CBDT has notified Non-Securities Transaction Tax scenarios for 10% LTCG under section 112A

CBDT has issued Final Notification under section 112A(4) specifying nature of equity share acquisitions in respect of which requirement of payment of Securities Transaction Tax would not apply for 10% LTCG tax, no major changes vis-à-vis the draft notification;

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Posted in Direct Tax |

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 |