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Monthly Archives: August 2016

Penalty Provisions under the Income-Tax Act, 1961

Penalties for default in payment of Self Assessment Tax/ Payment of Tax/failure to comply with notice issued under section 142(1) or 143(2) or direction for audit under section 142(2A)/ under reporting and misreporting of income/ Failure in maintain information and document of international transaction or specified domestic transaction/ in case of Search, Late filing fees for delay in filing the TDS/TCS statement, Etc.

Compounding Scheme of  GST

As all folks area unit aware concerning the projected huge tax reform within the country within the kind of GST. based mostly upon the Model GST Law as issued by government, I herewith created efforts to hide careful analysis on numerous subject material of projected GST Model Law in details for our readers. these days i’m discussing concerning the composition theme beneath GST regime.

Doctrine of considerable compliance

Indirect tax laws has prescribed overplus of processes to be followed at completely different purpose of your time to avail of various advantages. However, over and over assessee didn’t abide by procedures in total and there’s dispute between department and assessee relating to availment of advantages to assessee.

Compensation under automobiles Act, 1988 – Some problems

The automobiles Act, 1988 is Associate in Nursing Act of the Parliament of Asian country that regulates all aspects of road transport vehicles. The Act came into force from one July 1989. It replaced automobiles Act, 1939 that earlier replaced the primary such enactment automobiles Act, 1914.

Government might advance Parliament session to urge GST laws approved

Eager to meet the Gregorian calendar month one target to roll out the landmark product and Services Tax+ (GST), the govt. might advance Winter Session of Parliament by a period of time to urge supporting legislations passed, departure spare time for implementation of the new taxation regime.

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