Section wise TDS Rates / TDS Rate Chart for Financial Year 2019-20 or Assessment Year 2020-21 with Nature of Payment, Threshold Limit and Percentage TDS rate applicable to Individual, HUF and to other category of Assessees. Section Nature of Payment Threshold Rs Individual / HUF TDS Rate (%) Others TDS Rate… Read More »
Income Tax slabs for FY 2019-20 (AY 2020-21) For Income Tax Slab Rates for AY 2019-20,AY 2020-21 There are three categories of individual taxpayers:1.Individuals (below the age of 60 years) which includes residents as well as non-residents2.Resident Senior citizens (60 years and above but below 80 years of age)3.Resident Super senior citizens (above 80 years… Read More »
GST Composite Supply and Mixed Supply : Free Study Material Here is the Free study material on GST Composite Supply and Mixed Supply Composite Supply and Mixed Supply : Analysis GST : Composite supply if Separate consideration charged : ICAI raised Issue जी एस टी के अंतर्गत संयुक्त आपूर्ति और मिश्रित आपूर्ति GST Composite Supply &; Mixed… Read More »
The Institute of Company Secretaries of India ( ICSI ), according to the recommendation of the Council at its meeting held on 16th March 2019 has decided to launch three portals, including a placement portal for the Company Secretaries. The Council approved developing a Placement portal, a Practising Company Secretaries (PCS) Portal and a Knowledge… Read More »
Tax on Profits of professionals on presumptive basis Section 44ADA of Income tax Act Inserted by the Finance Act, 2016, w.e.f. 1-4-2017 regarding Special provision for computing profits and gains of profession on presumptive basis. we have discussed Commentary on Section 44ADA of Income tax Act Section 44ADA of Income tax Act Read Section 44ADA of Income tax Act… Read More »
Issue : Applicability GST on the AMCs for diesel and natural gas engines sold by it. Held The Authority for Advance Ruling (AAR), Maharashtra has held that the supply under annual maintenance contracts (AMCs) are a “composite supply” and classified them as service. “It is submitted that the main object of the contract is to… Read More »
Land held as Stock in Trade but not reflected in Financials Q: Can the Assessing Officer say that Land (treated as stock in Trade by Assessee, but not reflected in the Financial statement as opening and closing stock ) is a capital Asset? Not reflecting the amount as opening WIP and closing WIP is not fatal.… Read More »
How to prepare GSTR 1 from Invoices of e-way bill system ईवे बिल से जीएसटीआर 1 कैसे बना Related Post on Eway Bill Video : Impact if wrong HSN Code mentioned in Eway Bill Video : How to Make eway bill by SMS : GST News [ Part 205] : TaxHeal.com Video; Eway Bill Clarifications issued by… Read More »
GSTR 3B Offset Error Following is the error while offsetting GSTR 3B liability for the month of February 2019 ” offset the CGST credit against the CGST liability first before cross-utilization.If error persists quote error number LG9069 when you contact customer care for quick resolution.” GSTN Reply Resolution Remark : Problem Reported: Concern regarding the new… Read More »
34th GST Council Meeting 34th GST Council Meeting Press Release 34th GST Council Meeting is held on 19th March 2019 (Tuesday) by Video Conferencing . 34 GST Council Meeting Decisions Decisions taken by the GST Council in the 34thmeeting held on 19thMarch, 2019 regarding GST rate on real estate sector GST Council in the 34th meeting… Read More »