Documents for Import-Export Code Registration. Import-Export Code (IEC) registration is mandatory for Import or Export of Goods or in some cases Services. The application for Import-Export Code registration is filed online on the website of DGFT. The Directorate General of Foreign Trade has issued a trade notice dated 12.12.2018 for changes in accepted documents for online Import-Export Code registration. Documents required for Import-Export Code registration The directorate of General of Foreign Trade has issued Trade Notice No.
CHANGES IN INCOME TAX RETURN FORMS FOR A Y 2019-20 The CBDT has notified the new Income Tax returns forms for income tax return filing from 1st April, 2019. These new ITR forms are applicable for Financial Year 2018-19. These new Income Tax Return forms have come with more essential changes and more detailed disclosures of taxpayers. The details regarding changes in Income Tax Return forms are discussed as under:- Income Tax return Form
GIFT TAX UNDER INCOME TAX Taxation on Gifts is widely deal by section 56(2) under the under the Income Tax Act, 1961 (hereinafter referred to as the Act) which has remained a debatable issue since inception and every year there is some amendment happen in section 56 of the Act. Section 56(2) of the Act does not directly say anything amount the Gift rather it has worded the gift as receipt of any amount without
Last date to file income tax return for assessment year 2018-19 related to financial year 2017-18 unlike earlier years is 31st March, 2019. Pursuant to amendment in the section 139(4) of the income tax act, 1961 the return of income after the due date as mentioned in section 139(1) i.e. for individual, HUF, firms and other person not liable to audit under any statutory legislation is 31st July and 30th September for other person liable
NEW GST RATES FOR REAL ESTATE DEVELOPERS GST Council in its 34th meeting which was held on 19th March, 2019 taken up for consideration operational details for implementation of the recommendations of the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house by Real Estate Developers. The following modalities are decided by the council. Option in respect of ongoing