wealth tax exemption limit

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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

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

FM hints at reduction in GST tax slabs in future


FM To reduce tax slabs in case of GST we have to become revenue neutral plus Inspects the Passing out Parade of 67th Batch of IRS CCE and delivers Valedictory Address Calls for fair implementation of tax laws Releases NACIN Coffee Table Book and Year Book on its Founding Day The Union Minister of Fi

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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

Claiming exemption under section 10(23c)(iiiad)


Sir my client is a private school registered as a education society and he also have certificate from district registrar certifying that not for profit In FY TURNOVER 2015 16 WAS 97laks In FY TURNOVER 2016 17 was 1 5cr Whether tax audit applicable to education society For 15 16 shall I directly clai

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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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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  • 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

MCA Limits Layering of Subsidiaries by Companies


The Ministry of Corporate Affairs MCA on September 20 2017 notified the proviso to Section 2 87 of the Companies Act 2013 Act and the Companies Restriction on the number of layers Rules 2017 Layering Rules Prior to said notification the restriction on the numbers of subsidiaries as specified under S


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


Step by step guide to convert LLP to Private limited company


While considering the scope of expansion of business the shortcoming of the existing structure may act as hindrance whereas remarkable benefits offered by another type of organization which draws the attention of the promoters to consider the option to change from one business type to another An LLP


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


Time limits under IBC are mandatory


J K Jute MILLS VS M s Surendra Trading Company The Time is essence of the IB Code SHORT SUMMARY In this Flash editorial column the author begins by referring the provisions of Insolvency and Bankruptcy Code 2016 in relation to Times Lines given under IBC Code 2016 As IBC code has prescribed many Tim


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Updated on : 10/17/2017 3:47:12 PM



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