GST Draft Approved by Union Cabinate : The Bill likely to be applicable from July 2017

By | 2017-03-21T13:15:08+00:00 March 18th, 2017|GST, Latest News, TAX|

With a lot of noise around the GST Bill, the Union Cabinate headed by Mr. Narendra Modi finally approved the bill so as to mark the beginning of the implementation of the same in the parliament and the state legislatures. With the implementation deadline marked as July 1, it is important the department is on [...]

Tax Exemptions for Freelancers and Self Employed

By | 2017-03-15T03:26:26+00:00 March 15th, 2017|Income Tax, Latest News, TAX|

Tax exemptions for freelancers, making the way a bit easier for the self-employed The concept of self-employment is one of the most celebrated in the job world. The major advantage of this genre is that it allows the economic development of the individual or the group while also generating several opportunities for others.  Freelancers are [...]

GST structure prepared- How does it affect you?

By | 2017-03-09T18:56:17+00:00 March 7th, 2017|GST, Latest News, TAX|

Goods and Service Tax is meant for creating a system of indirect taxation to get rid of multiple taxation of goods and taxation at varied strata. This tax has been proposed in order to combine the various taxes from state and central government and levy an integrated tax that could account for all of these. [...]

Form 16 – What and Why ?

By | 2017-03-12T17:34:53+00:00 March 4th, 2017|Income Tax, Latest News, TAX|

Form 16- What and Why? With the deadline approaching to file the income tax returns, doubts arise in the minds of the people who are facing these procedures for the first time. If you are a salaried professional, then the Form 16 for form an important component of the income tax returns that you file [...]

New Company Income tax rates for A.Y. 2017-18

By | 2017-03-11T12:07:09+00:00 February 10th, 2017|Budget, Income Tax, TAX|

In the union budget 2017-18 announced by Finance Minister on 1st February 2017, New Income tax slab rate for Assessment Year 2017-18 has been declared. In this new Income tax slab rate, For Domestic Companies Income tax rates is reduced from 29% to 25% for all companies while Income tax rate is still 30% for Partnership [...]

31st March is down the line, which tax saving investment instrument should I be opt for, is NPS a good investment?

By | 2017-02-06T13:11:12+00:00 February 6th, 2017|Income Tax, Investment, TAX|

Let’s compare the popular modes of tax saving investments Tax saving mutual funds (ELSS) National Pension Scheme (NPS) Guaranteed returns plans like Bank FDs, PPF, NSCs   Returns in long term: ELSS schemes invest in equity markets while in NPS one has option to choose between Equity, Debt and government securities. One may assume similar [...]

Migration of Existing HVAT Registered Dealers to GST-

By | 2017-01-01T11:31:25+00:00 December 15th, 2016|GST, TAX|

As you are aware that Goods and Services Tax (GST) is to be implemented from 1st April 2017. GST provides for provisional registration of all existing dealers under HVAT Act, 2003 whose PAN has been validated with the CBDT (Central Board of Direct Taxes). This process of enrolment of existing registered dealers of Haryana under [...]

Get Prepared For GST Enrollment

By | 2017-03-05T10:14:38+00:00 December 14th, 2016|GST, TAX|

Goods and Service tax enrollment has already started from 08/11/2016 as per schedule as prescribed in different states as below : States Start Date End Date Puducherry, Sikkim 08/11/2016 23/11/2016 Maharashtra, Goa, Daman and Diu, Dadra and Nagar Haveli, Chhattisgarh 14/11/2016 30/11/2016 Gujarat 15/11/2016 30/11/2016 Odisha, Jharkhand, Bihar, West Bengal, Madhya Pradesh, Assam, Tripura, Meghalaya, [...]

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