Real Estate ALERT – INCOME Tax Will Only Consider Turnover as per ICDS

Real Estate ALERT – INCOME Tax Will Only Consider Turnover as per ICDS BY CA Ankit Gulgulia (Jain) Finance Bill, 2018 has newly inserted Section 43CB which provides...

Benefits of Chapter VIA Deductions only allowable now if Return filed within Deadlines of...

Benefits of Chapter VIA Deductions only allowable now if Return filed within Deadlines of 139(1) By CA Ankit Gulgulia (Jain) All Chapter VIA – Heading C Deduction shall...

Supreme Court Painfully Surprises- Denies Cenvat Credit on Outward Goods Transportation !

Cenvat Credit on Outward Goods Transportation Denied! – Supreme Court Judgement Will Hurt Many Assesses By CA Ankit Gulgulia (Jain) Supreme Court set aside all High Courts...

Centralized Communication Centre – Your New Income Tax Officer !

Centralized Communication Centre –  Your New Income Tax Officer ! The CBDT i.e. Board of Direct taxes has recently issued a very interesting Notification that leads to pave...

Why 31st March, 2018 is the Big Date??

Why 31st March, 2018 is the Big Date?? Yes, every year comes 31st March with all closings and stock verifications etc, but this year onwards every 31st...

GSTR3B Problem Resolved:- TRAN-1 Filed not Submitted, Government Reopened the Window

GSTR3B Problem Resolved:- TRAN-1 Filed not Submitted, Government Reopened the Window We earlier discussed this problem faced by so many dealers where TRAN-1 was filed without DSC led...
How to File Letter of Undertaking Online under GST

How to File Letter of Undertaking Online under GST

How to File Letter of Undertaking Online under GST Dear Reader, Much to the relief of exporters all across the country be it of Goods or services,...

TDS @ 20% For Non PAN Foreign Assessees – Delhi HC Reads Down Stating...

TDS @ 20% For Non PAN Foreign Assessees - Delhi HC Reads Down Stating Treaty Supremacy TDS liability @20% - payment to non-residents not having...

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill,...

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018 February 20, 2018 Contents In a major policy initiative to protect the...

GST regime not user-friendly, says Bombay High Court

GST regime not user-friendly, says Bombay High Court The Bombay High Court said the goods and services tax (GST) regime wasn't easy to use, questioning the celebratory midnight session of Parliament...

Check Shipping Bill Data of Your Export First on ICEGATE :- DGFT Advises

Check Shipping Bill Data of Your Export First on ICEGATE :- DGFT Advises Advise to exporters to promptly check Shipping Bill transmission status on ICEGATE...

{Video – 5 Mins} Income Tax Changes Budget 2018 – By CA Ankit Gulgulia...

{Video - 5 Mins} Income Tax Changes Budget 2018 - By CA Ankit Gulgulia (Jain)

Long Term Capital Gains on Equity Shares & Equity Oriented Funds Taxed @ 10%...

Long Term Capital Gains on Equity Shares & Equity Oriented Funds Taxed @ 10% - Modus of Computation with Sample Calculation By CA Ankit Gulgulia (Jain) As...

Real Estate Price within 5% of Circle Rate is allowable without any Income Tax...

Real Estate Price within 5% of Circle Rate is allowable without any Income Tax Adjustment By CA Ankit Gulgulia (Jain) In Current Scenario where the Transaction Prices...

Foreign Exchange Gains and Losses allowed under Income Tax only as per ICDS, Not...

Foreign Exchange Gains and Losses allowed under Income Tax only as per ICDS, Not as per Audited Books any More By CA Ankit Gulgulia (Jain) Finance Bill, 2018...

Budget 2018 – MTM Losses Allowable Only as per ICDS

MTM Losses Allowed as Deduction under Income Tax Only if Computed as per ICDS Prescribed By CA Ankit Gulgulia (Jain) Section 36(1) of Income Tax Act, 1961 will...
ROC Search Report – How to Prepare and Format

Union Budget 2018 – Changes in Service Tax

Union Budget 2018 - Changes in Service Tax F.No. 334/04/2018-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Amitabh Kumar Joint Secretary (Tax Research Unit) Tel: 011-23093027; Fax:...

Employee Termination Income post Employment liable to Charged u/s 56 as other Sources

Employee Termination Income post Employment liable to Charged u/s 56 as other Sources Finance Bill, 2018 New Insertion to Make Heavy on termination Pay  56 (8) after clause...

GST ON PRINTING INDUSTRY – A DETAILED ANAYLSIS & ITEM WISE RATE TABLE STUDY

GST ON PRINTING INDUSTRY – A DETAILED ANAYLSIS & ITEM WISE RATE TABLE STUDY By CA Ankit Gulgulia (Jain) Printing Industry is a very wide Industry ranging from...

List of New Service Exemptions by 25th GST Council Meeting Dated 18.01.2018

List of New Service Exemptions by 25th GST Council Meeting Dated 18.01.2018 The 25th GST Council meeting was held at New Delhi on 18.01.2018.  The said meeting was...

GST Rates Reduced from 18% to 5% for Construction Services of Sewage Treatment &...

GST Rates Reduced from 18% to 5% for Construction Services of Sewage Treatment & Common Effluent Treatment Plants The 25th GST Council meeting was held at New Delhi...

GST Rates Reduced to 0.25% from 3% on Diamonds & Precious Stones

GST Rates Reduced to 0.25% from 3% on Diamonds & Precious Stones The 25th GST Council meeting was held at New Delhi on 18.01.2018.  The said meeting was...

GST Rates Slashed from 18% to 5% on Scientific & Technical Instruments & Domestic...

GST Rates Slashed from 18% to 5% on Scientific & Technical Instruments & Domestic LPG The 25th GST Council meeting was held at New Delhi on 18.01.2018.  The...