The proposed long-term capital gains tax on equity holdings will apply on profits made from sale of shares on or after April 1, 2018.
Tag: Tax
Know Concept of Composite and Mixed Supply under GST
Both Composite supply and Mixed supply consist of two or more taxable supplies of goods or services or both.
Transition Of Refund Of Taxes Paid Under The Existing Laws
In the existing regime of indirect taxation refund is one of a most strained area, both for the taxpayer and the tax administration.
Be Aware – Now Statement of Financial Transaction replaced AIR
The Statement of financial transactions need to be prepared by the person required to be audited in the income tax act 1961.
GST Council Finalise GST Rates
GST Council specifies rates 5%, 12%, 18% & 28% and categorised 1211 items under various tax slabs.
Gratuity – A Benefit On Your Retirement
Gratuity is a lump sum amount given by the employer to the employee for recognizing to the employee’s service.
Check! Whether Your GST Migration is Done or Not?
Goods and Services Tax (GST) portal has initiated a portal to check the status of conversion of an existing registration to GST.
What Is And How To Get Status of Dormant Company?
Dormant company can be a company formed for a future project or to hold an asset or intellectual property without there being any significant accounting transaction OR an inactive company.
How Can A Person File Tax Appeals In India?
An appeal is a proceeding resorted to rectify an erroneous decision of a court by submitting the question to a higher court, or court of appeal.
Highlight from 2nd edition of FAQ on GST dated 31.3.2017
CBEC has released 2nd edition of FAQ clarifying Central Goods and Service Tax (CGST) Bill, Integrated Goods and Service Tax (IGST) Bill, Union Territory Goods and Service Tax (UGST) Bill and the Goods and Service Tax (Compensation to the States) Bill passed in the Lok Sabha.