As per the new TNVAT notification No GO ( MS) 137 dtd 31-10-2013, issued by the Commercial tax Department, w e f 1st Nov 2013, the TNVAT monthly returns shall be appended with new Annexure V wherein details of the closing inventory at the end of every month with Input tax credit there on shall […]
Important amendment to Form I TNVAT Monthly return Read More »
The Tamilnadu Commercial Tax Department has extended the Last date for filing the TNVAT Audit Report for the year ending 31st March 2013 till 31st December 2013. As per the existing provisions, the TNVAT Audit report in Form WW shall be filed within 7 months from the end of the Financial year. As per the
TNVAT Audit Report Last Date extended… Read More »
The Central Board of Direct Taxes (CBDT) has extended the due date of filing of Audit Report & Income-tax returns where the same where required to be filed on or before 30th September 2013 to 31st October 2013. In its order under Section 119 of the Income-tax Act, 1961 (Order No F.No.225/117/2013/ITA.II dtd 24th October
CBDT Technically Extends last date for tax audit to 31st October 2013 Read More »
The Income-tax Department has issued a new circular No 8/2013 dtd 10th October 2013. This circular provides the procedures to be followed for Tax Deduction at Source on Salaries during the year 2013-14 In this circular, the Income-tax Department has provided as follows :- 1) Where the House Rent Allowance (HRA) amount is than Rs
PAN of Landlord Mandatory for Claiming HRA (For rent exceeding Rs. 1 Lakh p.a) Read More »
The following are the Various Statutory Obligations for the month of September 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of August 2013 is 5th of Sep 2013. In case of e-payment, the due date is 6th of September 2013. In case of payment by Challan
Statutory Obligations for the month of September 2013 Read More »
The Central Board of Direct Taxes has notified the much awaited “Safe Harbour Rules” which are applicable in case of transactions entered into associate enterprises in respect of which Transfer Pricing regulations apply. The draft rules as notified is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/14082013_DraftSafe_14082013.pdf”] Courtesy :- www.incometaxindia.gov.in
Draft Safe Harbour Rules notified Read More »
The Central Board of Direct taxes (CBDT) has prescribed the procedure and criteria for selection of scrutiny cases under compulsory manual during the financial year 2013-2014 . The guideline prescribed by the Income-tax department is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/07082013_Scrutiny_Cases_06082013.pdf” save=”1″] Courtesy :- www.incometaxindia.gov.in
Procedure and Criteria for Selection of Scrutiny of IT Cases for the year 2013-14 Read More »
The following are the Various Statutory Obligations for the month of July 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of July 2013 is 5th of Aug 2013. In case of e-payment, the due date is 6th of August 2013. In case of payment by Challan
Statutory Obligations for the month of August 2013 Read More »
The Service tax Department has released the offline excel utility for filing half-yearly Service Tax Return (ST-3) for the period 1st October 2012 to 31st March 2013. The following are the new features of the Oct-Mar 2013 Return :- A. Previously, the assessees were able to view the filed returns using the option, ‘View Original
Excel Utility for Service Tax efiling for Oct-Mar 2013 released Read More »
The Income-tax department has extended the due date for filing the Income-tax returns from 31st July 2013 to 05th of August 2013 in respect of Non-Corporate / Non-Audit case returns to be filed for the year 2012-13 (A.y.2013-14). This is done in view of the unprecedented surge in the number of e-returns filed and the
Due date for filing returns extended….. Read More »
The Income-tax department has notified the new excel utility for e-filing Income-tax returns in respect of Corporate assessees other than companies claiming exemption u/s. 11. Click the link below to download the excel utility. [wpdm_file id=31]
ITR-6 e-filing excel utility notified Read More »
The last date for filing Income-tax filing is fast approaching and you must be busy in compiling the details for filing the Income-tax returns. This checklist will be handy for you for compiling the details for your Income-tax returns. PAN Card Your PAN Card is the most important document required for filing your Income-tax returns.
Checklist for Filing Income-tax returns – Salaried Employees Read More »
Many times business entities get Invoices and Forms (Form C, Form F, Form E-I, E-II) out of the state where their office is situated. As a business entity , during VAT / CST assessments , the onus is on the assesee to prove the genuinity of the Invoice/Forms and the Registration of the dealer from
How to check whether a TIN / CST Number is genuine ? Read More »
There are three methods of tax payments available for Works Contracts Tax in TNVAT. They are as follows :- 1) Goods Identification method (Section 5) 2) Percentage Deduction method – Rule 8(5) 3) Composition Scheme – Section 6 GOODS IDENTIFICATION METHOD In this method, tax is on the deemed sale value of goods at rates
HOW TO DISCHARGE WORKS CONTRACT TAX IN TNVAT Read More »
