Daily Archives: May 28, 2018

GST payable on rental premises taken by Hospital on lease : AAR

By | May 28, 2018

whether GST is leviable on the amount of rent paid/payable by them towards leasing of the premises by the hospital or not ? There is no provision available in the Act which allows exemption on an input service if the output service provided by the taxable person is exempt.  [Join GST Online Course by CA… Read More »

TRAN 2 Due Date

By | May 28, 2018

TRAN 2 Due Date Original /Extended Due Date Refer Extended 30 June 2018 Order No 1 /2018  Central Tax :28th March 2018 Original 31st March 2018,  rule 117(4) of the Central Goods and Services Tax Rules, 2017

Transfer Price for GST if Material Transfer within Company

By | May 28, 2018

What will be Transfer Price for GST if Material Transferred within Company Video Tutorial by CA Satbir Singh explaining Transfer Price for GST if Material Transfer within Company [ Join online GST Course by CA Satbir Singh ] What are the valuation rules unde GST for material transfer within company from separate GST number. i.e. Company wants to transfer… Read More »

Income Tax Challan Correction Mechanism

By | May 28, 2018

Income Tax Challan Correction Mechanism Under OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments received from the deductors / taxpayers are digitized on daily basis by the collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct… Read More »

How to Check Income Tax Challan Status online

By | May 28, 2018

Check Income Tax Challan Status online You can check  Check Income Tax Challan Status online Link to check  Check Income Tax Challan Status online Click here  Challan Status Enquiry for Tax Payers Using this feature, tax payers can track online the status of their challans deposited in banks.This offers two kind of search. a) CIN… Read More »

How to respond to Income Tax notices of High Value Cash Transaction on incometaxIndiaefiling.gov.in 

By | May 28, 2018

Respond to the notices related to High Value Cash Transaction Perform the following steps to reply on such notice: Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 Go to the ‘Compliance’ menu located at upper-right side of the page ⇒ Click ‘Accounts with Cash Transaction’ Step 3 List of Bank Accounts with be displayed on the screen, Click ‘Submit’ to provide the response… Read More »

Income Tax Challan FAQs

By | May 28, 2018

Income Tax Challan FAQs General FAQs on Income Tax Challan What are the new challans for the payment of Direct Taxes / Income Tax ? The following new single copy challans have been introduced with effect from July 2005. Sl. No. (1) Challan No. Description Type Of Payment 1. ITNS 280 For payment of Income… Read More »

How to Pay Income Tax online

By | May 28, 2018

How to Pay Income Tax online Here  are the steps to pay Income Tax online Step-1 : Pay Income Tax online To pay taxes online, login to http://www.tin-nsdl.com > Services > e-payment : Pay Taxes Online or click here on the tab “e-pay taxes” provided on the said website. Provide proper link of e-payment Step-2 : Pay Income Tax… Read More »

How to Add CA and File Tax Audit Reports on IncomeTaxIndiaEfiling

By | May 28, 2018

How to Add CA and File Tax Audit Reports on IncomeTaxIndiaEfiling The procedure in brief is mentioned here: PART 1: Add CA- Action by Assessee  To enable the CA, to upload the applicable forms on the assessee’ behalf, the assessee need to first ‘ADD CA’ from his account. Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 Go… Read More »