How to compute TDS, when a Employee has exited from the current company and joined a new company in a single financial year Section 192(2) Where, during the financial year, an assessee is employed simultaneously under more than one employer, [Read More]
The following conditions shall be satisfied for levy of CGST/SGST: There must be a person. There must be a taxable person. There must be some goods and/or services Such goods must be specified in schedule …. of this act. There [Read More]
Levy of central / state Goods and Service Tax There shall be levied a tax called the Central / State Goods and Service Tax on all intra state supplies of goods and/or services at the rate specified in the schedule [Read More]
ESIC raises wage threshold to Rs 21,000 The Employees’ State Insurance Corporation (ESIC) today raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme. In a meeting held today, the [Read More]
Tax collection on Cash payments Section 206(1D) Every person, being a seller, who receives any amount in cash as consideration for sale of bullion or jewellery 87[or any other goods (other than bullion or jewellery) or providing any service], shall, at [Read More]
Due dates for the Month of September 2016 5th Service Tax** – Service Tax payments for August ** If Service Tax Payment is done online, then the due date of payment of service tax is 6th. Central Excise** – Duty [Read More]
GIST OF GST Firstly GST will not reduce the amount of tax you pay, but it will make it less tiresome to pay and collect. GST is about fewer taxes, at unified rate, as we all know that the taxes [Read More]
Due dates for the Month of August 2016 5th Income Tax – Return of Income & Wealth for Non Corporate Assessees Service Tax** – Service Tax payments for July ** If the Service Tax Payment is done online, then the [Read More]
Due Dates for eFiling of TDS Return for A.Y. 2017-18 Quarters Due Dates for Form 24Q / 26Q/27Q Quarter 1 – April to June 31st July Quarter 2 – July to September 31st October Quarter 3 – October to December [Read More]
Due dates for the Month of July 2016 5th Service Tax – Service Tax payments by Companies for June – Service Tax payments by Other than Companies for April to June Central Excise – Duty Payment for all Assessees other [Read More]