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Tax Consultant Call at 9953183562 FILE INCOME TAX RETURN,EXCISE RETURN ,SERVICE TAX RETURN,SALES TAX RETURN ,REGISTER TRADEMARK,PATENT ,REGISTRATION ON SALES TAX,INCOME TAX,SERVICE TAX,

02/09/2015

Due date for E-filing returns of income has been extended from 31st August,
2015 to 7th September, 2015 in respect of all taxpayers who were required to
E-file their returns of income by 31st August, 2015.
Regards: CA. KISHORE DHINGRA

23/07/2015

CBDT released java utility for e-filing Form6 to declare black money. Taxpayers are requested to e-file Form 6 during the compliance window which ends on 30.9.15.

Extension to 30.09.15 of last date to file DVAT return for Q1 of 2015-2016 in Forms EC-II and EC-III.CIRCULAR NO. 15 of 2015-2016.

The landmark bill on GST won majority support of the Rajya Sabha select committee, which endorsed almost all the provisions while also agreeing to demands of parties like TMC for a five-year compensation to states.

05/07/2015

The Central Board of Direct Taxes – Tax planning and legislation (TPL) division has released a circular elucidating the compliance window provided for under the Black Money (Undisclosed foreign income and assets) And Imposition Of Tax Act, 2015 recently.

Stamp paper value for representation before income tax authorities increased from INR 100 to INR 500. Article 48 of schedule I of stamp act.

Annual return on foreign liabilities and assets has been notified under FEMA, return to be filed under A.P. and submitted to the department of statistics and information management, RBI, Mumbai by 15th July,2015

02/07/2015

Extension to 31.08.15 of last date to file DP-1 (online submission of Dealer profile). Notification dated 30.06.15.
E-commerce websites supplying goods to Delhi from Delhi or Outside Delhi need to file quarterly return under DVAT with immediate effect.

30/06/2015

Today (30-06-2015) is last date for banks to file return for interest upto Rs.10000 without TDS for March 2015 quarter in Form No. 26QAA.

DVAT- DP1 is extended to 31 August, 2015. For Form 9 there is no provision in the act, so it is not extended. But you can revise it before issuing assessment order of form 9.

There is no provision for reversal of input credit in case of clearance of waste and scrap and/or their non-return from job worker's premises [(Mumbai - CESTAT). Mukand Ltd. vs. CCE, Belapur].

29/06/2015

RBI clears 2nd and 4th saturday off for banks. w.e.f. 15.07.2015. First Saturday off will be on 25th July.

Online Payment of EPF mandatory with effect from 5th May, 2015.

The service tax applicable w.e.f. 1st June, 2015 is as follows:
Restaurant – 5.6%
Hotel lodging – 8.4%
Vehicle rent – 5.6%
Hall with catering – 9.8%
Catering – 8.4%
Building repairing – 9.8%
Civil contract with material – 5.6%
Building residential – 3.5%
Building commercial – 4.2%
GTA transports – 4.2%
All other Services – 14%

27/06/2015

New ITR Forms need Passport No, Aadhar No, All Bank a/c, excludes Dormant Bank and Foreign travel. Use ITR 1 and 4S even exempt income exceeds 5000 except agricultural income.

MCA issued clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74.

No service tax liability on sub-contractor when full service tax was paid by contractor.

26/06/2015

Delhi Budget: VAT tax reduced on wooden from 12% to 5%. VAT on cooker, general utensil-cutlery will be 5%.

RBI extends deadline for exchanging pre-2005 currency notes by six months to December 31.

25/06/2015

Reopening u/s 147 of the Income Tax Act required only “reason to believe” and not the established fact of escapement of income.

Penalty u/s 76 and 78 applies only when 'service tax' is payable hence, non-payment of sums wrongly collected as tax on a non-taxable service would not attract said penalties. Punjab and Haryana High Court

New Version of Forms INC-4(OPC-Change in Member/Nominee), INC-1 (Appl. for reservation of name), INC-29 (Integrated Inc. Form) and Form 4LLP for filing.

The finance ministry has reduced penalty for Customs Duty fraud to 15 per cent from 25 per cent. Also penalty not exceeding 10 per cent of the duty sought to be evaded or Rs. 5,000, whichever is higher.

24/06/2015

The Employees Provident Fund Organisation ( EPFO) on Monday notified an order to make Universal Account Number ( UAN) mandatory for all employers covered under this.

New ITR Form ITR-1, ITR-2, ITR-2A and ITR-4S released by Income tax department for filing a return of A.Y 2015-2016.

Central government has launched a scheme called DigiLocker. Anyone having an Aadhar Card can login to www.digitallocker.gov.in and upload scanned copies of all the important documents.

23/06/2015

Income Tax Department plans stringent action against habitual tax evaders.

CBDT has issued an instruction dated 19th June 2015 directing that all Commissioner of Income Tax (Appeals) should issue appellate orders within 15 days of the last hearing

Loan taken from a company in which assessee company is not a registered shareholder, such loan should not be treated as deemed dividend u/s 2(22)(e) of Income Tax Act, 1961. [CIT vs. Ram Shipping Industries Pvt. Ltd. Gujarat High Court].

DVAT authorities with intent to process the refund claim smoothly has issued instructions to all assessing officers. Hence the return itself becomes the application for refund.

23/06/2015

👉Govt proposes tax benefits for credit and debit card payment..

(income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets)

EPFO makes UAN mandatory for all employers.

(Universal Account Number (UAN) mandatory for all employers covered under the Employees Provident Funds and Miscellaneous Provisions Act 1952)

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