Health & Education Cess
Welcome Health & Education Cess @ 4%
Welcome Health & Education Cess @ 4%
What to do when you get such intimation: You are required to login to your account at ITD website and submit a response online explaining such difference within the stipulated time. In case timely response is not received, ITR will be processed without providing any further opportunities in this regard…. Continue reading
Only tax details declared in your ITR were matched with the tax details available in your Form 26AS.
Now all details declared in your ITR w.r.t. Income (gross total income, taxable income, other income like interest income, etc.) / Deductions / TDS, are being matched with the details available in your Form 16 as well. If there is any variance in details given in ITR and Form 26AS… Continue reading
The new GST regime will comprise of the following taxes – Central Goods and Services Tax (CGST) – This tax will be levied on intra-state (within same state) supply of goods and services State Goods and Services Tax (SGST)- This tax will also be levied on intra-state (within… Continue reading
GST is payable by any person making taxable supplies of goods/ services and whose turnover [on a pan-India basis of all offices having the same Permanent Account Number (PAN)] exceeds INR 20 lakhs. However, where a person who is registered under GST receives goods or services from an unregistered vendor,… Continue reading
CBEC to be renamed as Central Board of Indirect Taxes(CBIT) after GST rolls out. GST SECTIONS- AN ONSHOT OVERVIEW Section-1 Short Title, extent and commencement Section-2 Definitions Section-3 Meaning and Scope of Supply Section-4 C lasses of officers under Central Goods and Services Tax Act Section-4 Classes of officers under… Continue reading
Tax on share trading can be reduced considerably by following certain Tax saving methods – Trading as business income: – If you consider your trading gain as “business income” then you have to pay tax as per your Tax slab. The benefit is you can deduct your trading related expenses… Continue reading