TDS is one of the hot topics as of now. It is very vast and a good knowledge of TDS is required. We are hereby giving the TDS rate chart for A.Y. 2017-18 Rates for tax deduction at source [For Assessment year 2017-18] Read More…. http://www.incometaxindia.gov.in/Pages/charts-and-tables.aspx
The Micro, Small and Medium Enterprises (MSME) sector has been recognised as engine of growth all over the world. Many countries of the world have established a SME Development Agency as the nodal agency to coordinate and oversee all Government interventions in respect of the development of this sector. In the case of India, also […]
Place of supply of goods & services(Annexure-D) The draft model GST law released by the Government on June 14, 2016 in public domain lays down the principles to determine the place of supply and accordingly treat the taxable supply of goods and/or services either as Intra-State or Inter-State. The rules in this regard are framed […]
1.Introduction The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, seeks to amend the Constitution of India to facilitate the introduction of Goods and Services Tax (GST) in the country. The proposed amendments in the Constitution will confer powers both to the Parliament and the State legislatures to make laws for levying GST on the […]
LEARN GST “Goods and Services Tax” would be a comprehensive Indirect Tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State Governments. GST is a tax on goods and services with value addition at each stage having comprehensive and continuous chain of set-of benefits from the producer’s/service provider’s point up […]
KRISHI KALYAN CESS: It is levied at 0.5% on taxable value of services with effect from 1.06.2016. Unlike Swatch Bharat cess, the input (CENVAT) credit received on purchase of services will be available for payment of such cess on output services. The credit can only be utilised for payment of Krishi Kalyan cess. So separate […]
Atal Pension Yojna The Government of India has announced a new scheme called Atal Pension Yojana (APY). It is a guaranteed pension scheme which is administered by the Pension Fund Regulatory and Development Authority (PFRDA). The Pension Fund Regulatory and Development Authority (PFRDA) is a pension regulatory authority which was established byGovernment of India on August 23, […]
Spinning Mills Cut Production Due to the increase in Cotton Price during the last 2 weeks the cotton mills are cutting production ti minimise the losses. The Price Candy (356kilo) was Rs 32500 in January has now increase to Rs 50000. It is anticipated that Rs 15/ kg loss will be incured by an average […]
