Attention..! You may be liable to pay Tax on your EPF Withdrawal

Income Tax |

[ratings] Employee Provident Fund (EPF) is one of the most commonly used retirement cum investment scheme enacted by the Government for employees. The employer and employee, both are required to contribute an amount under this scheme at some percentage of Basic Wages, Dearness Allowance and Retaining Allowance (if any) as follow: Employee’s Contribution The employee […]

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Due date of filing GSTR-3B extended to 23rd April 2019

Career, Compensation, Physician, Physician compensation |

Due date of filing GSTR-3B for the tax period March, 2019 has been extended to 23rd April, 2019. Relevant Press Release from CBIC is as follows:- Press Release 20 April, 2019 Subject: Extension of due date for furnishing return in the FORM GSTR-3B for the month of March, 2019 from 20.04.2019 to 23.04.2019 1. It

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Analysis of 6 % Composition Scheme for Service Providers w.e.f. 01/04/2019

Income Tax |

[ratings] Good News Service provider can now opt for Composition Scheme from 01/04/2019 vide notification No. 2/2019 – Central Tax (Rate) dated 07/03/2019. Earlier they are kept out of ambit of composition scheme u/s 10(1) of CGST Act. Here is the Crux of the notification: A registered person for first supplies of goods or services

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Optional 6% GST Composition Scheme for Service Providers w.e.f. 1st April 2019

Income Tax |

[ratings] [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 2/2019-Central Tax (Rate) New Delhi, the 7 th March, 2019 G.S.R……(E).- In exercise of the powers conferred by sub-section (1) of section 9, subsection (1) of section 11,

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Cost Inflation Index For Capital Gain Calculation

Income Tax |

[ratings] Notified Cost Inflation Index Under Section 48, Explanation (V) – Financial Year 2018-19 As per Notification no. So 1790(e)[no. 44/2017 (f. No. 370142/11/2017-tpl)], dated 5-6-2017, following table should be used for the Cost Inflation Index :- Download File: [download id=”4044″] Sl. No. Financial Year Cost Inflation Index 1 2001-02 100 2 2002-03 105 3

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