penalty for late payment of vat

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Extension of date for online filing of DVAT return


GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES POLICY BRANCH VYAPAR BHAWAN I P ESTATE NEW DELHI 110 002 No F 7 420 VAT Policy 2011 PF 1159 64 Dated 13 02 17 CIRCULAR NO 23 of 2016 17 Sub Filing of online return for 3rd quarter of 2016 17 Extension of period thereof I

Four Advance Pricing Agreements signed by CBDT


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 7thFebruary 2017 Another Four Advance Pricing Agreements signed by CBDT The Central Board of Direct Taxes CBDT has entered into four more unilateral Advance Pricing Agreements APAs on 6th February 2

Restriction of Rs 2 lac on set-off of loss from House property


Section 71 of the Act relates to set off of loss from one head against income from another In line with the international best practices it is proposed to insert sub section 3A in the said section to provide that set off of loss under the head Income from house property against any other head of inc

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

Penalty on CA and professionals for furnishing incorrect information in statutory report or certificate


The thrust of the Government in recent past is on voluntary compliance Certification of various reports and certificates by a qualified professional has been provided in the Act to ensure that the information furnished by an assessee under the provisions of the Act is correct Various provisions exis

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Experts Opinions

Vat returns filing


i have a small kirana store Turnover Approximately 14 Lakhs p a i am purchased kirana items from local guys without any vouchers Receipts and i sale MRP Price to retail i have no vouchers bills Receipts on both sales Purchases but i have TIN now how to file vat returns without any bills In our small

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

For assesment related


vat return not filled for FY 2014 15 and during the assesment 5000 penalty imposed by ACTO and after assesment we have filled return of 14 15 what can i do now re assesment

right issue by private company


dear experts whether shareholders resolution is required for right issue of shares

Related to form 112


I Have submitted form 112 before 1 5 month to obtain permission to study other course but still now i didnt get any intimation from the ICAI can anyone advise me should i do anything further or i can assume as its approved and i need not to look forward

Discussion

File vat return without any bills

i have a small kirana store Turnover Approximately 14 Lakhs p a i am purchased kirana items from local guys without any vouchers Receipts and i sale MRP Price to retail i have no vouchers bills Receipts on both sales Purchases but i have TIN now how to file vat returns without any bills In our small

How to file vat return

i have a small kirana store Turnover Approximately 14 Lakhs p a i am purchased kirana items from local guys without any vouchers Receipts and i sale MRP Price to retail i have no vouchers bills Receipts on both sales Purchased but i have TIN now how to file vat returns without any bills

Taxability of severance payment

Hi Pleaee 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

Penalty for late filing of mvat return for f.y. 2016-17

what is the late fee for non filing or late filing of mvat return due to non creation of login id and password i had not filed the return from june 16 periodicity of return is monthly whether i have to pay 5000 penalty or 2000 or 1000 for individual return

Tds on works contract - tnvat (setting off)

Hi In the Form I return we have a VAT payable of Rs 20 000 and TDS credit available Rs 90 000 from 10 different deductions Can I select all the 10 deductions and set off the entire Rs 90 000 against this Rs 20 000 Will the balance of Rs 70 000 00 be available for set off next month

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How to incorporate a private limited company? (Spicy way)


Forming a company with too many forms has become a Baba Aadam Zamanasthing Moving towards ease of doing business Ministry of Corporate Affairs MCA has spiced up the way a company is formed by introducing and constantly upgrading the SPICE forms Simplified Proforma for Incorporating Company Electroni


Section 101 appeals to appellate tribunal


The provisions relating to filing of appeal to the appellate tribunal are discussed in this update The appeal provisions prescribing time limit for filing appeal to Tribunal are similar to that for filing appeal to first appellate authority with the distinction that the first appellate authority can


Penalty proposed in Budget u/s 271J on CAs: Valid or invalid?


After the presentation of the new Budget on 1st February 2017 by the Finance Minister of India Shri Arun Jaitley Every CA professional is discussing the Penalty proposed by him on the Chartered Accountants u s 271J of the Finance Bill 2017 Heres the extract from the notes of the Finance Bill 2017 Cl


Finance Bill 2017: Tax Planning and Controversy related to Surcharge


In this article taking three provisions of Finance Bill 2017 taxation effect is studied under different scenarios with hint of tax planning Further controversial provision of surcharge under one of the scenarios with its suggested solution is also given 1 Income Tax slabs are not changed but the tax


Related party transaction under companies act, 2013


SECTION 188 R D W RULE 15 OF COMPANIES MEETINGS OF BOARD AND ITS POWERS 2014 I RELATED PARTY TRANSACTION such as a sale purchase or supply of any goods or materials b selling or otherwise disposing of or buying property of any kind c leasing of property of any kind d availing or rendering of any ser


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Updated on : 2/19/2017 12:24:15 PM


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