E-Way Bills
E-Way Bills – Updated At the 26th GST Council meeting, it has been decided to implement he inter-state e-way bill from 1st April, 2018. For intra-state movement, the e-way bill will be rolled out in a phased manner starting … Continued
Long Term Capital Gains Tax
Long Term Capital Gains Tax The Finance Bill 2018 has proposed significant changes in these taxation provisions relating to long term capital gain on transfer of equity shares in a company or a unit of an equity oriented fund … Continued
Income Tax Slab Rates for AY 19-20
Income Tax Slab Financial Year 2018-19 Income Tax Slabs The income tax slab rates are usually revised every year during the Budget. However, there have been no changes made to the Income Tax slabs in the Budget of 2018. Thus … Continued
Budget 2018
Changes made in the Budget 2018 Summary of the Budget 2018:- Income Tax Slabs remain unchanged Cess on Income Tax hiked from 3% to 4% Standard deduction of 40,000 in lieu of transport allowance and other medical expenses. Reintroduction of … Continued
GSTR-1 Monthly and Quarterly Returns Due Date Extended
Notification for extension of filing of quarterly GSTR-1 Government of India Ministry of Finance (Department of Revenue) [Central Board of Excise and Customs] Notification No. 71/2017–Central Tax New Delhi, the 29th December, 2017 G.S.R. (E):— In exercise of the powers … Continued
E-Way Bills Under GST
Introduction to E-Way Bills E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN. A registered person has to generate an E-way bill if the value of goods is greater than Rs. … Continued
Deductions Under Section 80 of the Income Tax Act
Introduction – Taxes are a primary source of funds for the Government. Besides the basic exemption limit, one can avail additional deductions. You need to invest in specified securities in order to take advantage of these additional deductions. In this … Continued