WEALTH TAX COMPUTATION

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CBEC to redistribute cases to reduce Pendency of Cases with Commissioners appeal


CBEC to Redistribute Cases in Jurisdictions to Reduce Pendency of Cases With Commissioners Appeal In order to clear the pendency of cases as on 30th June 2017 before the Commissioners of Central Excise and Service Tax Appeals the CBEC will redistribute the cases pending in the jurisdiction of a Prin

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

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

Wrongly paid gst tax in fees section instead of cess payment


GST created challan payment made wrongly to FEES head instead of CESS for the month of August 2017 how to adjust the same in next Challan Read more at https www caclubindia com experts wrong payment of created challan to cess instead od sgst 2557754 asp

tax rate in composition scheme


what is the rate of gst on trading of electrical electronics goods in composition scheme if turnover is less than 20 lack

entry tax


we r manufacturers of graphite powders colloidal Graphite and Graphite Greases Recently we have received notices for the yrs 2012 13 to 2016 2017 from CTO Telangana stating that entry tax levied on purchases against c forms my qtn is why we have to pay entry tax since we are purchasing oil and other

Private trust taxation


Dear Experts A private discretionary trust has received voluntary contribution from it s members This Trust has not obtained a PAN yet Will this contribution be taxable if yest at what rate and in whose hands Trust doesn t have any other income

Determination of tax type


Dear Sir We are a registered dealer in Tamil Nadu We have paid Freight Charges to a Unregistered Transporter GTA in Karnataka against our goods transported from Karnataka to Tamil Nadu Please advice whether we pay IGST or CGST SGST under reverse Charge Mechanism for GTA Please advice the Place of Su

Discussion

Income tax practitioner

How to becoming income Tax Practitioner

tax liable

its correct or not pls anwer me anyone if other income 3lacs long term capital gains 2lacs horse race 1lac my ans is tax payable on other income is 5ooors on ltc is 40000rson hr is 3oooo total 75000 cess 3 2250 assessee individual resident in india age below 60yrs

Gst itc on cars & motor vehicles : analysis by taxheal

GST ITC on Cars Motor Vehicles Analysis by TaxHeal

Bitcoin taxation

Now a days trading in bitcoin is common thing But somebody plz explain how the income earned by way of trading of bitcoins willl be taxed under the income tax act

TAX Rate

What is amended Tax Rate of HSN Code is 8483 or 8482

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File Download

  • Taxability of contribution under PF Scheme

    Taxability of PF under the head salary
  • Tax Connect (With GST) - 141st Issue

    Tax Connect With GS 141st Issue
  • Taxability of allowances

    Taxability of allowances Last day revision points
  • IDT Revision Via Charts

    This document contains the IDT Summary Charts issued by Institute in Students Journal during the month of April 2017 It contains the Summary of Central Excise Service Tax Customs and Foreign Trade Policy It is also important to note that the shared document does not contain any Content on GST
  • GST Compliant automatic Excel billing software

    Full Fledge Billing Software for Business 1 Complete Billing Software 2 100 GST compliant with format published by GST Council 3 Retail and Tax Bill Bifurcation 4 Automatic applicable IGST CGST and SGST calculation 5 Transfer all bill data to another sheet automatically for analysis 6 Automatic Challan Generation 7 Perfect Print Setup 8 One Click Printing 9 One Click Backup of each invoice in different Folder 10 Backup will be retail bill wise and Tax Bill Wise 11Completely working based on formula 12 Flexible Formulas 13 Full Customized 14 Client Database with each and every detail 15 No need to input details of party every time Filters will not work in trial version Pro Version 1 Automatically cloud backup of all invoices 2 Automatic GST rate calculator based on HSN Code 3 Automatic GST rate calculator based on Name of Goods 4 Monthwise analysis of Party wise sales month wise IGST SGST CGST liability calculation 5 1 week training for GST return filing and this software with the fulfilment of the custom requirement of business 6 Automatic the fulfilment of sales invoice data in the form of outward return of GST outward return is to be filled in form GSTR 1 every month How to use 1 First enter the data of party in a database sheet if already entered than put x in the first column 2 in the invoice sheet enter the particulars enter bill no and date from drop down and other details as required 3 click on backup another file will be created in the other folders 4 Finally click merge it will transfer data in the merge sheet

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Articles

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


Amendment & type of Tax payable in GTA Service


I Determination of type of tax payable where the service availed form GTA As we aware if the supplier of goods or services and place of supply of goods or services are located in same State then CGST and SGST of that State is payable However if the supplier and place of supply are located in differe


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Updated on : 10/22/2017 2:21:11 AM



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