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Change in the Income Tax Returns forms has become an annual feature
Change in the Income Tax Returns forms has become an annual feature Some changes are incorporated every year. Following are the change in the Income Tax Returns forms has become an annual feature For the current year, there is no change in the form number
Filing of GSTR 4 for qtr ended on 31st March
Filing of GSTR 4 for qtr ended on 31st March: New utility for the filing of GSTR 4 is released by CBIC.This utility is named as GST offline utility v2.1.Let us discuss some important points related to this utility. Information to be provided: Following tables
CA Shafaly GirdharwalDIRECT TAX UPDATE
DIRECT TAX UPDATE A glimpse of new requirements in ITR forms for AY 2018-19 after direct tax update: 1. Additional disclosure requirements for Ind AS Compliant Companies. [Applicable for ITR 6] 2. Fees for late filing of return [Section 234F]. [Applicable for ITR 1 to
Due Dates during the month of April 2018
Due Dates during the month of April 2018 ■ 10-04-2018- Due date for filing GSTR -1 for the month of February 2018 – Applicable for taxpayers with Annual Aggregate turnover More than 1.5 Crore. ■ 14-04-2018- Due date for issue of TDS Certificate for tax
Late fees on filing of ITR after due date
Late fees on filing of ITR after due date From Financial Year 2017-18, if Return is not filed within due date, late fee of Rs.5,000 for delay up to 31st December, and Rs.10,000 thereafter. Such fee will be restricted to Rs.1,000 for small taxpayers with
CGST Circular No. 40/14/2018-GST
CGST Circular No. 40/14/2018-GST F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs (GST Policy Wing) New Delhi, April 6, 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners/ Commissioners of Central
GST LitigationMeaning of Cognizable Offense in India
Meaning of Cognizable Offense in India Cognizable offense means an offense where a police officer can arrest without warrant. In the language of law: cognizable offense means an offense for which, and ‘cognizable case’ means a case in which, a police officer may, in accordance
Railway catering services to attract 5% GST
Railway catering services to attract 5% GST In a press release it is clarified that the railway catering services will attract the 5% GST.The finance ministry today said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways
Is Your Landlord an NRI? Let’s Understand If You Are on the Right Side of Tax Law Compliance
“Ignorance of the law is no excuse in any country. If it were, the laws would lose their effect, because it can always be pretended”. – Thomas Jefferson (1829). Indian tax laws are perceived to be the second most complex in the Asia-Pacific region, becoming
No need for Manual submission for LUT
No need for Manual submission for LUT On 6th April 2018, Circular No.40/2018 is issued regarding the clarification for the acceptance of the LUT. This circular modifies the previously issued Circular no. 8/2017 dated 4th October 2017. Following are the modifications made with the circular:
CBDT releases ITR Forms applicable for FY 2017-18 or AY 2018-19.
CBDT releases ITR Forms applicable for FY 2017-18 or AY 2018-19. CBDT releases Forms Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V as applicable for Financial Year 2017-18 or Assessment Year 2018-19. MINISTRY OF FINANCE
ITR Forms issued For FY 2017-18
ITR Forms issued For FY 2017-18 With the notification issued by the government of India, the ITR forms have been issued with the notification. There are some basic changes in the ITR forms. Following are ITR forms issued for FY 2017-18 the and the Notification