How GST complicates the employee – employer relationship “How would you treat a car given to employees for their use under GST (goods and services tax)?” a tax head of a car company asked me.
Assessments under GST Type of Assessment Self Assessment Provisional Assessment Scrutiny Assessment Summary Assessment in special cases Assessment of Non Filers of return Assessment of unregistered Dealer
Paying Rs 50,000 rent? Better cut 5% TDS Individuals who are paying a rent of over Rs 50,000 every month required to deduct TDS at 5%. The related section in the Income Tax Act is section 194IB — which was introduced by the Finance Act, 2017 and it has broad scope of withholding tax by […]
How to calculate capital gains Calculation of capital gains can be a complex and challenging mission relying on the nature and the number of transactions undertaken by the assessee in a financial year. It is always suggested to take the advice from an professional like a chartered accountant for the same. However, Assessee can also […]
Which ITR form to fill and how to fill for FY 2016-17. The Central Board of Direct Taxes (CBDT) notified ITR form for the Financial Year (FY) 2016-17 on March 31, 2017. The government also mandated quoting of Aadhaar number/ Aadhaar enrolment number while filing the tax return if the same is filed on or […]