lbt payment challan

News

Limits reduced to Rs 10000 from 20000 for cash expenses u/s 40A(3)


Measures to discourage cash transactions The existing provision of sub section 3 of Section 40A of the Act provides that any expenditure in respect of which payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque drawn on a bank or account payee bank draf

Proposal to provide for grant of interest in case of refund of excess payment of TDS


Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

Budget proposes No Cash Transaction above Rs 3 lakh


Budget gives a major push to Digital Economy proposes No Cash Transaction above Rs 3 lakh Government to launch schemes to promote BHIM app Aadhar Enabled Payment System Mission to be set up to achieve a target of 2500 Cr digital transactions in 2017 18 Series of measures proposed to strengthen and r

No final decision on levy of banking cash transaction tax


No Final Decision taken on the Recommendations of the Committee of Chief Ministers on Digital Payments constituted under the Chairmanship of Shri Chandrababu Naidu Chief Minister of Andhra Pradesh A Committee of Chief Ministers was constituted under the Chairmanship of the Chief Minister of Andhra P

Payment of service charge in restaurant is voluntary


Restaurants billing service charges in addition to taxes is optional Department of Consumer Affairs Consumer has discretion to pay service charge or not Department of Consumer Affairs A number of complaints from consumers have been received that hotels and restaurants are following the practice of c

More News



Experts Opinions

Annuity payment from lic taxable or not? plz help


whether annuity payment received from LIC by the spouse after the death of her husband is taxable or is it an exempt income plz explain by referring income tax provisions and if it is taxable then whether i can claim any deduction for such income like in case of family pension where we claim 1 3 of

Regarding claim of repayment of loan n interest on housing loan


Sir I have a self occupied flat which is in the name of my father but now since he has winded up his business I am paying the loan I am a salaried employee But can i claim the same because I m neither a borrower nor an owner

Time of supply and payment of gst liability as per model gst


Time of Supply and Payment of GST Liability as Per Model GST Law In GST Time is generally the earliest of one of three events 1 Issuance of invoice 2 Completion of Supply 3 Receiving Payment We are a manufacturer as well as service provider If we don t want to go not possible to go with above 3 even

Esic payment


As we know applicability of ESIC is when worker has wages less then 15000 p m But what if i employed worker at a daily wages of Rs 500 So in the month of April June Sept it will be exactly Rs 15000 and in other months it will be 15 500 so for such case ESIC will applicable or not

Notice u/s 210 non payment of advance tax


Dear Experts We have received Notice U s 210 for Non Payment of Advance Tax as compared to December 2015 Quarter Can any one please share letter format for reply to income tax department for the Notice Thanks in Advance

Discussion

Taxability of severance payment

Hi Please confirm whether severance payment is fully taxable or partially exempted It is received in FY 2015 2016 If partially exempted then how to calculate it

Payment of pre deposit

Can Pre Deposit be paid by way of reversal of Cenvat credit

Service tax challan filling

PLEASE CLARIFY ME HOW TO UPLOAD RETURNOF SERVICE ALSO PROVIDE CBEC LINKS WHERE TO UPLOAD THE RETURN

Deduction wrt HL interest and repayment

What are the basic conditions for claiming deduction wrt HL Interest and repayment Whether all the three conditions land in own name building in own name and HL in own name to be fulfilled Whether 50 of deduction claimed will be disallowed if land and building are in assessees name but for the HL sp

Mode of payment for subscriber to moa

I HAVE INCORPORATE A PRIVATE LIMITED COMPANY IN LAST AUGUST 2016 BANK ACCOUNT ALSO OPENED BUT SHARES AMOUNT NOT PAID BY TWO SUBSCRIBER OUT OF SIX SUBSRIBER MY QUESTION IS THAT WHETHER IT IS POSSIBLE TO ACCEPT SHARES AMOUNT IN CASH FROM THIS SUBSCRIBERS WHETHER SECTION 42 5 WILL BE APPLICABLE TO SUBS

More Messages






File Download


More Files

Articles

Levy and payment of GST - An insight analysis


Levy of and Exemption from GST There shall be levied a tax called the Central State Goods and Services Tax CGST SGST on allintra State suppliesof goods and or services on the value determined under section 15 and at such rates as may be notified by the Central State Government in this behalf but not


GST- Registration Form, Return, Payment, Invoice, Refund Forms as per GST Draft Rules


The filling and submission of Return is the most important requirements from the statutory angle This will play the vital role in between the Tax payer and Tax dept under GST The below are the summary of Forms Return Payment Forms Refund Forms Invoice Forms as per Draft Good and Service Tax Rules DR


Payments Banks in India


Payment banks Last week Airtel Bharti has launched its payment bank service Airtel Payments Bank in Rajasthan on a pilot basis and has claimed to have opened nearly 10 000 accounts in rural and semi urban areas within two daysof operation Going forward lots of discussion will be going on about what


CBEC unveils Draft GST Rules for registration, invoice and payment


In order to engage with the stakeholders and invite comments from the public at large the Government has placed the Model GST Law on public domain on June 14 2016 after getting in principle nod from the Empowered Committee of State Finance Ministers and most importantly now the President has accorde


Payment Bank - A New Feather in Indian Banking System


As per Section 5 b of the Banking Regulation Act 1949 Banking means the accepting for the purpose of lending or investment of deposits of money from the public repayable on demand or otherwise and withdrawal by cheque draft order or otherwise Scheduled Commercial Banks in India are categorised into


More Articles


Updated on : 2/20/2017 5:26:12 AM


CCI online Coaching


KPMG


MilesEducation



CCI Jobs

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
  SHARE THIS