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Public Provident Fund (PPF) – Tax benefit and Returns

October 22, 2018

Individuals who are residents of India are eligible to open an account under the Public Provident Fund scheme. A PPF account may be opened under the name of a minor by his/her legal guardian. However, each person is eligible for only one account under his/her name. Non-resident Indians (NRIs) are not eligible to open an account under…

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GSTR 3B DATE EXTENDED TO 25.10.2018

October 22, 2018

It has been brought to notice that there have been apprehensions by trade and industry relating to the last date for availment of ITC for the period July, 2017 to March, 2018. In order to remove doubts, it was clarified that as per the law, the last date for availing ITC in relation to the period from…

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GST Practitioners -How to Register for Exam, Pattern & Syllabus

October 14, 2018

Examination For Confirmation Of Enrollment Of GST Practitioners The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners(GSTPs) in terms of the sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central…

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One More Exam for GST Practitioners enrolled after 24.09.2018

October 14, 2018

As PER CBIC Website For GST Practitioners enrolled after 24.09.2018, one more examination will be held in December 2018, date of which will be announced in due course. Exam syllabus will be taken “as on 01.09.2018” for the purpose of exam scheduled on 31.10.2018  

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TDS & Tax Provisions for F.Y.2018-19

October 14, 2018

TDS & Tax Provisions for F.Y.2018-19 TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department. TDS stands…

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