1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST …
Income Tax No tax till Rs 5 lakh income for tax payers Individuals with gross income up to 6.5 lakh rupees if they make investments in provident funds and prescribed equities. Standard deduction increased to Rs 50,000 from Rs 40,000 for salaried class. TDS threshold for home …
The newer version of the Gen GST – return filing and e-billing – software has been launched. It is bigger, better and comes with more features than before. Gen GST is also the first GST software in the accounting segment to be completely independent of platform and the …
In accordance with the ICAI’s GO-GREEN agenda,ICAI discontinued receiving the hard copy of The Chartered Accountant journal, since e-Journal is available in PDF and user-friendly e-magazine formats on and hyperlinked Journal Highlights are emailed regularly to all members. ICAI President, CA. Naveen N. D. Gupta Message: ICAI will soon complete the 70th …
With update with the GST law and latest changes, Continuing Professional Education Committee of ICAI is conducting Three day-CPE Workshop on “GST (GOODS AND SERVICES TAX)”, the below are the details, Date: 23rd-25th January, 2019 (Wednesday-Friday) from 10:00 AM to 5:30 PM. Venue: Chennai: P. Brahmayya Memorial Hall,ICAI …
The GST Council is likely to rationalise the 28 per cent slab by cutting tax rates on construction items, like cement, in its meeting next week. “The idea is to keep only those items in the 28 per cent slab which are used for luxury purpose …
