01
Jul
a comprehensive place to get technical details of taxation in common man’s language
This is the post excerpt.
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20
Jul
Composition Scheme under GST
Composition Scheme under GST: The Composition levy scheme is a very simple, hassle free compliance scheme for small taxpayers. It is a voluntary and optional scheme. Salient Features: No elaborate records required Only quarterly returns required to be filed Payment…
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13
Jul
TDS -Provisions
Tax deduction at source is now a very important subject in the field of taxation in the wake of changes in compounding of offences rules that we have already discussed here Although TDS provisions were already present way back since…
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07
Jul
Budget 2019: A brief Summary
Our learned Finance Minister presented her maiden budget on 05/07/2019 .In this post we will try to analyse some of the salient features of the same that are relevant for Income tax are as follows: Exemption Limit: The limit proposed…
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30
Jun
DPT 3 filing -Return of Deposits
In terms of the Companies (Acceptance of Deposits) Rules, 2014, every company to which these rules apply is required to file with the Registrar: (i) As per Rule 16: a return in Form DPT-3 on or before the 30th day…
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27
Jun
Transition of GST returns
Immediately after taking over the new regime government has started the simplification of return filing process under GST.It will be or not that time will tell but in this post we will try to explain the transition planned and salient…
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22
Jun
Compounding under Income tax Act
As the new government has made it amply clear that it is dead serious on combating corruption so is it on tax compliances.In this context the recent changes regarding compounding are worth paying close attention. What is compounding: Section…
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13
Jun
GSTR 9 Annual Return-Some Clarifications
As the date of filing of annual Return under GST being 30/06/2019 is fast approaching and there appears no news of any extension we present here certain clarifications in the reference of annual return filing which are essential while…
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13
Jun
Income tax returns for F Y 2018-19
New forms for financial year 2018-19 have been released by Income tax department and as expected do contains new features and informations to be fed .In this post we will try to explain the details asked for and their…
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01
Dec
New changes in PAN requirements
CBDT has vide a circular amended the rules in relation to PAN requirements in India wef 05/12/2015.The details of the circular are as follows: a) First requirement says that any entity other than an individual and who has not…
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07
Nov
Provisional Assessment under GST
Intent of the process: Provisional Assessment is a boon for the asessee as well as the department as this concept tries to minimise litigation by assessing the goods/services in advance on the request of the assessee so that in future…
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