Exemption from quoting Aadhaar Number/Enrolment ID to certain individuals

The central government recently made the quoting of Aadhaar Number/Enrolment ID mandatory for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017.But now the government has given relief to certain persons/states from quoting of Aadhaar/Enrolment ID. As per the notification dated 11th […]

Continue Reading

5 Basic Things about GST Everyone Should Know

If you are a business, it is nearly certain you deposit some tax other than income tax. It could be in the form of service tax, excise duty, VAT or some version of custom duty. These taxes are called indirect taxes. Nearly all of these taxes will now be replaced with GST. But the implementation […]

Continue Reading

Update on Sec 80 G- Donations for charity

                       The Central Government has recently notified the Shri. Ram and Ramdas Swami Samadhi Temple & Ramdas Swami Math at Distt. Satara, Maharashtra to be a place of public worship u/s 80G (2).It means any donations made to this temple would qualify as deduction from the income u/s 80G. Sec 80G specifies the various relief […]

Continue Reading

NPS subscribers have to self-certify a FATCA declaration – Now online

[update – 25 May 2017] NSDL is now allowing NPS subscribers to update their FATCA self-certification online. You can do this by logging into your NPS account on https://cra-nsdl.com/CRA/ and clicking on ‘FATCA Self-certification’ under the main menu of ‘Transaction’. The FATCA submission will be authenticated via an OTP that you will receive on your registered […]

Continue Reading

Non Resident Seafarers to get tax exemption

CBDT has clarified tax liability for  remuneration received by a non-resident seafarer in NRE (non-resident external) account kept with an Indian bank. Salary of a non-resident seafarer for services outside India on a foreign ship will not be included in the total taxable income of the seafarer, even though such salary is credited in the […]

Continue Reading