Monthly Archives - June 2018

Procedure for efiling income tax return (Which ITR form to use?)

Procedure for efiling income tax return (Which ITR form to use?)

The time for efiling income tax return is nearing so earlier we start preparing for, the better it would be. The IT department has released the efiling forms recently and one can use those to file their ITR. The biggest question that haunt us is which ITR form should I use for efiling income tax return. So we have come up with a detailed & easy description on each forms, which would help you in choosing the correct form. There are [...]

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TDS ON SALE OF IMMOVABLE PROPERTY 194IA AND FORM 26QB

There are various provision related to TDS where tax is to be deducted at source at a given percentage either at the time of payment or at the time of credit, as the case may be e.g. TDS on salary, TDS on professional fees, TDS on Contract, TDS on rent etc. Here, we are going to discuss about TDS on sale of immovable property u/s 194IA and form required to be filled for this i.e. Form 26QB. Applicability of form 26 [...]

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Determination of Place of Supply of Goods under GST

Before we discuss about the provisions for determining place of supply of goods, we should be aware of the following terms: Goods: Goods means any kind of movable property other than money or securities, includes actionable claim (like insurance claim, pending litigations, lottery, betting and gambling), growing crops, grass and things which are attached to or which forms the part of land which are agreed to be severed before supply or under a contract of supply Supply: It means supply of [...]

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