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MCIOB Courses
Introduction to MCIOB MCIOB is a membership status presented by the Chartered Institute of Building (CIOB). A construction manager can pursue the CIOB qualifications to obtain the membership title as an MCIOB in the industry. Countries across the world recognise an MCIOB qualification. With professional skills and knowledge developed through the courses, a construction graduate … Continue reading MCIOB Courses
Read more 5514 Views Leave a comment29th GST Council Meeting Held on 04.08.2018: Highlights
Finance Minister Piyush Goyal addressed the 29th meeting of GST Council in order to address the various issues faced by the stakeholders. In the meeting, council has proposed to incentivise digital transactions by allowing 20% cashback on GST payments made by users digitally. 1. Digital modes will include payments through Rupey Card,BHIM UPI, UPI AADHAR, … Continue reading 29th GST Council Meeting Held on 04.08.2018: Highlights
CBDT and CBIC revises the monetary limit for filing of departmental appeals before Tribunal, High Court, Supreme Court
In order to reduce litigation, facilitate ease of doing business and to remove long pending grievances of taxpayers, CBDT vide its circular 03/2018 dated 11.07.2018 and CBIC vide its instruction dated 11.07.2018 has decided to raise the monetary limits for filing Departmental Appeals before the Appellate Tribunals (i.e. ITAT,CESTAT), High Courts and Supreme Court. This is … Continue reading CBDT and CBIC revises the monetary limit for filing of departmental appeals before Tribunal, High Court, Supreme Court
Read more 4602 Views Leave a commentLiquidation Momentum : Issues Faced and Resultants
Liquidation Momentum: Issues Faced and Resultants Executive Summary Every Business start with a consent that they will prosper their business in future years. As per accounting principles any business which is started must follow the fundamental assumptions of the accounting of the business and as per fundamental assumption the accounting the company should follow … Continue reading Liquidation Momentum : Issues Faced and Resultants
Read more 3422 Views Leave a commentShort Note on Exim Policy (FTP) 2015-2020
Purview EXIM Policy, a synonym to foreign trade policy, is a set of guidelines and instructions established by the government in the sphere of foreign trade i.e. import and export of India. EXIM policy is a five year plan. It is updated every year on 31st march and the modifications, improvements and new scheme become … Continue reading Short Note on Exim Policy (FTP) 2015-2020
Read more 11967 Views 2 CommentsA Overview onBanking Transaction Tax
Contents: Purview Need of reforms and Current Tax System What will happen if India does introduce BTT Advantage Disadvantage Conclusion Purview: BTT, abbreviated as Banking Transaction Tax, is the tax levied on debit or credit entries on banking transaction made by any account holder. In other words, each time an account holder withdraws from or deposits … Continue reading A Overview onBanking Transaction Tax
Read more 4590 Views Leave a commentAn opinion on GST
GST one of the most Chanted Word in the Finance Industry , abbreviated as Goods & Service Tax. Two different opinion : A major Tax relief or a Tax burden? Though, i may not have a detailed knowledge about it but nobody would deny the fact that they are familiar to the term (GST). By … Continue reading An opinion on GST
Read more 12571 Views Leave a commentUP VAT return filing procedure
In a bunch of various of taxation policy, VAT is an Indirect tax system, which is collected by the state authorities. The VAT system has its own policy which differs from state to state. Today, i am going to share the procedure to be opted for VAT filing procedure, in Uttar Pradesh state. The following … Continue reading UP VAT return filing procedure
Read more 5194 Views Leave a commentAmendments vide notification no. 30/2016 dated 29.04.2016 in the chapter XVIIB-Deduction of Tax at source (Applicable from 01.06.2016)
A new rule 26C is being inserted wherein the assessee shall furnish to the employer the evidence or the particulars of the claims such as HRA, Deduction u/c VI-A, in Form No.12BB for the purpose of estimating his income or computing the tax deduction at source. For different claims, following evidences shall be required: … Continue reading Amendments vide notification no. 30/2016 dated 29.04.2016 in the chapter XVIIB-Deduction of Tax at source (Applicable from 01.06.2016)
Read more 5133 Views Leave a commentCBDT Circular 09/2016 Reg Commencement of limitation for Penalty Proceedings U/s 271D and 271E of the Income tax Act, 1961
Background Section 271D and 271E of the Act provides for penalty for failure to comply with the provisions of Section 269SS and 269T (i.e. Acceptance or repayment of loans and deposits by modes otherwise than account payee cheque or account payee bank draft). Sub section (2) of both these provisions provides that any penalty … Continue reading CBDT Circular 09/2016 Reg Commencement of limitation for Penalty Proceedings U/s 271D and 271E of the Income tax Act, 1961
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