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Compliance

Be Simple. Life is not qualified by rich lifestyle. It is measured by the number of faces that smile when they hear your name.

Always believe that something wonderful is going to happen. Even with all the ups and downs.

CBDT has issued/launched a new Quarterly e-Journal with the name "TAXALOGUE" (Dialogue on Tax) with a mission to share best tax practices, providing a platform to all the Stakeholders and discussions relating to tax matters.

Delhi ITAT is disposing off department’s appeals where Tax Effect is less than Rs. 50 Lakhs in view of the CBDT Circular. The list of cases fixed for hearing on 31.10.2019 where the appeal effect is less than 50 lakh is available.

PMO and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) to be scrapped and a review of existing slabs and holding period of long term capital gains (LTCG), short term capital gains (STCG) and securities transaction tax (STT).

High Court Madras dismissed Income Tax appeal following revised threshold limit of tax effect fixed by Circular No. 17/2019 [2019] 110 taxmann.com 167 (Madras) PCIT v. India Pistons Ltd.


GST Due Dates today 31st October 2019:

31 Oct - GSTR1 (quarterly)
31 Oct - Tax audit
31 Oct - Qtr 2 TDS return

GST payers are eagerly awaiting clarity over the new rules notified early this month that restricted the refund of input tax credit to 20% of the total claimed amount.

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