Sep 242018

Taxability of gifts under income tax act Meaning of gifts: The gifts were taxable earlier till 1st October, 1998 under the Gift Tax Act, 1958. The provisions regarding receipts without consideration have been introduced w.e.f. 1st September, 2004. Since most [Read More]

Sep 182018

Tax implications of payments made for use of railway assets With a view to ensure the prompt payment of dues to railways for use of the railway assets, section 43B is expanded and the same is reproduce below: Section 43B. [Read More]

Sep 052018
Due dates for the Month of September 2018

Due dates for the Month of September 2018 7th Income Tax – TDS Payment for August 10th GST – Details of outward supplies of taxable goods and/or services effected – GST1 for August – Return for authorities deducting tax at [Read More]

Aug 232018

Key features of New GST Quarterly Returns Quarterly filing and monthly payments: It is proposed to provide facility for filing of quarterly return to small taxpayers, who had a turnover upto Rs. 5 Cr. in the last financial year. Meaning [Read More]