Blogs/Articles

Normal TCS rate for financial year 2020-21 were changed w.e.f 14th may 2020 by reducing normal rates by 25%. But ...
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Financial year 2020-21 is reaching to its ends in few days. 31st March is an important deadline with reference to ...
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Reduced TDS rate which were changed w.e.f 14th may 2020 by reducing normal TDS rates by 25%, were applicable only ...
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Due Dates of Income tax as applicable for FY 2021-22 (AY 2022-23) (A) Due date for filing Income tax Return ...
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GST important Due dates for Financial year 2021-22 (A) Default Due date for filing of GST return and Default due ...
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There is many terms like Balance of payment, Balance of Trade, Current A/c Deficit, Capital account deficit, trade deficit, forex ...
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The Finance Minister, Nirmala Sitharaman presented her third Union budget 2021 in Parliament today i.e. 01-02-2021. Following are important proposals ...
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Every person wants to make the best decision but every person may have a different risk attitude and our risk ...
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Investment is a good habit to make our future more independent. Keeping some part of our money to get more ...
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Normal TCS rate for financial year 2020-21 were changed w.e.f 14th may 2020 by reducing normal rates by 25%. But ...
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Normal TDS rate for financial year 2020-21 were changed w.e.f 14th may 2020 by reducing normal TDS rates by 25% ...
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(A) Income tax Rates for Individual & HUF, AOP, BOI & AJP New Income tax slab rate for individual & ...
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Due Dates of Income tax as applicable for FY 2020-21 (AY 2021-22) (A) Due date for filing Income tax Return ...
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GST important Due dates for Financial year 2020-21 (A) Default Due date for filing of GST return and Default due ...
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Insights of Indian Economy before hit by COVID-19 ParametersValueRemarksArea 3,287,263 sq kmArea of india within 15200 km of land frontier ...
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Last date for filing ITR for FY 2019-20 extended to 10th January 2021 As per official notification dated 30th December ...
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31st March 2020 was last date to file your Income tax return for FY 2018-19 which is now extended to ...
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How a Package of Rs. 20 Lakh Crores going to make India - Atmanirbhar Bharat: First Phase-13th may 2020 We ...
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Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this ...
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39th Meeting of GST council held in New Delhi today. Some of highlights are given below:-. It was decided to ...
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GST important Due dates for Financial year 2019-20 (A) Default Due date for filing of GST return and Default due ...
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Important Highlights & Tax Proposals of Finance Budget 2020-21 The Finance Minister, Nirmala Sitharaman presented his second Union budget 2020 ...
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Have you done financial planning for 2019-20 before the deadline 31st March 2020/30th July 2020/30th September 2020 - Check out ...
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Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020) Economic Survey ...
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Rates of Income tax for Financial year 2019-20 i.e. Assessment year 2020-21 (A) Income tax Rates for Individual, HUF, AOP ...
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Due Dates of Income tax as applicable for FY 2019-20 (AY 2020-21) (A) Due date for filing Income tax Return ...
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TDS is introduced in GST w.e.f. 01.10.2018: All about TDS in GST Law GST Law mandates Tax Deduction at Source ...
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CBDT further extends due dt for filing of IT Returns & audit reports from 15th Oct,2018 to 31st Oct, 2018 for all ...
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In view of disruption caused due to severe flood in Kerala, CBDT extended due date for ITR from 31st August ...
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All about Reverse charge Mechanism In GST. What is Reverse Charge Normally Supplier of goods or services is liable to ...
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CBDT has released parameters for manual selection of Income Tax Returns for Complete Income Tax Scrutiny during financial year 2018-19 ...
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As per GST Portal, Last date of filing GSTR-3B for the month of July, 2018 has been extended to 24th Aug, 2018. Official Order is ...
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On 17th August 2018, CBDT issued order under section 119 of Income Tax Act 1961 that reporting under clause 30C ...
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In a new record, Income Tax worth Rs 10.03 lakh crore was collected during 2017-18, the Central Board of Direct ...
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Due dates for filing GSTR 1 for all months from July 2018 till March 2019 has been extended to 11th ...
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Statutory and Tax Compliance Calendar for August 2018 S.No Particulars of Compliance Forms/returns Due Date Compliances Calendar for GST 1 ...
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Summary of GST meeting 4th August 2018: 1. GOM for MSME Issues: a. GST Council constitutes a Group of Ministers ...
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The GST Council in its 28th GST Council Meeting held on July 21, 2018 under the Chairmanship of Shri Piyush Goyal, ...
