Exemption for services provided by Government or a local authority to a Business entity

Central Government vide Notification No. 07/2012-ST had inserted a new entity no. 48 in the Mega Exemption notification that ‘any service provide by a Government or a local authority to a business entity with a turnover up to rupees ten lacs in

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Format of Affidavit for applying for Legal Heir

Affidavit before Notary Public Affidavit of Mr. _________________ Son/Daughter/Wife of Late Shri ______________ resident of ____________. The Deponent solemnly affirm as follows: That i am the eldest son of Late Shri ____________ S/o. ______________ died on __/__/____. That we have taken the

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What is FTE (Fast Track Exit) Scheme – A Detailed Analysis

What is Fast Track Exit (FTE) Ministry has issued Guidelines for “Fast Track Exit (FTE) Mode” to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 in time

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Depreciation Rate Chart As Per Income Tax For 2016-17

What Is Depreciation While computing profits and gains from business or profession, a taxpayer can claim depreciation on all those assets which he has acquired and used for the purpose of his business or profession. Different depreciation rates are prescribed for different

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Notification No. F.3(643)/POLICY/VAT/2016/1585-1597 (Applicability of Digital Signature on DVAT Return)

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002  No. F3(643)/Policy/VAT/2016/157-169 Dated: 03/05/2016  NOTIFICATION  In exercise of the powers conferred on me under the fourth proviso to sub-rule (3) of rule 28 of

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Lesson 68 – How to create a Invoice with multiple Tax category

How to create a Invoice with multiple Tax category Recently a viewer send a mail for configure multiple tax calculation in a single invoice.  The Question was “How do I write an invoice that has a service and stock item for a

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Changes in CENVAT Credit Rules, 2004

To simplify the provisions related to availment of CENVAT Credit in respect of service tax paid on acquiring right to use of natural resources Central Government has made changes in Rule 4(7) of CENVAT Credit Rules, 2004 vide Notification No. 24/2016-CE (N.T),

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Lesson 67 – How to create difference in Billed & Actual Quantity

HOW TO CREATE DIFFERENCE IN ACTUAL AND BILLED QUANTITY IN TALLY.ERP9 It is used maintain all those transactions which are related with free item such as ‘buy one get one free’. Example:- Sundry Debtors purchased 20 Bottles of Water Bottle for Rs. 100

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How to File Form 15G / Form 15H Online?

Recently, Income Tax Department change the procedure to file Form 15G/ H. Now all the Forms 15G / H will file online instead of manually.  Notification No. 76/2015 published in this regard by CBDT on 29th September 2015 with new format of

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Service Tax Amendments vide Finance Bill, 2016 applicable w. e. f. 1st April. 2016

The Finance Bill, 2016 which was brought into by the Union Budget, 2016-17 come out with no. of amendments applicable from varied dates. Changes which were effective from the 1st day of April, stands imbibed are lested as follows:- A. Changes relating

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