Popular Articles

Relaxation in due dates for filing GSTR and year end activities to be carried out before 30 Sep 2020

Manasa Reddy Bonam 18 August 2020 at 09:56

Know the various GST Returns to be filed on or before 30/09/2020 and the compliance to be fulfilled before 30/09/2020

Sales Tax - AP Impact on all state businessman

Amit Jolly 24 May 2014 at 13:07

SPLITING OF ANDHRA PRADESH & ITS IMPACT ON BUSINESS WORKING As you all are aware that Andhra Pradesh is going to split into two new states on 02.06.2014 i.e. Telangana and New Andhra pardesh. Accordingly, in system there will be two two new busi

Section 44ADA- Presumptive taxation scheme for assessees engaged in eligible profession

CA Santhosh Gupta Kethepalli 03 August 2020 at 10:47

Scheme for presumptive taxation was introduced under section 44ADA from the F.Y.2016-17. Section 44ADA provides a simple method of taxation for Specified Small professionals. Earlier, the presumptive scheme of tax was applicable only for small business.

Beware! No Entry for false entry in Income Tax and GST!!

CA Umesh Sharma 25 February 2020 at 10:19

Several cases of fraudulent claim input tax credit (ITC) have been caught by the GST authorities. Considering the same, in Union Budget 2020 it has been proposed to take massive steps to curb issuance of fake invoices. To curb issuance of fake invoices, New penalty section 271AAD has been proposed to be inserted in the Income Tax Act through Finance Bill, 2020.

FY 2018-19: Actions in September 2019 GST returns

CA Akshay Hiregange 10 October 2019 at 16:51

FY 2018-19: Actions in September 2019 returns

Tax deduction for salaried employees

Jitender Garg 15 March 2008 at 13:23

Tax deduction for salaried employees FOR salaried employees it is possible to get tax deduction from the employer in respect of investments made or amount spent in terms of the provisions contained in Section 80C of the Income-tax Act, 1961.The emplo

GST Taxpayers!! - Arise and Fight against Injustice of Interest Charged

CA Umesh Sharma 17 February 2020 at 10:05

CBIC asked the tax officers to collect tax on the Gross Tax Liability. Post this the taxpayers raised concerns that the interest should be calculated on the net tax liability as proposed in the Union Budget by the FM by way of amendment in Section 50 of the CGST Act, however, the CBIC clarified that the effect of such amendment will be prospective.