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Tax Audit under section 44AB was introduced by Finance Act 1984, w.e.f. 1st April 1985 (A. Y. 1985-86). The main ...
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Most of Salaried Employees are involved in derivative trading (trading in future and options or F&O on stocks, currencies, and ...
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Rates of Income tax for Financial year 2018-19 i.e. Assessment year 2019-20(A) Income tax Rates for Individual, HUF, AOP & ...
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The finance ministry in a tweet has announced the extension of income tax return filing deadline by a month to ...
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28st GST Council meeting held on 21st July 2018 and we are presenting here the key decisions taken in this ...
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28th GST Council meet on Saturday i.e. 21st July 2018: Return simplification, law tweaks, setting up of tribunal on table ...
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Due Dates of Income tax as applicable for FY 2018-19 (AY 2019-20) (A) Due date for filing Income tax Return ...
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Due Dates of Income tax as applicable for FY 2017-18 (AY 2018-19) (A) Due date for filing Income tax Return ...
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Rates of Income tax for Financial year 2016-17 i.e. Assessment year 2017-18 (A) Income tax Rates for Individual, HUF, AOP ...
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Rates for Tax Collection at Source (TCS) (FY 2017-18 & AY 2018-19) Following given are the rates at which tax ...
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Rates for Tax Deducted at Source (TDS) (FY 2017-18 & AY 2018-19) Following given are the rates at which tax ...
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Rates of Income tax for Financial year 2017-18 i.e. Assessment year 2018-19 (A) Income tax Rates for Individual, HUF, AOP ...
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GST important Due dates for Financial year 2018-19 (A) Due date for payment of GST (From 01-04-2018 to 31-03-2019) Taxpayer ...
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Due dates for the month of July 2018. GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul'17 ...
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(A) Due dates for Compliances under GST for the Month of June 2018 10-06-2018- Due date for filing GSTR -1 for the ...
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Section 9 (4) of the Central Goods and Services Tax, 2017 (CGST Act in short) and Section 5(4) of Integrated ...
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Financial year 2017-18 is reaching to its ends in few weeks. 31st March is an important deadline with reference to ...
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What is Job Work? Any treatment or process undertaken by a person on goods belonging to another registered person is ...
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What is E-Way Bill? E-way bill is an electronic document generated online from E-way bill portal (https://ewaybillgst.gov.in/) which is required ...
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Important GST updates vide recent GST notifications dt. 28th March 2018: Due date for filing GSTR-6 for the period of ...
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Current market share of public sector banks is 70% which is reducing very rapidly i.e. approximately 4% a year. After ...
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GST important Due dates for Financial year 2017-18 (A) Due date for payment of GST (From 01-07-2017 to 31-03-2018) Taxpayer ...
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After recent scam of 12646 crores in PNB done through fraudulent issuance of letter of undertaking (LOU) , RBI have ...
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26th Meeting of GST council held today i.e 10th March 2018 in New Delhi under chairmanship of Sh. Arun jaitley ...
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Under GST regime, an e-waybill needs to be generated and carried for movement of goods above rupees 50000. Previously on ...
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Belated or revised income tax return for the financial year 15-16 or 16 17 can be filed up to 31st ...
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Business of E-wallet companies are affected by RBI guidelines for mandatory KYC in E-wallet. Last date for updation of KYC ...
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Under GST regime, an e-waybill needs to be generated and carried for movement of goods above rupees 50000. Previously on ...
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Some Updates about PNB fraud case of Rs. Rs.12700 crore:- Axis Bank's MD, Shikha Sharma and ICICI Bank's MD Chanda ...
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To manage additional demand of liquidity, RBI decided to Infuse Rupees 1 lakh crore in the banking system through special ...
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31st march 2018 is the last date for filing belated income tax return for FY 2015-16 if you have not ...
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The Cabinet today cleared Fugitive Economic Offenders Bill which targets big defaulters involved in economic crime of over Rs. 100 ...
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Today on 1st March 2018, The Cabinet approved setting up of the National Financial Reporting Authority (NFRA), which will be ...
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Today on 1st march 2018, SBI increased the one-year MCLR by 20 basis points (bps) from 7.95% to 8.15%. And ...
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RBI announced Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches in notification dated ...
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Today on 28-2-2018, State Bank of India (SBI) increased retail deposit rates by 10 to 50 basis points across various ...
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RBI revised limit of "exchange traded currency derivatives" without having to establish underlying exposure for resident in India and FPI.Currently, ...
