Exemption on interest income on specified off-shore Rupee Denominated Bonds

CBDT issue press release dated 17.09.2018 announcing tax exemption for interest payable by an Indian company or a business trust to a non-resident or foreign company in respect of rupee denominated bond issued outside India during September 17th, 2018 to March 31st, 2019.

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Posted in Direct Tax |

Government extends due date for furnishing of FORM GSTR-1 to October 31

Due Date for furnishing FORM GSTR-1 for the period from July 2017 to September 2018 has been extended till October 31, 2018 for all registered persons having the aggregate turnover above Rs 1.5 crores; This includes registered persons in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry).

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Posted in GST Update |

Annual Return Formats Notified

The government has come up with Annual Return Formats for FY 2017-18 wide Notification No. 39/2018-Central Tax ,dt. 04-09-2018.

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Posted in GST Update |

Be a Part of an Annual Conference on TDS and Get Valuable Insights

Tax Deduction at Source: Issues, Problems and Recent Developments

PHD chamber of commerce and industry is a leading and dynamic government body that works at the grass root level with a mission of Skilling India for Global Competitiveness. The multi-state apex organisation makes a significant contribution to the socio-economic development and capacity building by enhancing awareness, advocating research-based policies and other suitable methods.

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Posted in Direct Tax |

CbCR Appropriate usage guidance released by CBDT

CBDT has released the much awaited guidance on usage of Country-by-Country Reports (CbCR) informationvide Instruction No. 2/2018. The guidance pertains to the appropriate use of CbCR information. With this, the uncertainty and apprehensions on appropriate use of detailed information/ data filed as part of CbCR,has been addressed by CBDT. Some of the key points, inter alia, of the Instruction are as follows:

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Posted in Transfer pricing |