Author: newtaxindia

Ready to receive Show Cause Notice under GST

October 22, 2021 By newtaxindia Off

The last dates of filing of the Annual Return under Section 44 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017), for the Financial Years 2017-18, 2018-19 & 2019-20 were as under: Sr. No.  Period Last date to file Annual Return 1 2017-18 05th &…

EPFO adds 14.81 lakh net subscribers in August 2021

October 22, 2021 By newtaxindia Off

Nearly 50% of total net subscriber additions in August are fresh Job seekersThe provisional payroll data of EPFO released on 20th October, 2021 highlights that EPFO has added around 14.81 lakh net subscribers during the month of August, 2021. The data reflects a growing trend…

All about Income from other sources

October 21, 2021 By newtaxindia Off

Incomes which does not fall under any of the other head will fall under the head of ‘Income from Other Sources’. INTEREST INCOMEInterest which are accumulates under the Saving Bank shall be mention under the head of ‘Income from Other Sources’ in tax return. Important…

Registration process of a Trademark Agent in India

October 21, 2021 By newtaxindia Off

A trademark agent or attorney is a qualified legal professional, who advises on all the legal aspects of Trademark filings, registration, and objections. To become a trademark agent, it’s mandatory to clear an examination conducted by the Trademarks Registry called the Trademark Agent Exam. A…

How to view and download Form GSTR-2B

October 20, 2021 By newtaxindia Off

How to view and download Form GSTR-2B? Manual > Viewing Form GSTR-2B How can I view and download Form GSTR-2B? Form GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his/her suppliers in their respective…

Relaxation in export policy of red sandalwood

October 19, 2021 By newtaxindia Off

The Directorate General of Foreign Trade, Department of Commerce, Ministry of Commerce and Industry, Government of India Vide Notification No. 35/2015-2020 dated 7th October 2021, notified amendment in the S.No.188, Schedule – 2 of ITC (HS) Export Policy, 2018 for providing relaxation in Export Policy…

Explanation on the issue of refund of wrongly paid taxes

October 19, 2021 By newtaxindia Off

The GST Policy Wing, Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, Government of India, vide Circular No. 162/18/2021-GST and F. No. CBIC-20001/8/2021-GST dated 25.09.2021, issued Clarification on the issues in respect of refund of tax wrongfully paid as specified…

All About Income from Salary

October 19, 2021 By newtaxindia Off

Income from salary is the remuneration which is received by an individual who is rendering services under any contract which is taken by him. The contract should be under employment. The amount received by an individual shall be considered as income from salary only if…

All about Tax on Mutual Fund SIP

October 19, 2021 By newtaxindia Off

Arjun (Fictional Character): Krishna, nowadays more and more people are making investments in mutual funds through SIPs? Krishna(Fictional Character): Arjuna, SIPs i.e., Systematic investment plans are a convenient method of investing in mutual funds in which the investor can invest small amounts periodically. Investors can…