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DIY: How to file TDS return without the help of any expert/software
What you will learn here How to file TDS return How to file TDS return without help of expert. How to file TDS return without any software. Only the utility available on NSDL website will be used. DIY: try to file your TDS return of
Income Tax ComplianceTDS on Clearing & Forwarding Agents Payment
If anyone has any kind of Doubt Regarding TDS on Agency Service Charges (Charges of CHA Agents like Prime Forwarders, Unique Speditorer Pvt. Ltd. For Import or Exports) is fall within one type of Commission and It should be deduced tax u/s 194H & not
Analysis of Rules for grant of Foreign Tax Credit
Computation of Foreign Tax Credit (‘FTC’) in case of assessee’s with cross border payments has been a major hassle for tax professionals. Absence of well-defined set of rules, coupled with few judicial precedents had resulted in diversified practices. The Central Board of Direct Taxes (‘CBDT’)
Top three ELSS funds for 2017
Top three ELSS funds for 2017: ELSS are eligible for 80C deduction under income tax Act. In ELSS we can invest either lump sum or via SIP. It is better to choose SIP over lump sum investment as it capture the various levels of market.Here
Passion for Profession
Passion for Profession Oil Ministry Gives In-Principle Nod to Launch Petrol, Diesel Futures: Indian Commodity Exchange Ltd (ICEX) Binani Cement Lenders Vote in Favour of Ultratech Offer of Rs 7,950 Crore. GSTN will not be available on 2nd June 2018 as a Major Disaster Recovery
Notification No. 23/2018- Income tax
Notification No. 23/2018- Income tax MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 24th May 2018 INCOME-TAX S.O. 2087(E).—In the exercise of the powers conferred by sub-section (2) of section 56 read with section 295 of the Income-tax Act,
What is the Unique Document Identification Number (UDIN)
What is the Unique Document Identification Number (UDIN)? Unique Document Identification Number (UDIN) is a unique number. Which will be generated by the system for every document certified/ attested by a Chartered Accountant. Also registered with the UDIN portal available at https://udin.icai.org/.
What is the Algorithm of UDIN
What is the Algorithm of UDIN? The algorithm of UDIN comprises of the following: 1. The Membership Number of the Member attesting the document/ certificate. 2. The Date (dd/mm/yy) when the certificate is issued. 3. The Document Serial Number allotted automatically by the system.
Why UDIN
Why UDIN? It has been noticed that financial statements and documents were being certified/ attested by third persons, in lieu of Chartered Accountants. As these statements are being relied upon by the authorities as true statements and certificates. UDIN can be generated by a practicing
How to create an account on the UDIN portal
How to create an account on the UDIN portal? To register at UDIN portal, please take the following steps: Step 1: Enter the homepage https://udin.icai.org Step 2: Click button “For first time sign up, click here” Step 3: Enter your six-digit Membership No., Date of
Take note of following Precautions while filing ITR-7.
Take note of following Precautions while filing ITR-7 Some of the claims made under sections 11 may are being disallowed during processing for reasons and in certain cases, the same may be rectifiable by suitable corrections in the data reported in ITR-7. Claiming exemption under
Tax Audit 3CD Revised
Tax Audit 3CD Revised! 6 Amendments + 9 Insertions = Total 15 Changes Summary of Amendments: 1. 4 – GSTIN to be mentioned. 2. 19 – Allowance under Section 32AD is to be reported. 3. 24 – Deemed gains under Section 32AD to be reported.
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