LETTER OF UNDERTAKING
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LETTER OF UNDERTAKING Exporters need to furnish Letter of undertaking (LUT) for making zero rated supply without payment of integrated…
Month: May 2018
Reverse Charge Mechanism (GST)
Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other…
Points to be considered while filing Income Tax Returns for current year
Points to be considered while filing Income Tax Returns for current year Changes in the ITR forms are made mainly…
JDA – Income Tax Liability arises at the time of issue of completion certificate.
Joint Development Agreement: Income Tax Liability arises at the time of issue of completion certificate. Concept of Joint Development…
Gift from non relative – Query?
Query – respected Sir, my daughter has turned 18 recently. on her birthday she has received gifts from non relatives…
Benefits of sec 54 F available even if residential property purchased in the name of spouse
Benefits of sec 54 F available even if residential property purchased in the name of spouse Issue: Whether benefits…
Failure to deduct TDS u/s 194B in respect of winning which are wholly in kind, can be deemed to be assessee in default u/s 201.
Failure to deduct TDS u/s 194B in respect of winning which are wholly in kind, can be deemed to be…
Start up & Rules regarding maintenance of books of accounts
Start up & Rules regarding maintenance of books of accounts With the growth of Start-up culture in the country, new…
JOB WORK UNDER GST
JOB WORK UNDER GST One of the significant industry in an Indian economy is job work. It is processing of…
EFFECT OF DISCOUNT IN GST
EFFECT OF DISCOUNT IN GST All kinds of discounts such as trade discounts, cash discounts, turnover discounts etc. are treated…
STEP BY STEP PROCEDURE FOR TDS REGISTRATION UNDER GST
STEP BY STEP PROCEDURE FOR TDS REGISTRATION UNDER GST For Registration, follow the steps as given below: Log into https://www.gst.gov.in…
Reopening without inquiry & further application of mind is void
Sunil Agarwal vs. ITO (ITAT Delhi) S. 147/ 151: If the AO reopens on the basis of information received from…
With almost 2 months of delay, All ITR forms are now available for filing
With almost 2 months of delay, All ITR forms are now available for filing The Income Tax Department on Saturday…
Loan accepted through journal entries – No penalty leviable u/s 269SS
Loan accepted through journal entries – No penalty leviable u/s 269SS When the loan is accepted by acknowledgement of debt…
Applicability of ITR forms for taxpayer – Summarised in Chart
Applicability of ITR forms for taxpayer – Summarised in Chart Individual and HUF Individual and HUF…
New FM – New Rule: Power of CA Curtailed
New FM – New Rule: Power of CA Curtailed Central Government has amended Rule 11UA of Income-tax, Rules 1962 whereby…
GST: BEFORE YOU FINALIZE YOUR INCOME TAX RETURN
GST: BEFORE YOU FINALIZE YOUR INCOME TAX RETURN Things to keep in mind while finalizing books of account of first…
FAQ ON Demand Related Queries
Demand Related Queries 1. Whom should I approach to rectify the demand amount? 2. How to know my Jurisdictional Assessing…
