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Abhijit Shaha & Co.

Chartered Accountants

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Blog posts : "General"

How to Download GST Registration Certificate

How to Download GST Registration Certificate

How can I view or download the Registration Certificate?

To view or download the Registration Certificate, perform the following steps:

1. Login to the GST Portal with the valid credentials.

2. Click the Services > User Services > View or Do…

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Standardised PPT on Revised Model GST Law

http://idtc-icai.s3.amazonaws.com/download/Standardised%20PPT%20on%20Revised%20Model%20GST%20Law.pptx 

 

Source- www.idtc.icai.org.

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GST

 

http://blogs.tallysolutions.com/highlights-second-draft-model-gst-law/

http://www.gstindiaonline.com/

http://www.webtel.in/gstelearning.aspx

https://cleartax.in/help/gst

https://saginfotech.com/gst-software.aspx

 

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Master Guide on filing of income Tax Return for A.Y. 2016-17

What is a return of income?

It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. Different forms of returns of income are prescribed for filing of returns for different …

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Procedure for registering Partnership deed in Maharashtra

Threshold limit for reporting fraud in Companies

PART – I (Amount involved > Rs. 1 crore)
The auditor of a company, in the course of performance of his duties as statutory auditor, has reason to believe that an offense of fraud, which involves or is expected to involve individually an amount of Rs 1 crore or above, is being or has been committe…

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Ten Commandments for leading financially peaceful life

Unfortunately, personal finance is not a favourite subject of many and hence so you might be fairly clueless about how to manage your money. All it takes to get started on the right path is the willingness to do a little reading and you don't even need to be particularly good at math. A key to Finan…

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Recent changes in Maharashtra Co-op Society Act

Following are some of the important changes done in the MCS Act, 1960 and also in the Model Bye-laws of Cooperative Housing societies.

  • Condition for membership- Applicant to take 10 shares of Rs.50 each as against 5 shares. Bye law No.22 on rights of membership talks about the right to receive…

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Recent changes in Form 15G and Form 15H

The Income Tax Department has announced a new procedure regarding Form 15G & Form 15H.
These rules are relevant for the person responsible for making the payment and to whom these forms are submitted, let’s call him the DEDUCTOR.
IMPORTANT: If Form 15 G and 15H apply to you – make sure you submi…

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Refund application [501] not to be the deciding criteria for granting VAT refunds

Bombay High Court has recently held that Form 501 [Form for requesting refund] need not be the deciding criteria for granting refunds  & the court directed the Dept. to grant Refunds after making assessment on the basis of returns  furnished by the assessee on a writ petition filed by the applicants…

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Eligibility of Swacch Bharat Cess as deduction under Income Tax

Swachh Bharat Cess shall be allowed for deduction as an expenditure while computing the Income under Profits and Gains from Business and Profession keeping in mind the provisions of Sec 43B; which states that payment of tax or duty shall be an allowable expenditure only if the said expenditure has a…

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Senior Citizens Savings Scheme

Retirement brings with itself several complication and doubts, but there are savings products that are safe and ensure guaranteed retirement income. The Senior Citizen Savings Scheme is a deposit scheme introduced by Government of India to provide guaranteed returns to senior citizens through a safe…

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Employee Provident Fund Withdrawals Simplified

The Employee Provident Fund Organization (EPFO) has recently announced a simplified process for the withdrawal of EPF.

  • No need of attestation from employer
  • Introduction of 3 new forms
  1. FORM 19 UAN: Can be used at the time of retirement or leaving a job, Withdrawal is allowed if …

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E-Filing Of Audit Report

E-Filing Of Audit Report

 1. CHARTERED ACCOUNTANT:-

(i) Go to incometaxindiaefiling.gov.in and click on ‘REGISTER YOURSELF’ and select the option tax professional – Chartered Accountant. The registration of chartered accountant is one time activity and the registration form which is open…

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What if there is an error in figures in Form 16 ?

You need to tally the figures in Form 16 with the tax declaration statement provided by you to your organisation at the beginning of the year. It’s possible that the figures mentioned are either wrong, or not considered at all.

The result would be that fewer deductions would have been shown, resu…

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Get ready to pay 1% TDS on Rs 50L flat from June

Lakhs of people who have booked under-construction apartments costing over Rs 50 lakh have a big tax headache coming up their way. While making payments to builders, they will have to deduct 1% of the deal value as tax after June 1, and also go through the onerous task of depositing tax and filing r…

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E-Filing Call Center

Income Tax e-Filing Call Center will function 24/7 on all days during March 2013


The e-Filing Call Center (Toll Free – 1800 4250 0025) 
will be functioning 24/7(Including Saturday and Sunday), 
during the month of March 2013.

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Drive against fake PAN Cards

Government launches drive against fake Permanent Account Number (PAN) cards

For full details please visit following URL:

http://pib.nic.in/newsite/PrintRelease.aspx?relid=93753

Ten important changes in MCA XBRL fillings

Ten important changes in MCA XBRL fillings:

1. Taxonomy is based on requirements of Revised Schedule VI to the Companies Act, 1956.
2. Architecture is developed as per the IFRS architecture 2011, (earlier taxonomy was based on IFRS 2006 architecture.)
3. Definition and Reference linkbase add…

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Service Tax Update

Notification No.19/2012 dated 5May,12 : Negative List approach in Service Tax will applicable w.e.f.01.07.2012. Hence service tax would apply on all services except those mentioned in Negative List or mega exemption.

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20 blog posts