Coinage accounting & taxation

17/06/2018

Life of an Accountant !! 😁

02/06/2018

Finally due date for filing of income tax retunes(ITR) for Assessment year 2016-17 and 2017-18 is over. Now its time to get ready for AY 2018-19 ITR to avoid penalty of late filing of income tax return.

Government has introduced new income tax forms for AY 2018-19. Rules are getting tough day by day or we can say that taxpayers must be active and punctual now to avoid any unnecessary penalties. So here in this article, our main objective is to save taxpayers from paying unnecessary penalties. Unnecessary means those penalties which we can avoid by proper follow up.

A new section Sec 234F is inserted to levy penalty for late filing of ITR. Sec 234F is effective from Assessment Year 2018-19 (Financial Year 2017-18).

If ITR for AY 2017-18 is filed after due date (31st July for individuals without audit, 30th Sept for other persons) but before 31st Dec of the Assessment year (31-12-2018) in case of Assessment year 2018-19) then Penalty of Rs.5000/- will be levied and If ITR is filed after 31st Dec then Res.10000 will be levied as penalty.

Exception:- If the total Income of a person is below or equal to Rs. 5 Lakhs, then penalty will be restricted to Rs.1000 only.

05/12/2017

Here is the top 6 most Preferred accounting software in India Go to link and download demo 6. ZOHO BOOKS https://www.zoho.com/ 5. QUICKBOOKS https://www.quic...

01/12/2017

Need help for selecting software??!!! This video can help

Here is the top 6 most Preferred accounting software in India Go to link and download demo 6. ZOHO BOOKS https://www.zoho.com/ 5. QUICKBOOKS https://www.quic...

14/11/2017

We have written load of things about the problems .... Click here to view the full Article

05/07/2017

24/06/2017

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is Technology driven that means less human interference and speedy decisions Source: digital india

24/06/2017

17/06/2017

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in this video learn about composition scheme which is for small dealers and traders whose turnover is less than 75 lakhs annually

14/06/2017

Contact for more info

Watch the complete understanding and user guide of goods and services tax Source: https://www.gst.gov.in/

05/06/2017

https://www.youtube.com/watch?v=7AsB0RoQpSs