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Posted On:  3 weeks ago


How much income tax Senior Citizen can save from Budget 2018 in Interest (80TTB), Insurance (80D) and Medical Expenditure (80DDB) for FY 2018-19

Budget propose several benefits to Senior Citizens. Though there are no change in Slab rates applicable for senior citizen, government has increase exemption limit and provided standard deduction for pensioners. Following are relief to Senior Citizens proposed:-

article author CA Chirag Chauhan

Posted On:  3 weeks ago


Latest TDS Tax Deducted at Source Rate Chart for FY 2018-19 AY 2019-20

TDS is to be deducted on payment made as prescribed by Income Tax Act by persons who are liable to deduct TDS. It is the duty of the deductor to deduct TDS as given in Income Tax Act. Following are the revised rate of TDS applicable for Financial Year 2018-19 Assessment Year 2019-20

article author CA Chirag Chauhan

Posted On:  3 weeks ago


Income tax slab rates applicable for Financial Year 2018-19 or Assessment Year 2019-20

This article will give full detail about the slab rates that are applicable for the Assessment year 2019-20 for each individual. Where the assessee is an individual:

article author CA Chirag Chauhan

Posted On:  3 weeks ago


Download Budget speech and Finance bill for 2018 by FM Arun Jaitely FY 2018-19

Madam, four years ago, we pledged to the people of India to give this nation an honest, clean and transparent Government. We promised a leadership capable of taking difficult decisions and restoring strong performance of Indian economy. We promised to reduce poverty, expedite infrastructure creation and build a strong, confident and a New India. When our Government took over, India was considered a part of fragile 5; a nation suffering from policy paralysis and corruption. We have decisively reversed this. The Government, led by Prime Minister, Shri Narendra Modi, has successfully implemented a series of fundamental structural reforms. With the result, India stands out among the fastest growing economies of the world.

article author CA Chirag Chauhan

Posted On:  3 weeks ago


100 Key Highlights of Union Budget 2018 presented by FM Arun Jaitely FY 2018-19

No changes in person tax structure for salaried class and No change in Slab Rates 1.44 lakhs crores paid by salaried tax payers.  Standard deduction of Rs 40,000 for salaried taxpayers, in lieu of transport and medical reimbursements for salaried classes Govt will have a scheme to give every enterprise in India a unique ID

article author CA Chirag Chauhan

Posted On:  3 weeks ago


Online Registration Mechanism and Filing System for Stock Exchanges

. In order to ease the process of application for recognition / renewal, reporting and other filings in terms of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 and other circulars issued from time to time, SEBI has introduced a digital platform for online filings related to Stock Exchanges

article author One Roof Consultant

Posted On:  3 weeks ago


SEBI Online Registration Mechanism and Filing System for Depositories

In order to ease the process of application for recognition / renewal, reporting and other filings in terms of Securities and Exchange Board of India(Depositories and Participants) Regulations, 1996 and other circulars issued from time to time, SEBI has introduced a digital platform for online filings related to Depositories.

article author One Roof Consultant

Posted On:  3 weeks ago


Chairman CBEC’s weekly newsletter dated 25.01.2018

On 20th January 2018 I was privileged and happy to be a part of the bhoomi puja on the land for the Zonal Training Institute, NACIN, Hyderabad.

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC exempts Central Govt’s share of Profit Petroleum from IGST

Seeks to exempt Central Government’s share of Profit Petroleum from Integrated Goods & Services Tax (IGST)

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC exempts royalty and license fee included in transaction value from IGST

Seeks to exempt royalty and license fee from Integrated tax to the extent it is paid on the consideration attributable to royalty and license fee included in transaction value under Rule 10(1)(c) of Customs Valuation (Determination of value of imported Goods) Rules, 2007.

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC notifies changes in list of goods exempt from IGST wef 25.01.2018

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 2/2017- Integrated Tax (Rate), dated the 28th June, 2017,

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC notifies Changes in Rate of IGST on Motor Vehicle wef 25.01.2018

G.S .R. (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts the central tax on inter-state supplies of goods

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC amends Notification related to concessional IGST rate on scientific equipments

G.S.R….(E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), (hereafter in this notification referred to as “the said Act”) read with sub-section (3) of section 6 of the said Act

article author One Roof Consultant

Posted On:  4 weeks ago


List of CBEC Officers to receive Presidential Award on Republic Day, 2018

Grant of Presidential Award of Appreciation Certificate to the officers of Customs & Central Excise on the eve of Republic Day, 2018

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC reduces late fee for delayed filing of FORM GSTR-1

CBEC hereby waives the amount of late fee payable by any registered person for failure to furnish the details of outward supplies for any month/quarter in FORM GSTR-1 by the due date under section 47 of the said Act, which is in excess of an amount of twenty-five rupees for every day during which such failure continues.G

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC reduces late fee in case of delayed filing of FORM GSTR-5

GST Council, hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-5 by the due date under section 47 of the said Act, which is in excess of an amount of twenty-five rupees for every day during which such failure continues

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC reduces late fee in case of delayed filing of FORM GSTR-6

Central Government hereby waives the amount of late fee payable by any registered person for failure to furnish the return in FORM GSTR-6 by the due date under section 47 of the said Act, which is in excess of an amount of twenty-five rupees for every day during which such failure continues.

article author One Roof Consultant

Posted On:  4 weeks ago


FORM GSTR-6 due date for July 2017 to Feb 2018 extended to 31.03.2018

CBEC hereby extends the time limit for furnishing the return by an Input Service Distributor in FORM GSTR-6 for the months of July, 2017 to February, 2018, till the 31st day of March, 2018

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC notifies www.ewaybillgst.gov.in as GST Portal for furnishing e-way bill

Amendment of notification No. 4/2017-Central Tax dated 19.06.2017 for notifying e-way bill website- Central Government hereby notifies www.gst.gov.in as the Common Goods and Services Tax Electronic Portal for facilitating registration, payment of tax, furnishing of returns and computation and settlement of integrated tax and www.ewaybillgst.gov.in as the Common Goods and Services Tax Electronic Portal for furnishing electronic way bill.

article author One Roof Consultant

Posted On:  4 weeks ago


CBEC notifies cross-empowerment of State tax officers for processing & grant of GST refund

G.S.R. 59(E).- In exercise of the powers conferred by sub-section (1) of section 6 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the “CGST Act”), on the recommendations of the Council,

article author One Roof Consultant