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Income Tax :- Due Dates for the Month November 2017

7 November 2017 -
Due date for deposit of Tax deducted/collected for the month of October, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan 14 November 2017 -
Due date for issue of TDS Certificate for tax deducted under Section 194-IA​ in the month of September, 2017. 15 November 2017 -
Due date for furnishing of Form 24G by an office of the Government where TDS for the month of October, 2017 has been paid without the production of a challan 15 November 2017 -
Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2017 30 November 2017 -
Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of October, 2017 30 November 2017 -
Annual return of income for the assessment year 2017-18 in the case of an assessee if he/it is r…

GSTR-2 :- EXCEL EXPORT AND IMPORT FROM GST UTILITY

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Friends  Govt has released new GST Offline Tool utility Version 2.1 which is compatible with Excel.   It can export data in excel and have capacity to import from Excel directly.  Overview detail of the same if given below :-  Overview
The Offline Tool version 2.1 has been designed to enable taxpayers to prepare GSTR-1 and GSTR-2 return by adding invoice and other details and by taking action on the auto-drafted counterparty submitted details in the tool in offline mode(without internet).


The Offline Tool version 2.1 supports
GSTR-1: New Invoice and Other details Addition/Deletion Registered Business to Registered Business (B2B), Business to Consumer inter-state for amount exceeding Rs 2.5 Lakhs (B2CL), Business to Consumer less than Rs. 2.5 Lakhs (B2CS), Exports, Credit/ Debit Note (CDNR) and Credit/ Debit Note for unregistered Persons (CDNUR), Advances (AT), Advance Adjustments (ATADJ) and HSN Summary. The data for sections Nil Rated/ other Exempted/ Non GST and Documents issued has t…

Income Tax :- Due Dates for the Month October 2017

7 October 2017 -
Due date for deposit of tax deducted/collected for the month of September, 2017. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan 7 October 2017 -
Due date for deposit of TDS for the period July 2017 to September 2017 when Assessing Officer has permitted quarterly deposit of TDS under section 192194A194D or 194H 15 October 2017 -
Due date for furnishing of Form 24G by an office of the Government where TDS for the month of September, 2017 has been paid without the production of a challan 15 October 2017 -
Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of August, 2017 15 October 2017 -
Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending September, 2017 15 October 2017 -
Quarterly statement of TCS deposited for t…

Income Tax :- Income Tax Slabs for the F.Y. 2017-18

Financial Year 2017-18
A. Tax Rates For Individuals (Men & Women), Hindu Undivided Families, Association of Persons and Body of Individuals
Total Income (Rs.)Tax Rate (%) Upto Rs. 250,000*         Nil 250,001 to 500,000          5 500,001 to 10,00,00020 Above Rs. 10,00,00030
*In the case of a resident individual of sixty years or more but less than eighty years, the basic exemption limit is Rs. 3,00,000 *Relief for Taxpayers in the first bracket of '250000' to '350000'. A Tax credit of 2500 to every person with total income upto 3,50,000 The category of women below the age of 65 years has been removed


B. Tax Rates For Senior Citizens (80 Years Or Above)
Total Income (Rs.)Tax Rate (%) Upto Rs. 500,000*        Nil 500,001 to 10,00,00020 Above Rs. 10,00,00030 Surcharge is @ 15% if total taxable income is in excess of Rs. 10,000,000 Education cess is applicable @ 3% on income tax Marginal relief may be available

C. Tax Rates For For Partnership Firms                      …

GST : -Notification No 30/2017 Central Tax for filing of GSTR-1, GSTR-2 and GSTR-3

Friends,   Earlier due dates for filing of GST Returns GSTR-1, GSTR-2, GSTR-3 was announced in 21st GST Council Meeting dated 9.09.2017, Now notification has been issued for the same. 
Ntfn_30_2017E by www.TdsTaxIndia.com on Scribd

GST :- Decision of 21stGST Council Meeting Dated 9th September, 2017

Decisions taken on Services – 21st GST Council Meeting, 9th September, 2017
The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September, 2017. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law.
1, To reduce the rate of GST on following services from 18% to 12%: 
Services provided to the Government, a local authority or a governmental authority by way of construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of – 
(a) a civil structure or any other original works meant predominantly for use other than for commerce, industry, or any other business or profession;
(b) a structure meant pred…

GST :- Due Date for GST Returns GSTR-1, GSTR-2, GSTR-3 Extended for the month July and Aug, 2017

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New Delhi, Sep 4 () Businesses will have more time to file the final GST returns as the government today extended the last date for filing of sales and purchase data as well as payment of taxes for the months of July and August.
Now sales return or GSTR-1 for July will have to be filed by September 10 instead of September 5 earlier and purchase returns or GSTR-2 would be filed by September 25 instead of September 10 earlier.
GSTR-3, which is the match of GSTR-1 and GSTR-2, will have to be filed by September 30, in place of September 15.
"GIC (GST Implementation Committee) decides to extend date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017, respectively," the government said in a tweet.
With regard to August, the date for filing GSTR-1, GSTR-2 and GSTR-3 has been extended to October 5, October 10 and October 15 from earlier September 20, September 25 and September 30, respectively.
The industry has been demanding an extension of th…