Migration of Service Tax Assessee’s to GST
*Migration of Service Tax* Assessee’s to GST have started. 🔶 After logging on aces, you shall get a pop up window for updation of mobile and email. Update a valid email n mobile to receive OTPs and Save & Submit. 🔶 After Re logging you shall get another pop up for *GST Provisional ID* 🔶 […]
All About Trust
Registration and Taxation of charitable & Religious Trust Preamble: According to one survey in India there is 1 N.G.O per 800 Indian Citizen. We can’t find even a single village in India where there is no Religious place. We might not find School, Hospital or Common Pay and use toilets but we certainly have religious […]
New Rules for 15CA & CB – Foreign Remittance
Form 15CA has been divided into four different parts/sections and each part is required in different circumstances:
Part A
Where the remittance is chargeable to tax under the provisions of the Income-tax Act,1961 and the remittance or the aggregate of such remittances does not exceed five lakh rupees during the financial year.
Part B
Where the remittance is chargeable to tax under the provisions of the Income-tax Act,1961 and the remittance or the aggregate of such remittances does not exceed five lakh rupees during the financial year and an order/ certificate u/s 195(2)/ 195(3)/ 197 of Income-tax Act has been obtained from the Assessing Officer.
Part C
Where remittance is chargeable to tax under the provisions of Income-tax Act, 1961 and the remittance or the aggregate of such remittances exceeds five lakh rupees during the financial year and a certificate in Form No. 15CB from an accountant as defined in the Explanation below sub-section (2) of section 288 has been obtained.
Part D
Where the remittance is not chargeable to tax under the provisions of the Income-tax Act, 1961 {other than payments referred to in rule 37BB(3)} by the person referred to in rule 37BB(2).
Startup India
Intention of Government Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system to encourage new ideas and Startups in the country that will lead to economic growth and generate large scale employment opportunities.The action plan announced by the Government in this regard, hopes to address all aspects […]