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Update KYC in E-wallet as deadline is very close. As per RBI guidelines issued in October 2017 as revised, E-wallet ...
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On 24-02-2018, in the meeting of GoM (Group of Ministers), it is decided to start the inter-state movement of goods ...
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Good News for customers of NBFC like Bajaj Financial Services Limited, LIC Housing Finance, PNB housing finance, Indiabulls group, Muthoot ...
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In view of large divergences observed in asset classification and provisioning in the credit portfolio of banks as well as ...
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On 15-02-2018, Government issued a notification to require all postal Life Insurance holder to provide their Aadhaar detail.The notification also ...
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On 12th Feb 2018, RBI issued a revised framework for the resolution of stressed assets providing for early identification & ...
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Investment Decisions: Are your Investment decisions destroying your Wealth? Every investor wants to create huge wealth by taking best investment ...
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To facilitate easy inter-state movement of goods throughout the country, National E-way bill was made compulsory w.e.f. 01-02-2018 for consignment ...
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Important Highlights & Tax Proposals of Finance Budget 2018-19 The Finance Minister, Sh. Arun Jaitley presented his fifth Union budget ...
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As proposed in budget 2018, w.e.f. 01-04-2018 Long term capital gains (from equity or units of MF) exceeding Rs. 1 ...
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Indian Accounting Standards (IND-AS): Whether applicable to your company or not? After a long converging process of Accounting standards(AS) and ...
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Composition Scheme in GST: Updated with 23rd meeting of GST Council Composition Scheme is introduced to give relief to small taxpayer ...
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23rd GST Council meet held on 10th November 2017 in Guwahati. This 23rd meeting came up with new decisions to ease ...
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Due Date for Filing GST Return and making payment of GST We have received many queries regarding GST Return and ...
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Works Contract in GST Regime As we all know, GST is going to be implemented w.e.f 01-07-2017, We have already ...
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GST Concepts/Basic Features of GST GST Law as going to be implemented in India w.e.f 01.07.2017, have following features:- State-wise ...
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Critical Analysis of Benefits of GST Government is advertising benefits of GST since few months. Here in this blog we ...
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Making of GST Law in india As we all are aware that Government has decided to implement GST w.e.f 1st ...
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Proposed Changes in Income Tax in Union Budget 2017 In the Budget Speech, Finance Minister, Mr. Arun Jaitley proposed following ...
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Key Highlights of Union Budget 2017-18 Today on Date 1st February 2017, Finance Minister, Mr. Arun Jaitley presented Union Budget ...
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Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty What is concept of Universal Basic Income ...
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Payment Banks: Revolutionising the Banking Sector In September 2013, the Reserve Bank of India constituted a committee headed by Dr ...
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Secret Informer of Tax Department and Annual Information Return (AIR): To curb black money, government need secret informer and to ...
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UPI: Unified Payment Interface - A step of India towards Cashless Economy RBI Governor, Sh. Raghuram Rajan (born 3 February ...
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Income tax Return AY 2016-17 Q 1. What are the modes of filing return of income? Return of income can ...
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Payment of Bonus Act, 1965 In India, Payment of bonus is governed by "Payment  of Bonus Act, 1965" as amended ...
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Accounting code for payment of KKC notified by CBEC The CBEC vide Circular No. 194/04/2016-ST dt. 26 May 2016 has notified ...
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Things to know about Goods and Service Tax(GST) On June 14, 2016 the Finance Ministry has released the 'Model GST ...
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History of Service Tax Rates History of Service Tax Rates since 01-07-1994 till date... From TO Rate EC on ST ...
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Provident Fund in India, Its Taxability and TDS on Provident Fund What is the Provident Fund(PF)? Provident Fund is a ...
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Krishi Kalyan Cess (KKC) @ 0.5% introduced (from 1st June 2016) It is the time to face new cess named ...
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We have received many queries regarding Calculation of Service tax on Works Contract Service. Here in this blog, a short ...
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Minimum Wages Rate in India Vs. USA Below is some short analysis of comparison of minimum wages rates in India ...
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What is difference between Pledge, Mortgage and Hypothecation I have received some queries asking the difference between Pledge, Mortgage and ...
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India-Mauritius Tax treaty revised to curb Black Money On date 11-05-2016, India getting Mauritius to sign a revised India-Mauritius tax ...
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Basics of Letter of Credit(LC)/Documentary Credit What is Letter of Credit? How does it work? What are different Types of ...
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