wealth tax computation format

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Direct Tax Collections show a growth of 15.8% upto September 2017


The provisional figures of Direct Tax collections up to September 2017 show that net collections are atRs 3 86 lakh crorewhich is15 8 higher than the net collections for the corresponding period of last year Net Direct Tax collections represent39 4 of the total Budget Estimates of Direct Taxes for F

GST rate structure for Petroleum and Oil Sector


To reduce the cascading of taxes arising on account of non inclusion of petrol diesel ATF natural gas and crude oil in GST and to incentivise investments in the EP exploration and production sector and downstream sector the GST Council in its 22nd meeting held on 6thOctober 2017 has made the followi

No further extension of last date for filing GSTR 1 for July, 2017


The last date for filing GSTR 1 for the month of July 2017 is10th October 2017 An extension of two months has already been given There will be no further extension given to taxpayers for filing their GSTR 1 return for July Taxpayers who have not yet filed their GSTR 1 for July are advised to do so i

Bank data reveals 5800 companies with 13140 suspicious accounts


Government of India receives vital information from 13 Banks regarding the bank account operations and post demonetization transactions of some of the 2 09 032 suspicious companies that had been struck off the Register of Companies earlier this year Investigative agencies have been asked to complete

Notification on extension of facility of LUT to all exporters issued


To be published in the Gazette of India Extraordinary Part II Section 3 Sub section i Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 37 2017 Central Tax New Delhi the 4thOctober 2017 G S R E In exercise of the powers conferred by sec

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Experts Opinions

Gst tax rate for old iron merchants


Hai Friends Pls Share Me The Various Tax Rates For Old Scrap Dealers Old Iron Waste Paper n Other Scrap Kindly Share Me Wheather Composition Scheme Better Or Regular Gst Registration Is Suitable If They Are Sending Old Scrap For Other States Thank u

How to show fixed assets gst input tax


Sir Mam my purchaser uploaded fixed asset details but I have to take only 50 ITC this year and remaining next year how can I accept his purchase details in GSTR 2 I am not able to understand please clarify these doubt Thanking you

Gst tax payment, 2a incomplete


We have to file GSTR3B for September before October 20 and pay due tax before filing return However GSTR2A doesn t reflect the input credit available since suppliers have not filed GSTR1 for September Thus how to file GSTR3B for September

Gst tax payment- 2a incomplete


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POT RULES OF SERVICE TAX


In rule 5 of POT of service tax 14 days shall be counted from which date if new levy is on 1 06 2017 then 14 days will be a 15 06 b 14 06 c any other date please specify

Discussion

cancellation of migrated tax payer registration

cancellation of registration of migrated taxpayers whose turnover is below 20 lacs please provide the process of cancellation of same

gst tax on caposition

when will tax deposit of composition

Without include tax invoice

UFORTUNATLYWe are overlook one party GST INVOICE figure for Rs 590 00 SGST 45 00 CGST 45 00 which shown our GSTR2A Auto July 17 return But sir we are already submitted our GSTR3B July 17 Aug 17 Sep 17 return after Tax computation Without Including Input Tax Credit for the above Invoice What can We d

Income tax on sale of agriculture land

Dear Friends One of my friend sold a Agricultural Land at arround Rs 1 00 00 000 00 One crore only during September 2017 What is itsimpact on IT

Service tax input credit - what to do? since gst is implimen

Since GST has come into force on 1st July 2017 i have seen that many entities are carrying forward their Input tax credit in current asset side I feel this inflates the assets value I am not sure what has to be done As per me it has to be written off is this correct Please do let me know at the earl

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Articles

How to convert JSON file to Excel Format? - GSTR 2 Filing


Steps to convert JSON file into Excel format Step 1 Login to GST Portal by using the below link https services gst gov in services login Step 2 Go to return dashboard select financial year month and proceed Step 3 In Auto drafted GSTR 2A tab Click on download Generate file A message will be displaye


Major changes in Income Tax for FY 2017-18


There will be several changes including tax slabs ITR due dates etc in Income Tax for FY 2017 18 AY 2018 19 Take a look on those changes INCOME TAX SLAB RATE According to Budget 2017 18 Income tax slab rate has been changed for FY 2017 18 Earlier 10 tax rate has been reduced to 5 now other rates rem


Effects of Demonetization and GST on Personal Income Tax Growth


Undoubtedly there are two things in ones life which they cannot overlook Death and Taxes Here when we talk about tax we refer to income tax liability of an individual which is certain after a certain level of income is reached Although there is a certain tax rebate in India individuals earning over


Income Tax Department ask assessee to update their information


The Income Tax Department has asked taxpayers to update their profiles on its e filing portal i e https incometaxindiaefiling gov in The official notification date is 22nd September 2017 These are the following details which is required to be updated adsbygoogle window adsbygoogle push New Registrat


Interest on delayed payment of tax - Section 50 of CGST, 2017


Introduction This article discusses in detail about interest payable on late payment of tax liability under GST Every person who is liable to pay tax under GSTfailsto pay the tax or any part thereof to the Government within the due date then he shall pay on his own interest at 18 or 24 P A on outsta


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Updated on : 10/17/2017 3:45:42 PM



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