regional Offices. Sub: Declaration of Rate of… Read More »
Input Tax Credit on CCTV camera and fire fighting systems Video Lecture on Input Tax Credit on CCTV camera & fire fighting system [ Join online GST Course by CA Satbir Singh ] We have installed CCTV camera and fire fighting systems in our office premises. The invoices for the material are issued by the supplier… Read More »
GST Margin Scheme : Free Study Material Here is the free study material on GST Margin Scheme [ Join online GST Course by CA Satbir Singh ] Study Material on GST Margin Scheme GST Margin Scheme : Analysis Margin Scheme in GST : GST Flyer by CBEC Margin Scheme in GST : Article in ICSI-GST Newsletter… Read More »
ELECTRONIC SIGNATURE ON INVOICES Video Tutorial on Electronic signatures on Tax Invoice [ Join online GST Course by CA Satbir Singh ] Whether scanned images of signature inbuilt in billing software is a valid signature as per Rule 46 of CGST Rules 2017 relating to GST Tax Invoicing. Answer : Signature in built in billing… Read More »