Cost Inflation Index base Year 01-04-2001
Cost Inflation index base year 1-4-2001 Year Cost Inflation index 2001-02 100 2002-03 105 2003-04 109 2004-05 113 2005-06 117 2006-07 122 2007-08 129 2008-09 137 2009-10 148 2010-11…
Copy of Finance Bill 2017 and Budget Highlights
Copy of Finance Bill 2017 This time the Union Budget is announced one month in advance unlike the usual practice of announcing it on last day of February. FM,…
Step by Step Guide for GST Enrolment for existing Central Excise / Service Tax Assessees
The roll out of GST is scheduled from April 1, 2017. The taxes of Central Excise and Service Tax would be subsumed in the GST. All existing Central Excise and Service…
Cabinet approved an ordinance to impose penalty & a jail term for people holding demonetized notes
The Union Cabinet has approved an ordinance to impose penalty and a jail term for people holding demonetized notes of Rs 5,00 and 1,000. Only specified category of people will…
“Know your client” (KYC) norms of ICAI
The "Know your client” (KYC) norms of ICAI were issued in 2011, which were recommendatory in nature. Pursuant to the decision taken by the Council at its 356th Meeting held on…
Cash deposit in excess of Rs. 5000 – RBI removes restrictions
RBI has removed following conditions on deposit of cash in demonetised Old Notes of Rs. 500 and Rs. 1000 in bank account, which has been put by its Circular dated…
Delhi VAT – Migration to GST
DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110002 No. JCTT/Policy/2016/751-769 Dated 14.12.2016 To All dealers of Delhi. Subject – Communication of the provisional Identification Number and Password to…
GST registration
GST registration is on for DVAT Dealers from 16 December to 31st December 2016. Documents Required For GST Registration as under: 1. PAN Card of business entity 2. Proof of…
Filing of Revised Income Tax Returns by the Tax Payers Post De-Monetisation of Currency
Filing of Revised Income Tax Returns by the Tax Payers Post De-Monetisation of Currency Under the existing provisions of Section 139(5) of the Income-tax Act, 1961 (‘Act’), Revised Return can…
GST Implementation Report Card
Report Card on GST Implementation; Government of India lost no time in implementing the GST so far; Discussions in GST Council have been very cordial and all decisions till now…